Month: March 2021

Renewables and gas could play a critical role in decarbonising the power sector in India

Renewables and gas could play a critical role in decarbonising the power sector in India

March 3, 2021 |

As per the Government of India’s projections, renewable energy curtailment would be about 27 per cent at the point when renewable energy installed capacity reaches 175 GW (by 2022) and about 50 per cent when it reaches 450 GW, adding to power generators’ losses. Hence, the future grid will need more despatchable synchronous generation as spinning reserve to provide load following and frequency response services.

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US deploys record-high 2,156 MWh new storage solutions in fourth quarter of 2020

US deploys record-high 2,156 MWh new storage solutions in fourth quarter of 2020

March 3, 2021 |

According to the US Energy Storage Monitor Report by Wood Mackenzie—a UK-based research and consultancy group, and US Energy Storage Association (ESA)—a national trade association backed by various storage-related government departments, the US brought 2,156 MWh of new energy storage systems online in the fourth quarter of 2020, a new record for storage with an increase of 182 per cent over the third quarter.

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US Energy Act of 2020: Redefines future energy strategy

US Energy Act of 2020: Redefines future energy strategy

March 3, 2021 |

The industry response to the Energy Act of 2020 has been quite positive. The Act is a major step towards ensuring decarbonisation of the US economy by fostering innovation across the spectrum of technologies that are critical for the country’s energy and national security as well as long-term economic competitiveness.

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Plug Power to build North America’s largest green hydrogen production facility in Western New York

Plug Power to build North America’s largest green hydrogen production facility in Western New York

March 2, 2021 |

Plug Power Inc., a turnkey hydrogen solutions provider is growing its green hydrogen footprint in New York with construction of a new green hydrogen production facility and electric substation in the New York Science, Technology and Advanced Manufacturing Park (STAMP). As North America’s largest green hydrogen production facility, the plant will produce 45 metric tons of green liquid hydrogen daily servicing the Northeast region. The plant will use 120 MW of Plug’s PEM electrolyzers to make the hydrogen using clean hydropower.

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Advanced biofuels market size to surpass $848.6 billion by 2030: Precedence Research

Advanced biofuels market size to surpass $848.6 billion by 2030: Precedence Research

March 2, 2021 |

According to Precedence Research, the global advanced biofuels market size is expected to surpass around $848.6 billion by 2030, growing at a CAGR of 38.5 per cent. The global advanced biofuels market size was estimated at $32.6 billion in 2020. According to the report, North America will dominate the global industry due to rising demand for the cleaner burning transportation fuels in the US and Canada.

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ENGIE, Equinor to develop low-carbon hydrogen

ENGIE, Equinor to develop low-carbon hydrogen

March 2, 2021 |

ENGIE and Equinor have announced their partnership to develop low-carbon hydrogen. The partners will investigate the production and market potential for hydrogen from natural gas whereby the carbon di-oxide will be captured and stored permanently offshore. In the coming months, ENGIE and Equinor will start discussions with potential customers to assess the project, as well as with stakeholders and relevant authorities.

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A Tale of Two Grids: Texas and California

A Tale of Two Grids: Texas and California

March 2, 2021 |

Although both California and Texas recently faced traumatic weather events, the consequences for electric system reliability were dramatically different. Still, both underscore the need for electricity system reforms in an era of increasingly frequent extreme climate events.

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Neon closes financing for Victoria Big Battery project

Neon closes financing for Victoria Big Battery project

March 1, 2021 |

Neoen, a renewable energy developer, has financially closed on the Victoria Big Battery project, an energy storage project with a capacity of 300 MW/450 MWh. While the Clean Energy Finance Corporation, on behalf of the Australian Government will provide debt financing of 160 million Australian dollar, Neoen will also hold equity. The battery storage facility will be located near Geelong, in Victoria.

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Germany floats 958 MW offshore wind tender

Germany floats 958 MW offshore wind tender

March 1, 2021 |

Germany has issued a tender to develop 958 MW of offshore wind capacity across three areas in the North and Baltic Seas. 658 MW projects are planned for the North Sea, while the remaining 300 MW is allocated for schemes in the Baltic Sea. The capacity is expected to be operational by 2026.

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ENGIE acquires 100 MW concentrated solar power project in South Africa

ENGIE acquires 100 MW concentrated solar power project in South Africa

March 1, 2021 |

ENGIE has finalised an agreement to acquire a 40 per cent equity stake from Abengoa in Xina Solar One, which is a concentrated solar project with a capacity of 100 MW. ENGIE has also acquired a share of 46 per cent of the operations and maintenance company. The plant is located in the Northern Cape of South Africa, where ENGIE’s 100 MW Kathu CSP plant is also located.

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WEC Energy to acquire 90 per cent stake in Jayhawk wind farm

WEC Energy to acquire 90 per cent stake in Jayhawk wind farm

March 1, 2021 |

WEC Energy Group plans to acquire a 90 per cent stake in the Jayhawk Wind Farm, which is to be built in Bourbon and Crawford counties, Kansas. The project is being developed by Apex Clean Energy, while Invenergy will acquire the remaining 10 per cent ownership interest and will operate the wind farm.

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Indonesia’s Biomass Cofiring Bet: Beware of the Implementation Risks

Indonesia’s Biomass Cofiring Bet: Beware of the Implementation Risks

March 1, 2021 |

IEEFA believes that a focused effort to prioritize particular regions could be more viable than chasing the dream of an ambitious nation-wide deployment plan. A targeted deployment plan focused on demonstrating commercial viability and PLN’s willingness to support long-term purchase agreements would send a stronger positive signal to attract major investments for the biomass industry. Indonesia has the potential to become a powerhouse for the biomass industry, and the cofiring ambition could be a starting point to spark its development.

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Robust Growth Outlook for Greek Solar

Robust Growth Outlook for Greek Solar

March 1, 2021 |

Fitch Solutions forecast consistent growth in Greece’s non-hydropower renewables segment with risks to solar capacity growth abating. Greater government support for the sector underpins our positive outlook for Greek solar, with supportive policies announced creating upside risks to forecast. Solar will continue to offer increasing opportunities for both foreign and domestic developers.

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