Month: December 2024

CIP acquires majority stake in ABO Energy’s wind & hydrogen project

CIP acquires majority stake in ABO Energy’s wind & hydrogen project

December 19, 2024 | , , ,

Copenhagen Infrastructure Partners (CIP) has acquired a majority stake in the Toqlukuti’k Wind & Hydrogen project through its Energy Transition Fund (CI ETF I). This is a large-scale onshore wind and hydrogen project located in Newfoundland & Labrador, Canada. The stake was acquired from Germany-based renewable energy developer ABO Energy, which will remain involved as a minority shareholder and co-developer of the project.

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Walmart and Nexamp collaborate for community solar development in US

Walmart and Nexamp collaborate for community solar development in US

December 19, 2024 | , ,

Nexamp has announced a partnership with Walmart to establish 31 community solar projects across US. These projects are anticipated to produce over 120 MW (DC) of renewable energy. They will also generate significant savings for local businesses and residential subscribers. This is their second collaboration for community solar development. They earlier collaborated in 2021 for community solar developments in New York.

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Ukraine’s Decentralised Energy Future: IEA

Ukraine’s Decentralised Energy Future: IEA

December 18, 2024 | , ,

Analysis shows that a diverse mix of DERs offers a cost-effective and resilient path for Ukraine’s power system recovery. Urgent actions include deploying small gas turbines and DERs such as solar PV and batteries to address a projected 6 GW winter power deficit in 2024/2025. The move towards a greater level of decentralisation in power generation can also support Ukraine in meeting its long-term decarbonisation goals. This roadmap outlines a pathway to rebuild and modernise Ukraine’s power sector amid ongoing attacks on its energy infrastructure.

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Linking Europe and North America for a Sustainable Energy Transition: EMBER

Linking Europe and North America for a Sustainable Energy Transition: EMBER

December 18, 2024 | , , ,

This paper examines how transatlantic interconnection could help both North America and Europe to achieve a more secure and efficient transition to renewable electricity. The future electricity grids of North America and Europe will be increasingly impacted by weather as they seek to decarbonise their energy systems. This paper explores the weather complementarity between the two grids and concludes there is substantial value in interconnection, which can help provide security and efficiency between the energy systems of these two continents.

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Global Analysis of Rural Energy Cooperatives: Report

Global Analysis of Rural Energy Cooperatives: Report

December 18, 2024 | ,

The global landscape is increasingly affected by escalating regional conflicts and unprecedented climate events, fundamentally reshaping international priorities regarding energy security and affordability. Rural regions, which accommodate approximately half of the global population, face disproportionately complex challenges in terms of energy accessibility, infrastructure reliability, and long-term sustainability compared with their urban counterparts. A people-centered approach emphasizing local engagement, equitable access, and benefit sharing represents a fundamental prerequisite for fostering a sustainable rural energy transition and shaping an inclusive national energy landscape. 

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Vestas secures 1.1 GW offshore wind order in Scotland

Vestas secures 1.1 GW offshore wind order in Scotland

December 18, 2024 | , ,

Vestas has received an order for the 1.1 GW Inch Cape Offshore Wind project in Scotland. The order has been secured from Inch Cape Offshore Limited, a joint venture that is equally owned by ESB and Red Rock Renewables. The agreement covers the supply, installation, and commissioning of 72 V236-15.0 MW wind turbines. Upon completion of the project, Vestas will provide a 10-year service agreement.

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Balancing competition, de-risking and decarbonisation: Navigating China’s clean tech boom

Balancing competition, de-risking and decarbonisation: Navigating China’s clean tech boom

December 17, 2024 |

The global clean technology landscape is undergoing a major shift with China at its centre. China now dominates 60% of global zero-carbon technology manufacturing, leading in solar, battery, wind, and heat pump sectors. While this has lowered costs and accelerated the energy transition, it exposes economic and geopolitical challenges, particularly for the US and EU. Geopolitical dynamics across China and the US will need to be monitored into 2025 to ensure balance is struck for the supply of clean technology. In addition, the recent US election also has the potential to drastically shift trade dynamics into 2025

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South Africa Power Restructuring: NTCSA officially launched post-legislation of ERAA

South Africa Power Restructuring: NTCSA officially launched post-legislation of ERAA

December 17, 2024 | ,

Power sector reforms are taking shape in South Africa as it prepares to end the severe power shortages it has faced for several years, caused by the inefficient energy system and inadequate investment by the state-owned utility Eskom. Restructuring the utility has been on the cards for over two decades, but this has finally been legalised through the Electricity Regulation Amendment Act (ERAA) in August 2024. On October 7, 2024, the National Transmission Company of South Africa SOC Limited (NTCSA) was officially launched, three months after it became an independent, wholly owned subsidiary of Eskom Holdings Limited on July 1, 2024. The company is focusing on realising the benefits of the ERAA.

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Vireon secures €3.8 million grant for a 5 MW electrolyser facility in Finland

Vireon secures €3.8 million grant for a 5 MW electrolyser facility in Finland

December 17, 2024 | , ,

Vireon Hydrogen has secured a €3.8 million grant from Business Finland to develop a 5 MW electrolyser facility in Jyväskylä, Finland. Vireon has already started the process of developing the Jyväskylä Hydrogen Hub. Phase one of the project is focused on constructing a hydrogen refueling station for heavy-duty transport which is partly funded by a prior EU grant to the company. This station is set to be operational by 2025.

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Distributed Generation and Net Metering in Michigan: Report

Distributed Generation and Net Metering in Michigan: Report

December 16, 2024 | , ,

This report shows renewable energy projections through 2026 based on the renewable portfolio standard (RPS), voluntary green pricing programs (VGP), integrated resource plans (IRPs), public utility regulatory policies act (PURPA) resources, and the distributed generation and legacy net metering programs. There have been significant legislative changes that will transform Michigan’s electric generation portfolio in the coming years.

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North Africa’s Power Shift: Report

North Africa’s Power Shift: Report

December 16, 2024 | , , ,

This study “North Africa’s Power Shift” by The Middle East Institute aims to highlight current developments, challenges, and opportunities regarding the development of renewable energy in North Africa. To this end, the research and analysis delves into the dynamic and diverse energy landscapes of five North African countries — Algeria, Egypt, Libya, Morocco, and Tunisia — highlighting the distinct pathways each nation is pursuing to tap into its renewable energy potential. 

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Low-Carbon and Just Energy Transition in Asia: Report

Low-Carbon and Just Energy Transition in Asia: Report

December 16, 2024 | , ,

The central focus of this report “Toward A Low-Carbon And Just Energy Transition In Developing Asia” by The Asian Development Bank is on the just energy transition away from coal and toward a low-carbon future in Asia and the Pacific. It encompasses a range of topics, from coal-fired power plant retirement and carbon pricing to renewable investment, infrastructure development, and the mobilization of development financing to transform energy systems. 

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EIB grants €225 million to Prologis for renewable energy projects in Europe

EIB grants €225 million to Prologis for renewable energy projects in Europe

December 16, 2024 | , ,

The European Investment Bank (EIB) has granted a €225 million framework loan to Prologis to facilitate its plan for producing electricity from low-carbon sources. This will be achieved by installing solar panels on the roofs of Prologis’ logistics centers, complemented by battery storage systems. The project will be implemented across multiple locations in Western and Central Europe.

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ASEAN Power Grid Update: Focus on expanding interconnectivity and regional trade

ASEAN Power Grid Update: Focus on expanding interconnectivity and regional trade

December 16, 2024 | , , ,

With rapid industrialisation and urbanisation, ASEAN’s energy demand is expected to continue increasing until 2050 and beyond. While the region remains dependant on fossil fuels to meet the growing demand, it is focusing on a sustainable transition to low-carbon energy sources along with energy security and economic growth. Renewable energy sources (RES) account for over one third of the region’s installed capacity, which is set to increase to over 39 per cent by 2025, surpassing the 35 per cent target for the year.

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AI to Drive UK’s Energy Transition

AI to Drive UK’s Energy Transition

December 16, 2024 |

The UK Government has committed to decarbonising the national electricity grid by 2030 under the Department of Energy and Net Zero Mission Control initiative, pulling the previous target forward by five years, which largely requires increasing electricity generation from renewable sources. The use of AI has the potential to reduce strain on the network and speed-up renewable connections as the UK works to meet its Net Zero targets, while also reducing costs from the operator to the consumer.

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Zero-Emission Bus and Truck Market in US

Zero-Emission Bus and Truck Market in US

December 16, 2024 | , ,

Approximately 120,000 new heavy-duty vehicles (HDVs) were registered in the United States in the first half of 2024. Of these, 1,381 (0.56%) were zero-emission vehicles (ZEVs). There were more zero-emission HDV registrations in the first quarter of 2024 (800) than in the second quarter (581). Zero-emission vehicles accounted for 0.64% of total HDV registrations in Q1 and 0.48% of HDV registrations in Q2, increases of 113% and 60%, respectively, from the 0.30% share for all of 2023.

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