Month: February 2021

Total and GIG secures seabed lease for 1.5 GW offshore wind project

Total and GIG secures seabed lease for 1.5 GW offshore wind project

February 9, 2021 |

The joint venture between Total and the Green Investment Group has secured rights for a seabed lease for offshore wind development off the United Kingdom Coast. The lease is valid for projects that are located off the UK’s East Anglian coast and will have an installed capacity of 1.5 GW. The project was awarded in the fourth round of offshore wind lease auctions by the UK and represents the largest European offshore wind development in the joint venture’s portfolio.

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The potential for scaling climate finance in China

The potential for scaling climate finance in China

February 9, 2021 |

China accounts for nearly a third of the global total. Based on its current trajectory, China’s emissions are expected to increase further by 7%-15% by 2030 above 2015 levels, which would more than offset the global decreasing trend. To ensure that China meets its own goals for advancing an ecological society, as well as its stated commitments to the Paris Agreement, climate and green finance needs to mobilize at an unprecedented scale.

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EBRD, GEF, and DEG issues $31.2 million loans for solar projects in Jordan

EBRD, GEF, and DEG issues $31.2 million loans for solar projects in Jordan

February 9, 2021 |

The European Bank for Reconstruction and Development (EBRD) and German development finance group, DEG have provided a $10.6 million loan in local currency to Yellow Door Energy to develop, construct and operate a portfolio of eight solar projects in Jordan. EBRD also mobilised $5 million provided by the Global Environment Facility and DEG provided senior loans worth $15.6 million for the projects, taking the total loan value to $31.2 million. The projects will have a total installed capacity of 48.3 MW and will generate 81 GWh of renewable energy per annum.

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Total acquires 2.2 GW of solar projects in Texas

Total acquires 2.2 GW of solar projects in Texas

February 8, 2021 |

Total has acquired 2.2 GW of solar project pipeline along with 600 MW of battery storage projects, all of which are located in the state of Texas in the United States. The projects include four large-scale solar projects, each with co-located battery energy storage systems. These are located in industrial areas close to Houston that have high demand for electricity.

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Iberdrola acquires 3 GW of offshore wind projects in Ireland

Iberdrola acquires 3 GW of offshore wind projects in Ireland

February 8, 2021 |

Iberdrola has signed an agreement with DP Energy acquiring a majority share in its offshore wind projects with a cumulative capacity of 3GW. This marks its entry into the offshore wind market in Ireland. The projects are situated across three groups in the eastern, western and southern coasts of Ireland.

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DBSA launches green bond to finance climate projects

DBSA launches green bond to finance climate projects

February 8, 2021 |

The Development Bank of South Africa (DBSA) has launched its first green bond through a private placement with the French Development Agency (AFD). The purpose of the loan is to mobilize 200 million euros to finance projects that can contribute to climate change mitigation and/or adaptation in South Africa.

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Korea’s renewable energy market landscape

Korea’s renewable energy market landscape

February 7, 2021 |

Renewable energy poses one of the largest investments and development opportunities in Asia in the next ten years. In Korea, the market is especially focused on diversifying and expanding its energy sources to include solar, wind power and hydrogen. The Korean Ministry of Trade, Industry and Energy recently announced they will target 30-35 per cent of their entire energy network to come from renewables sources by 2040 – up from just eight per cent today.

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Togo plans to electrify 129 villages using mini-grids

Togo plans to electrify 129 villages using mini-grids

February 7, 2021 |

he Togolese Agency for Electrification and Renewable Energies (AT2ER) has declared 129 rural localities that will be electrified in the first phase of the programme for electrification using solar mini-grids. These localities are spread across five regions of the country, which are the Maritime region, Kara, the Savanes, the Central region, and the Plateaux region.

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When does reinventing the wheel make perfect sense?

When does reinventing the wheel make perfect sense?

February 6, 2021 |

We are at the threshold of an evolution in road transport that will benefit the environment and the way we live our lives. Right now, road transport accounts for almost one-quarter of Europe’s total greenhouse gas emissions. It is the main cause of pollution in cities and accounts for more than 390,000 premature deaths in Europe every year. If we reduce transport emissions by 90% by 2050, Europe will be well on its way to carbon neutrality.

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Washington Clean Buildings Bill Raises the Bar for Every State

Washington Clean Buildings Bill Raises the Bar for Every State

February 5, 2021 |

The Healthy Homes and Clean Buildings Act seeks to cut building emissions in line with the state’s climate goals by winding down the gas system and transitioning to clean, electric alternatives. It is also the most comprehensive legislation to date in the United States aimed at getting fossil fuels out of buildings and has significantly raised the level of ambition on what might be possible for other states.

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IDB Invest, Engie Chile close the world’s first pilot project to monetise the cost of decarbonization

IDB Invest, Engie Chile close the world’s first pilot project to monetise the cost of decarbonization

February 5, 2021 |

DB Invest, a member of the IDB Group, has awarded a USD 125 million financial package to Engie Energía Chile, a subsidiary of the Engie Group, in a bid to accelerate the decarbonization of the country’s electricity sector. The funds, with a period of up to 12 years, will be used to build, operate and maintain the Calama wind farm with an installed capacity of approximately 151 MW, which will be located in the vicinity of the city of Calama, in the Antofagasta region.

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BayWa r.e. sells Isohara solar farm to D&D Solar GK

BayWa r.e. sells Isohara solar farm to D&D Solar GK

February 5, 2021 |

BayWa r.e. has announced the successful sale of its Isohara solar farm in Japan to D&D Solar GK, a new venture set up between Osaka Gas and the Development Bank of Japan. The sale of the 35 MWp site in Kita-Ibaraki City follows the sale of the 11.9 MWp Izumi solar farm in December 2020 to D&D Solar GK as well. It will produce enough electricity to meet the average annual consumption of 15,000 households in Japan.

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EV solar charging carport offered by SunnyCal Solar

EV solar charging carport offered by SunnyCal Solar

February 5, 2021 |

SunnyCal Solar Inc., a provider of innovative solar products, announces release of a new electric vehicle (EV) solar carport to provide independent charging power for EVs. These carports are by patented Steel Roof Solar (SRS) modules that have crystalline solar cells built into the metal roof sheets. These SRS modules create energy that is stored in a local battery and powers the EV car charger.

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Political Economy of Climate and Clean Energy Energy in China

Political Economy of Climate and Clean Energy Energy in China

February 5, 2021 | ,

What are the recent trends and the underlying conditions and drivers of domestic political economy for Chinese ambition on climate action? And what role could Europe eventually play in encouraging Chinese climate ambition? These are the questions we asked our authors to answer in this paper by Lauri Myllyvirta, Shuwei Zhang, Xinyi Shen, and Yunqing Bi

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