Abu-Dhabi based clean energy company Masdar and Abu Dhabi Airports, the owner and operator of the emirate’s five airports have announced the completion of the 3 MW solar PV project at Abu Dhabi International Airport. This is reported to be Abu Dhabi’s largest solar-powered car park. The project has been set up on the car shading at the short-term car park at the Midfield Terminal.
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BayWa r.e. has recently acquired its long-preferred partner in France, Enerpole, which is a pioneer in the development of renewable energy and was founded in Carcassonne in the South of France in 2005. BayWa r.e. has bought a 600 MW project portfolio from the solar and wind power developer comprising of 300 MW of solar and 300 MW of wind assets.
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This report by Goldman School of Public Policy uses the latest renewable energy and battery cost data to demonstrate the technical and economic feasibility of achieving 80 percent clean (carbon-free) electricity in the United States by 2030. Two central cases are simulated using state-of-the-art capacity-expansion and production-cost models: the No New Policy case assumes continuation of current state and federal policies; and the 80% Clean case requires that a national 80 percent clean electricity share is reached by 2030, along with aggressive transportation electrification.
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According to the recent report by Arab Petroleum Investments Corporation, total 2021-25 MENA energy investments register a modest increase of just USD13 billion over last year’s 5-yr outlook – from USD792 billion to USD805 billion – a clear indication of the magnitude of the 2020 crisis’ impact across MENA despite the region’s relative resilience. Power sector investments in MENA are expected to continue to flourish, characterized by an accelerating shift towards renewables.
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Offshore wind will have a prominent role in India’s energy transition. As the world’s third- largest producer and fourth-largest consumer of electricity, India’s energy demand is forecast to grow between 6-7% year-on-year over the next decade. This will in turn require a large-scale and reliable renewable energy supply. As a clean, affordable, scalable and sustainable indigenous resource, offshore wind can become an important pillar for India to meet its power demand and wider strategic energy aims.
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Dust and soils have negative impacts on the efficiency of PV panels. Therefore, the importance of cleaning PV panels is considerable from both economic and performance points of view. A key factor to maximizing the economic advantage is the determination of cleaning times. There is no specified cleaning cycle for PV panels, and the soiling rate of the region mostly determines the cleaning frequency.
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San Diego Gas & Electric will deploy roughly 2,000 new electric vehicle charging stations at apartment and workplaces across the San Diego region, under a $44 million program approved by the California Public Utilities Commission. The investment will allow the utility to help fill the need for charging infrastructure at workplaces and apartment complexes where cars are parked for long periods, supporting accelerated EV adoption and California’s ambitious transportation electrification goals.
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Australia has some of the best renewable energy resources in the world, and right now it has the best ever opportunity to harness them for national and global good. WWF’s Renewable Superpower Scorecard presents a snapshot of how Australia’s state, territory and federal governments are performing in the race to become a renewable superpower.
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Canada-based Northland Power Inc. has entered into a definitive agreement for the acquisition of an operating portfolio of renewable power projects in Spain. It has also announced a concurrent $900 million bought deal equity financing to fund both, the acquisition as well as the development of its 4 to 5 GW identified project pipeline.
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Ørsted has entered into an agreement with Brookfield Renewable to acquire a 100% equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). With this transaction, Ørsted will enter the European onshore wind market. The transaction is expected to close by Q2 2021 and BRI’s existing management team will continue to run the business which will be integrated into Ørsted’s Onshore business unit over time.
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The Indian government’s e-governance services arm Common Services Center (CSC) has announced a collaboration with the leading power company Tata Power to set up solar-powered micro grids and water pumps in rural areas across the country. As per the partnership, Tata Power plans to set up 10,000 micro grids to support rural customers. Moreover, over 375,000 CSCs will be involved in supplying solar water pumps to farmers.
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As the world’s largest greenhouse-gas emitter, China will make or break the global quest for climate neutrality by the middle of the century – the only way to limit the global average temperature increase to 1.5°C. Consequently, President Xi’s announcement in September 2020 of China’s new objective to peak CO2 emissions before 2030 and achieve carbon neutrality by 2060 was broadly welcomed. But President Xi offered no detail on how China could turn this vision into reality, and an examination of China’s current plans shows clearly the goal will not be achieved without major changes.
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There is a growing conversation around the role that hydrogen can play in the future of the UK, and how to best harness its potential to secure jobs, show climate leadership, promote industrial competitiveness and drive innovation. The Government’s ‘Ten Point Plan for a Green Industrial Revolution’ included hydrogen as one of its ten actions, targeting 5GW of ‘low carbon’ hydrogen production by 2030. Britain is thus joining the EU, US, Japan, Germany and a host of other countries seeking to be part of the hydrogen economy of the future.
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The National Renewable Energy Laboratory’s (NREL’s) U.S. Solar Photovoltaic System and Energy Storage Cost Benchmark: Q1 2020 documents a decade of cost reductions in solar and battery storage installations across utility, commercial, and residential sectors. NREL’s cost benchmarking applies a bottom-up methodology that captures variation in system design and regional costs, helping to identify future research and development directions that could further reduce costs.
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The largest global IKEA retailer, Ingka Investments has announced its plans to acquire a 49% stake in 8 solar PV parks in south-west Russia. With a total power capacity of 160 MW, these solar parks will be able to supply electricity to all the 17 IKEA stores in Russia along with few of the MEGA shopping centres based around the country.
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In response to the economic slowdown, most governments in the Asia‐Pacific region have implemented economic recovery packages. Strategies have varied. Strategies have varied. Some have focused directly on livelihoods and healthcare, while others have increased investment in infrastructure. A few have declared strong green recovery strategies intended to guide the entire economy in a new direction.
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In the APAC region, offshore wind will act as an accelerator of the energy transition. Taiwan has fast emerged as a key offshore wind market in the region. Japan is clearly the next upcoming market. South Korea could be a very big market for floating offshore wind owing to very conducive conditions for this type of offshore wind installations. Vietnam is another potential market owing to tremendous fundamentals.
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Talen Energy Corporation has entered a joint venture with Pattern Energy Group LP for expansion of its renewable energy portfolio. The new venture, PT Energy Transitions, will pursue the development, financing, construction and operation of approximately 1.4 GW of utility-scale renewable energy projects over the next five years.
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Australia headquartered beverage company Coca-Cola Amatil announced that it has joined the global RE100 renewable energy initiative with a target to power its entire operations across six countries through renewables by 2030. Further, it has targeted to achieve 100% renewable energy powered operations by 2025 in Australia and New Zealand.
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India-based EPC company, Larsen & Toubro (L&T) has secured the go-ahead to begin constructing the 300 MW Jeddah Solar PV Power Plant in Saudi Arabia. The renewables arm of its power transmission and distribution business received the turnkey EPC order from a consortium of Masdar, EDF Renewables and Nesma Company.
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