Spain and Sweden have the cheapest power purchase agreement (PPA) prices in Europe for wind and solar energy, according to data from Bloomberg NEF’s (BNEF) 1H 2020 European Corporate PPA Price Survey. Sweden, with prices set around €30.50/MWh, is the cheapest market for onshore wind corporate PPAs. In the solar …
Read More »Global Renewables Expansion in 2020 will be Wiped Out by Covid-19
The momentum-building global expansion of wind and solar power plant could be stymied for at least year as government restrictions on movement impact construction timeframes and foreign exchanges market contract around the world, according to new forecast by Rystad Energy. The Norwegian analyst group calculates growth in newly commissioned renewables …
Read More »Siemens Gamesa to Supply 25 Turbines to One of Vietnam’s Biggest Wind Farms
The wind project is forecast to provide clean electricity to 240,000 people.
Read More »Tata Power Announces Expansion of Solar Assets to 90 Indian Cities
Tata Power has already deployed over 375MW of rooftop projects across Indian states such as Gujarat, Maharashtra and Tamil Nadu.
Read More »Renewables Emerge as Winner during China’s COVID-19 Lockdown
The first nation to implement a COVID-19 lockdown, China, has experienced an unprecedented power demand drop during the first two months of the year as a result of the stagnation of industrial and commercial activities. Amidst this demand squeeze, renewables have emerged as a winner in the increasing competition among …
Read More »Big Oil Needs to Invest in Wind and Solar
Before the coronavirus pandemic, Big Oil was under significant pressure to speed up their transitions to cleaner forms of energy — from politicians, financiers and climate activists alike. This pressure may have receded from view amid Covid-19 lock downs and massive slumps in oil prices, but there is no reason …
Read More »World’s Wind Power Capacity up by Fifth after Record Year
The Global Wind Energy Council found that wind power capacity grew by 60.4 gigawatts, or 19%, compared with 2018, in one of the strongest years on record for the global wind power industry. The growth was powered by a record year for offshore wind, which grew by 6.1GW to make …
Read More »Coronavirus and Mild Winter Helps Germany to Reach 2020 Climate Target
The coronavirus crisis and an unseasonably mild winter in Europe have combined to help Germany reach its 2020 climate target, Agora Energiewende said. Mild temperatures accompanied by strong winter storms have led to rising production levels from wind power farms amid a lower energy consumption for heating, the Berlin-based think-tank …
Read More »Ireland Announces €1m for Three Geothermal Projects
The funding by SEAI and GSI is to support research and innovation into providing clean heat and power from the ground.
Read More »Covid-19 Brings Spanish Wind Jobs to a Halt
The pandemic has claimed 598 lives to date across the country, as stated by the Spanish Health Ministry.
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