Finland's wind power capacity has skyrocketed during the past 2,5 years, from just over 3000 MWh/h at the beginning of 2022, up to roughly 7250 MWh/h right now.
To compare, the capacity of the new nuclear power plant, opened last year, is 'only' 1600 MWh/h. And it's not a small unit.
During the same time frame, Finland's solar capacity has tripled from 350 to 1100 MWh/h. Wind works better on the northern parallels though, with solar running practically zero for roughly one third of the year.
Spain has recently witnessed three weeks of power prices close to zero. The recent events may be an early sign of what to expect as the renewable penetration increases across Europe.
#energy#powerprices#renewables
New industrial deal needed to enable energy transition – Europe trade groups
The EU needs a powerful industrial strategy to deliver the massive expansion in renewable energy required to power energy-intensive sectors which will provide locally made raw materials, according to a coalition of regional trade groups.
#ICIS#energy#renewables#power#economy
Read More Here: https://lnkd.in/gPQdrn6B
One of the regions we follow closely in our Market Outlook is Southern Europe. Spain has recently witnessed three full weeks of power prices close to zero.
The recent events may be an early sign of what to expect as the renewable penetration increases across Europe.
If you are interested in finding out more insights to what we expect for the different markets or what our model is capable, don't hesitate to reach out.
Spain has recently witnessed three weeks of power prices close to zero. The recent events may be an early sign of what to expect as the renewable penetration increases across Europe.
#energy#powerprices#renewables
Have you ever wondered how we can make the most out of renewable energy sources? Here are four key strategies to reduce energy curtailment and enhance efficiency!
💡Energy storage: Battery Storage/Pumped Hydro
💡Building's Electrification: Cleaner Energy/Reduced Emissions
💡Demand Management: Night Tariffs/Smart Meters
#renewableenergy#renewables#cleanenergy#electrification#efficiency
Renewable generation supplied 61% of the electricity consumption in Portugal in 2023, totalling 31.2 TWh, the highest-ever record value in the Portuguese national system.
Portugal shut down their last remaining coal fired power plant and is fostering a renewable energy revolution. They could be completely renewable by 2040 if not sooner. It can be done.
We have the solutions. Implement them. #ActOnClimate#climate#energy#renewables#go100re
No more coal in Portugal's grid.
This is a big deal. And a good start. But it's not nearly enough.
Portugal emitted 41 million metric tons of CO2 in 2022.
The US does that amount every two days.
Portugal's dedication to the cause is laudable. But they are very small. And have much higher taxes than the US.
The only way we make this happen here is by adding tidal energy to the mix. We can't get there with wind, solar, and nuclear alone.
Portugal shut down their last remaining coal fired power plant and is fostering a renewable energy revolution. They could be completely renewable by 2040 if not sooner. It can be done.
We have the solutions. Implement them. #ActOnClimate#climate#energy#renewables#go100re
Portugal shut down their last remaining coal fired power plant and is fostering a renewable energy revolution. They could be completely renewable by 2040 if not sooner. It can be done.
We have the solutions. Implement them. #ActOnClimate#climate#energy#renewables#go100re
Portugal shut down their last remaining coal fired power plant and is fostering a renewable energy revolution. They could be completely renewable by 2040 if not sooner. It can be done.
We have the solutions. Implement them. #ActOnClimate#climate#energy#renewables#go100re
Let’s keep our eyes on the ball here, folks, before we start doing the victory dance.
Portugal’s yearly CO2-emissions are about 0,04 gigaton. Europe’s yearly CO2-emissions are 2,5 gigaton. Global CO2-emissions are 37 gigaton.
If Portugal reduces CO2-emissions to zero, that’s just 1,6% of Europe’s emissions and only 0,1% of global emissions.
If Europe would reduce their emissions to zero in its entirety it would only be about 7% of global emissions.
The only level that counts is the global level. Last year CO2-emissions of fossil fuels and industry reached an alltime high of 37,4 gigaton. This year we are expected to reach a new all-time high.
We pump 150 million tons of CO2-equivalent into the atmosphere every day. That’s about 3 times the yearly CO2-equivalent emissions of Portugal!
Portugal’s surface area is 0,06% of Earth’s total surface area. But the atmosphere has no boundaries and covers the globe, despíte our tendencies to draw fence lines and defend them with force.
Global atmospheric CO2-level is at 420 ppm, growing to 500 ppm in 2050. Preindustrial levels were at 280 ppm.
— Do you think that CO2-levels will drop in the skies above Portugal only, because they are reducing greenhouse gas emissions so greatly?
— Do you think that Portugal will be exempt from sea level rise, because they have the most renewables technology deployed?
— Do you think that the Earth’s energy imbalance will take Portugal’s green, lean, mean renewables machine into consideration, and magically lower itself only for the sake of their particular achievement?
— Do you think that global ocean acidity and sea level rise will suddenly start to decline only at the shores of Portugal, because it is head of the climate change mitigation class?
— Do you think Portugal will nót be hit with prolonged droughts, devastating heat waves, massive forest fires, extreme downpours and destructive floodings, because they managed to install the most solar panels, windmills, heat pumps, EV’s, batteries and carbon capture facilities?
I thought not.
These small victories are only distracting us from the overarching issue: overshoot or overconsumption, when a population exceeds the carrying capacity of its habitat (see comment section).
Currently there is no globally coordinated, consolidated or consorted effort to mitigate the consequences of overshoot.
Singing Kumbaya My Lord around the campfire over Portugal’s achievements is like celebrating the existence of a speck of water on a hot plate. It is the definition of false hope.
— Letter to a fan
https://lnkd.in/exVs_qwg
— Another letter to a fan
https://lnkd.in/dDf62fjX
— Letter to a concerned citizen
https://lnkd.in/eyAh5k8w
— Letter to an incorrigible optimist
https://lnkd.in/eUb_gRvA
Portugal shut down their last remaining coal fired power plant and is fostering a renewable energy revolution. They could be completely renewable by 2040 if not sooner. It can be done.
We have the solutions. Implement them. #ActOnClimate#climate#energy#renewables#go100re
CEO @ Futures Platform | Strategic Foresight | Futures Intelligence | Empowering foresight practitioners and organisations to thrive in the future
4moFinland's wind power capacity has skyrocketed during the past 2,5 years, from just over 3000 MWh/h at the beginning of 2022, up to roughly 7250 MWh/h right now. To compare, the capacity of the new nuclear power plant, opened last year, is 'only' 1600 MWh/h. And it's not a small unit. During the same time frame, Finland's solar capacity has tripled from 350 to 1100 MWh/h. Wind works better on the northern parallels though, with solar running practically zero for roughly one third of the year.