Tinky Wang’s Post

PEAK RENEWABLE ENERGY RECORD REACHED! Wednesday 2nd October is a day to remember as we near the end of 2024. Renewable energy sources supplied 73.87% of the electricity in the National Electricity Market (NEM) during a half-hour period ending at 11:30 am. This was a new record for renewable energy generation. At that time, the electricity came from: - Rooftop solar panels: 43.7% - Grid solar: 19.7% - Wind power: 8.5% - Hydropower: 1.6% - Other sources: 0.4% The remaining 26.1% came from non-renewable energy sources. The Australian Energy Market Operator (AEMO) is working with the energy industry to increase the use of renewable energy and remove technical challenges through "engineering roadmaps", aiming to benefit all Australian households and businesses. Tell us your thoughts on this record. #Renewables #renewableenergy #solarenergy #solarpower #offgrid #solar #renewables #solarpowerprojectmanagement #EnergyTrans

🇨🇱 📢 Chile Reaches Over 1 GW in Energy Storage Capacity 🙌 Chile has surpassed 1 GW in energy storage capacity, according to the latest report from the Chilean Association of Renewable Energies and Storage (ACERA). The report highlights that current storage systems under construction total 1,048 MW, marking a 281.72% increase from the current 372 MW. Of this, 96% comes from hybrid solar photovoltaic projects, while 36 MW are from wind projects and 1 MW from standalone systems. Additionally, 6,057 MW of battery storage are in the classification process, with significant contributions from standalone systems and hybrid projects. 🔋 In April, renewable technologies produced 37.9% of Chile's electricity, with a total generation of 6,819 GWh. Renewable sources contributed 2,581 GWh, with solar photovoltaic being the leading renewable source at 1,427 GWh, covering 20.9% of the electricity matrix. Wind energy also saw significant growth, increasing by 18.7% compared to April 2023. On April 9, Chile reached a peak of 75.3% green energy generation. 🔆 These developments highlight Chile's commitment to renewable energy and its significant progress in energy storage, positioning the country as a leader in sustainable energy. #RenewableEnergy #EnergyStorage #Sustainability #Chile #GreenEnergy #EnergyTransition

International Renewable Energy Agency (IRENA)released the annual report "Renewable energy statistics 2024" Highlights: - Renewable energy sources accounted for 29.1% of electricity generation globally in 2022, totalling 8 440 TWh. - In absolute terms of renewable electricity generation, Asia led the world in 2022, generating 3 749 TWh, a 9.3% increase driven by solar and hydropower, both offsetting declines in wind energy and bioenergy. - The 473 GW of renewable capacity added in 2023 marked a 14.0% increase and the largest annual growth since 2000. However, this rate is insufficient to meet the tripling renewable capacity target of at least 11 TW by 2030, falling 1.5 TW (13.5%) short of the target.  - In 2022, only 6.3% of global heat generation came from renewable sources, totalling 936 PJ. The share of renewable heat generation has increased from 2.5% in the year 2000, albeit at a significantly slower growth rate than electricity Highlights attached. #renewables #decarbonisation #energy

Cabinet approves $850M Abydos Renewable Energy Company project in Aswan The Cabinet has granted approval for Abydos Renewable Energy Company to secure the Golden License for its ambitious solar energy project in New Benban, Aswan Governorate. The project, designed to generate and sell electricity from photovoltaic energy, will boast a capacity of 1,000 MW and include energy storage systems with a capacity of 600 MW/hour. With an investment of $850 million, the project will cover 20 km² of land allocated by the New and Renewable Energy Authority and is expected to generate approximately 4,000 jobs. Commercial operations for the first phase, with a capacity of 300 MW and energy storage of 300 MW, are set to begin in August 2025. The second phase, offering an additional 700 MW of capacity and 300 MW of energy storage, is scheduled for April 2026. #egypt #renewable #energy Read more: https://lnkd.in/dT_73XdW

The number of batteries co-located with renewable energy could reach an all-time high following the most recent Contracts for Difference (CfD) allocation round. The latest round of the CfD scheme saw 9.6 GW of renewable energy projects secure contracts. While batteries can’t participate directly, an estimated 1.4 GW of battery energy storage is set to co-locate with winning projects. This estimate is based on data from the Renewable Energy Planning Database (REPD) or information released by generator providers. A record-breaking 3.3 GW of solar projects won contracts. Over 1 GW of storage could be co-located with some of these sites. Another 400 MW looks to be co-located with wind projects. The two largest batteries include EDF’s Longfield Solar Energy Farm, with battery capacity potentially reaching 300-500 MW. As well as Orsted’s 300 MW battery to be co-located with the Hornsea Three offshore wind farm. Just 170 MW of battery storage is co-located with renewables today. Some of the earliest contracts for generators in AR6 begin in 2026, meaning we could see some of this 1.4 GW of capacity online in the next two years. Find out more about which owners have the most generation and battery capacity at AR6 and where these batteries will be located in the full article  - https://lnkd.in/eKmaS2hm #RenewableEnergy #Sustainability #BatteryEnergyStorage #NetZeroTransition

🇪🇺 Europe reached 786,788 MW in renewable electricity generation in 2023, according to data from the Renewable Energy Statistics 2024 report from the International Renewable Energy Agency. 🔋In the Old Continent, renewable energy production is led by Germany, which in 2023 will reach 166,939 MW, followed by Spain, with 80,136 MW, and France, with 69,301 MW. The growth of green energy generation in Europe in the last 10 years has been 79%, an average that is only surpassed on the European continent by Holland, with a spectacular growth of 664%; Poland, with 385%; United Kingdom, with 123% and Germany, with 85%. Click the link below for more information ⬇️ https://lnkd.in/dNS4V59c #RenewableEnergy  #Renewables #Solarenergy  #Windenergy

Larger renewable energy projects are trending, China expected to beat its solar and wind energy target half a decade early, and Q1 energy storage deployment was at its highest ever. Here’s what happened in #renewableenergy this week. Renewable projects, including solar, wind, and battery storage, are growing in size. EnerWrap breaks down EIA-860M data to highlight what’s really trending in #renewables. https://lnkd.in/gS97X2aE ERCOT estimates Texas electricity demand could double by 2030, which could create solutions in renewable energy to meet demand (Renewable Energy World) https://lnkd.in/gNZmUGvv The Global Wind Energy Council (GWEC) released its Global Offshore Wind Report 2024 this week. https://lnkd.in/gDjeZySN China expected to beat its 2030 solar and wind energy target 5 years early (Energy Digital Magazine) https://lnkd.in/gWfmd9tM Renewable energy generation was higher than ever in 2023, according to the Energy Institute 2024 Statistical Review of World Energy (Energy Transition by S&P Global Commodity Insights) https://lnkd.in/gFtJ768B The UK's net-zero targets might be at risk because of gas-powered hydrogen and carbon capture schemes. (Energy Voice) https://lnkd.in/gHwgbb9R Energy storage deployments in the US rose to 84% year-on-year in Q1 (Energy-Storage.news) https://lnkd.in/gvAciGw7

Cyprus Electricity Generation Insights ⚡ Here are the key takeaways from the recent analysis of the #CyprusGrid platform: - 🌬️ Peak Wind Energy Production: 152.52 MW recorded on 06/01/2020 at 09:00. Wind energy continues to demonstrate its reliability as a consistent clean source. - ☀️ Peak Solar (PV) Energy Production: 550.0 MW on 07/08/2024 at 13:15, emphasizing the growing role of solar power in Cyprus’s energy mix. - 🔢 Peak Electricity Demand: 1,289.0 MW on 22/07/2024 at 14:45, reflecting the highest demand period analyzed. 📊 Interesting Insights: - The grid’s peak demand is still largely supported by conventional sources, underscoring the need for further renewable integration to meet future spikes. - Solar and wind energy, while making significant contributions, still face challenges in consistently matching the grid’s highest demands, reinforcing the need for energy storage solutions. - Biomass plays a steady but smaller role, contributing reliably while highlighting the need for investment to scale up. 🚀 What's next? - With solar and wind showing impressive growth, the future depends on advanced energy storage solutions to close the gap during non-peak renewable production times. - Greater investments in grid flexibility and clean energy storage are critical to achieving sustainable energy production and meeting peak demands in Cyprus. #EnergyTransition #RenewableEnergy #SolarPower #WindEnergy #Sustainability #CyprusEnergy #CleanEnergy

🔌 Electricity Generation in Spain - August 2024 | #KeepInTouch In August 2024, 52.6% of electricity in Spain was generated from renewable energy, showing a slight decrease compared to the previous month. ⏺ Solar photovoltaic energy leads renewable generation with 23% of the total, followed by wind with 16.6% and hydro with 8.2%. These figures reflect the continued predominance of renewable sources in the Spanish energy matrix. 🌍♻️ ⏺ In the annual cumulative, wind energy represents 22.5%, followed by solar photovoltaic with 18.2% and hydro with 13.9%. Other sources, such as solar thermal (1.9%) and renewable waste (0.3%), also contribute, although to a lesser extent. 📊🔍 What do you think about the distribution of electricity generation last month? Share your thoughts with us! Source: APPA Renovables #VectorRenewables #RenewableEnergy #PV #Hydro #WindEnergy #SolarEnergy #WindPower #APPARenovables #EnergyNews #EnergyEfficiency #RenewableSources

VOC Port has witnessed a significant leap in renewable energy generation, driven by ground-based Solar power (5 MW capacity), rooftop solar power (640 KW capacity) and wind power (2 MW Capacity) the Port has generated 9,03,162 units of Power during the month of May 2024, when compared to 58,674 units of Power generated during the month of May 2023. By integrating these renewable energy initiatives, VOC Port not only reduces its own carbon footprint but also contributes to national renewable energy targets Ministry of Ports , Shipping and Waterways (India) Ministry of New and Renewable Energy (MNRE)