Vattenfall and BASF have agreed the sale of 49 percent of Vattenfall’s Nordlicht 1 and 2 wind farms to BASF. The two companies are thus deepening their partnership in the field of renewable energy.   Nordlicht is already Vattenfall’s second major offshore wind project in which BASF is participating as a partner. In 2021, BASF acquired ..read more

The average capital costs of building photovoltaic power plants have fallen by more than 80% over the last decade, according to data from the International Renewable Energy Agency (IRENA). The global average cost of operating 1 kilowatt (kW) of photovoltaic panels has fallen from $5,124 in 2010 to $876 in 2022 (all values ??are in ..read more

A Chinese solar energy infrastructure company has signed an agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to build a photovoltaic production facility in Jeddah, the kingdom’s largest port city. In a statement released on Thursday, Arctech Solar Holding Co. Ltd said the new factory will span roughly 97,000 square meters ..read more

China is set to reach 5.5 TW of photovoltaic by 2050, according to forecasts by Norwegian risk-assessment specialist DNV in its latest report, “Energy Transition Outlook China 2024.” DNV forecasts that PV in China will account for 38% of electricity production by 2050, up from 5% today, and that more than a third of solar ..read more

Moroccan renewable energy agency Masen on Thursday launched a prequalification tender for a 400-megawatt wind farm in the north of the country. The tender for the wind farm, known as Nassim Nord, calls for developers to submit prequalification bids by June 24 to finance, build and operate the wind farm’s wind turbines. The project comprises ..read more

On 28 November the EU Commission launched an Action Plan for Grids – a 14-point plan to modernise Europe’s electricity grid and prepare for the renewables-based electrification of the energy system. It says €584bn of new investments are required by 2030 to upgrade Europe’s grids. Absolutely. And these investments can’t come soon enough. The current ..read more

This week Denmark opened an offshore wind tender which could award up to 10 GW. If successful, the awarded capacity would be enough to meet all of the country’s electricity demand. It could also be used to produce renewable hydrogen and other green fuels. It remains to be seen whether the auction design will attract ..read more

By commissioning these photovoltaic projects, EDPR is progressing in its strategy of electrification through renewables and contributing to value creation by reducing emissions and offering more competitive energy prices; With a joint generation of over 37 GWh of clean energy annually, Berkelland and Drachten were developed through Kronos Solar EDPR. EDP Renewables (EDPR), global leader ..read more

The American Clean Power Association (ACP) released the following statement from CEO Jason Grumet after the White House and the U.S. Department of Energy announced several new measures to deploy and expand high-voltage transmission: “Today’s announcements reinforce the urgent need to expand and strengthen our nation’s electric grid. Our nation’s economic, security, and climate goals all hinge ..read more

This ‘dark green’ energy efficiency fund, advised by Solas Capital AG, agrees with Capital Energy to financially support the development of C&I self-consumption facilities in the Iberian Peninsula. This alliance will allow Capital Energy to offer an easily accessible solution to its commercial and industrial customers in Spain and Portugal through power purchase agreements (PPA ..read more