Vector Renewables’ Post

🇨🇳China has installed as much renewable capacity as the rest of the world (light blue). China will continue to install as much renewable capacity as the rest of the world (blue) https://lnkd.in/e_AmSRHf China is rapidly taking global renewable capacity expansion to another level Over 2024-2030, China is expected to install 3 207 GW of new renewable electricity capacity, more than tripling growth of 2017-2023. Since 2015, China’s share in global annual capacity additions has been increasing and is expected to reach almost 60% in 2030. At the end of the forecast period, the country is expected to have at least half of the world’s cumulative renewable electricity capacity, doubling its share of the last decade. The Chinese government’s Net Zero by 2060 target, supported by incentives under the 14th Five-Year Plan (2021-2025), and the ample availability of locally manufactured equipment and low-cost financing, stimulate the country’s renewable power expansion over the forecast period. Follow the leader! #Cleanenergy #Renewables #Mission2030 #eMobility

Angola’s Moxico Province Welcomes New Solar Park By Portuguese Company For Rural Electrification The Ministry of Energy and Water inaugurated the Luena photovoltaic park in the Moxico province of Angola. Constructed by MCA, the infrastructure is set to provide electricity to over 59 thousand people, marking the fourth project undertaken by the Portuguese company in the region. Valued at 36.9 million euros, the project comprises 43,680 solar panels with an installed capacity of 25.3 MWp, promising significant renewable energy generation upon operation. Manuel Couto Alves, Chairman of MCA, expressed pride in delivering yet another solar park in Angola, acknowledging the positive impact these initiatives have on the local population’s well-being. This park is […] Read the full story here: https://lnkd.in/dttHAmdB #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #africa #angola #mca #renewableenergy #solarenergy

🌍 🇮🇹 Unlocking Opportunities in Italy’s PPA Market ⚡ https://lnkd.in/dnJHDWTH The Italian renewable energy market is evolving, bringing both challenges and opportunities for those ready to act. While PPA activity has slowed and prices currently range between €60-70/MWh, the shifting regulatory landscape presents a unique chance for proactive players to lead. 💡 What does this mean for you? Dynamic pricing requires savvy negotiation and strategic alignment. Evolving regulations demand agility and deep market insights. Investors and offtakers are looking for stability and long-term value—your opportunity to stand out. At this pivotal moment, transforming uncertainty into a competitive edge is possible with the right approach. ✅ Stay ahead with tailored strategies. ✅ Align your goals with the perfect PPA structure. ✅ Secure investor and offtaker confidence with expert guidance. Italy’s energy transition is happening now—will you lead the way? 🚀 Let’s connect to discuss how we can navigate this evolving market together and build a sustainable, profitable future. #RenewableEnergy #PPA #EnergyTransition #Italy #Sustainability #GreenEnergy Strategic Energy Corp

Another couple of examples of our capital deployment in #Latinamerica - this time for the largest solar panel farm in #Chile… and for another award winning project in the same country. There are many opportunities for active management to contribute and shape the sustainability path ahead Allianz Global Investors #realassetsinvestments

𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗖𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗧𝗶𝗺𝗲 (𝟮𝟬𝟬𝟬–𝟮𝟬𝟮𝟯) Global #RenewableEnergy capacity has grown by 415% since 2000, or at a compound annual growth rate (CAGR) of 7.4%. However, many large and wealthy regions, including the United States and Europe, maintain lower average annual #renewable capacity growth. 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗲𝗻𝗱𝘀 𝗶𝗻 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗱 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗲𝘀 Between 2000 and 2023, global renewable capacity increased from 0.8 to 3.9 TW. This was led by China, which added 1.4 TW, more than Africa, Europe, and North America combined. Renewable energy here includes #solar, #wind, #hydro (excluding pumped storage), #bioenergy, #geothermal, and marine energy. During this period, capacity growth in the U.S. has been slightly faster than what’s been seen in Europe, but much slower than in China. However, U.S. renewable growth is expected to accelerate due to the recent implementation of the #InflationReductionAct. Overall, Asia has shown the greatest regional growth, with China being the standout country in the continent. 𝗧𝗿𝗲𝗻𝗱𝘀 𝗶𝗻 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗲𝘀 Africa’s renewable capacity has grown by 184% since 2000 with a CAGR of 4%.  India is now the most populous country on the planet, and its renewable capacity is also rapidly growing. From 2000–2023, it grew by 604%, or a CAGR of 8%. It is worth remembering that energy capacity is not always equivalent to power generation. This is especially the case for intermittent sources of energy, such as solar and wind, which depend on natural phenomena. Despite the widespread growth of renewable energy worldwide, International Renewable Energy Agency (IRENA) emphasizes that 𝙜𝙡𝙤𝙗𝙖𝙡 𝙧𝙚𝙣𝙚𝙬𝙖𝙗𝙡𝙚 𝙜𝙚𝙣𝙚𝙧𝙖𝙩𝙞𝙤𝙣 𝙘𝙖𝙥𝙖𝙘𝙞𝙩𝙮 𝙢𝙪𝙨𝙩 𝙩𝙧𝙞𝙥𝙡𝙚 𝙛𝙧𝙤𝙢 𝙞𝙩𝙨 2023 𝙡𝙚𝙫𝙚𝙡𝙨 𝙗𝙮 2030 to meet the ambitious targets set by the #ParisAgreement. Visual Capitalist National Public Utilities Council https://lnkd.in/g64uy_ZS #Sustainability #SustainableEnergy #Electrification #CarbonNeutral #ClimateChange

#WOW #AgriSOLAR #Agrivoltaics Italy: 1.5 Gigawatts for Agrivoltaics Agrivoltaics have been all the rage this year, and perhaps they’re raging nowhere more than in Italy. Italy just recently held its first ever tender for agrivoltaics, and it was a big one! Bel Paese awarded contracts for 1.5 gigawatts of agrivoltaics solar projects within its borders. That’s spread across 540 different projects. And the tender was oversubscribed. There were 643 bids totaling 1.7 gigawatts (GW) of power capacity. Large projects awarded contracts include “270 MW for European Energy, a 62 MW Repower array in Sicily, and a 73 MW Next Energy Capital installation in Campania.” There’s also “Solarig with 122 MW and Photosol with 55 MW. DCH Di Carlo Holding secured more than 140 MW, ranking just behind European Energy.” Naturally, it’s Italy’s energy agency, Gestore dei Servizi Energetici (GSE), that has overseen the tenders and is in charge of this program. Most of the winning projects are to be located in southern Italy, or the bottom of the Italian boot. “Most of the projects came from agricultural companies,” pv magazine writes. “All eligible projects received incentives, as the tender’s maximum quota was not met. Discounts on ceiling prices ranged from 9.18% to 53%, with larger projects benefiting from economies of scale.” The most that will be paid to projects 300 kW or smaller is €0.093 ($0.097)/kWh, while the most for projects over 300 kW is €0.085 ($0.089)/kWh... https://lnkd.in/efE5dzbX

🇩🇪 Germany produces an impressive 2003.87 watts of renewable energy per person! For comparison: 🇩🇪 Germany: 2003.87 W/person 🇺🇸 USA: 1141.18 W/person 🇨🇳 China: 1019.88 W/person 🇧🇷 Brazil: 896.62 W/person 🇮🇳 India: 123.21 W/person Even though China has the largest installed renewable energy capacity in the world: 🇨🇳 China: 1,453 GW 🇺🇸 USA: 388 GW 🇧🇷 Brazil: 194 GW 🇮🇳 India: 176 GW 🇩🇪 Germany: 167 GW Germany shows how to use its resources effectively. Should the rest of the world follow Germany's example? #Renewable #RenewableEnergyIsTheFuture #RenewableFuture #RenewableEnergy #Sustainability #CleanEnergyFuture #Germany #India #Brazil

Lithuania’s renewable energy market is on the rise, with growing potential for development. However, the Power Purchase Agreement (PPA) market is still in its early stages and faces challenges such as smaller energy demand from businesses and limited access to effective financial tools. What steps can be taken to overcome these issues? A workshop co-hosted by WALLESS at the #LitRES 2025 conference highlighted two key solutions: • Multi-buyer PPAs could enable smaller businesses to collaborate, making large renewable energy projects more feasible and attractive to developers.  • State-backed guarantee schemes, as encouraged by Regulation (EU) 2024/1747, could mitigate financial risks for offtakers and provide much-needed support for the market to grow. The session was led by WALLESS Partner Vaidotas Puklevičius, together with Senior Associate Eduardas Šimkus and Our New Energy Senior Advisor Rasmus Degn Hansen, with WALLESS Associate Monika Gadeike contributing to its preparation. Thanks to all participants and shoutout to The Voice of Renewables for creating a platform for discussions that drive Lithuania’s renewable energy future. #RenewableEnergy #PPA #market 

The International Energy Agency's "Renewables 2024" report paints an optimistic picture for the future of clean energy. Here are the key insights: Unprecedented Growth: Global renewable capacity is set to increase 2.7 times by 2030, exceeding current government targets by 25%. Solar and Wind Dominance: These two technologies will account for 95% of all renewable capacity growth through 2030. Regional Leaders: China continues to lead, while the EU, US, and India are accelerating their renewable adoption. Challenges Ahead: Grid infrastructure, manufacturing bottlenecks, and policy support in emerging economies remain critical issues. Sector-Specific Growth: Renewable electricity use in transport, industry, and buildings will drive demand growth. As we approach the next round of Nationally Determined Contributions in 2025, this report underscores the opportunity for countries to enhance their climate ambitions. What steps do you think are necessary to overcome the challenges highlighted in the report? How can businesses prepare for this renewable energy future? https://lnkd.in/gv-yjVGq #RenewableEnergy #Sustainability #CleanTech #EnergyTransition

N. Kavvadias: Accelerate the Development of the Energy Storage Station Market (ESS) – Financing Challenges The Director of Industrial Services & Renewable Energy Sources at TÜV AUSTRIA Hellas, Mr. Nikos Kavvadias, speaking at the 6th Renewable & Storage Forum of Energypress, highlighted the great potential and the challenges that the battery (BESS) market brings to Greece. The strategy to boost Renewable Energy Sources (RES) requires dynamic solutions that support the production of clean energy and its storage. Greek Strategy: Targeting 13.5 gigawatts of PV by 2030, while the projected 4.3 gigawatts of battery systems may prove insufficient. Shifting production from midday to nighttime hours requires at least 8 gigawatts of four-hour storage to ensure stable energy with minimal energy curtailments. Investment Environment: Despite the decline in battery costs, banks remain cautious about 20-year investments due to uncertainties surrounding future revenues. Mr. Kavvadias proposed that the state should analyze to support projects by subsidizing capacity in the balancing market, while the energy price differential (arbitrage) should be the primary revenue source. Perspectives and Steps Forward: The need for a quick issuance of connection terms for part of the 50 gigawatts with assurances from RAE is critical for boosting green energy and reducing curtailments at RES projects. The future of energy storage is full of potential, with the market needing support to meet the expectations of a clean energy future. Read more here: https://lnkd.in/dZ3zcXQC Watch the video here: https://lnkd.in/dKpWej7R #tuv_austria_hellas #TuvAustriaHellas #RenewableandStorageForum #energypress