In Short : For the first time, wind and solar energy have contributed over one-third of Brazil’s electricity generation, marking a milestone in the country’s clean energy transition. Driven by increased investment in renewable projects and favorable weather conditions, these sources are reducing reliance on fossil fuels. The development underscores Brazil’s growing role in global […]
China on course to hit wind and solar power target five years ahead of time – EQ Mag
Beijing bolstering position as global renewables leader with solar capacity more than rest of world combined China is shoring up its position as the world leader in renewable power and potentially outpacing its own ambitious energy targets, a report has found. China is set to double its capacity and produce 1,200 gigawatts of energy through […]
Six states generated wind and solar power above global average: Report – EQ Mag
Nagpur: While wind and solar reached a record 12% of global electricity last year, six Indian states surpassed the global average, reveals the latest Global Electricity Review launched by energy think tank Ember. According to it, over 60 countries now generate more than 10% of their electricity from wind and solar. In India, the combined […]
China launches climate prediction model for wind and solar power – EQ Mag
BEIJING : China has launched a national wind and solar resources climate prediction model to enable provincial authorities to forecast energy demand and supply, the central government said on Friday. The model, which provides data and graphic predictions on major variables in renewable energy supply, such as wind speed and solar radiation, as well as […]
Octopus Energy strikes new EU deal to harness ‘huge untapped potential’ and slash bills – EQ Mag
Octopus said that their deal would help Europe end its reliance on natural gas. UK-based firm Octopus Energy has announced a major expansion into the EU by investing in a company that’s set to power a million homes. The energy firm’s generation arm has green energy developer FF New Energy Ventures (FFNEV) to develop more […]
Irish government greenlights RESS 2 tender results – EQ Mag Pro
The Irish government on Tuesday approved the final results of the country’s second Renewable Electricity Support Scheme 2 (RESS 2) auction, which will facilitate the deployment of more than 1.9 GW of fresh wind and solar power capacity. The tender was completed in May and resulted in 80 projects securing contracts with a guaranteed price […]
Global renewable power prices soar on heavy demand, chaotic supply chain – EQ Mag Pro
Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday. Contract prices for renewables jumped 28.5% in North America and 27.5% in […]
Coronavirus Crushing Global Forecasts for Wind and Solar Power
Lockdowns and depreciating currencies are among the reasons Rystad: Global wind, solar growth may be wiped out this year It’s not just oil taking a hit from the coronavirus pandemic. Forecasts for clean energy are being pummeled, too. Reports Friday from Morgan Stanley, Wood Mackenzie and Rystad Energy project sharp cutbacks for wind, solar and […]
The wind and solar power sources will reach over 20,000MW by 2025
According to forecasts, the wind and solar power sources in Vietnam will increase sharply in the period of 2021-2023 to compensate for the electricity shortage due to delayed thermal power projects and By 2025, the total capacity of these sources will reach over 20,000 MW. According to the report of the National Steering Committee on […]
Wind and Solar Power Have Become Amazingly Affordable
In the midst of otherwise depressing developments in the progress of climate change, one bit of good news shines through: The economics of renewable energy have been improving fast — especially those of onshore wind and utility-scale solar power. A new analysis of the levelized cost of energy from Lazard, the company I work for, […]
