New analysis by energy think tank Ember reveals that, for the first time, solar panels generated a tenth of EU-27 electricity during their peak months of June and July this year. New records were set in eight EU countries, including Spain and Germany. However, solar panels still generated less electricity than Europe’s coal power plants, […]
Spain to Sell Green Capacity to Curb Future Energy Prices
Avid natural gas demand and the rising cost of European Union permits to emit planet-warming carbon dioxide have pushed up electricity prices in many countries and prompted political squabbles in Spain. Spain will launch an auction process for renewable generation capacity this week as the country reels from record-high power prices and seeks ways to […]
Construction Begins For Spain’s First Major Production Base For Lithium Battery Cells
Various energy news websites have reported that construction started in June for Spain’s first GW-scale production base for lithium battery cells. The base is located in Noblejas, a municipality in the province of Toledo and within the autonomous region of Castilla-La Mancha. The main developer of this project is Phi4Tech, a company specializing in graphene-related […]
Spain: EIB Signs Agreement With Solaria to Co-Finance the Construction of Seven Photovoltaic Plants Generating 477 GWh of Renewable Energy a Year
The EU bank will provide Solaria with a total of €54 million via a project finance arrangement. The plants will be located in Castilla y León, Castilla-La Mancha and Extremadura. They will have a total capacity of 261.05 MWp and generate around 477 GWh a year, which is equivalent to the power consumption of 121 300 Spanish homes. […]
Spain: Iberdrola And EIB Sign a New €550 Million Green Loan to Boost Smart Grids
The project will contribute to the electrification of the Spanish economy and improved efficiency via better automation and control mechanisms The funds will be allocated to the investment plan covering this infrastructure that i-DE — Iberdrola’s Spanish distributor — will develop for €1.5 billion between 2021 and 2023 This investment plan will help safeguard an […]
Spain to Invest 4.3 Billion Euros in Electric Vehicle Production
MADRID: Spain will invest 4.3 billion euros ($5.11 billion) to kick-start the production of electric vehicles and batteries as part of a major national spending programme financed mostly by European Union recovery funds, the government said on Monday. Prime Minister Pedro Sanchez said in a presentation the government-run plan, which aims to spur private investment, […]
Spain Aims to Install 1-3 GW of Floating Wind Turbines by 2030
As part of a global shift away from carbon-emitting fossil fuels, governments and companies are seeking new ways to harness power generation from renewable energies like wind and solar. MADRID : Spain plans to install floating wind turbines on the deep waters off its coasts with capacity to generate between 1 and 3 gigawatts of […]
Spain’s Carbon Emissions Fell Below 1990 Levels For The First Time in 2020
Spain’s carbon emissions fell below 1990 levels last year, helped by more renewable energy, a drop in coal-fired power and an economy slowed by the pandemic, a statement released by the environment ministry said on Thursday. Carbon emissions fell 13.7% in Spain in 2020 from 2019 levels to 272 million tons, about 6.4% less than […]
Fotowatio Renewable Ventures Builds Its First Solar-Plus-Storage Project, in Australia
Global renewable energy development company Fotowatio Renewable Ventures (FRV) is building its first project to include solar PV and a battery energy storage system (BESS) at the same site, in Queensland, Australia. The company, which has put about 1,500MW of renewable energy projects into operation to date including eight projects in Australia and has over […]
Spain Plans Regulation to Curb Consumer Energy Bills
The reform seeks to reduce part of the carbon dividend for pre-2005, non-emitting plants that sell energy on the market, a source with knowledge of the draft told Reuters on condition of anonymity. MADRID: Spain’s government is expected to approve draft legislation on Tuesday to limit the windfall profits hydro and nuclear plants make as […]