Month: February 2023

<strong>Octopus Energy to buy additional stake in Lincs offshore project</strong>

Octopus Energy to buy additional stake in Lincs offshore project

February 28, 2023 |

Octopus Energy, a UK-based energy company, has increased its shareholding in the 270 MW Lincs offshore wind farm off the east coast of England. The fund management group of Octopus Energy Generation expanded its share in the project from 23.25 to 31.5 per cent by purchasing an additional 7.75 per cent of the 270 MW offshore facility. With this agreement, Octopus has invested $1 billion in offshore wind assets in less than a year.

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<strong>Boom Power receives grid connection for solar project in the UK</strong>

Boom Power receives grid connection for solar project in the UK

February 28, 2023 |

Boom Power, a British energy provider, has won a 237.5 MWac import and export grid connection for the Thorpe Marsh Power Station in Doncaster, South Yorkshire. The company intends to construct a solar power plant that will be connected to battery energy storage systems (BESS), which the UK government has designated as a Nationally Significant Infrastructure Project (NSIP). This project’s local land area is currently being investigated, and feasibility studies are being done to help with the proposal.

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<strong>Essar Group to invest $2.4 billion in UK hydrogen and decarbonisation</strong>

Essar Group to invest $2.4 billion in UK hydrogen and decarbonisation

February 28, 2023 |

Essar Group, an Indian multinational energy company has announced the formation of Essar Energy Transition (EET) to drive the creation of the UK’s leading energy transition hub in North West England. EET plans to invest a total of $3.6 billion in developing a range of low carbon energy transition projects over the next five years, of which $2.4 billion will be invested across its site at Stanlow, between Liverpool and Manchester and $1.2 billion in India.

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<strong>Deutsche Bahn orders 60 hydrogen buses for bus division</strong>

Deutsche Bahn orders 60 hydrogen buses for bus division

February 27, 2023 |

Deutsche Bahn AG has ordered 60 hydrogen buses from Caetanobus in Portugal for its bus company DB Regio Bus, which aims to phase out diesel vehicles by 2038. A framework deal worth up to $42.4 million has been struck between Caetanobus and the German state-owned railroad company. The buses will be delivered by 2026 with the first vehicles to run in the federal states of Lower Saxony and Schleswig-Holstein at the beginning of 2024.

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<strong>TotalEnergies to provide power for Sasol and Air Liquide</strong>

TotalEnergies to provide power for Sasol and Air Liquide

February 27, 2023 |

Sasol and Air Liquide Big Industries in South Africa have signed 260 MW corporate power purchase agreements (PPAs) with French energy company TotalEnergies. The company will produce renewable energy from a 140 MW wind farm and a 120 MW solar plant that it will build in the Northern Cape province. The Secunda site of Sasol will receive 850 GWh of clean energy per year from these projects.

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<strong>Galileo and Hope Group to develop offshore wind farm in Italy</strong>

Galileo and Hope Group to develop offshore wind farm in Italy

February 27, 2023 |

Galileo and Hope Group, two European renewable energy companies, have formed a joint venture (JV) to develop the offshore wind farm in Italy’s Adriatic Sea. The JV will construct the 1.1 GW floating wind plant, known as Barium Bay, 40 km off the coast, stretching from Barium to the north of Barletta. The Barium Bay offshore wind farm will produce enough clean energy to provide more than one million Italian homes.

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Integral Components: <strong>Market overview of solar inverters</strong>

Integral Components: Market overview of solar inverters

February 25, 2023 |

The global solar inverter market is set to grow over the coming years owing to the massive deployments expected for utility-scale solar power consumption as well as solar deployments in residences, commercial establishments, industries, and institutions. The solar inverter industry is likely to be largely driven by technological improvements, increasing demand for solar power and cost reduction in components.

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Benefits of higher renewable energy targets in Germany

Benefits of higher renewable energy targets in Germany

February 25, 2023 |

The level of ambition of the Federal government for the Energiewende has dramatically increased with the new coalition elected in 2021, the share of renewables to be reached in the power mix by 2030 being set at 80 per cent. The German wind industry has however been affected by a slowdown of the expansion of capacities, several rounds of onshore wind and solar auctions being in 2022 undersubscribed. The added value of the Energiewende in terms of job creation has been ambivalent so far.

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Top 10 European solar power markets of 2022

Top 10 European solar power markets of 2022

February 25, 2023 |

The top 10 solar markets in the EU accounted for 87 per cent of all deployments in 2022, a 3-percentage point decline from their proportion of 90 per cent in 2021. Between now and then, the share of the top 5 solar markets has decreased, accounting for 65 per cent of the market as opposed to 75 per cent in 2021 and 78 per cent in 2020. This is also demonstrated by the fact that more nations than the previous year have installed solar power.

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New Program Will Help Ensure Reliable Electricity in Western US

New Program Will Help Ensure Reliable Electricity in Western US

February 25, 2023 |

In the Western region of the United States, the increasing demand for electricity and the need to ensure that resources are adequate to meet this demand led to the establishment of the WRAP. This is an important step toward the ultimate goal of a fully integrated, transparent, and accessible Regional Transmission Organization (RTO) with meaningfully representative governance in the Western region.

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DIF Capital and ib vogt to acquire renewable portfolio in the UK

DIF Capital and ib vogt to acquire renewable portfolio in the UK

February 24, 2023 |

DIF Capital Partners and ib vogt, a German construction company, have agreed to purchase a 100 per cent share in a 720 MW solar and battery project portfolio in the UK. The portfolio will be purchased from Enso Green Holdings (EGHL), a Cero Generation and Enso Energy joint company with headquarters in the UK. It consists of seven project sites, with battery storage making up the remaining 340 MW of its 380 MW capacity. 

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ArcLight Capital Partners sells Great River Hydro for $2 billion in the US 

ArcLight Capital Partners sells Great River Hydro for $2 billion in the US 

February 24, 2023 |

ArcLight Capital Partners and its affiliates have sold the Great River Hydro project in the US to a Hydro-Québec partner for around $2 billion. According to ArcLight, the acquisition for the infrastructure platform for renewable energy concluded on February 10, 2023. The Great River Hydro will be purchased by HQI US Holding, a subsidiary of Hydro-Québec, in October 2022. 

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Polish Energy Strategy: Report

Polish Energy Strategy: Report

February 24, 2023 | ,

To deliver on commitments to increase energy security, the Polish government needs to substantially increase renewables ambition, enable conditions for rapid renewables deployment and reduce gas expansion plans. For these goals, the new PEP2040 document should aim for above 50% of renewable electricity generation by 2030 as well as 100 GW of renewables capacity and a net zero power system by 2040.

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EU-US Decarbonisation: E3G Briefing

EU-US Decarbonisation: E3G Briefing

February 24, 2023 | ,

The US and the EU should work together in shaping a positive agenda for “just decarbonisation” that benefits the most vulnerable and disadvantaged populations on both sides of the Atlantic. In addition to funding and compensation, this should also include a currently missing piece: how disadvantaged groups will have more agency in the transition. 2023 will show whether the two long-standing allies can move past green protectionism to start an upward cycle that keeps equity and justice front and centre on the decarbonisation agenda.

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<strong>European Nations investing in green steel plant projects in Sweden </strong>

European Nations investing in green steel plant projects in Sweden 

February 23, 2023 |

H2 Green Steel has begun production at Europe’s first green steel mill in Boden, northern Sweden. By 2025, the company intends to begin producing steel using hydrogen in place of coal. Green steel will be produced by reacting hydrogen with iron ore, yielding just water vapour. H2 Green Steel will produce its own green hydrogen from a nearby river. The Lule River’s hydropower and nearby wind parks will supply the area’s renewable energy requirements for the plant’s operation and electrolysis, respectively.

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<strong>Fiera and Palisade to acquire all equity interests in Amp US</strong>

Fiera and Palisade to acquire all equity interests in Amp US

February 23, 2023 |

Fiera Infrastructure and Palisade Infrastructure Group have reached an agreement to acquire the entire equity stakes in Amp US Primary Holdings (Amp US) from Amp Solar Group, a Canadian company. Amp US is a community solar and storage project developer and operator based in Denver, Colorado. Currently, the company’s portfolio includes 39 projects with a total capacity of about 200 MWdc.

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NanoGraf secured $65 million for advanced battery material technology

NanoGraf secured $65 million for advanced battery material technology

February 22, 2023 |

NanoGraf, a battery materials company announced a $65 million Series B funding round. Volta Energy Technologies and CC Industries co-led the funding round and witnessed participation from GIC, Emerald Technology Ventures, Material Impact, Arosa Capital, Nabtesco Technology Ventures, TechNexus, and existing investors Hyde Park Angels, Evergreen Climate Innovations, and Goose Capital. 

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ASEAN-Japan Energy Efficiency Partnership: Report

ASEAN-Japan Energy Efficiency Partnership: Report

February 22, 2023 | ,

The report was developed based on the outcomes and recommendations from AJEEP Scheme 2 Training of Trainers from 2016 – 2021, with valuable experiences, technologies and knowledge transfers from Japanese and AMS experts to 10 ASEAN Member States. Deep appreciation is extended to the Energy Efficiency and Conservation Sub-sector Network (EE&C-SSN) Coordinator and Focal Points for the input and feedback in the preparation of this report, as well as their continued support and participation in implementing AJEEP Scheme 2.

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<strong>IberBlue Wind to establish offshore wind project in Portugal</strong>

IberBlue Wind to establish offshore wind project in Portugal

February 21, 2023 |

IberBlue Wind, Spanish-Portuguese offshore wind developer has announced its plans to establish a floating offshore wind farm in Portugal with an installed capacity of 990 MW. The facility named Botafogo will be built offshore from Figueira da Foz. The facility will be spanned over an area of 359 square km.

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