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Solar PV Installations Will Reach Up To 660 Gigawatts In 2024 - CleanTechnica
cleantechnica.com Solar PV Installations Will Reach Up To 660 Gigawatts In 2024 - CleanTechnica

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Bernreuter Research: Low module price will fuel demand in the second half of the year Würzburg, Germany — Global photovoltaic (PV) installations will land in a range of 600 to 660 gigawatts-direct current (GWdc)...

Solar PV Installations Will Reach Up To 660 Gigawatts In 2024 - CleanTechnica
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IEA: Clean energy investment to reach $2 trillion in 2024
www.dw.com IEA: Clean energy investment to reach $2 trillion in 2024 – DW – 06/06/2024

According to the International Energy Agency (IEA), more money is being invested in solar power than in all other sources of electricity combined.

IEA: Clean energy investment to reach $2 trillion in 2024 – DW – 06/06/2024

cross-posted from: https://lemmy.world/post/16239452

> IEA: Clean energy investment to reach $2 trillion in 2024 > > According to the International Energy Agency (IEA), more money is being invested in solar power than in all other sources of electricity combined. > > > Global investment in clean energy will reach $2 trillion (€1.84 trillion) this year, twice the amount invested in fossil fuels, according to the International Energy Agency (IEA). > > "For every dollar going to fossil fuels today, almost two dollars are invested in clean energy," said IEA Executive Director Fatih Birol. > > Clean technologies include renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps. > > Meanwhile, total energy investment is expected to exceed $3 trillion for the first time in 2024, the agency said in its annual World Energy Investment report. > > In 2023, combined investment in renewable electricity and grids surpassed the amount spent on fossil fuels for the first time. >

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In the first five months of 2024, 87% of the electricity consumed in Portugal was green

cross-posted from: https://lemmit.online/post/3086311

> In the first five months of 2024, 87% of the electricity consumed in Portugal was green > > ##### This is an automated archive made by the Lemmit Bot. > The original was posted on /r/worldnews by /u/randolphquell on 2024-06-03 14:23:58+00:00. >

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Future energy demand does not need new fossil fuels, study says

cross-posted from: https://futurology.today/post/1609274

> Future energy demand does not need new fossil fuels, study says > > Energy groups did not need to develop any new oil, gas and coal projects to meet future demand, an academic paper says, at a time when rhetoric over the role of fossil fuel companies in addressing climate change is escalating. > > Researchers from University College London and the International Institute for Sustainable Development studied projected future global demand for oil and gas production, and for coal- and gas-fired power generation, under a range of scenarios that limit warming to 1.5C above pre-industrial levels. > > In all of the scenarios, which are all taken from the UN’s Intergovernmental Panel on Climate Change’s (IPCC) Sixth Assessment Report, existing fossil fuel capacity is enough to meet the world’s energy demands, it concludes. > > The study is the first peer-reviewed paper published in a scientific journal to argue that no more fossil fuel projects are needed as renewable energy sources take up the demand, and expands on the findings produced in 2021 by the International Energy Agency. > > The IEA said energy groups must stop all new oil and gas exploration projects if the world was to reach net zero emissions by 2050, and limit global warming to 1.5C degrees. > > Greg Muttitt, a senior associate at IISD, said the research drew on “a large range of scientific evidence . . . But its message to governments and fossil fuel companies is very simple: There is no room for new fossil fuel projects in a 1.5°C-aligned world.” > > “Achieving the Paris Agreement goals means governments need to stop issuing permits for new fossil fuel exploration, production or power- generation projects,” said Muttitt. > > Almost 200 countries agreed to limit global warming to 1.5C above pre-industrial levels as part of the Paris Agreement in 2015, with many countries setting targets to reach net zero emissions by 2050. > > The oil and gas industry has repeatedly pushed back against the IEA, including its forecast that demand for fossil fuels will peak before 2030. > > “I don’t think they’re remotely right,” the chief executive of oil producer Chevron told the Financial Times last October. “You can build scenarios, but we live in the real world, and have to allocate capital to meet real world demands.” > > Last December, countries reached an agreement as part of the UN’s COP28 climate summit to transition away from fossil fuels in an attempt to reach global net zero emissions by 2050. > > The text asks all countries to set “ambitious” emissions targets over the next two years that take into account their fossil fuel use, in an effort to limit global warming to 1.5C above pre-industrial levels. The rise in temperature is at least 1.1C. > > A cut in greenhouse gas emissions by about half by 2030 is required to limit warming, with the burning of fossils fuels being the biggest contributor. However, according to scientists at Nasa, emissions from fossil fuel are still rising. Emissions rose 1.1 per cent in 2023 compared with 2022.

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Australia opens bidding in 6-GW renewables tender
  • Utility PV in Australia has a capacity factor of ~25%. So those six GW of PV will produce approximately the same amount of energy as the biggest nuclear reactor in Europe Olkiluoto 3 which took 18 years to build instead of 2.5.

  • Australia opens bidding in 6-GW renewables tender
    renewablesnow.com Australia opens bidding in 6-GW renewables tender

    Bidding has been launched in a 6-GW tender for renewable energy capacity in Australia, the country’s largest single auction of this kind, while a solicitat

    Australia opens bidding in 6-GW renewables tender
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    Electricity Live Map
  • It's a few hours behind and they have obviously problems with behind the meter production. Adfitionally, the values for CO2 emisdions are off (i.e. nuclear is calculated with 5g/kWh, this is 1/3 to 1/10 of the values you find in literature) But all in all, you can see the trends of production and im- export.

  • Electricity Live Map
    app.electricitymaps.com Live 24/7 CO₂ emissions of electricity consumption

    Electricity Maps is a live 24/7 visualization of where your electricity comes from and how much CO2 was emitted to produce it.

    Live 24/7 CO₂ emissions of electricity consumption

    Nice tool to get an idea of different electricity markets.

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    Italy deploys 1.72 GW of new PV systems in Q1
    www.pv-magazine.com Italy deploys 1.72 GW of new PV systems in Q1

    Italy installed 1.72 GW of new solar capacity in the first quarter, bringing its cumulative installed PV capacity to 32.0 GW by the end of March, according to Italia Solare, the nation’s solar energy association.

    Italy deploys 1.72 GW of new PV systems in Q1
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    Renewables provided almost 30% of US electrical generation in March
    electrek.co Renewables provided almost 30% of US electrical generation in March

    Renewables are now the second-largest source of US electrical generation behind natural gas, which fell to 39.4% in March.

    Renewables provided almost 30% of US electrical generation in March
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    Chinese PV Industry Brief: Cumulative PV capacity tops 670 GW
    www.pv-magazine.com Chinese PV Industry Brief: Cumulative PV capacity tops 670 GW

    China's cumulative PV capacity has surpassed 670 GW. The nation deployed approximately 60.5 GW of new solar in the first four months of 2024, including 14.37 GW in April alone.

    Chinese PV Industry Brief: Cumulative PV capacity tops 670 GW
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    Egypt to allocate land for 27 GW of solar, wind projects - report
    renewablesnow.com Egypt to allocate land for 27 GW of solar, wind projects - report

    Egypt's New and Renewable Energy Authority (NREA) has initiated the process of allocating about 6 million square metres (64.68m square feet) of land to sev

    Egypt to allocate land for 27 GW of solar, wind projects - report
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    Germany Has Too Many Solar Panels, and It's Pushed Energy Prices Negative
  • This is happening, to a degree, in most of Europe. Storage is the answer as described in the article. Unfortunately politics are not proactive, you need to break the system before something happens... and now the system is broken, yeah!!!

  • Israel-Gaza war live: ICJ orders Israel to halt Rafah offensive in new ruling
    www.theguardian.com Israel-Gaza war live: ICJ orders Israel to halt Rafah offensive in new ruling

    The International Court of Justice says it is ‘not convinced’ that evacuation of Rafah and other measures by Israel are alleviating suffering of Palestinians

    Israel-Gaza war live: ICJ orders Israel to halt Rafah offensive in new ruling
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    Renewable energy surpasses April power demand in Austria
  • While this is true, Austria has, for the first time ever, built more than 1GW of PV in 2022 and more than 2GW of PV in 2023. As a result 98%+ of electricity production have been renewable in April and this also holds true for Mai so far. All in all, good news.

  • Renewable energy surpasses April power demand in Austria
    renewablesnow.com Renewable energy surpasses April power demand in Austria

    Austria was able to cover its domestic electricity demand of 4,141 GWh with renewable energy throughout April on balance as solar, wind and hydropower plan

    Renewable energy surpasses April power demand in Austria
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    Big Batteries — Squeezing Out The Gas In Australia - CleanTechnica
    cleantechnica.com Big Batteries — Squeezing Out The Gas In Australia - CleanTechnica

    As more and more big batteries are added to the Australian grid, they are squeezing out the gas input and should lead to lower prices.

    Big Batteries — Squeezing Out The Gas In Australia - CleanTechnica
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    Less than 25% of the EU’s electricity came from fossil fuels in April
  • I am pretty sure the EU will soon reach the final phase of the electricity transition. Soon it will be more about balancing the grid with storage and upgrading the electricity network and no longer about build out rates of solar and Wind.

  • InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)HU
    Hugohase @startrek.website
    Posts 14
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