Solaria has obtained €1.7 billion in framework financing from the European Investment Bank (EIB), to support the construction of 120 photovoltaic power plants covering Spain, Italy and Portugal. The framework agreement has a long-term project finance structure, which comprises several loans provided by financial institutions.
Ashtrom Renewable Energy has secured a $270 million green loan for the realisation of the 306 MW/400 MW DC Tierra Bonita solar project in Texas. Reportedly, the funding was organised with five banks, including BHI, a US unit of Bank Hapoalim Group, Bayerische Landesbank, ING Capital, Rabobank, and Societe Generale.
We have a clear plan for gradually reducing our emissions in all emission categories, known as Scopes 1 to 3. Our goal is to be fully carbon neutral by 2035. To achieve this goal, we plan to halt coal-based electricity and heat generation as early as 2028, provided the necessary policy framework is ready in time. Of course, this raises the question of how we will continue to ensure security of supply. How do we make up for the electricity that we previously generated from coal?
The Southwest has an enormous opportunity to accelerate the shift from fossil to clean power. Tax credits from the Inflation Reduction Act make clean energy projects more feasible than ever. The Energy Community Tax Credit Bonus aims to revitalize the economies of coal-powered communities by providing a 10 percent bonus on top of Production Tax Credits and Investment Tax Credits for clean energy projects.
The impacts of the COVID-19 on renewable project development and investments were felt in China as well as in global market. Some of the impacts from the COVID-19 include blocked logistics, operation delay on the industrial chain, and low turnover efficiency where these impacts have led to price increases in the industrial chain and subsequently resulted in a decline in the growth rate for the downstream demand.
Revised plans will ease the burden on working people, as the Prime Minister forges a credible, transparent path to net zero that maintains public consent. Ban on the sale of petrol and diesel cars will be moved back to 2035 and new policies forcing landlords to upgrade the energy efficiency of their properties will be scrapped. The ban on new fossil fuel boilers for certain households will be delayed while cash grants for boiler upgrade schemes will increase by 50% to £7,500 for those who want to transition now.
Improvements in drivetrains are expected to emerge in tandem with the overall growth in the wind turbine sector. New developments may include single-stage gearboxes, direct drive systems and permanent magnet generators. The advancements in direct-drive magnets and generator designs for wind turbines have resulted in low-cost and lighter wind turbines. The cost of permanent magnets used in direct drive turbines has also decreased which has further increased the prospect of direct-drive turbines.
Hydrogen is expected to grow sevenfold to support the global energy transition, eventually accounting for 10 percent of total energy by 2050. A scale-up of this magnitude will affect demand for critical materials, including minerals and metals, needed for hydrogen technologies— electrolyzers for renewable hydrogen, carbon storage for clean hydrogen, or fuel cells using hydrogen to power transport.
Over just a handful of years, electrification has emerged as a cornerstone of effective building decarbonization policy. Momentum has been driven by increasingly favorable economics (especially for new construction), improved carbon savings from grid and technological advancements, and the growing climate emergency. With billion-dollar federal investments and commitments from over 100 cities and states, the movement is gaining traction.
Hydrogen is an emerging clean energy technology and energy vector with many proposed use cases. There will be uncertainties as regard to whether hydrogen will be the most economical clean energy solution for each of the proposed sectors and use cases considered in the analysis. Commercial risks also need to be taken into consideration.
This space is reserved for sponsored content and advertising banners.
Sponsored content can include white papers, webinars, case studies, research reports and other relevant content.
The advertising can be in the form of banners with links to the advertiser’s landing page.
If you would like to promote sponsored content or advertise, please write to us at: firstname.lastname@example.org