UK-based company Power Roll, a developer of solar films has announced an agreement with Thermax Group, an energy and environment solutions provider, to develop the market for solar film in India.
Read More
Opdenergy has closed an underwriting mandate with BBVA for the financing of the development, construction, and commissioning of its portfolio solar projects in Spain, with a total expected installed power of approximately 725 MW for Euro 500 million. Of the total, the energy company indicated that up to Euro 76 million would be allocated to guarantees linked to long-term contracts (PPAs) and up to Euro 20 million to guarantees related to the usual reserve accounts in this type of operation.
Read More
Puma Energy’s subsidiary, Future Energies business has launched 11 solar projects at its retail fuel stations and a further three at its terminals in Ghana, West Africa. The projects at 11 of the 14 sites will be supported by battery storage. The combined solar and battery power systems in 14 service stations and terminals in Ghana are part of Puma Energy’s Future Energies’ wider business plan to roll renewable energy projects around the world.
Read More
The Indian Energy Exchange (IEX) has introduced cross-border electricity trade (CBET) on its platform. The initiative is a step towards building an integrated South Asian regional power market. Nepal was the first country to avail the benefit of buying day ahead power from the power exchange through NVVN Limited. It was also reported that increased efforts will be made to improve power trade in Bhutan and Myanmar in the future
Read More
Amazon announced nine new utility-scale wind and solar energy projects in the United States Canada, Spain, Sweden, and the UK. The current announcement now means that the company has 206 renewable energy projects in the world with a cumulative capacity of about 2.5 GW.
Read More
Australia has some of the best renewable energy resources in the world, and right now it has the best ever opportunity to harness them for national and global good. WWF’s Renewable Superpower Scorecard presents a snapshot of how Australia’s state, territory and federal governments are performing in the race to become a renewable superpower.
Read More
The future of energy transition is going to be more complex than the past. Urban regions will play a crucial role in this energy transition. In these regions, various kinds of technologies will be used – photovoltaics, wind energy, hydrogen blending in gas (depending on commercial conditions). In addition, storage technologies will also be utilized.
Read More
Canada-based Northland Power Inc. has entered into a definitive agreement for the acquisition of an operating portfolio of renewable power projects in Spain. It has also announced a concurrent $900 million bought deal equity financing to fund both, the acquisition as well as the development of its 4 to 5 GW identified project pipeline.
Read More
Ørsted has entered into an agreement with Brookfield Renewable to acquire a 100% equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). With this transaction, Ørsted will enter the European onshore wind market. The transaction is expected to close by Q2 2021 and BRI’s existing management team will continue to run the business which will be integrated into Ørsted’s Onshore business unit over time.
Read More
The Indian government’s e-governance services arm Common Services Center (CSC) has announced a collaboration with the leading power company Tata Power to set up solar-powered micro grids and water pumps in rural areas across the country. As per the partnership, Tata Power plans to set up 10,000 micro grids to support rural customers. Moreover, over 375,000 CSCs will be involved in supplying solar water pumps to farmers.
Read More
As the world’s largest greenhouse-gas emitter, China will make or break the global quest for climate neutrality by the middle of the century – the only way to limit the global average temperature increase to 1.5°C. Consequently, President Xi’s announcement in September 2020 of China’s new objective to peak CO2 emissions before 2030 and achieve carbon neutrality by 2060 was broadly welcomed. But President Xi offered no detail on how China could turn this vision into reality, and an examination of China’s current plans shows clearly the goal will not be achieved without major changes.
Read More
There is a growing conversation around the role that hydrogen can play in the future of the UK, and how to best harness its potential to secure jobs, show climate leadership, promote industrial competitiveness and drive innovation. The Government’s ‘Ten Point Plan for a Green Industrial Revolution’ included hydrogen as one of its ten actions, targeting 5GW of ‘low carbon’ hydrogen production by 2030. Britain is thus joining the EU, US, Japan, Germany and a host of other countries seeking to be part of the hydrogen economy of the future.
Read More
National University of Ireland Galway (NUI Galway) with partners HyEnergy Consultancy and Dublin City University (DCU) have published a report on Hydrogen, exploring opportunities in the Northern Ireland energy transition. Hydrogen can play a central role in integrating the electricity, transport and heating sectors, storing, and transmitting large volumes of variable renewables, while also stimulating new innovative industries and economies.
Read More
The momentum towards greening the economy implies transition risks that represent new threats to financial stability. The risk of a run on brown assets, similar to that seen during the subprime crisis, can have widespread destabilising effects.
Read More
The National Renewable Energy Laboratory’s (NREL’s) U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark: Q1 2020 documents a decade of cost reductions in solar and battery storage installations across utility, commercial, and residential sectors. NREL’s cost benchmarking applies a bottom-up methodology that captures variation in system design and regional costs, helping to identify future research and development directions that could further reduce costs.
Read More
On March 29, 2021, President Joe Biden announced big plans to expand offshore wind power, with 30 GW planned along the US coasts by 2030, backed by billions in federal loan guarantees. According to DOE, this move could potentially power 10 million homes in the future and avoid 78 million metric tons of CO2 emissions. The 30 GW target will spur USD12 billion in capital investment annually
Read More
Facebook has signed a deal with CleanMax for buying renewable energy from a 32 MW wind project being developed in Karnataka. About half of the project’s capacity has already been installed. For the project in Karnataka, CleanMax will own and operate the project, while Facebook purchases electricity off the grid through environmental attribute certificates or carbon credits.
Read More
The United Kingdom (UK) based oil and gas company B.B Energy (BBE) has acquired Solarcentury Africa, which is a subsidiary of Solarcentury, another UK based company. Solarcentury Africa’s assets will now be part of BBE Renewables, BBE’s subsidiary. The African business will continue to trade as Solarcentury Africa for a transitional period.
Read More
American Electric Power (AEP) has begun operations at the Sundance wind energy centre. The project has a total installed capacity of 199 MW and is located in Woods County of Oklahoma state in the United States. Sundance wind facility is one of the three wind projects that comprise 1,485MW North Central Energy Facilities. These projects are being developed by Invenergy.
Read More
Bolivia’s state power corporation Empresa Nacional de Electricidad SA (ENDE) is set to launch a 39.6 MW wind power project and begin execution of another 24 MW wind project in the country. After four months of stalled work due to the pandemic, the 39.6 MW San Julian wind project located in the department of Santa Cruz will soon be connected.
Read More