Medina Litja’s Post

Spanish storage investment to ease oversupply of renewables  https://lnkd.in/dGc4Aaku  Spanish renewable capacity is set to rise drastically between 2024 to 2050. In times of surplus supply and low demand frequent negative prices have occurred, raising investor concerns. Spain is investing €160 million in energy storage to stabilize and sustain renewable growth.  #ICIS #energy #Spain #renewables #storage #investment #growth  30-Jul-2024 

Spanish storage investment to ease oversupply of renewables    Spanish renewable capacity is set to rise drastically between 2024 to 2050. In times of surplus supply and low demand frequent negative prices have occurred, raising investor concerns. Spain is investing €160 million in energy storage to stabilize and sustain renewable growth.  #ICIS #energy #Spain #renewables #storage #investment #growth  30-Jul-2024 

💼Trends in 2023 in Bulgaria and SEE show international and local investors are exploring solar assets selectively, seeking the right location, terrain, and grid connections, Rositsa Chopeva, Managing Partner at financial advisory company xFigureFinance, told SeeNext. Wind projects are gaining traction, requiring experienced teams and market understanding and looking ahead, the SEE region's untapped renewable energy potential is set to draw more investor interest. Learn more about the company's expertise in various areas of renewable energy project financing in SeeNext's latest report on the renewable energy industry in Bulgaria. Download your free copy here: https://lnkd.in/dJudvBWk #RenewableEnergy #Financing #InvestmentOpportunities

Fancy a bit of #TravelTuesday? Well, you’re in luck! This Tuesday, we’re travelling to Finland. 🛩 🇫🇮 Fotowatio Renewable Ventures (FRV) has announced its entry into the Finnish photovoltaic (PV) market with local operator Will & Must. Both parties have established a framework development agreement with the objective of developing 600 MW of PV projects up to the ‘ready-to-build’ phase. FRV’s arrival in Finland marks the company’s first foray into a Nordic country, which in this case coincides with Will & Must’s plans to reach 1000 ha. of land dedicated to solar ready for deployment by 2027. The 600 MW figure, meanwhile, corresponds to a pipeline of several projects at different stages of planning, which are expected to enter the ‘ready-to-build’ phase between 2024 and 2026. Read the rest of this press release here: https://lnkd.in/ez7xwqq3 Keep up to date with every regional development by registering for a free trial of Energy Global here: https://bit.ly/3NwDhus #traveltuesday  #EG #renewables #energy #sustainable #solar #Finland

Renewables accounted for 86% of capacity additions; however, this growth is unevenly distributed across the world, indicating a trend far from the tripling renewable power target by 2030. https://lnkd.in/evyHA9C2

Spain's Iberdrola is pivoting its focus toward grid investments over renewables, leveraging its position as Europe's leading utility. With substantial cash reserves from strategic asset sales, it plans substantial investments in grid expansion and upgrades, eyeing the most promising returns in the U.S., Britain, and Brazil. This shift comes amid rising costs and lower profitability in the renewable sector, contrasting with the more predictable income from grids. The strategic update underscores a broader industry trend of utilities reevaluating the balance between renewable energy investments and grid modernization. #seetehopportunityineverydifficulty #renewables #utiltites #modernization #resiliancy https://lnkd.in/ez_kSBA6

"Europe has witnessed a monumental surge in renewable investment, surpassing €100 billion in 2023 alone. In his keynote, Richard Howard, Global Research Director of Aurora Energy Research, talked about the increasingly global nature of these investments, emphasising the need for competitive and transparent markets to attract overseas capital. Despite recent rises in CAPEX, long-term trends indicate remarkable declines in costs for photovoltaic (PV) and battery technologies. As for the avoided carbon from investments in renewables, financiers are increasingly looking to quantify as Europe advances towards its decarbonisation goals. The Marginal Avoided Carbon (MAC) of renewables is projected to halve by 2030 in Great Britain as the power system decarbonises. Site-specific factors play a crucial role in influencing MAC, with renewables ideally located in areas uncorrelated with existing fleets to maximise lifetime carbon savings. Solar PV emerges as a frontrunner in MAC compared to wind energy, with location further impacting MAC rates." https://lnkd.in/e9EyAUYU

This makes a lot of sense and I wouldn't be surprised to see more organizations follow suit. In many ways the grid is the next big challenge to be met in the energy ecosystem, along with the ever-present need for efficient, effective scaled storage and the flexibility it can provide.

Rise In Renewables In Europe Can Curb Up to 67% Emissions: Report A recent event by Wood Mackenzie shared an analysis on the current growth in Europe’s flexible renewable energy. Peter Osbaldstone #renewablepower

Investment in Australia’s renewable energy sector is more than 10 times lower than where it should be to reach 2030 targets, according to the Clean Energy Council calculations. Australia’s “sluggish” large-scale segment is the result of a confluence of issues, and illustrates the urgent need for the federal government’s newly supercharged Capacity Investment Scheme. #renewables #solar #technology