Europe Policymakers On Edge On Declining Solar Capture Rates
Power Info Today Magazine
by Venkat L
2d ago
The wholesale power prices coming under pressure due to surging solar output is not a new concept within the power markets, but it also looks all set to become a potentially divisive issue throughout Europe as rampant expansions within the solar output upend market pricing patterns. Power generated by way of solar panels happens to be the cheapest source of electricity across numerous regions and tends to throttle down the price of wholesale power across peak solar output periods, thereby eroding margins when it comes to power producers. The phenomenon, which is called the renewables cannibali ..read more
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Maximizing Efficiency Is Key For Elevating Renewable Energy
Power Info Today Magazine
by Venkat L
2d ago
Bertrand Piccard, the explorer and environmentalist, has called for renewed focus when it comes to cutting energy waste, saying that it is hopeless to go ahead and shift to renewables sans enhancing efficiency. Almost three-quarters of the world’s energy happens to be wasted. Piccard happened to be on a panel on Powering the Digital Economy, which was moderated by CNBC. This estimate happens to be on waste because of inappropriate behavior as well as inefficient systems or infrastructure. Piccard, the founder and chairman of the environmental non-profit organization Solar Impulse Foundation, h ..read more
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Renewable Energy Deals For Irish Supply Chain Takes Shape
Power Info Today Magazine
by Venkat L
2d ago
Fresh renewables contracts as well as tender opportunities that can go on to benefit Irish supply chain companies have been unveiled by Ireland’s leading renewable energy developer and operator, SSE Renewables. The company, which happens to be progressing a pipeline of almost 1.5 GW of new onshore renewable energy developments throughout Ireland across wind, solar, and battery technologies, has gone ahead and hosted a virtual Meet the Buyer event on April 17, 2024, for businesses that are eager to learn more when it comes to its upcoming contracts as well as tender opportunities that are linke ..read more
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Hungarian City Pioneers Its Quest For Renewable Energy Use
Power Info Today Magazine
by Venkat L
2d ago
Szeged in Hungary happens to be harnessing the power of geothermal energy, as it offers numerous advantages in terms of a sustainable resource and, at the same time, also reduces demand when it comes to fossil fuels. It is well to be noted that the fight against climate change happens to be gaining momentum in Hungary. The European Union’s- EUs largest geothermal system is powering residential as well as commercial buildings across Szeged, which is based almost 160 kilometers from Budapest. Geothermal energy has been made use for centuries, but this renewable energy resource is gaining renewed ..read more
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Major Ownership Needs To Be Taken To Hit Renewable Targets
Power Info Today Magazine
by Venkat L
2d ago
The world has to ensure diverse supply chains and, at the same time, implement a framework in order to track the progress made with regards to tripling global renewable capacity by 2030, said EU’s Energy Commissioner Kadri Simson in Abu Dhabi on April 17, 2024. The International Renewable Energy Agency- IRENA goes on to bring together the nations of the world in Abu Dhabi for a yearly two-day convention of deal-making, technical exchanges, and planning. The EU happened to have two key messages for representatives in attendance, which were conveyed by Simson- the global COP28 pledge so as to tr ..read more
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US To Reimpose Duties On Imports of Inexpensive Solar Panels
Power Info Today Magazine
by Venkat L
2d ago
It is well worth noting that the Biden administration, in its response to a request by Hanwha Qcells, a South Korean solar cell manufacturer, is all set to reinstate tariffs on dominant bifacial solar panel technology, which is imported from China as well as other nations, by way of reversing a two-year-old trade waiver, Reuters said, citing insiders. Qcells’ plea, which happened to be presented to the US Trade Representative in February 2024, is said to be pointed at protecting the company’s USD-2.5 billion or EUR 2.35 billion US solar manufacturing expansion plan by way of cheaper Asia-made ..read more
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California – Renewables Supplying 100% of Energy Demand
Power Info Today Magazine
by Venkat L
3d ago
There is indeed no doubt that renewables are on the rise when it comes to the Golden State in the US. As of 2022, almost 36% of California’s electricity sales happen to come from renewable sources such as solar, wind, and geothermal energy, which is indeed quite a substantial increase from the previous decade, in which only 12% of the electricity sales would come from renewables. California has already gone on to commit to generating 100% of its electricity sales from carbon-free resources by 2045, which is indeed quite a critical milestone in the state’s combat against climate change. But in ..read more
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Acing Marine Power – The Final Renewable Energy Frontier
Power Info Today Magazine
by Venkat L
3d ago
It is well to be noted that for decades, scientists as well as engineers have looked to the vast oceans and dreamed of ways to extract a small fraction of that energy. In a scenario of climate awareness as well as anxiety, finding ways to do that happens to be finally getting more attention. The Ocean Climate Action Plan from the Biden administration goes on to reveal how the ocean holds significant potential for renewable energy, both in terms of offshore wind power and less-explored sources like waves, tides, and currents. Even chillier waters that happen to be deep below tropical seas could ..read more
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Wind Power Capacity Continues To Grow Across The Globe
Power Info Today Magazine
by Venkat L
3d ago
2023 happened to be the best year on record when it came to new wind energy installations. The world went on to install 116 gigawatts of new wind power capacity in 2023, as per the latest Global Wind Report coming from the industry trade association, the Global Wind Energy Council- GWEC. That happens to be a 50% surge from 2022, thereby making it the best year on record when it comes to new wind projects. China happened to lead both in case of offshore and onshore wind installations, which were followed by the US, Brazil, and Germany. Thanks to the robust progress in the Netherlands, Europe al ..read more
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Electricity: reservations taken
Power Info Today Magazine
by Venkat L
5d ago
Securing sufficient electricity from the UK grid is becoming more difficult for project developers. Fortunately, there is a forward-thinking and practical solution, says Tanara Motta De Castro, Business Developer at Vattenfall. It turns out that poolside loungers are not the only thing you can reserve with a bit of forward thinking. Electricity is also reservable – it just takes a bit more than getting up early and staking your claim with a towel! In an era of surging demand, ‘capacity reservation’ provides a unique way to secure power without being charged for it all up-front, which will be i ..read more
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