Year: 2022

Boralex acquires a 50 per cent stake in five wind farms

Boralex acquires a 50 per cent stake in five wind farms

December 30, 2022 |

Boralex has finalised the acquisition of a 50 per cent stake in five functioning wind farms totaling 894 MW in the US from EDF Renewables. These projects include the 50 MW Milo and 250 MW Roosevelt developments in New Mexico, as well as the 200 MW Hereford, 200 MW Longhorn, and 194 MW Spinning Spur projects in Texas. Each location was put into service between 2014 and 2016, and all of them feature Vestas turbines, with Hereford also comprising machines from GE Renewable Energy. 

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Enerside to build 249 MW of solar in Brazil

Enerside to build 249 MW of solar in Brazil

December 30, 2022 |

Enerside Energy SA, a Spanish integrated solar PV platform, announced that two solar PV projects with a combined capacity of 249 MW will be built in Brazil in 2023. According to a bourse filing, the company has received a grid connection authorisation for the 207 MW Pudong I solar project in the state of Ceara.

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New York Approves Net Zero Climate Plan!

New York Approves Net Zero Climate Plan!

December 28, 2022 |

On December 19th, New York State finalized an ambitious and comprehensive “Scoping Plan” (weighing in at 445 pages) to implement the Climate Leadership and Community Protection Act (CLCPA)—the groundbreaking climate and equity legislation enacted in 2019 with leadership and extensive engagement from a diverse set of stakeholders across the environmental justice, labor, clean energy, business and environmental communities, and support from NRDC and many others. 

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ACWA Power signs $2.4 billion wind energy PPA agreement in Uzbekistan

ACWA Power signs $2.4 billion wind energy PPA agreement in Uzbekistan

December 28, 2022 |

ACWA Power, a Saudi developer, has signed PPAs and investment agreements with the government of the Republic of Uzbekistan to build the 1500 MW Kungrad wind farm in Karakalpakstan, Uzbekistan. The wind farm, which was previously known as the Karakalpakstan Wind IPP, is anticipated to include three 500 MW wind power projects owned by three subsidiaries. 

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Powering Up: Technology trends in the EV charging space

Powering Up: Technology trends in the EV charging space

December 28, 2022 |

Currently, most EVCSs operate on traditional grids. However, such uncoordinated charging with sudden peaks and troughs in demand can potentially cause fluctuations, leading to outages and deterioration of the grid. Hence, in the up­coming years, the growth of EVCS will be accompanied by the growth of smart grids and captive sources of power. It makes more business sense for an EVCS to have captive capacity, as this re­duces the operational overheads related to power procurement.

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<strong>RWE Renewables to start 835 MW green hydrogen project in Chile</strong>

RWE Renewables to start 835 MW green hydrogen project in Chile

December 28, 2022 |

RWE Renewables, a subsidiary of the German energy company RWE AG, has started work on its first green hydrogen project in Chile, with plans to add approximately 835 MW of electrolysis capacity. The project, known as Vientos Magallanicos or the Winds of Magallanes, will also include 1 GW of wind farms to supply electricity for the electrolysis process.

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<strong>Japan’s Electricity Sector Reforms: Transition to next generation power networks</strong>

Japan’s Electricity Sector Reforms: Transition to next generation power networks

December 28, 2022 |

The power transmission and distribution (T&D) segment has a vital role to play in supporting this objective as electricity networks need to be overhauled to strengthen Japan’s ageing power grid so they can evacuate large-scale renewables while maintaining grid stability and resilience. Towards this end, the 10 general power T&D companies in Japan comprising the Grid Council have formulated a plan titled “Toward Carbon Neutrality by 2050 – Roadmap to the Next Generation of Power Networks”.

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Africa’s extraordinary green hydrogen potential: Briefing

Africa’s extraordinary green hydrogen potential: Briefing

December 28, 2022 | ,

The “Africa’s Extraordinary Green Hydrogen Potential” report represents the first detailed research of the feasible development of green hydrogen across the continent. The new study combines analysis of investment opportunities focusing on three hubs: Mauritania – Morocco, southern Africa and Egypt with a roadmap of technical, economic, environmental and financial solutions to unlock commercial development.

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Japan Green Finance State of the Market : Report

Japan Green Finance State of the Market : Report

December 28, 2022 | ,

Cumulative green bond issuance in Japan is USD37.3bn (JPY4.39 tn), 11th in global country rankings. Green bond issuance in 2021 amounted to USD11.40bn, 5th in 2021 country rankings. In addition to green bonds, Japan’s social and sustainability themed market is showing general trends in growth, with expectations for further increase in the issuance of sustainability-linked bonds especially high.

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Arctech to supply 2.8 GW solar tracking solutions in India

Arctech to supply 2.8 GW solar tracking solutions in India

December 26, 2022 |

Arctech has signed an agreement to supply 2.8 GW of SkyLine II single-axis solar trackers for a 15 GW solar project in Khavda, Gujarat. The project is scheduled to be completed in the third quarter of 2023. SkyLine II is a flagship product with a peculiar edge in the Indian market. The first 1P tracker is designed with a pentagonal torque tube and synchronous multi-point drive mechanism.

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Bruc buys 384 MW solar PV power plants from Opdenergy

Bruc buys 384 MW solar PV power plants from Opdenergy

December 26, 2022 |

Bruc has purchased six solar photovoltaic projects in Spain from Opdenergy. The solar portfolio has a total capacity of 384 MW and is spread across four Spanish provinces, including Cadiz, Zaragoza, Teruel, and Palencia. The six solar PV assets are part of the 1.1GW portfolio, which are part of an agreement reached by the two companies last year, where Bruc agreed to purchase these projects. 

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<strong>Chile Promotes Decarbonisation: Passes Electricity Storage and Electromobility Promotion Law </strong>

Chile Promotes Decarbonisation: Passes Electricity Storage and Electromobility Promotion Law 

December 25, 2022 |

With an aim to support the country’s decarbonisation plans, Chile has enacted a new Law 21505 to promote electrical energy storage and electromobility. It is based on the Proyecto de Ley Sobre Promoción del Almacenamiento y La Electromovilidad or the Electricity Storage and Electromobility Promotion Bill, which received approval from the Senate in October 2022 and has recently been enacted into law.

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Amendments to Germany’s renewable energy schemes

Amendments to Germany’s renewable energy schemes

December 25, 2022 |

The EEG 2023 support scheme, with an overall budget of €28 billion, aims at achieving a share of 80% of electricity produced from renewable energy sources by 2030, with a view to achieving climate neutrality by 2045. Under the scheme, the aid will generally take the form of a market premium paid by the network operator to the producer on top of the market price for the electricity. However, in the case of very small installations, the aid will take the form of feed-in tariffs. Germany also notified an increase of expansion targets for installed capacity of offshore wind energy installations.

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The Energy Transition in 2022

The Energy Transition in 2022

December 23, 2022 |

After two centuries of growth, 2022 was the turning point for the fossil fuel system as we forecast in our analysis in March and reiterated at the end of the year. Putin’s War led to spiking fossil fuel prices and major new policy moves as the result of the security crisis. This led to a surge in supply of renewable energy, a major increase in efficiency, and a new focus on building renewable supply chains. Fossil fuel demand has therefore peaked, squeezed between efficiency and the growth of renewables. Here we look back at how the energy system changed over the past year.

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