pv Europe’s Post

#Electrification and flexibility can slash #electricity_prices. 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% by 2030, and by 33% by 2040, compared to 2023. At the same time, the solar capture prices will be 71% greater in 2030 compared to the baseline, and 54% higher by 2040, supporting the sustainable growth of solar project developers. Beyond benefit for consumer and developer, electrifying and flexing the system means system-wide cost savings - €30 billion saved by 2030 per year, and €160 billion save by 2040 per year. Walburga Hemetsberger, CEO of SolarPower Europe said:  “It is time to take the next step in #energytransition. We need a flexibility revolution, surrounding renewables with grids, storage and electrification. The new political cycle is an opportunity to build the new #energy_transition agenda. We call on EU leaders to implement the existing electricity market regulation, set new targets for renewables and flexibility to 2040 and adopt an EU electrification action and investment plan as soon as possible.”  #pv #solarenergy #photovoltaics #solar https://lnkd.in/ebdvBNgz

In order to maximize solar PV integration, IRENA emphasizes the potential of smart electrification. There are several electrification solutions that are ready for commercialization, supported by creative businesses. Accelerating the global energy transition is essential if we want to meet our climate goals and transition to a carbon-free future by 2050. Renewable energy has advanced thanks to innovation, but demand-side issues also require attention. With increased solar PV integration and smart electrification, energy consumption may be reshaped to promote sustainability and resilience. The paper examines these advantages and possibilities, concentrating on how solar PV integration is altering several end-use industries. https://lnkd.in/eWTuDg2i #SmartElectrification #SolarPVIntegration #IRENA #RenewableEnergy #Innovation #ClimateGoals #CarbonNeutralFuture #EnergyTransition #Sustainability #ResilientEnergySystem

🌍💡Achieving net zero emissions by 2050 necessitates a rapid shift to renewable energy. Solar energy is now growing faster than any other electricity source, driven by Big Tech’s demand for clean energy to power data centers. 🌍⚡Forecasted to make up 58% of new electricity generation in the U.S. in 2024, solar is set to outpace natural gas significantly. While the renewable energy sector faces challenges in grid connection and transmission line build-out, the economic case for solar is stronger than ever, especially with cheaper batteries and supportive policies like the IRA 2022. This marks a pivotal moment in the energy transition towards a sustainable future. Read more in the link below: https://lnkd.in/eTz86ZFW #RenewableEnergy #SolarPower #BigTech #CleanEnergy #Sustainability #EnergyTransition

The rapid improvement of solar power and battery storage is transforming the energy sector and creating new opportunities for innovation and sustainability. As these technologies become more accessible and affordable, they can help accelerate the global shift to a cleaner and greener future. https://lnkd.in/g2utHGCj Elevate Renewables™ is actively developing a pipeline of utility-scale energy storage projects which are co-located at existing power generation facilities owned by Arclight Capital Partners throughout the US. Elevate is also active in energy markets throughout the US where the rapid growth of intermittent renewable energy, such as solar, wind and offshore wind, has created a need for flexible, dispatchable renewable energy which can uniquely be met by utility scale battery storage. We are focused on enhancing the resiliency, reliability, and efficiency of the nation’s aging and overtaxed power grids in a way that benefits the planet, our stakeholders, and the broader communities in which these facilities currently operate. For more information, visit: ElevateRenewableEnergy.com #renewableenergy #batterystorage #cleanenergy #BESS #decarbonization

As the world is moving fast #BeyondFossilFuels to renewables, solar energy leads the way 🌞 Germany, Spain, and Italy are among the top 10 solar energy generating countries in 2024. At the same time, the power sector warns that annual investment in local distribution networks needs to double to €67bn or risk derailing Europe's energy transition. Without it, integrating massive new renewable capacity like solar and wind will be impossible. https://lnkd.in/e2UFx-e8 #BeyondFossilFuels

⚡ Renewable energy now accounts for more than 30% of global electricity, with solar power leading this charge. A remarkable 10% annual growth rate in solar installations indicates a solid investment opportunity. This trend is not just promising; it’s a clear signal for investors to consider strengthening their focus on solar energy portfolios. https://lnkd.in/d9U97ude #RenewableEnergy #SolarPower #GreenInvesting #SustainableEnergy #CleanTech #EnergyTrends #InvestmentOpportunity

☀ Solar PV drives green energy revolution ☀ More good news today as research shows electricity generation from renewable sources has reached an all-time high, with 30% of all electricity generated worldwide in 2023 coming from renewable sources. Key findings include: ✔ Solar PV technology is the major driver behind the growth in renewable energy. ✔ An increase in green technologies is expected to produce a 2% decrease in fossil emissions in 2024. ✔ Decrease in fossil fuel use marked as ‘a major turning point in the history of energy’. Read the full article via the link below or contact Eltom to see how we can support your transition to solar electricity generation. https://rb.gy/v1yg8b #sustainability #energyefficient #greenenergy #solarpanel #solarsystem #solarenergy #renewableenergy #solarpower

The International Renewable Energy Agency (IRENA) talks about how smart electrification could promote the integration of solar PV. Commercial application of numerous cutting-edge electrification options is already possible, assisting the worldwide move towards a carbon-neutral future. Even though solar and wind energy have improved energy supply, attention should also be paid to demand. Energy consumption can be reshaped by embracing smart electrification and incorporating solar PV, creating a robust and sustainable energy system. The benefits and potential of smart electrification are examined in this essay, with a focus on how solar PV integration might alter several end-use industries. https://lnkd.in/eWTuDg2i #SmartElectrification #SolarPVIntegration #RenewableEnergy #Innovation #CarbonNeutralFuture #EnergyTransition #Sustainability #ResilientEnergySystem #ClimateGoals

DNV's Energy Transition Outlook forcasts a 13-fold growth within solar by 2050, compared to 2022 levels. While it is estimated that Europe will account for 28% of the installed capacity, a significant portion of this will most likely be located in sunny southern Europe. However, what the future of solar look like in the #Nordics? Deputy director and senior principal researcher on DNV's Energy Transition Outlook, Mats Rinaldo, has written a blog exploring exactly this. Will the sun rise on solar in the Nordics? And which Nordic countries may be ones to take the lead? Take a look > https://dnv.social/4Or In our upcoming hydrid 'Financing the energy transition' series webinar on 13 February, we will explore the staggering growth within solar PV and whether the success of this technology can be expanded to the Nordics. Join us in person in Oslo or via live stream by signing up here > https://dnv.social/4Os #energytransition #solarPV #solar

"The rapid improvement of solar power and battery storage is transforming the energy sector and creating new opportunities for innovation and sustainability. As these technologies become more accessible and affordable, they can help accelerate the global shift to a cleaner and greener future." https://lnkd.in/gebh7ens Elevate Renewables™ is actively developing a pipeline of utility-scale energy storage projects which are co-located at existing power generation facilities owned by Arclight Capital Partners throughout the US. Elevate is also active in energy markets throughout the US where the rapid growth of intermittent renewable energy, such as solar, wind and offshore wind, has created a need for flexible, dispatchable renewable energy which can uniquely be met by utility scale battery storage. We are focused on enhancing the resiliency, reliability, and efficiency of the nation’s aging and overtaxed power grids in a way that benefits the planet, our stakeholders, and the broader communities in which these facilities currently operate. For more information, visit: ElevateRenewableEnergy.com #renewableenergy #batterystorage #cleanenergy #BESS #decarbonization