Cepsa will generate green hydrogen at its San Roque Energy Park (Cádiz) by reusing recycled water from a wastewater treatment plant (WWTP). In order to achieve this, the company has a contract in place with the publicly traded company Aguas y Servicios del Campo de Gibraltar (Arcgisa) for the supply of recycled water from the urban effluents of the municipalities of San Roque and Los Barrios at its industrial facilities.
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India’s close friend and ally, Japan, first put hydrogen on the G20 agenda during its presidency in 2019. With India taking over the G20 presidency on December 1, 2022, it must seize the opportunity to propel the green hydrogen discussion to new heights. The years till 2030 are critical for green hydrogen’s development trajectory. India, with its green hydrogen leadership ambitions, can influence the pace and direction of the hydrogen agenda during its G20 presidency.
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The UK government has increased its offshore wind capacity ambitions from 11 gigawatts (GW) of current total installed capacity to 50 GW to be installed over the next eight years. The offshore wind industry shares critical supply chains with the offshore oil and gas sector. Both rely on a limited pool of available ports, vessels and personnel. Stimulating both sectors at the same time will spur competition over scarce resources, driving up costs—which will affect the lower-margin offshore wind sector more severely than the oil and gas sector.
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The US Department of Energy and several other agencies in the federal government offer a wide range of technical assistance programs and opportunities, many of which states can take advantage of. While these programs can be tremendously helpful, information about them is spread across many pages on many different US government and national laboratory websites. This makes it difficult for states to find critical information regarding eligibility, funding, and deadlines.
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Palisade Investment Partners and Aware Super Pty Ltd., as trustees of Aware Super, have agreed to acquire a 49 per cent stake in the 528 MW Stockyard Hill Wind Farm from Goldwind in Australia. The wind farm, which has 149 Goldwind turbines, was completed in September 2022.
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EQT, a global investment company, has announced that its EQT Infrastructure VI fund (EQT Infrastructure) has agreed to purchase Madison Energy Investments (MEI) from Stonepeak Partners affiliates. No financial details have been disclosed.
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High fossil fuel prices have resulted in windfall profits for some energy companies. In fact, the profits of major oil, gas, coal and refinery companies in the first half of 2022 more than doubled from the same period last year, and discussion on windfall profits in the European Union has extended to electricity generators (including renewables-based ones) that can produce electricity at lower marginal costs than natural gas-fuelled power plants.
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The Oregon Solar+Storage Rebate Program was established by the Oregon Legislature in summer 2019 and launched by the Oregon Department of Energy in January 2020. The program provides homeowners with rebates up to $5,000 for solar, and an additional $2,500 for paired energy storage systems when installed together. Low-income service providers—such as nonprofits, municipalities, or other organizations serving low-income Oregonians —are eligible for rebates up to $30,000 for solar, plus $15,000 for paired storage.
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Pledges to support the transition to a net-zero steel sector are growing across both the private and public sector. In September, at Climate Week NYC, six signatory banks — including Citi, Crédit Agricole CIB, ING, Société Générale, Standard Chartered, and UniCredit — launched the Sustainable STEEL Principles (SSP), a climate-aligned finance agreement designed to help achieve net-zero emissions in the steel industry.
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Vietnam has just become the latest country to put in place a Just Energy Transition Partnership (JETP) with the International Partners Group (IPG). Under the terms of the Vietnam JETP, IPG members – including the EU, UK, the United States, France, Germany, Italy, Canada, Japan, Norway and Denmark – will provide an initial US$15.5 billion of public and private financing over the next three to five years to support Vietnam’s goal to achieve a number of new energy transition targets.
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Origis Energy, a solar and energy storage developer based in the US, has granted Mitsubishi Power Americas a contract to provide three utility-scale battery energy storage systems (BESS) with a combined capacity of 150 MW/600 MWh. The Mitsubishi Power Emerald storage system will be installed at three Origis Energy solar photovoltaic (PV) projects in the Southeast US that are set to be online within the next two years. The BESS projects are anticipated to increase the sites’ capacity once they are installed.
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Vattenfall, a Swedish energy company, and Metsähallitus, a Finnish state enterprise, have formed a joint venture to build a 1.3 GW offshore wind farm in Finland. The land and water areas of the Finnish state are managed by Metsähallitus. The offshore wind farm, which will be situated in Korsnäs off the west coast of Finland, will have the ability to produce 5 TWh of clean energy annually.
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This policy makers manual is prepared under the framework of the Global Environment Facility programme aimed at supporting low- and middle-income economies in their transition to electric mobility. It aims to serve as a guide for policy makers to effectively integrate electric vehicle charging into the grid, thereby supporting road transport electrification and decarbonisation.
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The report calls for more ambitious and coherent renewable energy targets, combined with a long-term vision for development of the sector. Implementation of well-designed auctions suitable for local conditions is highlighted as a necessity for well-planned and cost-efficient renewable energy deployment, as well as for attracting new investments while reducing perceived market risk. Further improvement of financial and de-risking instruments is also recommended, as are actions for harnessing renewable energy potential in heating.
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Hydro, Eviny, and Zephyr, all based in Norway, have joined forces to develop an onshore wind project between the cities of Høyanger and Sunnfjord. The proposed facility will require between $302 million and $403 million to build, and it will produce 1 TWh of power in total annually.
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Fotowatio Renewable Ventures Australia has reached financial close on the 300 MWac Walla Walla solar project in New South Wales (NSW). FRV Australia has financing from ING, Clean Energy Finance Corporation, and Export Development Canada.
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Octopus Energy Group, based in the UK, has signed a power purchase agreement (PPA) with Shell Energy Europe to purchase 2.4 TWh of wind energy per year from the Dogger Bank offshore wind farm. In accordance with the agreed-upon agreements, Octopus Energy will receive enough renewable energy from the 3.6 GW Dogger Bank project to power 800,000 of its client houses. Shell Energy Europe has a deal in place to offtake 20 per cent of the energy generated by Dogger Bank.
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The solar industry is waiting on the outcomes of several key policy issues. The first is how Customs and Border Protection (CBP) will manage the approval process under the Uyghur Forced Labor Prevention Act (UFLPA) and the release of hundreds of solar equipment shipments still being detained. And the second is further US government guidance on specific requirements to qualify for the various tax credits and adders in the IRA.
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Voltalia has been chosen as the successful bidder to develop the 123MW solar project in Uzbekistan. In July 2022, Voltalia participated in the auction, which was funded by the World Bank through the IFC Scaling Solar Program.
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The Middle East and North Africa (MENA) region has the high-grade iron ore supply, existing DRI capacity, green hydrogen potential and renewable energy resources necessary for producing green steel, putting it at an advantage worldwide. New investments in these green steel prerequisites in the MENA region by major iron ore, steel and energy producers underline the potential of the region in the green steel transition.
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