SolarQuarter Global’s Post

Albania has made a considerable stride in Renewable Energy by awarding 283.9 MW of solar capacity through a highly competitive auction. With bids far exceeding expectations, the lowest offer came in at an impressive EUR 39.7 per MWh, well below the initial cap. This auction, part of Albania's plan to add 1 GW of photovoltaic capacity, illustrates the country's commitment to sustainable growth and Energy diversification. 🌞⚡ The awarded projects, spread across the country, are set to strengthen the national grid and optimise Albania’s solar potential. 📈 To learn more about this, click the link in the comments below! ⬇️ #RenewableEnergy #SolarPower #AlbaniaGreenEnergy #SustainableGrowth #EnergyInnovation #CleanEnergy #GreenFuture #SolarEnergy #EcoFriendly #Renewables #EnergyTransition

Global renewable energy capacity has grown by 415% since 2000, increasing from 0.8 to 3.9 TW. China alone has contributed 1.4 TW, surpassing the combined capacity growth of Africa, Europe, and North America. Many large and wealth regions, such as Europe and the United States, have displayed below-average annual growth in renewable capacity. Using the latest data release from the International Renewable Energy Agency (IRENA), Decarbonization Channel and the National Public Utilities Council created this chart to depict different regions’ contributions to the growth of renewable energy capacity since 2000. To find out more, visit the link below. https://lnkd.in/gtP9ZZ84 #RenewableEnergy #EnergyTransition #Sustainability

Exciting updates from AES Chile! 🌞🔋 They're making bold strides in energy storage, growing our capacity to revolutionize how we deliver renewable energy to our customers. In addition to the 362 MW of Battery Storage Systems in operation today at our plants in the Antofagasta and Metropolitan regions of Chile, we are enthusiastic to be adding 892 MW by the end of 2027, with 89 MW coming online this year and an additional 171 MW in 2025. AES Chile CEO, Javier Dib, emphasized, “We were pioneers in energy storage systems in the country and today we have the largest portfolio in Latin America. We have always believed that batteries would play a fundamental role in the power system, and today they allow us to advance in the development and integration of renewable energy to increase the system's flexibility and stability." The future looks promising, after investing US$1.7 billion and adding 1.4 GW in wind, solar, and battery capacity over the past five years, we have another US$1.9 billion and 1.8GW coming online over the next few years in Chile. By 2027 we will proudly operate at least 1.3GW in battery storage systems in Chile, leading the charge towards a sustainable future, energizing customers, and fortifying the National Electric System. Stay tuned as AES powers the pathway to a greener tomorrow! 🌱💡 #RenewableEnergy #Sustainability #Innovation #EnergyStorage #AESChile #GreenTech #CleanEnergyFuture

#Spain Accelerates #Photovoltaic Deployment, Approving 25GW Capacity! The Spanish Ministry of Ecological Transition (#MITECO) has recently made a significant announcement, officially green-lighting the construction of approximately 25GW of #solar photovoltaic capacity within the country's borders. This milestone signifies a robust advancement for Spain in the realm of #renewableenergy. The total installed capacity of these approved solar photovoltaic projects amounts to 24,870MW, dispersed across 239 distinct initiatives. Notably, MITECO has granted administrative construction authorizations (#AACs) for a comprehensive total of 283 renewable energy generation projects, with solar projects dominating the contracted capacity, accounting for an impressive 90% share. By the close of 2023, Spain's installed photovoltaic capacity is projected to surpass the 25.5GW mark. Nevertheless, to meet the ambitious targets outlined in the National Energy and Climate Plan (#NECP), an additional 50GW of installed capacity will be imperative in the coming years. ☀ #solar #energy #RenewableEnergy #SolarEnergy #Innovation #newenergy #solarpv #technology #solarenergy #renewableenergy #greenenergy

In a significant step towards adopting renewable energies, the Dominican Government has granted a concession to the Santa Clara Energy Group for its Photovoltaic Installation project. ☀️ 🌱 With a nominal capacity of 67.70 MWn and a peak capacity of 84 MWp, this installation, located in Santa Cruz, Santo Domingo province, will not only increase the country's energy generation capacity but also contribute to diversifying its energy matrix towards renewable sources. 🇩🇴 ⚡ Click the link below to read the entire news and learn more about this transformative development in the Dominican Republic's energy sector. ⬇️ #RenewableEnergy #CleanEnergy #SolarPower #EnergyTransition #Sustainability #DominicanRepublic #GreenTech #EnergyInnovation

Westbridge Renewable Energy Corp. Expands into Europe, Unveils Two Solar Projects in Italy with Combined 62MW Capacity Westbridge Renewable Energy Corp., a leading renewable energy company, has unveiled its latest expansion move with the origination of two new solar projects in Europe. The projects, named the Gierre Solare Project and the NM Solare Project, are situated in Lazio, Italy, and mark a significant step in the company’s growing portfolio. The Gierre Solare Project is projected to have a capacity of 32MW Solar PV, while the NM Solare Project is expected to have a capacity of 30MW. Both projects have already secured land and grid access, completed feasibility studies, and have planning applications in progress. Stefano Romanin, Director […] Read the full story here: https://lnkd.in/dZEm9Wfu #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #europe #gierresolarproject #italy #nmsolarproject #solarprojects #westbridgerenewableenergy

BNEF estimates $1 trillion per year investment to triple renewable energy capacity 🌍⚡ TL;DR: BloombergNEF (BNEF) has revealed that to triple global renewable energy capacity by 2030, a staggering investment of $1 trillion annually is essential. Current funding rates are falling short of ambitious targets, particularly in battery storage and grid infrastructure. Highlights • $1 trillion investment required yearly to achieve 10.3 terawatts by 2030 • Just 13% of the needed capacity increase is on track currently • China leads the charge with $130 billion in renewable investments in early 2024 • Focus on enhancing investment in wind energy and grid modernization #RenewableEnergy #CleanTech #SustainableInvestment #EnergyTransition #ClimateAction Article Source https://lnkd.in/gErbpemu

Check out how General Atlantic is making waves in the renewable energy sector with its latest acquisition of Actis, a sustainable infrastructure investment firm. With plans to take over major solar and wind projects in Romania and Bulgaria, including a potential 10 GW solar power plant in Romania, Rezolv Energy is also playing a key role in the renewable energy market. As these companies join forces, we can expect to see more strategic investments driving us towards a more sustainable future. #RenewableEnergy #SustainableFuture 🌿🔋 https://lnkd.in/ebF-bPxd #SolarPower #RenewableEnergy #GreenTech #SustainableLiving #EcoFriendlyInnovation

#DidYouKnow The Philippine Energy Transition Plan (PETP) constitutes an important component of the Philippine Energy Plan 2023 to 2050. This strategic blueprint outlines precise strategies and operational approaches designed to facilitate the decarbonization of the Philippines' energy system, aligning with the objectives for transitioning to renewable energy sources. Following the government's commitment to transitioning towards more sustainable energy sources, the upcoming floating solar project in Laguna Lake is anticipated to make a significant contribution towards achieving the country's renewable energy targets. This solar on-water project is designed with a substantial capacity of 1.3 GW and is projected to power approximately 82,500 homes. This clean energy initiative is also expected to offset an estimated 1.4 million tons of carbon dioxide emissions annually. #SunAsia #RenewableEnergy #SolarOnWater #CleanEnergy

#Spain accelerates #photovoltaic layout, 25GW capacity approved! The Spanish Ministry of Ecological Transition (#MITECO) recently announced that it has officially approved the construction of nearly 25GW of solar photovoltaic capacity in Spain, marking a solid step forward for the country in the field of renewable energy. The total installed capacity of these approved #solar photovoltaic projects is 24,870MW, scattered across 239 different projects. It is worth noting that MITECO has issued administrative construction authorizations (#AACs) for a total of 283 renewable energy power generation projects, of which solar projects account for the vast majority of the contracted capacity, up to 90%. Spain's installed photovoltaic capacity is expected to exceed 25.5GW by the end of 2023. However, to achieve the goals set in the National Energy and Climate Plan (#NECP), another 50GW of installed capacity will be needed in the next few years. ☀ #solar #energy #RenewableEnergy #SolarEnergy #Innovation #newenergy #solarpv #technology #solarenergy #renewableenergy #greenenergy