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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

The IEA’s Electricity 2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. The update finds that world demand for electricity grew by 2.2% Nuclear power generation also is expected to reach an all-time high, with growth averaging close to 3% per year.

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ReNew Power acquires 359 MWs of hydro, solar projects in India

Renewable Energy World

ReNew Power in India is acquiring two assets with a combined enterprise value of INR28.5 ReNew will acquire L&T Uttaranchal Hydropower Ltd., which owns the 99-MW Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development Ltd., ReNew will acquire L&T Uttaranchal Hydropower Ltd., billion to 4.0

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New York?s Energy Transition (and Challenges) in 5 Charts

GreenTechMedia

Grid operators around the world are unusually busy these days, but few have quite as much on their minds as NYISO, the independent system operator that manages New York state's bulk power system and wholesale energy market. percent in 2018, and hitting 100 percent zero-carbon emissions by 2040. Source: NYISO. Source: NYISO.

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EC chooses Orbital Marine Power to lead FORWARD-2030 tidal energy project

Renewable Energy World

Orbital Marine Power announces it will lead a pan-European consortium to deliver the €26.7 million) FORWARD-2030 project, set up to accelerate the commercial deployment of floating tidal energy. million (US$31.5 The FORWARD-2030 project consortium will receive €20.5 million (US$24.2 The FORWARD-2030 project consortium will receive €20.5

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More wind and solar capacity could save some of the world’s most important rivers

Renewable Energy World

The proportion of global power generation represented by VRE, such as wind and solar power, has been rising rapidly since 2007. Renewables will become the largest source of electricity generation in 2025. Existing hydropower plants can also help with this large ramp up power.

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Inflation Reduction Act Activation Guide: Renewable Energy Procurement

EDF + Business

Decreased Renewables Cost: Levelized Cost of Electricity (LCOE) to project sponsors is expected to decrease by 40-60%, which will likely result in cost reductions for commercial electricity users. Notes: PTC stands for Production Tax Credit. ITC stands for investment tax credit. Sources: Deloitte Analysis, H.R.5376

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Avangrid Withdraws Guidance on Coronavirus, Vineyard Wind Uncertainty

GreenTechMedia

gigawatt onshore wind power fleet. wind power producer behind Berkshire Hathaway Energy and NextEra Energy, according to the American Wind Energy Association. Vineyard Wind’s next major offshore wind project, the 804-megawatt Park City project, is expected to be built by 2025. offshore wind farms.