Month: July 2021

SAIPEM releases technology for offshore green hydrogen

Saipem, an Italian energy services firm, has released information about SUISO- a new technical solution that integrates offshore green hydrogen production with oil and gas facilities. SUISO integrates multiple renewable energy sources into a single system, including floating wind, floating solar, and marine energy.

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Rayzon Solar to build 1.2 GW of mono PERC module capacity in India

Rayzon Solar, located in Gujarat, has announced the construction of a new line to increase its module production capacity to 1.5 GW. The company will expand its existing 300 MW Gujarat factory with a 1.2 GW mono PERC (passivated emitter and rear contact) line. The capacity expansions are expected to be completed by the end of December.

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Grid Integration of EVs: ENTSOE stresses on smart charging and V2G

The adoption of electric vehicles (EVs) in Europe has been increasing rapidly over the last few years and crossed 1.5 million cars in 2020 [including both battery electric vehicles (BEVs) and plug-in hybrids (PHEVs)]. European policymakers have clearly set the path towards the massive adoption of EVs. Future prospects are promising with a possibility of Europe’s combined EV market share touching 50 per cent by 2030 as per the International Energy Agency’s (IEA) Global EV Outlook 2020.

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India’s SECI opens bids for 1.2 GW solar projects in India

Solar Energy Corporation of India Limited (SECI) has launched bids for the development of 1.2 GW of solar projects in the Indian state of Karnataka on a build-own-operate basis. The request for selection is part of the interstate transmission system (ISTS) (tranche X) tariff-based competitive bidding cycle.

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PNE sells three wind farm projects in Romania

PNE, a German wind farm developer, announced that it has sold the rights to three wind farm projects in Romania to an unnamed global renewable energy business for an undisclosed amount. PNE stated in a news release that wind turbines with nominal outputs of up to 220 MW might be installed as part of the three projects.

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Stonepeak attains first renewable energy fund at $2.8 billion

Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, announced today the final close of the Stonepeak Global Renewables Fund (GRF), a $2.75 billion fund focused on investing in a diverse portfolio of renewable energy assets in developed markets around the world.

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Legendre Energie to construct 50 MWp solar power plant in Mali

Legendre Energie has signed a 25-year concession contract with the Malian Ministry of Economy and Finance and Energy for the Fana solar power project. The solar project will be built under the BOOT (Build-Own-Operate-Transfer) model. The plant would have a capacity of 50 MWp and will be located near Bamako capital, Diola Circle.

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Mayors Call for Bold Climate Investments

Over 140 mayors from across the nation have signed onto a letter urging Congress to prioritize climate investments in any infrastructure package and center the needs of cities and communities in the process. These mayors want the opportunity to collaborate and innovate with the federal government to ensure cities will receive the much needed, direct funding.

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Priorities for the EU hydrogen legislation

To reach the EU’s ambitious climate targets and the desired scale-up of hydrogen, quick action is needed. The creation of an initial European-wide legislative framework for hydrogen will provide clarity to the hydrogen value chain and will set the direction for future development of the hydrogen market, enabling investments. This initial framework should enable the emergence of a dedicated hydrogen infrastructure and should facilitate the creation of a liquid and cross-border hydrogen market across Member States. Furthermore, the legislative framework should take into account the increasing integration of the gas and electricity sectors.

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Apollo Funds to invest in offshore wind farm in New York

Apollo Global Management, Inc. and Arthur Kill Terminal LLC have signed into a deal for the exclusive right to invest in the Arthur Kill Terminal project, a large offshore wind energy staging and assembly facility under construction on Staten Island, New York. Atlantic Offshore Terminals, located in New York, will lead the development of Arthur Kill Terminal.

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ODE attains offshore wind contract in South Korea

Green Investment Group (GIG) has granted Offshore Design Engineering (ODE) a contract as owner’s engineer and package manager for offshore wind projects in South Korea that it is developing and investing in. The deal will see ODE’s Korea office, which will open in January 2021, carry out engineering projects totaling more than 500 MW in the nation.

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Tracia Network Corporation commissions El Salvador’s first wind farm

The Ventus Wind Project, El Salvador’s first wind farm, was successfully commissioned by Tracia Network Corporation. The 54 MW wind farm in Metapán is composed of 15 Vestas V136 turbines of 3.6 MW each. This project will considerably increase El Salvador’s renewable energy generating capacity and offset roughly 200,000 tonnes of CO2 into the environment each year.

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Nordex receives 55 MW wind turbine orders from Italy

Nordex has received orders to deliver Delta4000 turbines to two wind farms in Italy. Nordex will deliver five N149/5.X turbines for one 26.1 MW project, while six N133/4.8 turbines will be put in a second 28.8 MW wind farm. A contract for the turbines is also included in the orders, which is for an initial two-year period with multiple 10-year renewal possibilities.

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TAQA Power to develop 5 MW of solar power in Egypt

TAQA Power, a subsidiary of the TAQA Arabia group, has announced that it will construct two 5 MW solar photovoltaic (PV) power plants in the Red Sea’s beach town of Somabay. The two solar power plants are projected to make a major contribution to lowering Soma Bay’s environmental effect.

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Montenegro to launch new metering scheme for 3000 rooftop PV systems

Montenegro’s public electricity provider, Elektroprivreda Crne Gore (EPCG), and the Ministry of Ecology, Spatial Planning, and Urbanism have launched a net metering scheme to support the installation of 3,000 residential rooftop PV systems. Homeowners will be encouraged to engage in a programme that should provide a five to seven-year investment return.

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600W+ Ultra High-Efficiency Solar Modules Boost Global Solar Power Growth Outlook

Major solar module manufacturers continue to make technological advancements, with several now offering modules that are equal to or exceed a power output of 600 watts (W). In June 2020, we highlighted the solar module manufacturers push towards offering high-efficiency solar modules that are equal to or exceed 500W capacity, with Risen Energy being the first to announce a 500W+ module in late 2019.

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China’s Power Sector: On track for transition to clean energy

China’s energy sector is undergoing an unprecedented transition. In a span of five years, from 2015 to 2020, the renewable energy (RE) share in the country’s generation mix grew at a compound annual growth rate (CAGR) of over 28 per cent. Further, over the next five years, is it estimated that another 62 GW of new RE capacity will be added to the country’s capacity mix.

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