Month: March 2025

CIP secures AUD 814 million financing for green hydrogen project in Australia

CIP secures AUD 814 million financing for green hydrogen project in Australia

March 24, 2025 | , ,

Copenhagen Infrastructure Partners (CIP) through its CI Energy Transition Fund I (ETF I) has secured AUD 814 million for the Murchison green hydrogen project in Western Australia. This financing has been secured through the Australian Government’s Hydrogen Headstart program. This green hydrogen project will produce approximately 1.8 million tonnes of green ammonia annually. It is located 20 km north of Kalbarri in the mid-west region .

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Indonesian Electric Vehicle Boom: A temporary trend or a long-term vision?

Indonesian Electric Vehicle Boom: A temporary trend or a long-term vision?

March 24, 2025 | , ,

Indonesia is pursuing policies to accelerate the adoption of electric vehicles (EVs) and build a thriving domestic industry. However, to maximize long-term benefits, the government must ensure foreign manufacturers do more than just sell cars—they need to invest in local jobs, supply chains, and technology transfer. While Indonesia’s EV incentive policies reflect a strong commitment to increase market adoption, there remain several risks to achieving the long-term goals of fostering investment, local job creation, and industrial development. The simultaneous application of potentially conflicting incentives—duty-free imports for CBU EVs and subsidies tied to local content—may create an uneven playing field.

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Sharing Electricity Across Borders Could Bolster Energy Security

Sharing Electricity Across Borders Could Bolster Energy Security

March 24, 2025 |

Energy security is a growing concern as more frequent heat waves and winter storms, ballooning populations, electrification, new data centers and manufacturing put additional demand on power systems. While some countries are emphasizing ‘energy independence’ as a solution often with a focus on fossil fuels others are addressing energy security concerns more affordably and sustainably: by sharing electricity with their neighbors. Regional electricity trade can offer significant benefits. Countries are increasingly looking across borders to build resilience, mitigate fuel delivery risks, reduce price volatility and meet ambitious clean energy targets. To mitigate these risks timely and affordably, regions can learn from each other to accelerate infrastructure investments and market implementation needed to scale electricity reliably and sustainably.

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Wind and solar overtake coal in US: EMBER

Wind and solar overtake coal in US: EMBER

March 24, 2025 | , , ,

In 2024, electrified vehicles made up 20% of all new car sales in the US, with full electric vehicles comprising 9%. Meanwhile, retail electricity prices increased by 3.0% in 2024, in line with economywide inflation; commercial prices rose 2.1% and industrial prices rose only 1.4%. Several major grid expansion projects were proposed in 2024 to enhance resilience as electricity demand rises and renewables grow. Wind and solar combined produced a record 17% of US electricity in 2024.

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State of EU’s Steel Transition

State of EU’s Steel Transition

March 24, 2025 |

Sending the right policy signals, increasing investor pressure and raising awareness of this risk will be key to making sure these plant owners have the confidence to invest in near-zero emissions technologies instead of relining. It is, therefore, crucial that EU and Member State policymakers responsible for industrial and economic planning consider a faster transition of the steel sector in their respective countries and adjust policies accordingly.

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Zelestra and Abastible ink PPA for solar and storage project in Chile

Zelestra and Abastible ink PPA for solar and storage project in Chile

March 21, 2025 | , , ,

Zelestra and Abastible have inked a long-term power purchase agreement (PPA) for the sale of electricity from 100 per cent renewable sources. Under this agreement, the companies will utilise a tailor-made energy solution that consists of a 220 MWdc solar PV plant and a 1 GWh battery energy storage system.  Furthermore, this hybrid plant is situated in Tarapacá, Chile, and has already commenced construction.

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Verdagy awards FEED contract to Black & Veatch for 60 MW clean hydrogen plant in Texas

Verdagy awards FEED contract to Black & Veatch for 60 MW clean hydrogen plant in Texas

March 21, 2025 | , ,

Verdagy has selected Black & Veatch as a front-end engineering design (FEED) contractor for its 60 MW clean hydrogen project. It has a production capacity exceeding 9,000 tonnes of clean hydrogen annually.  Furthermore, FEED is targeted for completion in May 2025, and the final investment decision in July 2025. This project will utilise Verdagy’s eDynamic electrolysers and will match ESCORT’s grid’s energy variations.

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Building the Future Transmission Grid: IEA Report

Building the Future Transmission Grid: IEA Report

March 20, 2025 | ,

Building on the analysis Electricity Grids and Secure Energy Transitions, this report identifies actionable strategies to address challenges related to the supply chain for grid infrastructure, with a focus on transmission lines with voltages that exceed 66 kilovolts. It highlights growing constraints in the supply chain, the need for long-term procurement mechanisms, and the importance of coordinated planning to ensure timely infrastructure development.

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GX Green Transformation in Japan: Report

GX Green Transformation in Japan: Report

March 20, 2025 | , ,

Climate Bonds has identified three key policy opportunities for Japan in the coming year. First, enhancing national energy security by leveraging renewable energy to drive regional revitalization. Second, asserting global leadership by providing innovative solutions for the energy transition. Finally, positioning Tokyo as Asia’s leading hub for transition finance to attract investments and accelerate the green transformation.

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Net-Zero Transport in Canada: Report

Net-Zero Transport in Canada: Report

March 20, 2025 | , ,

A clean passenger transport system—based on walking, cycling, public transit, and zero-emission vehicles—can reduce costs for households and empower Canadians to easily get where they need to go, while making cities cleaner, quieter, and safer for everyone. Zero-emission vehicles, coupled with an increasingly robust charging network, can meet much of the remaining passenger transportation needs across Canada’s cities, towns, and rural communities.

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European Electricity and Gas Markets: Report

European Electricity and Gas Markets: Report

March 20, 2025 | , ,

Europe’s energy landscape is at a crossroads. Renewable energy saw significant growth, accounting for 34% of power generation in 2024. Early 2024 marked some of the lowest energy prices since 2021, thanks to a strong renewable supply and nuclear recovery in France. Inflexible generation kept EU summer electricity prices low, causing more negative price events, increasing by 50% in 2024.

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RWE and Meta ink PPA for 200 MW solar project in Texas

RWE and Meta ink PPA for 200 MW solar project in Texas

March 20, 2025 | , ,

RWE and Meta have inked a power purchase agreement (PPA) for offtake from a 200 MW solar project situated in Texas. Under this agreement, Meta will purchase 100 per cent of the output from RWE’s Waterloo Solar project in Bastrop County. This project will commence construction later in 2025. Furthermore, this project once operational will support Meta’s goal of matching its operations with 100 per cent clean and renewable energy.

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DTE Energy invites proposals for 450 MW energy storage projects in Michigan

DTE Energy invites proposals for 450 MW energy storage projects in Michigan

March 19, 2025 | , ,

DTE Energy has issued a request for proposal (RFP) for standalone energy storage projects with a capacity of approximately 450 MW. These projects will support DTE Electric’s CleanVision Integrated Resource Plan and Michigan’s goal of achieving 60 per cent renewable energy by 2030. These projects must be located in Michigan and connected to the Midcontinent Independent System Operator (MISO) or distribution-level transmission.

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Quinbrook reaches financial close for the Cleve Hill solar plus storage project

Quinbrook reaches financial close for the Cleve Hill solar plus storage project

March 19, 2025 | , , ,

Quinbrook Infrastructure Partners (Quinbrook) has reached financial close of debt financing for Cleve Hill Solar Park (Cleve Hill). This is a solar plus battery storage project currently under construction. The project has a solar capacity of 373 MW and a storage capacity of 150 MW and is expected to commence operations in 2025. Furthermore, the project financing combines a GBP 218.5 million term loan and a GBP 20 million VAT facility.

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Philippines launches GEA-4 to add 9,378 MW of renewable energy

Philippines launches GEA-4 to add 9,378 MW of renewable energy

March 18, 2025 | , , ,

The Department of Energy (DOE) of the Philippines has released the terms of reference (TOR) for the fourth round of the Green Energy Auction (GEA-4). The TOR lays out the technical, financial, and commercial requirements for project selection, ensuring a fair and competitive bidding process. The GEA-4 aims to add 9,378 MW of new capacity from ground-mounted solar, roof-mounted solar, floating solar, and onshore wind projects.

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Ark Energy and Hanwha Energy ink contract for BESS in Australia

Ark Energy and Hanwha Energy ink contract for BESS in Australia

March 18, 2025 | , ,

Ark Energy has inked a supply contract with Hanwha Energy for its Richmond Valley Solar & BESS project in New South Wales. This contract focuses on manufacturing, delivery, and installation of a lithium iron phosphate battery with a 275 MW power capacity and an energy storage capacity of up to 2,200 MWh over eight hours. Furthermore, under this contract, Hanwha Energy will provide Ark Energy with a complete BESS solution, including batteries and inverters.

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RWE and TotalEnergies ink offtake agreement for green hydrogen

RWE and TotalEnergies ink offtake agreement for green hydrogen

March 17, 2025 | , ,

RWE and TotalEnergies have inked a long-term offtake agreement for the purchase of green hydrogen over 15 years. Under this agreement, TotalEnergies will purchase around 30,000 metric tonnes of green hydrogen per year from RWE for its refinery in Leuna (Saxony-Anhalt). Furthermore, this 30,000 metric tonnes of green hydrogen will be produced by RWE in their 300 MW electrolysis plant in Lingen (GET H2 Nukleus).

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Voltalia inks PPA for 526 MW hybrid project in Uzbekistan

Voltalia inks PPA for 526 MW hybrid project in Uzbekistan

March 17, 2025 | , , ,

Voltalia has inked a power sales agreement for its hybrid project in Uzbekistan. This hybrid project comprises 126 MW of solar energy, 300 MW of wind power, and 100 MW/200 MWh of battery storage. The agreement extends for 25 years for the wind and solar projects and for 15 years for the storage projects.  Furthermore, the construction phase is set to begin in the first quarter of 2026 for solar and storage projects and in the third quarter of 2026 for wind power.

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Chile’s Energy Transition: Focus on accelerating transmission development

Chile’s Energy Transition: Focus on accelerating transmission development

March 17, 2025 | ,

Chile has been formulating policies and a legal framework to achieve its 2030 target of meeting 70 per cent of its energy consumption from renewable energy sources (RES) and the 2050 carbon neutrality goal. This is, however, contingent on identifying and relieving congested transmission networks, continued collaboration among all stakeholders and proactive investment. The timely and orderly implementation of the Energy Transition Law will help accelerate the expansion of the transmission system, unlock the country’s RES potential and ensure a sustanable energy future.

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