Month: March 2021

Pennsylvania to source 50 per cent of annual energy requirement from solar plants in the state

Pennsylvania to source 50 per cent of annual energy requirement from solar plants in the state

March 25, 2021 |

Energy providers, Constellation and Lightsource bp announced that they have signed an agreement with the Commonwealth of Pennsylvania in helping the region source approximately 50 per cent of its annual energy consumption from solar energy. The project, dubbed Pennsylvania PULSE (Project to Utilize Light and Solar Energy) will be across six Pennsylvania counties, 191 MW of solar projects, and is expected to help the state reduce its CO2 emissions by 157,000 metric tons annually

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AfDB funds $530 million in transmission projects in Angola

AfDB funds $530 million in transmission projects in Angola

March 25, 2021 |

The African Development Bank (AfDB) has committed to funding $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola to allow for power distribution between the two regions. The rationale behind the construction is that the north of Angola has over 1 GW of mostly renewable power while the southern part of the country still relies on diesel generators.

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Queensland aims to install large-scale batteries at substations

Queensland aims to install large-scale batteries at substations

March 25, 2021 |

The Queensland state government has proposed installing five large-scale, network-connected batteries as part of a community battery trial. The batteries will have a cumulative capacity of 40 MWh and will be installed at substations in Townsville, Yeppoon, Bundaberg, Hervey Bay, and Toowoomba. Energy Queensland-owned sites have been identified for this trial where there is high penetration of solar on the network and deployment can occur as quickly and efficiently as possible.

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Nucor signs 10-year power purchase agreement with Ørsted

Nucor signs 10-year power purchase agreement with Ørsted

March 25, 2021 |

Nucor Corporation announced that it has signed a 10-year virtual power purchase agreement for 100 MW of energy from Ørsted’s Western Trail wind farm (WTW) in North Texas. Ørsted’s WTW project is already under construction and is expected to be in service later this year. The project uses Nucor steel and steel products and is designed to continue generating power even during particularly severe weather which is common in the area.

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U.S Solar Market Insight 2020

U.S Solar Market Insight 2020

March 25, 2021 |

The year 2020 was a record-setting year for the solar industry, and it won’t be the last. The fourth quarter exceeded the prior quarterly record set in Q4 2016 by 22%, with just over 8 gigawatts-direct current (GWdc) of solar photovoltaic (PV) capacity installed. The year ended with a total of 19.2 GWdc installed, an astonishing 43% more than capacity added in 2019 – all in the midst of a global pandemic.

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Southern California Gas Company sets bold net zero emissions pledge

Southern California Gas Company sets bold net zero emissions pledge

March 24, 2021 |

The Southern California Gas Company (SoCalGas), the largest gas utility in the US, has announced the company’s bold commitment to achieve net zero greenhouse gas (GHG) emissions in its operations and delivery of energy by 2045. This commitment makes SoCalGas the largest gas distribution utility in North America to set a net zero target including scopes 1, 2, and 3 GHG emissions, which would eliminate not only its own direct emissions, but also those generated by customers’ energy delivered by SoCalGas’ energy infrastructure.

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How could India decarbonize its energy system by 2050 while continuing to make strong progress on economic development?

How could India decarbonize its energy system by 2050 while continuing to make strong progress on economic development?

March 24, 2021 | ,

Achieving India’s economic development ambitions – significant growth, universal electricity access and clean modern cooking fuels for all – requires significant industrial capacity to achieve and, unless carefully managed, has the potential to increase greenhouse gas emissions. The Energy and Resources Institute (TERI) and Shell have created a scenario sketch to explore the ongoing energy transition in India. It illustrates a technically possible, but highly challenging pathway to steer the domestic energy system towards net-zero emissions by 2050.

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Ford’s Electrification Strategy Reflects Strength of EV Policies in Europe

Ford’s Electrification Strategy Reflects Strength of EV Policies in Europe

March 24, 2021 |

Ford’s announcement that it will seek to completely electrify its European passenger vehicle (PV) range by 2030 evidences two realities; the policy environment in Europe is effective in driving industry change, and automakers will continue to find value in internal-combustion engine (ICE) vehicles in markets with a slower pace of adoption, namely the US, and developing markets with greater barriers to decarbonisation.

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China targets to improve renewable power offtake

China targets to improve renewable power offtake

March 23, 2021 |

In its efforts towards reducing carbon emission, China’s administration plans to inspect renewable power consumption across the country. This will focus on the amount of electricity produced by hydropower, wind and solar projects which was not absorbed by the grid.

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AECF unveils $1.2 million innovation fund for renewable energy in Africa

AECF unveils $1.2 million innovation fund for renewable energy in Africa

March 23, 2021 |

African Enterprise Challenge Fund (AECF) has launched a $1.2 million innovation fund to create new business opportunities in Africa in the renewable energy space. This fund targets supporting market readiness of emerging innovations. It will also help secure financial, technical, and networking support for taking existing proven prototypes to scale.

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EIB grants EUR 350 million for 448 MW wind project off the coast of France

EIB grants EUR 350 million for 448 MW wind project off the coast of France

March 23, 2021 |

The European Investment Bank (EIB) will provide a funding of a 350 million Euros for developing the Courseulles-sur-Mer, or Calvados, offshore wind project in the English Channel. This offshore wind project has a capacity of 448 MW and will require a total of 2 billion Euros to be built. According to EIB, the financing will be guaranteed by the European Fund for Strategic Investments.

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Hunt Energy and Manulife form a JV to develop 500 MW energy storage projects within ERCOT

Hunt Energy and Manulife form a JV to develop 500 MW energy storage projects within ERCOT

March 22, 2021 |

Dallas-based Hunt Energy Network formed has a joint venture with Manulife Investment Management to develop 500 MW of energy storage within the Electric Reliability Council of Texas (ERCOT). The new company will be called HEN Infrastructure and will develop and manage a portfolio of distribution-level energy storage assets in ERCOT, dispatched by Hunt Energy Network’s TraDER platform.

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Masdar plans to develop 500 MW of solar power capacity in Ethiopia

Masdar plans to develop 500 MW of solar power capacity in Ethiopia

March 22, 2021 |

Abu Dhabi based renewable energy company, Masdar has signed an MoU with the Government of the Federal Democratic Republic of Ethiopia to explore the development of solar power projects across Ethiopia. As part of the agreement, a total solar power capacity of 500 MW is to be developed across the country along with related grid infrastructure.

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TechnipFMC and Magnora to jointly develop floating offshore wind projects

TechnipFMC and Magnora to jointly develop floating offshore wind projects

March 22, 2021 |

TechnipFMC has entered into an agreement with Magnora ASA to jointly pursue floating offshore wind project development opportunities. They have formed a new venture for this called Magnora Offshore Wind. The joint company, Magnora Offshore Wind, is already operational and will bid in the upcoming first offshore wind application round in Norway.

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Adani Green Energy raises $1.35 billion in debt financing for its renewable energy portfolio

Adani Green Energy raises $1.35 billion in debt financing for its renewable energy portfolio

March 22, 2021 |

A leading Indian IPP, Adani Green Energy Limited (AGEL) has announced that it raised a $1.35 billion debt package for its renewable asset portfolio which is currently under construction. Further, the company has signed definitive agreements with international lenders. The funding will be utilised to finance 1.69 GW of solar-wind hybrid projects currently being developed in the Indian state of Rajasthan.

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Can voluntary carbon markets change the game for climate change?

Can voluntary carbon markets change the game for climate change?

March 22, 2021 |

Carbon credits are created in projects where actors implement activities resulting in lower or negative emissions. These credits can be sold by the actor who implemented the carbon reduction and can be traded and purchased by other actors, e.g. companies, to ‘compensate’ for their emissions. The motivations of the actors purchasing these offsets might be to comply with emission standards or regulations, to voluntarily improve their carbon footprint, or to support decarbonization projects.

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