Renewables First Ltd’s Post

Did you know? Renewable energy is produced using natural resources which can be replenished. There are many natural sources of energy and renewable energy types. 💧Hydro-power is one of the oldest 🌞 Solar is one of the most well-known 🌬 Wind power is the most widespread In addition to the iconic Snowy Scheme, Snowy Hydro has Power Purchase Agreements (PPA) with renewable energy wind and solar generators. A PPA is generally an agreement between a generator, such as a wind/solar farm (seller) and a customer (buyer). 📍Island Bend, NSW #snowyhydro #snowyscheme #renewableenergy #renewables #energy #hydropower #wind #solar #generation #power

An estimated 507 gigawatts of renewable electricity were added to grids around the world in 2023 — a new record, and an almost 50 percent year-over-year increase from 2022. That’s the fastest growth rate renewable additions have seen in over two decades. The International Energy Agency (IEA) projects that solar and wind together are set to overtake hydropower this year, and to surpass coal as the largest source of electricity globally by 2025. By 2028, renewables are expected to account for over 40 percent of global electricity. #cleanenergy #renewableenergy #solarpower #hydropower #windpower

This comes right on the heels of IEA's *unprecedented* forecast for a decline in global coal demand in the next three years. We have the winds on our backs (literally!) w/ the fastest clean energy growth in two decades, led by China. Landing this transition isn't inevitable, however, and will require (among other things): - A paradigm shift in how power plants & services worldwide are planned for, operated, compensated, and retired. - Policy, regulation, and financing work in unison to create a virtuous cycle that brings in the scale and quality of capital needed, esp. in emerging economies - Strong alignment with economic development and opportunity, and support for people affected by the transition We talk more about this here - https://lnkd.in/e45cVf68

The energy transition is all systems go! Its not just putting solar on your rooftop though. Get intouch to plan for realistic, cost effective energy transition services and solutions.

Rapid Growth in Renewable Energy: A Strong Surge Ahead Here is how renewable energy sources, like solar, wind, and hydropower, will grow rapidly over the next five years (2023-2028). It also compares past growth in renewable energy capacity with future predictions. Historically, renewable energy capacity has increased steadily from 2005 to 2022. The graph predicts even larger growth from 2023 to 2028, with two cases: (a) The main case and (b) The accelerated case. (a) In the main case, renewable capacity will continue to grow substantially. (b) In the accelerated case, growth is even more rapid, with more renewable capacity added than ever before. Solar PV is expected to be the largest contributor, followed by wind energy (onshore and offshore), and hydropower. This strong growth indicates a major global shift toward clean energy in the near future. Renewables are set to expand faster than ever, with solar leading the charge in the next 5 years. Let's come together to expand our horizon for a greener and cleaner environment. #Energy #Sustainable #Solar #Wind #Greener #Cleaner #Renewable #Environment

LAST WEEK IN RENEWABLES 😎 🌬 🌊 🔋 ⚡ Last week saw significant advancements in the renewable energy sector, particularly in solar, hydropower, and grid technologies. Key developments include new large-scale projects, breakthroughs in solar efficiency, increased global investment, and innovative grid management systems. These trends highlight the growing momentum in renewable energy adoption and the ongoing efforts to integrate these sources more effectively into the global energy grid. #RenewableEnergy #SolarPower #Hydropower #GridTechnology #Sustainability #CleanEnergy #Innovation #GlobalEnergy #SmartGrid #EnergyEfficiency

Tripling Renewables by 2030 Requires a Minimum of 16.4% Annual Growth Rate The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing source of power, the world will now have to grow renewables capacity at a minimum 16.4% rate annually through 2030. https://lnkd.in/g6xrUZcW #netzero

INDUSTRY NEWS: New Report Forecasts Global Wind Power Production Consulting firm EOLTECH recently published the results of a study focused on evaluating wind resource variations over the past 15 years, revealing that global wind power production demonstrates a high level of predictability. According to the findings, wind power production worldwide experiences annual variations that remain within a range of ± 3%. These conclusions are drawn from the Interstate Renewable Energy Council index, which encompasses 80% of the onshore wind farms installed globally by 2023. Read more via Energy Capital & Power: https://lnkd.in/dd7pttUH #windenergy #leadingwithwind #sawea #windreport

Pattern Energy Group LP has signed a 30-year PPA with Hydro Québec for the 150 MW Broughton Wind project in Québec. At a total cost of $500 million, the Broughton wind project is located in the municipalities of Saint-Pierre-de-Broughton, Sacré-Coeur-de-Jésus and Thetford Mines, and was developed as a 50:50 joint venture partnership between Pattern Energy and a coalition of community and First Nations partners: the MRC des Appalaches, MRC de l’ Érable, Conseil des Abenakis d’Odanak, and Conseil des Abénakis de Wôlinak. “We are proud to collaborate with Hydro-Québec on this exciting new renewable energy project,” said Hunter Armistead, CEO of Pattern Energy. “With 11 facilities and counting, Pattern is leading Canada’s renewable energy industry, building new ties with our Indigenous partners and supporting local communities. Broughton Wind is just another example of our commitment to Quebec and Canada as we help power half a million Canadian homes.” Broughton Wind is anticipated to begin construction in 2028 and reach commercial operation in 2029. Once online, the wind project will double Pattern Energy’s capacity in Québec. Pattern Energy currently operates 1,980 MW of installed wind capacity in Canada. #cleanenergy

Australia is building more renewables than ever. It’s still not enough Australia’s renewable energy transition has reached record speed this year, with more wind, solar and battery projects either being built or in their final stages of testing before delivering power to the grid than in any year. But the clean energy building blitz is still falling short of the pace required for Australia to remain within striking distance of the Albanese government’s targets to double the share of renewable energy in the grid from 40 per cent to 82 per cent by 2030. “There is a real risk that replacement generation, storage and transmission may not be available in time when coal plants retire,” Australian Energy Market Operator (AEMO) chief Daniel Westerman said earlier this year. What needs to change to accelerate the pace of the transition? #renewables #renewableenergy #energy #solar #battery #energystorage