October 22, 2024Global Competitiveness of Renewable LCOE Continues to Accelerate

Europe
Global Competitiveness of Renewable LCOE Continues to Accelerate

For solar photovoltaic energy, the LCOE of fixed-axis systems averages $66/MWh globally, with a wide range from $28/MWh to $117/MWh, reflecting the influence of geography, technological advancements, and regional market conditions. Single-axis tracking photovoltaic systems perform slightly better, with an average of $60/MWh and a range from $31/MWh to $103/MWh, reinforcing their growing role in utility-scale projects.

October 21, 2024The Greek photovoltaic sector demands 8 GW of storage to mitigate energy curtailment.

Greece
The Greek photovoltaic sector demands 8 GW of storage to mitigate energy curtailment.

HELAPCO, the Hellenic Association of Photovoltaic Companies, states that curtailments are expected to reach 1 TWh in 2024, representing 3.5% of total renewable energy production. They emphasize that between 7.5 GW and 8 GW of storage capacity is needed to address this issue. Additionally, they project surpassing the 2030 photovoltaic target of 13.5 GW and reaching 20 GW of installed capacity.

October 17, 20242.8 GW of renewable energy projects advance in environmental processing in the Italian market.

Italy
2.8 GW of renewable energy projects advance in environmental processing in the Italian market.

According to an analysis conducted by Energía Estratégica España, between September and the first weeks of October, 2,837.7 MW advanced in environmental processing from 34 projects. Of the total, 1,078.4 MW correspond to agrovoltaic energy and 1,005 MW to offshore wind energy, while the remainder is divided between onshore wind and photovoltaic energy.

October 14, 20243E projects growth in photovoltaics, energy storage, and international markets by 2025

Spain
3E projects growth in photovoltaics, energy storage, and international markets by 2025

3E is betting on photovoltaic projects, hybridization with wind, and standalone storage, driven by the recent construction permits in Spain. Additionally, the company plans to expand internationally, with particular interest in Latin America and new technologies such as green hydrogen, although the latter still requires technical and economic advancements.

October 22, 2024Global Competitiveness of Renewable LCOE Continues to Accelerate

Europe
Global Competitiveness of Renewable LCOE Continues to Accelerate

For solar photovoltaic energy, the LCOE of fixed-axis systems averages $66/MWh globally, with a wide range from $28/MWh to $117/MWh, reflecting the influence of geography, technological advancements, and regional market conditions. Single-axis tracking photovoltaic systems perform slightly better, with an average of $60/MWh and a range from $31/MWh to $103/MWh, reinforcing their growing role in utility-scale projects.

October 21, 2024The Greek photovoltaic sector demands 8 GW of storage to mitigate energy curtailment.

Greece
The Greek photovoltaic sector demands 8 GW of storage to mitigate energy curtailment.

HELAPCO, the Hellenic Association of Photovoltaic Companies, states that curtailments are expected to reach 1 TWh in 2024, representing 3.5% of total renewable energy production. They emphasize that between 7.5 GW and 8 GW of storage capacity is needed to address this issue. Additionally, they project surpassing the 2030 photovoltaic target of 13.5 GW and reaching 20 GW of installed capacity.

October 17, 20242.8 GW of renewable energy projects advance in environmental processing in the Italian market.

Italy
2.8 GW of renewable energy projects advance in environmental processing in the Italian market.

According to an analysis conducted by Energía Estratégica España, between September and the first weeks of October, 2,837.7 MW advanced in environmental processing from 34 projects. Of the total, 1,078.4 MW correspond to agrovoltaic energy and 1,005 MW to offshore wind energy, while the remainder is divided between onshore wind and photovoltaic energy.

October 14, 20243E projects growth in photovoltaics, energy storage, and international markets by 2025

Spain
3E projects growth in photovoltaics, energy storage, and international markets by 2025

3E is betting on photovoltaic projects, hybridization with wind, and standalone storage, driven by the recent construction permits in Spain. Additionally, the company plans to expand internationally, with particular interest in Latin America and new technologies such as green hydrogen, although the latter still requires technical and economic advancements.

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