Month: March 2023

First Solar receives 1.8 GW solar module contract from EDPR

First Solar receives 1.8 GW solar module contract from EDPR

March 31, 2023 |

First Solar, a US-based solar panel manufacturer, has received a multi-year order from EDP Renewables (EDPR) to supply advanced thin film photovoltaic (PV) solar modules with a total capacity of 1.8 GW direct current. The photovoltaic modules will be installed across all power initiatives created by EDP Renewables North America (EDPR NA) in the US, with deliveries scheduled to happen until 2028. In terms of installed capability, North America is regarded as the largest market for EDPR.

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Vestas secures 1.3 GW wind turbine order in Brazil

Vestas secures 1.3 GW wind turbine order in Brazil

March 31, 2023 |

Vestas, a Danish wind turbine manufacturer, has received a 1.3GW order from Casa dos Ventos, a Brazilian green projects developer. The wind turbines will be installed at two wind farms: the 756MW Serra do Tigre wind park in Rio Grande do Norte and the 554MW Babilônia Centro project in Bahia. Vestas will supply, install, operate, and maintain 168 V150-4.5MW turbines for the Serra do Tigre project and 123 turbines for the Babilônia Centro project.

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EV Charging Costs in US: Briefing

EV Charging Costs in US: Briefing

March 31, 2023 | ,

The study finds the total private and public sector costs of deploying the necessary charging infrastructure through 2030 are reduced when the availability of home charging is increased. The analysis shows that there is significant potential to provide a greater amount of the U.S. population with access to charging at home, and that doing so would be particularly cost-effective.

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Armenia Energy Profile: IEA Report

Armenia Energy Profile: IEA Report

March 31, 2023 | ,

Prompted by a severe electricity supply crisis in the mid-1990s, Armenia has revamped its energy sector over the past 20 years. Parts of the sector have been privatised, some companies have been restructured, most households now have access to gas, and cost-reflective tariffs have been introduced. This has led to ample investment in capacity and networks, which has considerably improved reliability; funding came mainly from the donor community, upon which Armenia still relies for support.

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Clean Energy Investments in India: Report

Clean Energy Investments in India: Report

March 31, 2023 | ,

Avendus Capital has released a new research report on energy transition and clean energy investment in India, in collaboration with Clean Energy Pipeline, an independent research firm based in the UK. According to the study, the Indian energy transition landscape is expected to undergo a sea change over this decade with investments in several emerging businesses that are working towards the decarbonisation of the economy.

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Norwegian government launches first tenders for offshore wind power

Norwegian government launches first tenders for offshore wind power

March 30, 2023 |

The Norwegian government has opened the first national bids for the construction of offshore wind farms. The government is asking for bids for two areas on the Norwegian continental shelf, Srlige Nordsj II and Utsira Nord. The first tenders mark a huge step towards Norway’s ambition to produce 30 GW of offshore wind by 2040.

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ScottishPower awards $1.6 million wind turbine contract to Siemens Gamesa

ScottishPower awards $1.6 million wind turbine contract to Siemens Gamesa

March 30, 2023 |

ScottishPower, a division of Iberdrola, has given Siemens Gamesa a $1.6 billion deal for the supply of wind turbines for its 1.4 GW East Anglia Three (EA3) offshore wind farm. According to the agreement, Siemens Gamesa will provide 95 wind turbines with a 14.7 MW power each for the wind farm that will be built in the Southern North Sea of the UK. EA3, which belongs to the East Anglia zone, is owned by ScottishPower. The project started onshore building in July 2022.

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Brookfield and MidOcean Energy to acquire Origin Energy

Brookfield and MidOcean Energy to acquire Origin Energy

March 29, 2023 |

Midocean Energy and Brookfield Renewable Partners, along with their institutional partners and investors, have struck a Scheme Implementation Deed with Australian power generator and energy retailer Origin Energy to purchase 100 per cent of its shares. The scheme values Origin at $12.4 billion. After the transaction is complete, Brookfield’s institutional investors and allies GIC and Temasek Holdings will own Origin’s energy markets division.

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GE to supply equipment for solar power plant in Turkey

GE to supply equipment for solar power plant in Turkey

March 29, 2023 |

GE has secured a contract from Ecogreen Energy to deliver FLEXINVERTER Solar Power Station technology to the 100 MW Nigde Bor solar power plant in Turkey. The FLEXINVERTER solar power plant will be designed, engineered, procured, and commissioned by GE. The FLEXINVERTER solution comes in a single 20-ft-high cube container and includes a solar converter, a medium voltage (MV) power transformer, and an optional MV ring main unit.

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ISA, UNDP to launch pilot projects in 10 African member countries

ISA, UNDP to launch pilot projects in 10 African member countries

March 28, 2023 |

The International Solar Alliance (ISA) and the United Nations Development Program (UNDP) have announced the launch of the ISA’s first program, Scaling Solar Applications for Agriculture Use (SSAAU), in ten African ISA Member Countries: Benin, the Democratic Republic of the Congo, Mali, Niger, Republic of Sudan, Senegal, South Sudan, Togo, Tuvalu, and Uganda. The project will be carried out over the following two years, and ISA and UNDP have jointly secured $2 million in funding to support it.

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EDF Renewables and Maple Power to construct 1 GW offshore wind farm in France

EDF Renewables and Maple Power to construct 1 GW offshore wind farm in France

March 28, 2023 |

Eoliennes en Mer Manche Normandie, a consortium of EDF Renewables and Maple Power, will build a 1 GW offshore wind facility known as Centre Manche 1 off the coast of Normandy, France. The project company has been announced as the winner of an offshore wind tender launched by the French Ministry of Energy Transition in January 2021. The offshore facility, which will be constructed 32 km off the coast of the Normandy departments of Manche and Calvados, will be able to supply more than 1.5 million people with all of their annual electricity requirements.

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<strong>LG Energy Solution to build $5.5 billion battery manufacturing complex in US</strong>

LG Energy Solution to build $5.5 billion battery manufacturing complex in US

March 27, 2023 |

LG Energy Solution, a South Korean provider of energy solutions, has announced plans to invest $5.5 billion in the construction of a new battery manufacturing plant in the US. The manufacturing facility, which will be built in Queen Creek, Arizona, will be the largest investment ever done in a standalone battery manufacturing facility in North America. It will have two facilities: one for producing cylindrical batteries for electric vehicles and the other to manufacture pouch-type lithium iron phosphate (LFP) batteries for energy storage systems (ESS).

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<strong>OX2 to construct 1.9 GW offshore energy hub in Baltic Sea</strong>

OX2 to construct 1.9 GW offshore energy hub in Baltic Sea

March 27, 2023 |

OX2, a Swedish renewable project developer, has begun construction on a 1.9 GW energy hub called Neptunus in the southern Baltic Sea. The hub, which will be situated in the Swedish economic zone, will be able to generate both electricity and hydrogen. It will include offshore wind turbines as well as equipment for converting electricity to hydrogen. Neptunus will be able to produce 8TWh of power annually, which is equal to 5 per cent of Sweden’s annual electricity consumption.

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Tech Firms Seal US Dominance in Corporate Clean Power Purchasing

Tech Firms Seal US Dominance in Corporate Clean Power Purchasing

March 24, 2023 |

US firms are the most prolific buyers of clean energy. They maintained their lead last year, purchasing over half the record 37 gigawatts of power sold to corporations globally. Technology giants Amazon, Facebook-owner Meta, Microsoft and Google are the world’s top buyers of clean power. Amazon is the runaway leader and the 25 gigawatts it has purchased to date almost equals the clean energy portfolio of a leading utility like NextEra Energy, which has about 30 gigawatts in active operation.

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UK’s Transition from Coal to Clean Energy

UK’s Transition from Coal to Clean Energy

March 24, 2023 |

The UK is now aiming to achieve complete decarbonisation of the power sector by 2035—a world-leading target. This ambition is even more impressive given that power demand in the UK looks set to halt its decline and begin to rise rapidly—doubling by 2050—as more of the UK economy electrifies. There is no single cause for the rapid decline of coal in the UK. Instead, the journey from fossil-fuel dependent to renewables champion can be attributed to five main factors: setting of ambitious short-term targets, the changing economics of coal, policy support for wind power, market reforms, and investments and innovations in the grid.

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<strong>New Zealand to establish 8.5 TWh pumped hydro project</strong>

New Zealand to establish 8.5 TWh pumped hydro project

March 24, 2023 |

The New Zealand government has announced and confirmed that it will create a detailed business case for a pumped hydro scheme at Lake Onslow as part of its efforts to build a resilient, affordable, secure, and decarbonized energy system. The government of New Zealand will look into the feasibility of establishing a pumped hydroelectric facility on the South Island.

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Sustainable Finance: Indian government concludes sovereign green bond sale of Rs 160 billion

Sustainable Finance: Indian government concludes sovereign green bond sale of Rs 160 billion

March 24, 2023 |

In February 2023, the Indian government concluded the sale of Rs 160 billion in SGBs. The first tranche was released in January 2023, raising a total of Rs 80 billion. Of this, Rs 40 billion was raised for a five-year tenor (2028) at a yield of 7.1 per cent. The remaining Rs 40 billion was issued for a 10-year tenor (2033) at a yield of 7.29 per cent. The second tranche of SGBs was released in February 2023, also for Rs 80 billion, divided into two tranches of Rs 40 billion each.

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<strong>Acme collaborates with Airtouch Solar for robotic cleaning systems</strong>

Acme collaborates with Airtouch Solar for robotic cleaning systems

March 24, 2023 |

Airtouch Solar announced signing of a $4 million contract with India based Acme Group for the supply and maintenance of robotic water-free cleaning systems for PV solar panels. The scope of work includes sales, supply, installation, operation, and maintenance of cleaning robots for Acme’s solar plant in Rajasthan.

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Sustainable Energy in America 2023: Factbook by BNEF

Sustainable Energy in America 2023: Factbook by BNEF

March 24, 2023 | ,

The Sustainable Energy in America Factbook – produced annually for the Business Council for Sustainable Energy by BloombergNEF – provides valuable year-over-year data and insights on the American energy transformation. The 2023 Sustainable Energy in America Factbook covers the progress of the energy efficiency, natural gas, and renewable energy sectors.

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Green Bond Pricing in the Primary Market: Report

Green Bond Pricing in the Primary Market: Report

March 24, 2023 | ,

According to the report, all bond labels, including green, social, and sustainability, sustainability-linked and transition bonds (GSS+) offer pricing benefits compared to vanilla equivalents. The analysis – sampling bonds priced in the choppy market period of H2 2022- also revealed green bonds have a strong following of investors which helped get deals over the line in in a faltering fixed income landscape last year.

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