solar energy

World economy 3rd September 2026

Solar energy is now the primary source of installed power capacity in China, overtaking coal for the first time

Solar power has become the leading source of installed electricity capacity in China, surpassing coal for the first time in a major milestone for the Asian giant’s energy transition, according to information reported by Bloomberg. As of the end of July, China reached 1,286 gigawatts (GW) of solar capacity, accounting for 31.5% of its total generation capacity—just one month after solar was still 1 GW behind coal. According to the…

Companies, Spanish economy 30th January 2023

Umbrella Solar gets go-ahead for first solar project in UK: 20 MW capacity

Bankinter | Umbrella has completed the permitting, licensing and authorisation phase for its first project in the UK, which will consist of a solar photovoltaic plant with a capacity of 20 MW and lithium-ion battery support. The project is located on the outskirts of the city of Stirling, in Scotland. The construction and maintenance of the entire project will be carried out by the wholly-owned subsidiary IM2 Energía Solar. Umbrella…

European economy 20th April 2022

European PPA Prices Rise 27.5% In The First Quarter Of The Year; Spanish PPAs Remain The Cheapest

Renta 4 | The latest report published by Levelten, a renewable transactions consultant and PPA market operator, states that the prices of PPAs signed in Europe reached €57/MWh (blended solar and wind), which represents an increase of 27.5% vs. the first quarter of 2021 and 8.6% in this quarter alone. Solar PPAs in Spain averaged €38/MWh, 12% higher (€4/MWh) than in 1Q21, being the country with the lowest solar PPA…

World economy 4th March 2014

Spanish Abengoa’s yieldco IPO at Nasdaq could be of $1bn

MADRID | By Julia Pastor | Abengoa’s strategy for 2013 included the creation of a company holding concessional assets to go public in the U.S. market. The first step came on Monday when the Spanish firm submitted a draft registration statement to SEC for a yield company. So-called yieldcos in Wall Street’ jargon are financial vehicles that hold assets generating stable and predictable cash flow. The price of the operation remains unknown but its goal would be to raise about $1 billion for the company to continue reducing debt. The Seville-based company specialised in technology solutions for energy and environment sectors is listed in Nasdaq since October 2013.

World economy 26th December 2011

Spain, a solar energy world leader

MADRID | According to data published by the Spanish Association of the Solar Power Industry, and published today by the digital newspaper El Confidencial, once again in 2011 Spain is the country with the most thermosolar energy power installed in the world. “Spain has 1,100 MW installed, just over twice the amount installed in the US, the second market in the world where some national companies, such as Abengoa, are…