bp has proposed a large blue hydrogen production facility with a targeted capacity of 1 GW by 2030. The project, H2Teesside, would capture and send for storage up to two million tonnes of carbon dioxide per year. The project would be located in Teesside in north-east England which is in close proximity to North Sea storage sites, pipe corridors and existing operational hydrogen storage and distribution capabilities.
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Wärtsilä will supply advanced energy storage solutions with a total capacity of 200 MW to Able Grid Energy Solutions. This will entail two interconnected stand-alone systems, Madero and Ignacio, in southern Texas in United States. The energy storage systems will be supplied to Able Grid Energy Solutions, Inc. (“Able Grid”) as per an order placed by the company in February 2021.
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Capital Dynamics owned Clean Energy Infrastructure (CEI) has acquired a 100 percent equity stake in a 50 MW solar power project in Southern Spain. The 50 MW Puerto Real 2 project has been acquired from WElink Group which is a leading global developer of renewable energy solutions. This is a subsidy-free project and is located near the 133 MW Puerto Real 1 project in the town of Puerto Real in Cadiz province.
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Telecom company Orange has signed a Corporate Power Purchase Agreement with Total, through its subsidiary Total Quadran. This is a 20 year contract, as part of which Total will supply Orange with 100 GWh renewable electricity every year. To honour this agreement, Total will develop a dozen new solar power plants with a total capacity of 80 MW by 2024, spread throughout metropolitan France.
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Wärtsilä will deliver a barge-mounted energy storage system for Therma Marine Inc. (TMI), a subsidiary of Aboitiz Power Corporation, one of the Philippines’ leading companies involved in power generation, distribution, and retail electricity services. The said energy storage system will have a capacity of 54 MW/32 MWh and will be delivered on an engineering, procurement, and construction basis. It will be placed next to TMI’s existing thermal power barge of 100 MW capacity and will provide flexibility for TMI in their ancillary service contract with the National Grid Corporation of the Philippines.
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Global cargo airline giant, FedEx Corp. has announced its ambitious goal to achieve carbon–neutral operations globally by 2040. The company has earmarked more than $2 billion of initial investment to help it achieve its ambitions. This will be mainly used in the domains of vehicle electrification, sustainable energy, and carbon sequestration.
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It has been almost a decade since the Fukushima nuclear accident which resulted in significant disruption to Japan’s energy supply and the country has been making significant efforts to diversify its energy mix. It has been gradually expanding its renewable energy capacity and improving its energy efficiency in order to lower its carbon emissions as well as reduce the dependence on imported fuels. However, the country’s energy supply still remains highly carbon intensive and Japan will need to redouble its efforts to achieve its goal of reaching carbon neutrality by 2050.
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In 2020, 821 MW of new wind power capacity was installed in Africa and the Middle East, bringing total capacity in the region to over 7 GW, which helps to avoid 10.7 million tonnes of CO2 emissions annually – equivalent to taking 2.3 million passenger cars off the road. South Africa installed 515 MW of new wind power capacity in 2020, making it the number one market for new annual installations last year as well as for cumulative installations.
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Kenya’s geographical location astride the equator gives it a unique opportunity for a vibrant solar energy market where solar power can be harnessed for generating electricity, lighting, heating and drying. However, the percentage of solar energy harnessed presently is insignificant relative to the potential. Kenya has just 53 MW of contracted solar power capacity which is less than 2% of the total contracted demand of 2,668 MW.
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Evolugen and Gazifère Inc., an Enbridge company have come together to build and operate one of the largest green hydrogen projects for injection into a natural gas distribution network in Quebec. They will develop a 20 MW water electrolysis hydrogen production plant in the Outaouais region. This is part of a collaboration formed to advance the development and use of green hydrogen.
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The leading EV charging network provider ChargePoint has announced that it has become the first publicly traded EV charging company operating across continents. This follows the closure of its business combination deal with Switchback Energy Acquisition Corporation on February 26, 2021. The combined entity is listed on the New York Stock Exchange.
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Ocean Winds, a joint venture of EDP Renewables and Engie, has signed a collaboration agreement with Terna Energy for development of offshore wind projects in Greece. As part of the agreement, the companies will identify the most suitable areas in the Greek seas for co-development of floating offshore capacity. They together plan to develop a pipeline of over 1.5 GW capacity according to their development roadmap for the current decade.
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IEEFA believes that a focused effort to prioritize particular regions could be more viable than chasing the dream of an ambitious nation-wide deployment plan. A targeted deployment plan focused on demonstrating commercial viability and PLN’s willingness to support long-term purchase agreements would send a stronger positive signal to attract major investments for the biomass industry. Indonesia has the potential to become a powerhouse for the biomass industry, and the cofiring ambition could be a starting point to spark its development.
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India’s leading renewable energy venture ReNew Power and RMG Acquisition Corporation II (RMG II) have entered into a business combination agreement to form ReNew Energy Global PLC. Upon the closing of this deal, the combined entity ReNew Energy Global PLC is expected to be publicly listed on the NASDAQ under the symbol “RNW”. This special purposed acquisition company (SPAC) transaction is valued at about $8 billion is expected to close in the second quarter of 2021.
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Total Quadran, Total’s 100% renewable power geneation subsidiary in France, has sold half of its equity stakes in two renewable energy portfolios to Banque des Territoires and Crédit Agricole Assurances. Banque des Territoires has acquired a 50% stake in a 53 MW portfolio comprising of 8 solar farms in New Caledonia. Meanwhile, Crédit Agricole Assurances has acquired a 50% stake in a 285 MW portfolio comprising of 9 wind farms with a total capacity of 103 MW and 44 solar power plants with a total capacity of 182 MW.
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Thailand-based Energy Absolute Public Company Limited (Energy Absolute) has secured a green loan from the Asian Development Bank (ADB) to finance its renewable energy and electric vehicle charging network projects in Thailand. The $47.62 million green loan will be used to finance the ongoing the Nakornsawan Solar and Hanuman Wind power plants. In addition, the funds will also be used to deploy fast and standard chargers at across Thailand.
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UAE-based Masdar owned by Mubadala Investment Company, and Ukraine’s leading private power producer, DTEK have signed a strategic agreement to explore potential clean energy investments in Ukraine. This was a trilateral MoU between Mubadala, Masdar, and DTEK. Other MoUs were also signed with various Ukrainian government and private entities.
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Eni and X-Elio have signed an agreement according to which Eni will acquire three of X-Elio’s solar PV projects. These projects are located in Spain and have a total capacity of 140 MW. They are also planning for a larger strategic collaboration as part of which the parties will develop renewable energy projects in Spain, where Eni aims to have 1 GW of renewable energy projects in the next five years.
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United States-based power generation developer, investor and operator NTE Energy has announced its plans to develop more than 5 GW of clean energy projects in the next five years. It is planning to develop a clean energy pipeline of 1.2 GW solar and 3.9 GW battery energy storage systems. The company expects 3 to 4 GW of these projects to come online by 2026.
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Australian Gas Infrastructure Group (AGIG) with its partners has submitted two proposals to the Australian Renewable Energy Agency (ARENA) for green hydrogen projects in Victoria and Western Australia. These projects were selected by ARENA along with five other projects after expressions of interest in May 2020 as part of the $70 million Renewable Hydrogen Deployment Funding Round.
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