Lightsource bp, of which BP owns 50%, will invest 566 million dollars in 3 solar power projects of 703 MW in Spain.

Lightsource bp company will invest in solar energy in Spain, and in the statement, the organization made an agreement to purchase 703 megawatts (MW) solar projects located in Northern Spain.

Post-acquisition Lightsource bp’s energy assets in Spain will reach 3 gigawatts (GW) in 2 years, accounting for about 15% of its planned projects globally.

BP to Invest 703 MW of Solar Energy in Spain | Devamı>>>

The Biden administration announced Thursday an effort to slash the cost of solar energy by 60% within the next decade, a feat officials said was essential to achieving the president’s goal of 100% clean energy by 2035.

The solar goal, being implemented by the Energy Department, calls for reducing utility-scale solar energy’s current cost of 4.6 cents per kilowatt-hour to 3 cents by 2025 and 2 cents by 2030.

Plan to Cut Solar Costs by 60 % Unveiled by U.S. Energy Agency | Devamı>>>

An interesting situation has arisen in the United Kingdom, which should draw the attention of all those focused on the “energy transition.” It speaks to the underlying unreliability of renewable energy and, in particular, the current state of green technology. We can learn from Britain’s current struggles that unless or until we drastically improve our alternative energy and electricity storage technology, we are not yet able to engage in a meaning transition.

On November 3rd, National Grid, which operates the electrical system in the United Kingdom, issued an “electricity margin notice,” for the afternoon of November 4.

A Warning From The United Kingdom: Renewable Energy May Not Suffice | Devamı>>>