This data on imbalance charges in the European energy markets is sourced from the report “Challenges in Forecasting and Scheduling of Solar power plants after stringent and frequent changes in CERC (Deviation Settlement Mechanism) regulations” published by Sustainable Projects Developers Association. France, Slovakia, Hungary, Lithuania, Serbia and Monaco are exempted from paying imbalance charges.
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Europe’s energy landscape is at a crossroads. Renewable energy saw significant growth, accounting for 34% of power generation in 2024. Early 2024 marked some of the lowest energy prices since 2021, thanks to a strong renewable supply and nuclear recovery in France. Inflexible generation kept EU summer electricity prices low, causing more negative price events, increasing by 50% in 2024.
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Electrification and energy efficiency are key to reducing the size of the overall energy “pie” and to cost containment. Fuels play a strategic role in the transition, with a shift toward clean fuel alternatives toward 2050. All scenarios indicate a need to build infrastructure in Oregon. Tech loads are the biggest driver of electricity demand growth but are also uncertain in when and where they could emerge
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The Republic of Moldova is importing almost 100% of fossil energy resources (gas, gasoline, diesel, LPG,…) and about 70% of its electricity demands. To transition towards a carbon-neutral future, the Republic of Moldova should untap its renewable energy potential and invest in renewable energy infrastructure. Over the past years, the Republic of Moldova has shown strong political will to implement energy market reforms as a precondition for energy transition, enhanced energy security and climate change mitigation. Within the Energy Community Treaty, the Republic of Moldova has adopted the core EU energy and environment legislation.
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Utility-scale PV continued to lead solar deployment in 2023, with Texas adding the most new capacity. 89% of new projects and 96% of new capacity feature single-axis tracking. The market value of solar fell in 2023 to $44/MWh on average, as energy prices returned to more normal levels. The generation costs of newer projects is less than their wholesale market replacement costs. Rising prices for new PPAs are now higher in some regions than solar’s energy and capacity market value in 2023. When accounting for climate and health benefits, solar generation delivered nearly $14 billion net-value in 2023.
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The current health of the U.S. PV sector is exceptional, with a strong track record of installation volume growth across end-use segments and a fast-emerging domestic PV manufacturing supply chain. Growing U.S. PV installations support job creation in a variety of sectors, with installation, project development, and supporting roles accounting for almost 90% of all U.S. solar employment opportunities. The Inflation Reduction Act (IRA) is a crucial piece of legislation supporting the current health of the U.S. PV sector, with positive impacts on both the demand and supply sides of the sector.
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This presentation “The Cleantech Revolution” prepared by RMI charts how the energy system is being disrupted by the exponential forces of renewables, electrification, and efficiency. The past decade has seen remarkable progress and growth in cleantech. Cleantech costs have fallen by up to 80 percent, while investment is up nearly 10 times and solar generation has risen 12 times. Meanwhile, electricity has grown to become the largest source of useful energy, and the deep force of efficiency has reduced energy demand by a fifth.
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Corporate PPAs are becoming popular in Japan to procure renewable electricity for business and industrial use. Under the current circumstances, where the price of fossil fuels remains high while the decarbonization of businesses is required, the benefits of corporate PPAs are being recognized from both economic and environmental perspectives. This information package puts together the latest trends in corporate PPAs in Japan as of April 2024.
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This slide deck “Scaling up rooftop solar deployment in Bangladesh” is prepared by IEEFA. It indicates that Bangladesh needs to design a market that incentivises and de-risks investments in rooftop solar to increase the pace of implementation and achieve scale. The study focuses on major challenges in the rooftop solar space, measures to address these issues, and policy-level interventions to change the status quo.
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Despite slower growth, China’s NEV market continues to expand. NEV sales are expanding for almost all market segments, but the most rapid growth is among PHEVs for larger vehicles, though PHEVs are still a minority of NEV sales volume. Under either a rapid or slower growth scenario, NEVs are set to surpass 50% of the total vehicle stock by the early 2030s
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The presentation indicates that some of the reasons for low energy related investment flows into Africa are currency instabilities, counterparty risks, weak institutions, low technical capacity, lack of transparency and accountability mechanisms as well as poor quality infrastructure.
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This slide deck was developed for and presented at an Energy Fundamentals Course hosted by the Bangladesh University of Engineering and Technology (BUET). The National Renewable Energy Laboratory (NREL) helped organize this course in partnership with the United States Agency for International Development (USAID). While some of the content in the slide deck is tailored to Bangladesh specifically, this presentation is intended to be a general primer on electric vehicles that can be utilized for similar purposes by other universities or organizations throughout the world.
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The report combines the global industry data from the Hydrogen Council with a bespoke advanced-analytics optimization model, specifically developed for the study, that balances supply and demand across all regions, multiple carriers, end products and scenarios. Out of 1.5 million potential trade routes, the report identifies more than 40 prospective trade routes of hydrogen, with the capacity to transport more than one million tons per annum by ship or pipeline.
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Berkeley Lab’s annual Tracking the Sun report describes trends among grid-connected, distributed solar photovoltaic (PV) systems in the United States. The latest edition of the report focuses on systems installed through year-end 2021, and is based on data from roughly 2.5 million systems. New to the report this year is an expanded coverage of paired PV-plus-storage systems, including details on system design and pricing trends.
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This information package put together the latest trends of corporate PPAs in Japan. Typical contract structures for On-site, Physical and Virtual PPAs applicable in the Japanese electricity systems are presented. The features, benefits and issues of each type of contract are summarized in addition to cost comparisons with regular tariffs. New policies such as Feed-in Premium are covered in terms of making corporate PPAs effectively.
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In African countries, geothermal heat applications along the agri-food value chain have the potential to enhance food productivity, reduce food spoilage, and add value to food produce. This would result in food security, more employment opportunities and higher incomes for the employees and other agri-food stakeholders. Geothermal energy would also contribute to the sustainability of the agri-food sector by reducing carbon emissions.
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The IEA is deploying a capacity reinforcement programme for African energy experts and professionals. To maximise the value and long-term payoff of training sessions organized under the programme, the IEA is proposing to a community of African experts regular webinars to share analyses on energy. The latest one by IEA Africa University was on “Electricity and gas markets in Africa”
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IRENA is supporting Mongolia in the decarbonisation of its building sector through the implementation of renewable energy solutions in district heating systems. The support is designed to contribute to building the capacity of Mongolian stakeholders to develop a Strategic Heating and Cooling Plan (SHCP). IRENA is collaborating with the Mongolian Ministry of Energy to organise virtual capacity building events on Integrating Renewable Energy Solutions in Mongolia’s District Heating Systems.
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In 2020, Europe’s contribution to the total cumulative PV installations amounted to 22% (compared to 24% in 2019). In contrast, installations in China accounted for 33% (same value as the year before). Si-wafer based PV technology accounted for about 95% of the total production in 2020. The share of mono-crystalline technology is now about 84% (compared to 66% in 2019) of total c-Si production.
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At REGlobal’s 2nd edition of “Solar Power in Africa” conference, Anita Otubu, Head – PMU, Nigeria Electrification Project gave a presentation on the various solar power plans and policies in the country of Nigeria. In her presentation, she discussed the schemes and regulations to promote solar power in Nigeria; progress made so far in these countries; and initiatives to address the challenges that lie ahead.
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