Rethink Energy ’s Post

North America's #wind and #solar project growth is outpacing its grid capacity, risking the future of non-hydro renewables with larger projects facing greater delays. Our latest "Americas Power & Renewables Insight" report spotlights the pressing need for expansive interregional transmission lines to alleviate burgeoning interconnection queues. Other topics include #NAWE power regional overview and the subdued global #solar PV growth. Download now: https://ow.ly/yBbz50QJNG3 #ConnectedThinking #NorthAmerica #Renewables

In this highly relevant blog post, our colleagues from SCADA International highlight 5 reasons why renewables raise grid challenges. The post points out the increased regulatory scrutiny that we at Sweet Geeks A/S face every day in our work. If you experience challenges connecting to the grid or establishing grid compliance, come meet us and our grid expert colleagues at WindEnergy Hamburg next week at booth B6.440. You can find the link to the blog post below. #grid #renewables #challenges https://lnkd.in/dxHcensp

The UK has long been a leading market for battery energy storage adoption, in turn because of its early and strong adoption of offshore wind power. A few months ago we covered the revival of the pumped hydro industry there after a four-decade hiatus, with a single 1.8 GW / 32 GWh SSE Renewables project set to almost double national capacity, while the total pipeline of projects is to quadruple pumped hydro storage capacity. Now the UK is to host another full-size storage fleet – this time liquid air energy storage (LAES) projects, with London-headquartered Highview Power taking advantage of a long-duration energy storage (LDES) investment support scheme to propose 10 GWh across four projects – with stated goals of supporting North Sea wind integration and supporting grid stability.

ESAI's latest Renewables Watch report on ISO New England Inc. provides an updated Class I REC price and projected supply and demand forecast through 2033. Our Supply updated details Annual Renewable Production from Existing Class I Facilities located in New England. Our Demand update incorporates the energy projections published in ISONE’s 2024 Capacity, Energy, Loads, and Transmission report (CELT Report) issued on May 1. Our policy and project updates includes Vineyard Wind and Ørsted's Revolution Wind projects and a review of the bids submitted into the multi-state #offshorewind solicitation. https://buff.ly/3AUFKIY #renewableenergy #projectfinance

The International Energy Agency (IEA) is calling for enhanced grid integration as #solar and #windenergy reach record highs globally. As renewable energy scales up, better #grid infrastructure is essential to manage supply and demand efficiently, ensuring stability and maximizing the use of clean energy sources. This call to action highlights the need for innovative solutions to support the growing role of #renewables in the global #energy mix. For more details, check out the full article here. https://lnkd.in/duuygBFq #iea #USA #America #cleanenergy

ESAI Power evaluates the #renewableenergy issues, markets and trends in the PJM, New York, and New England market footprints. Coverage includes solar, onshore and offshore wind, hydroelectric, and storage. For each region, ESAI Power details the regulatory and market factors that impact the supply and demand balance for Class I Renewable Energy Credits (RECs) through 2032. Based on these projections, ESAI Power provides a Class I REC price forecast for the New England and PJM footprints and closely monitors renewable energy supply and demand developments in New York. https://buff.ly/3AUFKIY

ESAI Power evaluates the #renewableenergy issues, markets and trends in the PJM, New York, and New England market footprints. Coverage includes solar, onshore and offshore wind, hydroelectric, and storage. For each region, ESAI Power details the regulatory and market factors that impact the supply and demand balance for Class I Renewable Energy Credits (RECs) through 2032. Based on these projections, ESAI Power provides a Class I REC price forecast for the New England and PJM footprints and closely monitors renewable energy supply and demand developments in New York. https://buff.ly/3AUFKIY

📣 Some good news for the offshore wind industry with the announcement of the results of the Contracts for Difference (#CfD) Allocation Round 6 (#AR6). ⚡ A total of 131 #renewable #energy projects have been successful in the CfD process including onshore wind, solar, tidal, and offshore wind, totaling 9.6 GW of renewable energy capacity. Offshore wind secured the highest capacity at just over 3.3 GW. 💰 After the disastrous AR5 result, AR6 should increase investor confidence in the renewable sector in the UK, and unlock the capital necessary to develop the #innovative technologies required to deliver projects at scale. 💡 A link to the Energy Voice article is in the comments. 👇 #innovation #energytransition #research #offshorewind

🌅 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗦𝗻𝗮𝗽𝘀𝗵𝗼𝘁: "After decades of falling costs and improving performance in solar and wind technologies, the economic benefits of renewable power generation are now compelling." 🔗International Renewable Energy Agency (IRENA): https://lnkd.in/gAg2sE4c 1. 𝗦𝗼𝗹𝗮𝗿 𝗹𝗲𝗮𝗱𝘀 𝘁𝗵𝗲 𝘄𝗮𝘆: Solar energy accounted for nearly 𝘁𝗵𝗿𝗲𝗲-𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝘀 of new global capacity additions in 2023, with 𝗼𝗻𝘀𝗵𝗼𝗿𝗲 𝘄𝗶𝗻𝗱 contributing 𝟮𝟮%. 2. 𝗙𝗮𝗹𝗹𝗶𝗻𝗴 𝗰𝗼𝘀𝘁𝘀: Renewable deployment continues to set records. A remarkable 𝟴𝟭% 𝗼𝗳 𝘁𝗵𝗲 𝗻𝗲𝘄 𝟰𝟳𝟯 𝗚𝗪 of renewable capacity in 2023 was commissioned at lower costs than fossil fuel-fired power plants. 3. 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗮𝗱𝘃𝗮𝗻𝗰𝗲𝘀: Onshore wind capacity factors have improved by a third over the last decade. New 𝘄𝗶𝗻𝗱 projects now operate at 𝟯𝟲% capacity, up from 𝟮𝟳% in 2010. 𝗦𝗼𝗹𝗮𝗿 PV also saw a modest improvement, increasing from 𝟭𝟯% 𝘁𝗼 𝟭𝟲%. #RenewableEnergy #NetZero #Solar #Wind

Interesting reading and a to call action to ensure the successful large-scale integration of #solar PV and #wind in order to meet global energy transition targets ☀