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Immediate Actions Needed to Unblock Grid Capacity for More Wind Energy
The EU wants to increase its wind energy capacity from 220 GW today to 425 GW by 2030 and 1,300 GW by 2050. Wind is key to energy security, affordable electricity and industrial competitiveness. In its recent revision of the…
First-Ever Global Renewables Summit Announced to Drive Action to Triple Renewable Power by 2030
The Global Renewables Alliance (GRA) and Bloomberg Philanthropies, in partnership with the governments of Barbados and Kenya, the European Commission, the COP28 and COP29 Presidencies, the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), Sustainable Energy for All…
Negative Bidding Continues to Burden Offshore Wind Development
Germany and the Netherlands have recently issued the results of their latest offshore wind auction. They awarded a total capacity of 6.5 GW. That’s good for Europe’s energy transition. But the auction design in both countries included negative bidding. This…
First Net-Zero Academy to Train 100,000 Workers in the EU Solar Photovoltaic Value Chain
The Commission has launched the European Solar Academy, the first in a series of EU Academies to be set up under the Net-Zero Industry Act (NZIA) to have in place the necessary skills along the net-zero technologies value chains. The…
Renewables and Grid Flexibility Would Slash Electricity Prices by a Quarter by 2030, by a Third by 2040
Boosting renewables, electrification and flexibility would structurally ease electricity costs for consumers, increase European competitiveness, and reinforce the business case for solar. New modelling shows that electrification and flexibility can slash average day-ahead energy prices by 25 per cent by…
Global Solar Installations Almost Double in 2023 But Leaves Emerging Economies in the Dark
2023’s new solar installations would cover more than half of India’s annual electricity needs or more than Brazil’s entire consumption. Compared to Europe, the annual installations would exceed the total yearly electricity consumption of Sweden, Netherlands, Belgium, Finland, Czechia, Austria,…
French Auction Results are not the new Benchmark for Floating Wind in Europe
Last month France published the results of its 250 MW floating offshore wind auction off South Brittany (AO5). The winning bid was awarded at 86 euros /MWh – a record-low for floating offshore wind. But Governments must not think this…