Month: January 2023

NSW shortlists 4.3 GW of wind, solar and storage projects in first renewables auction

The government of New South Wales (NSW) has shortlisted 16 projects for its first renewable tender auction in Australia. The projects’ combined power generation and long-term storage capacity total more than 4.3 GW. They were selected in line with the NSW Electricity Infrastructure Roadmap, which aims to build 2 GW of duration storage and at least 12 GW of renewable capacity in the state by 2030.

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OX2 to construct 1.4 GW offshore wind farm in Finnish economic zone

OX2, a Swedish renewable project developer, has begun construction on the Tyrsky offshore wind farm in the Gulf of Bothnia, near Finland. The 1.4 GW offshore project will be situated about 30 km north-west of Kaskinen in the Finnish Economic Zone, southwest of Vaasa. It will be equipped with 100 wind turbines and will be capable of producing 6 TWh of renewable energy per year. The Finnish government granted OX2 a research permit for the Tyrsky wind farm in 2022.

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GreenGo Energy to develop Megaton green energy park in Denmark

GreenGo Energy, a Danish company, has teamed with the municipality of Ringkbing-Skjern to develop a 4 GW green energy park. The Megaton project, located in the municipality of Ringkbing-Skjern, will be constructed at the upcoming Stovstrup substation east of Tarm. Its construction will require an investment of $8.7 billion in total. In addition to a 2 GW offshore wind project that GreenGo intends to develop, the 4,000 ha Megaton energy park will also include onshore solar and wind projects.

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Equinor, bp bid to expand offshore wind project off New York

Equinor and BP have joined forces to bid in New York’s third offshore wind solicitation (NY3), having submitted a request to the New York State Energy Research and Development Authority (NYSERDA). The companies will compete in the NYSERDA auction for the Beacon Wind II lease area, which has more than 1.3 GW of potential clean energy capacity. Beacon Wind II, located 60 miles from the Long Island coast, has the capacity to provide clean energy to over one million homes in New York while creating ‘thousands’ of employment in the region.

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RWE, PPC partner to develop solar projects in Greece

RWE and PPC Renewables have collaborated to build more than 200 MW of solar capacity in Greece, speeding the country’s energy transition. RWE and PPC have made the final investment decision on five solar photovoltaic (PV) projects through their joint venture company Meton Energy. The five solar PV projects, totaling 210 MWp (175 MWac), will be built in the Western Macedonia region of northern Greece.

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Reactive Power Management for Renewable Energy Integration

The increased injection of renewables causes voltage fluctuations in the gr­id, causing harmonics, flicker ph­e­nomena, unbalanced loads and power oscillation, thus impacting pow­er quality and power transfer capability. There­fore, reactive power management is crucial to ensure grid stabilisation, enable voltage management and maintain po­wer quality. Reactive power ma­na­geme­nt reduces voltage fluctuations and im­proves the stability of AC systems.

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Expanding the US Grid: DOE announces USD13 billion BIL funding for transmission

The Biden Administration has been working on advancing transmission buildout to deliver 100 per cent clean electricity by 2035 and reducing greenhouse gas emissions to 50-52 per cent below 2005 levels by 2030. To support these goals, huge dedicated federal funding allocations have been made for grid modernisation under the Bipartisan Infrastructure Law (BIL), enacted as the Infrastructure Investment and Jobs Act (IIJA) in November 2021.

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UK signs agreements for six offshore wind projects

In a major milestone for the UK’s energy security and net zero commitments, The Crown Estate announced that it has signed Agreements for Lease for six offshore wind projects which could begin to generate green electricity by the end of the decade and have the potential to generate c.8GW of renewable electricity, enough for more than seven million homes. Signing these agreements represents a significant moment in the UK’s response to climate change and energy security, and further bolsters the country’s thriving offshore wind industry, reinforcing its position as the second largest offshore wind energy generator in the world.

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IRA Impact on US Utilities: Paper

Five actions utilities should assess and prioritize in order to prepare for IRA-related opportunities and challenges. Communication priorities with regulators, state energy offices, and customers related to the IRA. Key considerations for different types of utilities, depending on their corporate structure (investor-owned, cooperative, municipal utility) and lines of business

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Renewable Energy Innovation in Eastern Europe: Report

Targets should be integrated into Member States’ NECPs to ensure that the target sits within the heart of a Member State’s energy and climate planning but remains flexible to allow for new developments and new technologies. The attached document “Innovation in Eastern European Countries” by EUREC contains a brief look at the potential of renewables (and particularly innovative renewables) in some Member States – with a focus on Eastern Europe.

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Green Fiscal Stimulus in Vietnam and China: Paper

Using the case of two emerging economies, Indonesia and Vietnam, this paper investigates whether the stimulus plans align with a country’s sustainable energy and climate targets. This study finds that despite ambitious country targets for green energy transition, these countries may miss opportunities for a green future due to limited fiscal measures directed to green recovery. The pandemic has exacerbated public fiscal budgets that may further limit the capacity to fund green projects.

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Copenhagen Infrastructure Partners divests ownership of Travers Solar

Copenhagen Infrastructure Partners (CIP), a Danish investment company, has announced the sale of its entire ownership in Travers Solar, a 465MWac/ 691MWdc project. For an undisclosed amount, the stake was sold to a Canadian fund run by Axium Infrastructure. The deal was concluded by CIP on behalf of its Copenhagen Infrastructure Fund IV.  Located about 130 km south of Calgary, Alberta, Travers Solar began commercial operations in November 2021.

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Enel Green Power signs 220 MW PPAs with Air Liquide and Sasol in South Africa

Enel Green Power (EGP), a subsidiary of the Italian energy firm Enel Group, has signed 220 MW power purchase agreements (PPAs) with Air Liquide and Sasol in South Africa. The largest oxygen production facility in the world, operated by Air Liquide at Sasol’s Secunda location, will begin receiving renewable energy from EGP in 2025. The renewable energy will be supplied by EGP’s two wind farms in the Eastern Cape, which can generate more than 800 GWh of clean energy annually when combined.

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US Offshore Wind Supply Chain Roadmap

The national offshore wind energy target of 30 gigawatts (GW) by 2030 referenced the potential benefits of establishing a domestic supply chain. NREL led the 30 GW by 2030: A Supply Chain Road Map for Offshore Wind in the United States project to create a road map that identifies challenges and solutions to developing a nationally focused offshore wind energy supply chain that has the potential to manufacture all major components domestically by 2030.

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Decarbonisation of European Heavy Duty Vehicles: Paper

The study finds that battery-electric trucks are the most cost-effective technology for meeting the HDV CO2 reduction targets. The cost-optimal technology market share to meet a 60% CO2 reduction target by 2030 involves transitioning to battery-electric technologies for most truck segments, without fully exploiting the CO2 reduction potential of diesel trucks. A CO2 reduction target of 100% by 2040 would allow only the registration of zero-emission trucks, such as battery-electric and hydrogen fuel-cell technologies.

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India’s Green Hydrogen Mission Document

India’s Ministry of New and Renewable Energy (MNRE) has released a detailed document of its National Green Hydrogen Mission. The overarching objective of the mission is to make India, a global hub for production, usage and export of green hydrogen and its derivatives. It also aims to make India a leader in technology and manufacturing of electrolysers and other enabling technologies for green hydrogen.

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Hexicon wins grid permits for 7.1 GW of floating wind in Italy

Hexicon AB, a Swedish floating wind specialist, has been granted permission to connect six floating wind facilities in Italy with a total capacity of 7.1 GW to the national grid. Reportedly, the permits were granted by Italian transmission system operator (TSO) Terna SpA. The Swedish developer is active in Italy through AvenHexicon, a 50-50 joint venture with local renewables developer Avapa Energy Srl.

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Construction of Finland’s first green hydrogen plant begins

P2X Solutions Oy, a Finnish provider of Power-to-X technology, has officially begun work on a 20-MW project that will build Finland’s first commercial-scale green hydrogen production station. The plant, which will be situated in the town of Harjavalta in the region of Western Finland, will generate green hydrogen using technology supplied by Germany’s Sunfire GmbH.

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Innergex to acquire 60 MW solar portfolio in Ontario, Canada

Innergex Renewable Energy, a Canadian hydroelectric power firm, has agreed to buy Fengate Asset Management’s Sault Ste Marie solar portfolio. The Sault Ste Marie I, II, and III facilities are part of the 60 MW solar portfolio, which is situated in northwest Ontario.  It was sold for a consideration of C$50.2 million, along with the assumption of C$169.5 million of existing debt.

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Lightsource bp closes first tax equity deal for 481 MW solar portfolio

Lightsource bp has closed on a $267 million tax equity investment from Wells Fargo & Company, a Fortune 500 financial services company with roughly $1.9 trillion in assets. Along with the sponsor equity investment made by Lightsource bp, Wells Fargo’s tax equity investment finalises the debt financing package that was first finalised in December 2021. Well Fargo’s investment will support the construction and operation of a two-project portfolio totaling 481 MW, which are among the largest projects in each state, and include a 346 MW Oxbow Solar in Pointe Coupee Parish, Louisiana with energy sales to McDonald’s and eBay; and a 135 MW Conway Solar near Happy, Arkansas with energy sales to Conway Corp.

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