Spain is on track to generate more than half of its power from renewable sources this year, the first of the top five European countries by power demand to accomplish this feat, according to Rystad Energy forecasts. Spain will reach this significant decarbonization milestone this year, with renewable-sourced generation surpassing …
Read More »EU, UAE Pledge to Rally Support for Global Renewable Energy Goals
The European Commission and the United Arab Emirates pledged on Wednesday to build support ahead of this year’s COP28 climate summit for global goals to expand renewable energy, which they said would help countries shift from “unabated” fossil fuels. In a statement agreed after a meeting of officials in Brussels, …
Read More »IEA: EU to Add 60 GW of Solar and Wind Capacity in 2023
The EU is set to add 60 GW of solar photovoltaic (PV) and wind capacity this year, further reducing its reliance on fossil fuels and supplies from Russia, the International Energy Agency (IEA) said on Thursday. By 2024, the IEA expects wind and solar PV to make up more than …
Read More »Chinese Solar Major Slashes the Prices of a Key Component
The largest solar manufacturer in the world has reduced the prices of a key component in solar installations by close to a third as production ramps up, threatening to sink weaker players. The update comes after in December Longi slashed prices by more than 27%. Per a Bloomberg report, Longi …
Read More »IEA: Solar is Cheapest Energy Source
Solar power has been touted as the cheapest available source of energy for several years now. Solar power proponents have been talking about the consistent decline in the cost of raw materials and panel production. They have also talked about LCOE. The levelized cost of energy is a metric that …
Read More »Poland is Building the Largest Offshore Wind Farm in the EU
Polish group Orlen has started constructing an onshore substation for the future Baltic Power wind farm in the Baltic Sea, which is scheduled to become operational in 2026. The company plans to start the first installation work at sea in 2024. The Baltic Power offshore wind farm will consist of …
Read More »Amazon’s Second Headquarters to be 100% Powered by Renewable Energy
Amazon is previewing the sustainable aspects of its soon-to-open “HQ2” complex in Arlington, Va. In a corporate blog post, Amazon highlighted sustainable features of the campus, including low-carbon concrete, mass timber, electrified energy-efficient operations, advanced ways to reuse water, and two acres of landscaped roofs with native plants. In 2018, …
Read More »The Massive Solar and Wind Waste Problem
Solar and wind power could have a massive waste problem if not dealt with soon, with growing uncertainty over what to do with components at the end of their lifespan. Some countries are now investing heavily in recycling operations for no longer functioning solar panels and wind turbines, while many …
Read More »Eastern EU Countries will Make or Break the Bloc’s 2030 Renewables Goal
The EU has set itself a new renewables target for 2030 and wants to reach a share of at least 42.5% and ideally 45% renewables in its energy consumption. Commission President von der Leyen recently made clear that the Union strives for a net-zero power sector by 2040. However, it …
Read More »Egypt Signs Agreement with Norway to Export Renewable Energy to Europe
The Egyptian Electricity Transmission Company signed a memorandum with Norwegian company Scatec ASA to start studies for the electrical interconnection project between Egypt and Europe to export renewable energy via Italy. The memorandum was signed on behalf of the Egyptian Electricity Transmission Company by Chairman of the Board of Directors …
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