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Renewables Competitiveness Accelerates, Despite Cost Inflation
The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity. Renewable Power Generation Costs in 2022,…
ELECTRIC POWER DISTRIBUTION OF SERBIA – CHALLENGES OF CONNECTING PROSUMERS TO THE POWER GRID
Since the Law on the Use of Renewable Energy Sources in Serbia was adopted in April 2021, there has been a strong interest in installing solar panels. An increasing number of citizens and companies use the opportunity to produce electricity…
Renewable power on course to shatter more records as countries around the world speed up deployment
Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of solar PV and wind power, according to the latest…
Manufacturing plans for key clean energy technologies are expanding rapidly as investment momentum builds
Announcements of new manufacturing projects for several essential technologies for the clean energy transition – including solar PV, batteries and electrolysers – have accelerated in recent months, highlighting the growing global momentum behind the new energy economy, according to IEA…
ABB and Hydrogen Optimized Expand Hydrogen Partnership, Including a Strategic Investment
ABB and Hydrogen Optimized Inc. (HOI), the Canadian technology innovator unlocking green hydrogen production at scale, have signed an agreement to expand the companies’ existing strategic relationship. This includes an investment by ABB into Key DH Technologies Inc. (KEY), the…
Albania Launches First Tender for Wind Power
Albania has launched its first tender for utility-scale onshore wind power plants. Individual projects with a capacity of between 10 MW and 75 MW can apply. Several projects will be chosen; total tendered capacity equals 100 MW and this may…
Statkraft Chooses ABB Synchronous Condensers to Help the UK National Grid Meet Its Zero-Carbon Targets
The project in Liverpool combines ABB synchronous condensers with flywheels to help stabilize the power grid as renewable energy replaces large fossil-fueled rotating power plants. ABB has been awarded a major turnkey contract by Statkraft, Europe’s largest generator of renewable…