SGRE has added a new turbine to its 4.X platform, the SG 4.7-155, featuring a 155-metre rotor and state of the art blades to significantly increase energy production at low wind sites. The SG 4.7-155 has a nominal power rating of 4.7 MW and is equipped with OptimaFlex technology, enabling it to operate between 4 MW and 5 MW depending on site conditions.
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Goldwind Americas has sold its 160-MW Rattlesnake wind farm in Texas to an investment company advised by Exus Management Partners for an undisclosed amount. Located in Texas’ McCulloch County, the Rattlesnake wind park comprises 64 Goldwind GW GW109/2500 permanent magnet direct-drive (PMDD) turbines.
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NREL recently published its quarterly solar industry update providing insights into the key trends of 2020, top performing solar power states in the US, tariff updates worldwide, policy and regulatory scenario, technology development, key financings, and future outlook.
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The United Nations High Commissioner for Refugees’ (UNHCR) Green Fund has launched a call for tenders for the installation of 10 solar photovoltaic systems for its operations in three East African countries, namely Ethiopia, Kenya and Uganda. This project will result in solar power plants with capacities ranging from 60 kWp to 500 kWp, with a cumulative capacity of 1.8 MWp at all 10 sites.
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The METI has announced the results of the sixth auction for solar projects with a generation capacity of more than 250 kW. It has selected 255 projects with a combined capacity of 368.8 MW in the procurement exercise, after having initially accepted project proposals with a combined capacity of 526.5 MW for review. The capacity of these projects ranges from 300 kW to 68.6 MW.
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Vårgrønn is a new joint venture company formed by global energy giant Eni and HitecVision, a Norwegian energy entrepreneur and investor. This new venture will focus on development of new green energy projects in Norway and the Nordic market, with a major role in the development, construction, operation and financing of these assets.
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New York state has set one of the most ambitious renewable energy (RE) goals in the US. Enshrined into law through the Climate Leadership and Community Protection Act (CLCPA) (July 2019), New York aims to become carbon neutral and achieve a zero-carbon emission electricity sector by 2040, including 70 per cent RE generation by 2030.
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Among others, France and Germany revealed their plan to dedicate respectively €7 and €9 billion from public funds over the next ten years to creating a hydrogen industry. To what extent can hydrogen play a role in mitigating climate change? How are recovery plans addressing the potential pitfalls around its development?
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Solar Power Europe conducted a virtual event with various industry associations from Africa to highlight the impact of Covid-19 on the African solar sector. Check out the presentations made by associations from South Africa, Mozambique, Nigeria and Kenya as well as by GET.invest at the event.
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The state of New South Wales in Australia announced its plans to shift from coal-base power to renewables in the next decade. For this it aims to mobilise $23.3 billion of private investment into the renewables sector. The state authorities plan to attract private participation by improving the approval process, reducing bureaucratic hurdles and ensure timely clearances.
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The share of GHG emissions highlights the importance and urgency of reforms required in the transport sector. The European Green Deal outlines key guidelines to tackle all emission sources. The European Commission is developing a Sustainable and Smart Mobility Strategy as part of the European Green Deal and in line with these guidelines; it is scheduled for release before the end of 2020.
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The IEA’s Renewables 2020 report concludes that while other fuels have struggled due to Covid-19 this year, the market for renewables has proved “more resilient than previously thought”. The continued growth of wind and solar means renewables, including hydro and bioenergy, would displace coal as the largest source of the world’s power by 2025, says the IEA’s report.
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The Estonian government has allocated EUR8 million to the state-owned transmission system operator (TSO) Elering to compensate an increase in the renewable energy charge payable by domestic and business consumers in 2021.
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Italian energy major, Snam has entered into cooperation agreements with leading Indian energy companies, particularly in hydrogen and low-carbon mobility sectors. The list of companies includes both private and public firms, with the agreements being announced against the backdrop of the virtual summit between the Prime Ministers of India, Narendra Modi, and of Italy, Giuseppe Conte.
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While India is coal dominated at present, it is moving towards renewable power. Afghanistan is hydro dominated and is mainly an importer of electricity. Bhutan is the only country in South Asia where electricity is the main export commodity. Meanwhile, Bangladesh is mainly gas dominated, but faces several resource constraints.
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Nine power interconnection projects have already completed construction to date, with several ongoing cross-border transmission projects also underway. We believe that these latest developments form a good starting point for the region to move toward realising the initiative.
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BP plans to take its first steps into the burgeoning market for green hydrogen alongside the offshore wind developer Ørsted by developing a hydrogen project at one of its refineries in Germany. The energy companies plan to create the clean-burning gas by using renewable energy, generated by Ørsted’s North Sea wind farms, to split water into hydrogen and oxygen at BP’s Lingen refinery from 2024.
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The solar equipment manufacturer stated that the companies have entered into a long-term purchase agreement with second-tier subsidiaries of Tongwei Co Ltd to secure a stable supply of poly-Si in line with its strategic and operational plans.
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In the first and only auction that will be held this year, the Spanish authorities are planning to allocate around 3.6 GW of renewable energy capacity, of which 1 GW for the PV technology, 1 GW for wind power, and 80 MW for biomass projects with the remaining, around 1.5 GW being allocated with no technology restrictions.
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Iberdrola plans to invest Euro 75 billion towards energy transition by 2025. More than Euro 7 billion will be allocated to renewables and over Euro 4.5 billion to networks. 83 per cent of the investment is targeted at countries with an A rating. Almost half of the investment, amounting to about Euro 34 billion, is to be directed towards the United States and the United Kingdom. The company plans an average investment of 10 billion Euros per year between 2020 and 2022, and 13 billion Euros per year in the period 2023-2025.
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