Higher gas costs driving up European electricity prices, says AleaSoft

AleaSoft Energy Forecasting says European electricity prices rose last week due to lower wind energy production and higher gas prices. All analyzed markets, except France and the Nordics, recorded average prices above €100 ($104.85)/MWh.Most major European electricity markets recorded higher averag

Italy adds 1.74 GW during Jan-Oct, reaches record 12 GWh of energy storage

From January to the end of October 2024, Italy added 1.74 GW of storage system projects.Italian grid operator Terna, in its monthlyelectricity demand updatefor November 2024, revealed the country added 1.74 GW of energy storage systems between Jan. 1 and Oct. 31, 2024.Publishing storage

AleaSoft notes drop in European electricity prices

AleaSoft Energy Forecasting says higher wind production and lower demand slightly dragged down electricity prices last week. However, weekly averages stayed above €100 ($105.36)/MWh in all analyzed markets, except for the Nordic market.Average prices in most major European electricity markets fell

Solar modules now selling for less than €0.06/W in Europe

Solar module prices reached a new low this week, says Leen van Bellen, business development manager Europe for Search4Solar, a Dutch purchasing and selling platform for solar products. He tellsthat prices will remain low in the short term.Search4Solar, a European platform for buying and sellin

Chile publishes 2025-28 energy auction plan

Chile’s energy regulator has published its 2025-28 energy auction plan to secure about 22,500 GWh of new power contracts.The National Energy Commission of Chile (CNE), through Exempt Resolution No. 581, has published a timeline for the energy auctions it plans to hold in the 2025-28 period. Overall

Cooling bifacial PV thermal solar panels with jet impingement

Scientists created a model to study bifacial PV thermal (BPVT) solar panels using jet impingement and built an experimental setup to validate it. They achieved a thermal efficiency of 62.28%, while electrical efficiency peaked at 11.22%.An international research group led by scientists from Scotland

European Commission offers share of €4.8 billion fund to solar projects

The European Commission is offering 85 net-zero projects a share of €4.8 billion ($5.2 billion) in grants from the latest round of the EU Innovation Fund. Some of the projects will contribute to 3 GW of new solar manufacturing capacity.The European Commission is investing €4.8 billion of emissions

South Australia earmarks regions for large-scale renewables

South Australia has announced two proposed release areas designated for the development of large-scale renewable energy projects in the Whyalla and Gawler Ranges regions.The South Australian government is seeking feedback on two areas earmarked for release for development of large-scalerenewab

Vietnam approves price framework for renewable imports from Laos

The Vietnamese authorities have approved a new price framework for importing renewable energy from Laos, with base import prices for wind and hydropower set to take effect at the end of 2025.Vietnam’s Ministry of Industry and Trade has approved a new price framework for importing electricity from&n

Lower solar, wind output drive European electricity prices up

AleaSoft Energy Forecasting says most major European markets recorded higher electricity prices last week due to lower solar and wind production and despite a drop in gas and CO2 prices.Most major European markets recorded average electricity prices increase last week, according to analysis by AleaS

UK think tank predicts 593 GW of new global PV installations for 2024

UK-based energy think tank Ember says it expects 593 GW of solar to be added throughout the world this year – 29% more than in 2023. It says 292 GW were installed by the end of July.The world is on track to reach 593 GW of new solar installations by the end of 2024, according to a new report by ene

Belgium to allow plug-in solar panels, batteries

Belgium’s transmission and distribution system operator says it plans to allow household solar panels and batteries with a plug and socket to connect to the grid from May 2025.Synergrid, the federation of Belgian electricity and gas transmission and distribution system operators, will soon allow so