Eleven leading companies from six countries have founded the Renewable Carbon Initiative (RCI) to herald the end of the fossil age for all organic chemicals and materials by 2050. The initiative has been launched under the leadership of nova-Institute (Germany).
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Clean Energy Infrastructure, a renewable energy investment management business of Capital Dynamics, has entered into an agreement with LS Power to acquire three of the latter’s solar power projects. These three projects, with a combined capacity of 316 MW, are located in California, Arizona, and Delaware.
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Spanish renewable independent power producer Greenalia is planning to develop four new offshore wind power plants in Spain and has recently filed the project and environmental planning applications. These projects with a total installed power capacity of 200 MW would be located in the vicinity of its 50 MW GOFIO offshore wind farm coming up near Canary Islands.
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Energy giant, Total, has partnered with the Spanish developer Ignis to develop 3.3 GW of solar projects located close to Madrid and Andalusia to expand its presence in the Spanish electricity market. While the first solar projects in this portfolio are scheduled to start in 2022, all the projects are expected to be operational by 2025.
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Swancor Renewable Energy, backed by affiliates of U.S.-based Stonepeak Infrastructure Partners, is developing a 4.4 GW portfolio of offshore wind projects in the northwestern territorial waters of Miaoli County in Taiwan. The portfolio would be spread over three sites: Formosa 4-1, Formosa 4-2 and Formosa 4-3, around 18 to 20 kilometers off the coast of Miaoli County.
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The Energy Transitions Commission’s (ETC’s) new report “Making Mission Possible: Delivering a Net-Zero Economy” provides governments and private sector leaders with a vision of how to invest in the economy of the future and build a healthier, more resilient, net-zero economy.
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The government of Western Australia has issued a call for expressions of interest to develop a massive 1.5 GW renewable energy hydrogen hub in the Oakajee Strategic Industrial Area. The aim of the project is to produce renewable hydrogen for Australian domestic use as well as export. The last date for submission of proposals is December 24, 2020.
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The report “Scenarios for the Energy Transition” assesses a collection of recommendations and country experiences gathered through the activities of the LTES campaign and the LTES Network. The report covers how scenarios can better account for potentially transformational changes and how they can be better used for strategic decision-making by governments and investors.
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MKM Invest Group, a Hamburg-based independent power producer, has raised a EUR 106 million mezzanine debt financing for 579 MW of solar PV projects based on contracted and merchant revenues. The solar portfolio consists of 367 MW of capacity in Germany, 108 MW in Spain, and 104 MW in France.
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As the necessity of energy system transformation gathers pace at a global level, North African countries are increasingly making efforts towards their respective clean energy transitions. Clean energy transitions offer opportunities for North African countries to transform their energy infrastructure in ways that can meet the region’s growing energy demand, create much-needed jobs and promote equitable socio-economic development, diversify their economies, and build climate change resilience, all while achieving low-carbon, sustainable, inclusive economic growth.
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PepsiCo has announced a target to source 100 per cent renewable electricity across all of its global operations. The company has joined the RE100 initiative, an initiative led by the Climate Group in partnership with CDP, to bring together the world’s most influential companies committed to 100 per cent renewable electricity.
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Independent renewable power producer, Innergex Renewable Energy, has signed two 25-year power purchase agreements (PPAs) with the Hawaiian Electric Company to supply power at a fixed price from two solar and energy storage projects. The projects, Barbers Point and Kahana, will be located on the Hawaiian Islands of Oahu and Maui, respectively.
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The Bangladesh Power Development Board (BPDB) has issued a notice inviting interested developers to set up wind power projects at two sites in the country. Both sites, Chandpur and Coz Bazar, will have a 50 MW project each leading to a total capacity of 100 MW.
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GDS Holdings Limited, a leading developer and operator of high-performance data centers in China has signed an MoU with Sembcorp Industries Limited to partner on renewable energy initiatives. Under the agreement, both the companies will collaborate to develop renewable energy solutions for GDS data centers wherever accessible in China.
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Statkraft Ireland has acquired five fully permitted solar projects from Lightsource bp, a global leader in the development and management of solar energy projects. The total capacity of the five projects is 275 MWdc. These acquisitions are the most recent in Statkraft Ireland’s series of renewable energy transactions since 2018.
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Oil giant Equinor has entered into a partnership with two Japanese partners, Jera and J-Power, prior to Japan’s upcoming Round 1 offshore wind auction. The three companies are entering into a joint bid agreement to evaluate and submit a joint bid in the upcoming offshore wind auctions in Japan.
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EDF has launched an inaugural landmark offering of green senior unsecured bonds convertible into new shares or exchangeable for existing shares of the company for a maximum nominal amount of €2.4 billion due in 2024. This new offering is the first convertible bond issued by EDF.
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Swedish energy storage company Azelio and India based Atria Power have signed a MoU to install over 65 MW of energy storage capacity in India. According to the agreement the entire energy storage capacity will be set up until 2025.
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Global mining group BHP has signed a power purchasing agreement (PPA) to meet 50 per cent of its electricity needs across its Queensland Coal mines from green power sources. The said PPA has been signed with CleanCo, Queensland’s state-owned clean energy generator and retailer.
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Mainstream Renewable Power, a global wind and solar developer, has reached financial close for the second phase of its Andes Renovables renewable power platform in Chile. This second phase, called Huemul, will have a total capacity of 630 MW. It comprises of three onshore wind and two solar PV assets.
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