Developed by Genneia, the Chubut Norte II Wind Farm has now been launched. The wind farm has been set up at an investment of $39 million. With an installed power capacity of 26.28 MW, the wind power plant will generate 120 GWh of electricity per year.
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The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has invited bids to select solar developers to implement 41 MW of grid-connected rooftop solar projects at various locations across Madhya Pradesh, India. The projects will be developed under the renewable energy service company (RESCO) model.
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A very ambitious AUD 22 billion project to transport solar power from Australia to Singapore and further into Indonesia has also seen a lot of progress. Called the Australia-ASEAN Power Link (AAPL), this project proposes to combine the world’s largest solar farm and the largest battery storage system to produce solar energy primarily to be transported to Singapore through HVDC subsea electricity cable.
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As per IRENA’s latest release on renewable energy statistics, at the end of 2020, global renewable generation capacity amounted to 2,799 GW. Hydropower accounted for the largest share of the global total, with a capacity of 1,211 GW. Check out the key highlights of the report and the full publication that presents renewable power generation capacity statistics for the past decade.
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According to the latest data released by the International Renewable Energy Agency (IRENA), 2020 witnessed more than 260 GW of renewable capacity additions globally. These massive capacity additions have exceeded the 2019 installations by roughly 50 per cent despite the slowdowns on account of the covid-19 pandemic. In terms of total installed renewable power capacity worldwide, there has been a 10.3 per cent rise when compared to 2019.
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Sunseap Group has signed a contract with Facebook to supply power from its 5 MWp offshore floating solar project located in the Straits of Johor in Singapore. According to a recent announcement by the company, this will be the largest offshore floating solar farm in Singapore on completion.
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Indian telecom company Airtel (Bharti Airtel) has commissioned a 14 MWp captive solar plant in the state of Uttar Pradesh. This solar project will help the company to meet the power requirements of its core and edge data centers in the state. The project is in Tilhar the Shahjahanpur district of Uttar Pradesh. Earlier Airtel had acquired a 26 per cent equity stake in AMP Solar Evolution.
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The German power grid network will continue to offer significant investment opportunities as vast amounts of new intermittent renewables capacity comes online. Over the coming decade, Fitch Solutions forecasts Germany’s non-hydropower renewables sector to undergo significant growth, with capacity additions of just under 76GW between 2021 and 2030 and total renewables capacity set to rise to 212GW by the end of the decade.
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GICON, a company based in Germany and the Vietnam Petroleum Institute (VPI) signed a memorandum of understanding (MoU) collaboration or collaborating on renewable energy and hydrogen production in Vietnam. They will focus on developing projects for producing green electricity and green hydrogen through wind and bio power.
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The European Bank for Reconstruction and Development (EBRD) has provided a loan of about 9.1 million Euros for the development of a 12.9 MW floating solar project in Albania. The project will be located on the Vau i Dejes hydropower reservoir, which is under the management of by Korporata Elektroenergjitike Shqiptare (KESH), an Albanian state utility.
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Masdar signed an agreement with the Government of the Republic of Uzbekistan for extending the capacity of its utility-scale wind farm project to 1.5 GW from the earlier capacity of 500 MW. The project is located in Zarafshan district in the Navoi region of Uzbekistan.
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J-POWER USA and funds managed by affiliates of Fortress Investment Group, LLC have collaborated to develop a 50 MW solar power plant and 190 MW energy storage facility to convert Birchwood Power, a coal plant. The coal plant which has been operational since 1996 will now be replaced by a solar plus storage project.
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In Europe, the EU published its Hydrogen Strategy in July 2020, closely linked to its Energy Sector Integration Strategy. Several European countries have also published their own hydrogen strategies during 2020 (e.g. Netherlands, Norway, Portugal, Germany, France, and Spain). While other countries (e.g. Italy and the UK) have not yet finalised formal strategies, they are actively developing plans for hydrogen to play a role in the energy transition.
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President Biden has promised to make a USD2 trillion accelerated investment towards achieving progress in climate change mitigation. These measures form the larger backdrop against which the new government’s specific transport and related infrastructural development policies are set.
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REGlobal presents an extract from the Global Summary Power & Renewables by Fitch Solutions which highlights the offshore wind potential of the Black Sea, challenges in expanding South Africa’s power capacity, improving growth prospects for solar power in Malaysia and continued momentum in Chile’s renewables sector.
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Indian state transmission company of Rajasthan Rajasthan Rajya Vidhyut Prasaran Nigam Limited (RRVPNL) is gearing up to deploy transmission infrastructure for the Green Energy Corridor (GEC) project being implemented in the state.
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To combat climate change while capturing health and economic benefits, the City of Los Angeles has set ambitious goals to transform its electricity supply, aiming for a 100% renewable energy power system by 2045, along with a push to electrify the buildings and transportation sectors. LADWP and NREL have prepared a highly detailed, rigorous, and science-based study to analyze potential pathways the community can take to achieve a 100% clean energy future.
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The Japanese green bond market continues to see strong momentum, growing by a third in 2020. Political developments will give further impetus. Japan’s commitment to net-zero emissions by 2050 represents a key milestone for the country, which is stepping up efforts on multiple fronts
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GE Renewable Energy has been selected as the turbine supplier for Invenergy LLC’s 1,485-MW North Central Wind Energy Facilities project in Oklahoma.
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The government of Zimbabwe has announced that it intends to exempt investors in solar energy from paying taxes for a period of five years. The move is targeted at attracting investment from solar energy producers in the country. This new move is set to complement other measures taken by the Zimbabwean government, such as the duty-free import of solar energy production equipment.
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