Fitch Solutions has developed a Hydrogen Index which assesses the suitability of a market for the development of a green hydrogen industry. South Africa remains the region’s top-ranked market, given its well-established power sector and having the largest installed non-hydropower renewables capacity in SSA.
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The European Investment Bank (EIB) has announced EUR 38.5 million of new financial and technical support to Burkina Faso for promoting solar power development. The funding will also be used to protect its capital city Ouagadougou from future flooding. Through this financing, EIB aims to improve energy access in the country and address the risks caused by extreme weather.
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AGP has formed a joint venture with Hartree and NaGa Solar to deploy solar projects across the UK, the Netherlands and Germany. The new venture, called AMPYR Solar Europe (ASE), aims to develop at least 4 GW of solar projects in these three nations. With this joint venture, the companies aim to combine AGP’s experience in developing large-scale renewable power projects, Hartree’s cutting edge power trading analytics and zero carbon solutions and NaGa’s in-depth local knowledge and land development prowess.
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Ameresco and Wells Fargo have partnered up to develop about 30 MW of new solar capacity at Wells Fargo retail and administrative locations across seven states in the United States. These onsite solar generation assets will include rooftop, carport and ground mounted systems in Arizona, California, Connecticut, Iowa, New Jersey, North Carolina and Texas. The implementation of these projects is expected to begin in April 2021.
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The Asian Development Bank (ADB) and Japan’s Ministry of Economy, Trade and Industry (METI) have signed a memorandum of cooperation (MOC) for clean energy promotion in South-East Asia. The cooperation, under the Cleaner Energy Future Initiative for ASEAN (CEFIA), will strengthen their efforts in the areas that focus on energy transition including renewable energy, energy conservation and efficiency.
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Israel-based OPC Energy recently announced the closure of its acquisition of Competitive Power Ventures (CPV) from Global Infrastructure Partners (GIP) after receiving the required regulatory approval. With this transaction OPC fully owns CPV’s operating assets, development pipeline and asset management business. OPC has partnered with three Israeli institutional investors to carry out this acquisition.
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EDEN Renewables India, a joint venture of Total Eren and EDF Renouvelables, has successfully secured financing for its 450 MWp SECI III solar PV project. The said project has recently received a green limited recourse project term loan of $165 million from a group of three major international banks – DBS Bank Ltd, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation (Singapore Branch).
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Real Energy’s hydrogen division Pure Hydrogen has signed a binding agreement with Liberty Hydrogen to establish a joint venture company that will develop four large-scale hydrogen projects in Australia. These large-scale hydrogen manufacturing and distribution hubs are planned to be developed on Australia’s East Coat – Project Jupiter (Gladstone) and Project Mars (Mackay) in Queensland, Liberty North (Newcastle) in New South Wales and Liberty South (South East Victoria) in Victoria.
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Statkraft has signed a cooperation agreement with Aker Offshore and Aker Horizons to explore the possibility of developing, operating and delivering energy from offshore wind projects in Norway. The said cooperation plans to explore the possibility of setting up a bottom-fixed offshore wind project at Sørlige Nordsjø II (“SN2”).
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Bangladesh’s overall power system utilisation has fallen again in FY2019-20 to just 40%, down from 43% in the prior year. Instead of replacing the coal power projects with LNG, the Bangladesh government should consider using the land set aside for these projects for renewable energy installations. Another key part of a successful response to Bangladesh’s overcapacity problem would be investment in the transmission and distribution system.
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The series takes a deep dive into the transportation electrification policies New Jersey will need to meet its ambitious climate laws. Together, they explore whether New Jersey needs more ambitious transportation electrification goals, the state’s existing plans to realize their goals, and the next steps New Jersey should take to decarbonize its transportation system. Ultimately, this blog series aims to holistically examine electrifying all segments of the transportation sector.
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While China’s commitment to carbon neutrality by 2060 is a good start, electricity demand is already forecast to double by 2050 (from 2017 levels). It therefore must urgently step up its efforts to improve energy efficiency, adopt green and low-carbon energy, expand energy storage, deploy carbon capture and sequestration technologies, and develop a framework for low-carbon urbanization. Many of the needed technologies are already available, and East Asia has the scale to bring down their cost to a level that would enable widespread adoption.
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world’s “Great Reset” after COVID-19 is the backdrop against which all other moments will occur this year. Signals in 2021 will show whether we’re heading toward a cleaner, fairer, stronger world, or moving in the opposite direction. Countries already allocated $13 trillion to reboot economies, and are likely to spend trillions more in the coming year.
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Dutch energy company Eneco and Danish European Energy have formed a new joint venture called Swan Wind. The two companies had joined forces so as to submit a proposal for the Thor offshore wind farm tender and Danish Energy Agency has recently qualified this joint venture for the said tender. Thor offshore wind farm is one of the two large offshore wind farms to be built in Denmark before 2030.
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Spain-based energy group Naturgy has acquired 100% of the economic interests in Hamel Renewables, a renewable energy company specialising in solar and energy storage. This transaction marks Naturgy’s entry into the United States renewable energy market as this is its first investment here.
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Mubadala Investment Company (Mubadala), the Abu Dhabi National Oil Company (ADNOC), and ADQ, have signed a Memorandum of Understanding (MoU) to establish the Abu Dhabi Hydrogen Alliance. As part of this agreement, these partners will collaborate to establish a major green hydrogen economy in the United Arab Emirates (UAE).
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Energy giant Total has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group, India’s leading infrastructure platform. This transaction is the latest development in the strategic alliance between the two parties. With this latest acquisition, Total will have a seat on the Board of Directors of AGEL.
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Enel Green Power (EGP) signed an agreement to form a joint venture with a subsidiary of Qatar Investment Authority (QIA) aimed at financing, building and operating renewable projects in Sub-Saharan Africa. As part of this agreement QIA will also acquire 50 per cent of EGP’s stake in approximately 800 MW of projects in South Africa and Zambia under the first phase.
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The consortium behind the OYSTER project comprising of ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy has received EUR 5 million from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU). FCH2-JU is a public private partnership of the European Commission.
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Origin Energy Limited, a leading Australian integrated energy company, has issued an Expression of Interest to select a suitably qualified firm to supply and install a large-scale battery at Eraring Power Station in New South Wales. This battery would have an overall capacity of up to 700 MW and a dispatch duration of 4 hours.
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