Sirocco.Energy’s Post

The world is filled with incredible renewable energy potential. Every year, the sun 🌞 provides about 1,500,000 terawatt-hours (TWh) of energy, and the wind 🌬️adds another 3,500,000 TWh. To give you an idea, in 2022, the whole world used around 158,000 TWh of energy. This means that solar power alone could meet our global energy needs about 9,500 times over, and wind power could cover it 22 times. 🌍✨ However, there's a challenge: solar and wind energy aren't always available when we need them. The sun doesn’t shine all the time, and the wind doesn’t always blow. An also the "capacity factor" comes in to add more challenges – it measures how often these energy sources are producing at full power. Solar power works at about 15-25% of its maximum potential, and wind power at about 25-45%. 🌤️💨 To make up for this, we need strong energy storage solutions to save excess energy and use it when needed. In 2023, the global energy storage market nearly TRIPLED, thanks to lower costs and better technology. 🚀🔋 Let’s keep pushing for innovation and investment in energy storage to build a sustainable and reliable future. 💡🌱 #EnergyStorage #RenewableEnergy #SolarPower #WindEnergy #Sustainability #Innovation #CleanEnergy

☀️PV records the highest daily production in history for a month of February in Spain, Portugal and Italy. According to data analyzed by AleaSoft Energy Forecasting - en and reported by pv magazine España: 📌In the week of February 12, solar production increased in all major European electricity markets, reversing the downward trend of the previous week. 📌 With longer days and longer daylight hours, PV production in southern Europe and France has returned to levels last seen in the first half of October. 📌On February 17, for example, the Spanish market generated 118 GWh, the highest value since October 11.  📌This production is also the highest ever recorded in a February month in Spain. 📰 Read the full article here 👉 https://lnkd.in/dGHC8RGZ

Solar Power Leading the Charge 🌱 At Sirocco Energy, we are committed to not only delivering accurate short-term energy production forecasts for wind and solar assets but also being thought leaders in the renewable energy sector. Today, we want to shine a light on a significant development that has profound implications for our industry and the global push towards sustainability. 📢 Relevant News: As reported by Energía Estratégica, the price of electricity in May has been significantly influenced by photovoltaic (solar) power, highlighting its growing importance and economic viability. The increasing presence of solar power in the energy mix is driving down costs, proving once again that renewable energy is not only environmentally crucial but also economically advantageous. 🔍 Sirocco's Perspective: This development marks a critical juncture in the journey towards a more sustainable energy future. At Sirocco Energy, we see several key implications: -> Market Dynamics: The incorporation of more solar power into the energy grid is starting to reshape market dynamics. Lower energy costs mean more affordable electricity for consumers, reducing energy poverty and fostering economic growth. -> Technological Progress: The continuous improvement in solar technology, including higher efficiency panels and better energy storage solutions, is enhancing the reliability and attractiveness of solar energy as a primary energy source. Research and development in this field are crucial, and we are excited to see ongoing advancements that can amplify the effectiveness and affordability of solar energy. Read more about this exciting milestone (https://lnkd.in/ebNYyhRF). Join us on this journey towards a sustainable energy future. Through knowledge and innovation, we can drive meaningful change. #RenewableEnergy #SolarPower #EnergyEducation #Sustainability #SiroccoEnergy

The development of renewable energies in Spain: an opportunity to revitalize the Spanish industrial sector? 📃 Based on the endorsement of the National Energy and Climate Plan (PNIEC) update by the European Commission and its imminent approval by the national government, Spain's electricity demand is forecast to remain relatively stable until 2030 compared to the current situation. However, a substantial increase in gross installed capacity is expected, particularly in renewable energy, aiming to constitute 81% of the total capacity by 2030. 🌐 With this surplus in mind, the Ministry for Ecological Transition and the Demographic Challenge (MITECO) envisions a significant boost in energy exports, projecting an increase from 11,859 GWh in 2019 to 63,010 GWh in 2030. Notably, energy exports to France are expected to quadruple by that year, directly colliding with French objectives. 🚨Despite the promising prospects, there are challenges associated with the export strategy, primarily due to limited neighboring countries (France, Portugal, Morocco, and Andorra) and the limited prospect of growth of interconnection grids. Additionally, France, the most industrialized neighbor with the highest energy demand, consistently opposes expanding its electricity exchange capacity. Two additional solutions are proposed in order to leverage the expected green energy surplus: - Energy Storage. 🏭 Industry Attraction: Attracting industries to Spanish soil, leveraging the reduced energy prices resulting from the present and future development of renewable energies, their accessibility for industrial investment and its potentiality. The latter point has gained traction among experts such as Daniel Pérez Rodríguez, as outlined in his book "La superpotencia renovable", and Sara Aagesen, Secretary of State for Energy, who emphasized this perspective in a recent event at the Ateneo de Madrid. ⭐ Spain, with its unique advantages to implement renewable projects, including underpopulated territories like "Empty Spain," stands at a crossroads to position itself as an attractive destination for industries seeking to benefit from the increasing availability of cost-effective and accessible renewable energies. This strategic advantage places Spain ahead of potential competitors, with only offshore wind from the North Sea posing a real challenge to Spanish solar photovoltaic and onshore wind capabilities within the country. ⚡ Realizing this new opportunity to boost the industrial sector in Spain will depend on the emergence of leadership that is firmly convinced of the attainability of these objectives. #energy #transicionenergetica #renovables #PNIEC

In the past few years, photovoltaic energy has been showing a trend of continuous expansion. According to the latest statistics, the proportion of photovoltaic power generation in the energy industry continues to increase. This growth is driven not only by environmental awareness, but also by technological innovation and the gradual strengthening of government support policies. #pv #energy #solar #solarenergy #renewable #power #tech #innovation #support #sustainable #development

Today, we celebrate a major milestone for the renewable energy sector in Spain 🌍💡. Thanks to the increased production of renewable electricity and lower demand, Spain has experienced negative electricity prices for certain hours! For the first time in history, on April 1st, the electricity price was negative between 3 pm and 5 pm, reflecting significant progress toward a greener and more sustainable economy. The future of energy? Clean, renewable, and increasingly economical. We are on the right path! As Sirocco Energy, we are thrilled to see such achievements, emphasizing the importance of continuing to invest and innovate in renewable energy solutions. This is not just about economic benefits; it’s about creating a sustainable future for coming generations. Let's embrace the renewable revolution together. To read more about this: https://lnkd.in/deHqvJqq #RenewableEnergy #GreenEconomy #Sustainability #Forecasts #PowerGeneration #Wind #Solar #Energy

⚡ This evening, energy prices in Spain are projected to hit a new high of €220/MWh, surpassing last year's peak. ---- It's crucial to note that these energy price peaks occur from 5:00 to 6:00 in the morning and from 20:00 to 21:00 in the evening, precisely when solar energy contribution is basically at zero. The challenge we confront isn't just about production; it's also about when we consume energy. While virtual batteries are gaining traction, they only offer a short term solution (look at what happened in the Netherlands). After all, the energy we consume during the dark hours isn't entirely sustainable. Following the recent successful round of European Grants to accelerate the energy transition, I anticipate substantial investments in local residential storage units (and, hopefully, bi-directional EV chargers). "Will this be the only time prices rise again?" We hope not! However, in the world of energy, hope can be a dangerous thing.

Amid economic challenges and rising energy costs, adopting photovoltaic solar energy is crucial for families. ☀️ With decreasing installation costs, photovoltaic systems provide a reliable and eco-friendly solution against soaring electricity and gas prices. 📈 Read more in elEconomista article 👉🏻 https://lnkd.in/dSneP3Xr #RenewableEnergy #SolarPower #EnergySavings

Renewable energy sources, particularly Non-Conventional Renewable Energies (NCRE), played a significant role in Chile’s electricity generation, reaching a record high of 41.3% in the first quarter of 2024. This underscores Chile’s commitment to sustainable energy and reducing reliance on conventional sources. The growth was primarily driven by solar energy, with a notable contribution from small hydroelectric plants. However, the challenge remains in improving transmission infrastructure to ensure efficient distribution of this energy across the country and globally, highlighting the importance of investments in transmission infrastructure. Despite advancements, the outcome for 2024 will be influenced by factors such as rainfall patterns, which can impact the contribution of hydroelectric power. Nonetheless, Chile’s continued emphasis on renewable energy development, with numerous projects underway, signals a positive trajectory towards a more sustainable energy future.

Pumped storage is key in the energy transition. The growth of solar and wind generation will require more pumped storage hydro power plants to provide stability and efficiency to the system. The path to follow is clear: More renewables, more storage and more networks. Let’s do it!