Year: 2023

<strong>CSI Energy receives 550 MWh battery storage order in UK </strong>

CSI Energy receives 550 MWh battery storage order in UK 

January 6, 2023 |

CSI Energy Storage, a subsidiary of Canadian Solar, has won a contract to supply up to 550 MWh of battery storage capacity to Pulse Clean Energy in the UK. The 550 MWh of capacity has CSI Energy Storage’s proprietary SolBank system and will be installed at several of Pulse’s locations. In the UK, Pulse has established a pipeline of grid-scale battery storage and energy optimisation projects with a combined capacity of more than 2 GWh. 

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Hannon Armstrong finances AES’ 1.3 GW renewable portfolio

Hannon Armstrong finances AES’ 1.3 GW renewable portfolio

January 5, 2023 |

Hannon Armstrong Sustainable Infrastructure Capital (HASI), a US-based energy investment company, has invested in two grid-connected renewable energy assets that are owned and operated by electricity provider AES. The company has invested in a 1.3 GW portfolio of renewable energy projects, including solar and wind projects created, owned, and managed by AES. Additionally, it plans to buy a 49 per cent stake in the portfolio, which consists of one wind project and 17 current solar projects. 

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Renewable Heat in Germany: Briefing

Renewable Heat in Germany: Briefing

January 5, 2023 | ,

Even beyond the current crisis, fossil gas will be significantly more expensive in Germany than in previous years. Germany will face additional costs of €120–200 billion by the end of the decade.Germany should fully exploit the savings potential in its building sector. Germany needs a “renewable heat program” to make full use of the huge savings potential in its building sector.

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Diversifying the U.S. Renewable Energy Supply Chain: Report

Diversifying the U.S. Renewable Energy Supply Chain: Report

January 5, 2023 | ,

As the U.S. renewable energy economy expands, intentional commitments for equitable economic and workforce development will be critical to achieving the nation’s just transition objectives and building a diverse domestic manufacturing supply chain. Recognizing clean energy manufacturing as a significant opportunity for U.S. economic growth, the federal government and states are undertaking actions to help onshore manufacturing and develop more robust domestic renewable energy and battery storage supply chains.

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Scaling Credible Transition Finance in ASEAN: Report

Scaling Credible Transition Finance in ASEAN: Report

January 5, 2023 | ,

This report has been prepared by the Climate Bonds Initiative and supported by the Oak Foundation. It presents the results of an examination of published sustainability and transition plans of several entities operating in the hard-to-abate sectors in ASEAN to assess the current state of transition planning and provide recommendations for next steps.

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Brazil connects 6.5 GW of non-hydro renewables in 2022

Brazil connects 6.5 GW of non-hydro renewables in 2022

January 4, 2023 |

According to the power sector regulator Aneel, Brazil has approved 6,504.7 MW of wind, solar, and biomass power facilities to start operating in 2022. In total, the country added 8,235.1 MW of capacity in 2022, far exceeding the goal of 7,625 MW established for the relevant time. Wind farms supplied 2,922.5 MW, while solar and biomass-fired plants supplied 2,677.3 MW and 904.9 MW, respectively. The remaining 1,355.7 MW and 374.6 MW were generated by thermal power facilities using fossil fuels.

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Mostly Sunny: <strong>Analysing global solar power trends</strong>

Mostly Sunny: Analysing global solar power trends

January 4, 2023 |

By end 2021, the world had installed 940 GW of operational solar energy. Over the past few ye­ars, while countries such as China and the US have maintained their leadership positions in the solar market, others such as India and Spain are increasingly beco­ming competitive. This article identifies the frontrunners in global solar deployment, the key drivers of growth and the outlook for the sector.

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Strong Support: <strong>Overview of the solar mounting structure market        </strong>

Strong Support: Overview of the solar mounting structure market        

January 4, 2023 |

Module mounting structures have an important part to play in the functioning of a solar power plant. They are the supporting structures that hold solar panels to the ground. In order to harness solar power efficiently, mounting structures need to be manufactured and installed at sites in a specific way. How­ever, the quality of mounting structu­res is often compromised to cut costs.

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Indian government green lights the National Green Hydrogen Mission

Indian government green lights the National Green Hydrogen Mission

January 4, 2023 |

The Union Cabinet of the Indian government has approved National Green Hydrogen Mission on January 4, 2023.  The mission has an initial budget outlay for Rs.197,440 million. This comprises of an outlay of Rs.174,990 million for the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT) programme, Rs.14,660 million for pilot projects, Rs.400 million for R&D, and Rs. 388 million towards other components. 

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New Greenwashing Rules in UK: Briefing

New Greenwashing Rules in UK: Briefing

January 4, 2023 | ,

The UK Financial Conduct Authority (FCA) is consulting on new rules to clamp down on ‘greenwashing’ by increasing the transparency around the sustainability credentials of investment products. The proposed rules are contained in its Consultation Paper on Sustainability Disclosure Requirements (SDR) and investment labels, which set out a specific labelling and disclosure regime that builds upon its November 2021 Discussion Paper on this topic.

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Energy Storage Benefit-Cost Analysis in US: Report

Energy Storage Benefit-Cost Analysis in US: Report

January 3, 2023 | ,

Battery storage is a particularly difficult technology to assess with a BCA, for several reasons. This report presents a BCA framework for battery storage and attempts to address many of the uncertainties state energy agencies may encounter. The report is based on best practices gleaned from numerous BCAs undertaken by early adopter states, as well as related literature about how to value battery services.

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