Showing results for: wind solar photovoltaic News
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IEA press conference “Harnessing Variable Renewables”
Harnessing Variable Renewables: a Guide to the Balancing Challenge sheds light on managing power systems with large shares of variable renewables such as wind and solar PV, with focus on strategies to maintain the reliable balance of supply and demand. It presents a new, step-by-step approach developed by the IEA to assess the flexibility of power systems, which identifies the already present ...
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IRENA Report: All Renewable Technologies To Be Competitive by 2020
The cost of generating power from onshore wind has fallen by around a quarter since 2010, with solar photovoltaic (PV) electricity costs falling by 73 per cent in that time, according to new cost analysis from the International Renewable Energy Agency (IRENA). The report also highlights that solar PV costs are expected to halve by 2020. The best onshore wind and solar PV projects could be ...
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A 50% share of variable renewables can save up to 6% on system costs
The REserviceS project - led by the European Wind Energy Association (EWEA) and involving other stakeholders from across the electricity system and academia - also found that creating markets to trade grid support services (GSS) can provide revenue streams for generators, in addition to energy-only markets. Wind and solar photovoltaic (PV) energy is capable of providing GSS such as frequency and ...
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The international launch of The Power of Transformation Wind, Sun and the Economics of Flexible Power Systems
Wind power and solar photovoltaics (PV) are crucial to meeting future energy needs while decarbonising the power sector. Deployment of both technologies has expanded rapidly in recent years, one of the few bright spots in an otherwise bleak picture of clean energy progress. However, the inherent variability of wind power and solar PV raises unique and pressing questions: Can power systems remain ...
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IRENA Outlines Importance of Energy Transition in Global Innovation Index
The International Renewable Energy Agency (IRENA) has outlined the innovation priorities needed to accelerate the transition to a sustainable energy system. The Agency authored a chapter of the recently published 2018 Global Innovation Index (GII) report, named Innovation Driving the Energy Transition in which four central policy-level innovation recommendations are outlined as critical to ...
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Ørsted to Build Landmark Solar & Storage Project
Ørsted announced this week that following final investment decision from its Board of Directors it has commenced construction on the company's first utility-scale solar plus battery storage project, the 460megawatt (MWac) Permian Energy Center. The facility is located in Andrews County, Texas, and will come online in mid-2021. Upon completion of the Permian Energy Center, Ørsted ...
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Any country can reach high shares of wind, solar power cost-effectively, study shows
Wind power and solar photovoltaics (PV) are crucial to meeting future energy needs while decarbonising the power sector. Deployment of both technologies has expanded rapidly in recent years - one of the few bright spots in an otherwise-bleak picture of clean energy progress - and IEA scenarios indicate that this trend will continue for decades. However, the inherent variability of wind power and ...
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The international launch of The Power of Transformation Wind, Sun and the Economics of Flexible Power Systems on 26 February
Press webinar on Wednesday 26 February 2014; 15:00 - 16:00 Paris time Maria van der Hoeven Executive Director, International Energy Agency (IEA) Paolo Frankl Head of the Renewable Energy Division Simon Müller Energy analyst in the Renewable Energy Division Wind power and solar photovoltaics (PV) are crucial to meeting future energy needs while decarbonising the power sector. Deployment of ...
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IEA Report: Renewable Power on Course to Shatter More Records
Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of solar PV and wind power, according to the latest update from the International Energy Agency. The growth is set to continue next year with the world’s total renewable electricity capacity rising to 4 ...
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Launch of the IEA`s Medium-Term Renewable Energy Market Report 2016
WHAT: Publication of the IEA's Medium-Term Renewable Energy Market Report 2016 WHEN: Tuesday, 25 October, at 10:00 AM Paris time The rapid spread of renewable energy is a bright spot in the global energy transition toward a low carbon economy. Despite lower fossil fuel prices, renewable power expanded at its fastest-ever rate in 2015 thanks to supportive government policies and sharp cost ...
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E.ON completes giant 458 MW wind farm in USA
E.ON officially announced the completion of its Panther Creek wind farm, located in Big Spring, Texas, USA. The Panther Creek complex is a three-phase project that consists of 305 turbines and has an installed capacity of 457.5 megawatts (MW), making it one of the ten largest wind farms in the United States. Phases I and II of the wind farm became operational in the first quarter 2009, with the ...
By E.ON AG
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Grid Parity Boosts Renewable Energy Growth: Market for Inverters to Reach $19 Billion by 2017
Global Information Inc. is pleased to announce the availability of three new reports covering the market for clean energy and renewable energy applications. These reports are designed to help businesses maximize potential growth and make better, more informed decisions with estimated future cost trends and an understanding of how to frame strategies based on future wind and solar power outlook. ...
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After stalling last year, renewable power capacity additions to hit double-digit growth in 2019
After stalling last year, global capacity additions of renewable power are set to bounce back with double-digit growth in 2019, driven by solar PV’s strong performance, according to the International Energy Agency. The IEA expects renewable capacity additions to grow by almost 12% this year, the fastest pace since 2015, to reach almost 200 GW, mostly thanks to solar PV and wind. Global ...
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Russia Can Nearly Quadruple Share of Renewable Energy by 2030
Russia can increase the share of renewables in its energy mix from roughly 3 per cent today to more than 11 per cent by 2030, according to new findings by the International Renewable Energy Agency (IRENA). The growth in renewable energy use would represent nearly a fourfold increase in the share of renewables between 2014 and 2030. Renewable Energy Prospects for the Russian Federation, was ...
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Mainstream’s Chilean JV wins tender to build and operate 265 MW of wind power
Aela Energía, the joint venture company owned 60% by private equity investor Actis and 40% by global wind and solar company Mainstream Renewable Power, was today awarded contracts to build and operate two wind projects, with a combined generation capacity of 265 megawatts which will supply regulated customers in Chile’s SIC electricity system starting from 2017. The company was ...
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CSP capex costs fall by almost half as developers shift towards China and Middle East
The cost of building new CSP plants has fallen significantly as developers have moved towards China and the Middle East and embraced tower technology with storage, New Energy Update has found. New Energy Update’s latest analysis of 16 CSP projects with investment decisions since 2016 shows that capital expenditures (capex) were between $3,910/kW and $6,355/kW. Energy storage capacities ...
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Global Annual Revenue for Distributed Power Generation in Data Centers Expected to Reach $6.7 Billion in 2027
A new report from Navigant Research examines the global market for distributed power generation technologies for data centers, providing market forecasts segmented by region, technology, and application, through 2027.Data centers are critical to a functional global digital economy and society. Investment in cloud storage, colocation, and hyperscale data centers has resulted in the construction of ...
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IEA: Global Energy Demand to Plunge This Year as a Result of the Biggest Shock Since the Second World War
The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8%. A new report released today by the International Energy Agency provides an almost real-time view of the Covid-19 pandemic's ...
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Total Annual Revenue for Energy Storage for Renewables Integration Expected to Exceed $23 Billion by 2026
As costs for renewable energy projects drop and policies and resilience demands increase, capacity for wind and solar PV continues to rise across all regions and market segments. This uptick in large-scale additions of variable forms of generation presents challenges to the electrical grid, but energy storage systems (ESSs) are helping to mitigate concerns and integrate renewable energy resources ...
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Majority of New Renewables Undercut Cheapest Fossil Fuel on Cost
The share of renewable energy that achieved lower costs than the most competitive fossil fuel option doubled in 2020, a new report by the International Renewable Energy Agency (IRENA) shows. 162 gigawatts -- or 62 per cent of total renewable power generation added last year -- had lower costs than the cheapest new fossil fuel option. Renewable Power Generation Costs in 2020 shows that costs for ...
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