PPC Renewables has agreed to acquire the 629 MW renewable energy portfolio in Romania owned by Macquarie Asset Management.
Argentina's Secretariat of Energy has said that the country has recently added 65.1 MW of new renewable energy capacity to its electrical grid network.
The Italian grid operator Terna has announced that national electricity generation from renewable sources made up 43.8 per cent of all energy demand in the first half of 2024, a historic record on a half-year basis.
This may at first glance make the outlook for the UK’s energy transition appear gloomy. However, the challenge posed by intermittency can be managed and the result of the UK’s heavy investment in wind power has been matched by efforts to upgrade its power network.
By Steven Hardman, CEO, Conrad Energy
Montel Analytics has reported that solar generation in the UK achieved its highest level ever for any quarter since Covid lockdown in 2020, increasing from 4.90TWh in Q2 2023 to 5.10TWh in Q2 2024.
With geopolitical tensions, more extreme weather events and the legacy of a global pandemic still filling the air, it remains extremely difficult for energy suppliers to preserve their margins and continue to be competitive. To thrive in the current climate, it is imperative that an energy supplier can make marginal gains wherever they can. One way to ensure this is to weave agility into the very fabric of the organisation.
By John Craig Swartz, SVP of Risk360 at POWWR
Renewable electricity accounted for 65 per cent of Germany’s electricity supply in the first half of 2024, at 140 TWh, according to data from the Fraunhofer Institute for Solar Energy Systems.
According to a report from Moody’s Ratings, “India will require $190-$215 billion of investment over the next seven years to achieve the target of 500 GW of renewable energy capacity by 2030.”
Researchers at MIT in Massachusetts, USA, have developed what they claim is a means of storing electricity inside modified concrete.
Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources, said that the country had broken records for solar and wind power generation in April.