The report “From Dong to Orsted: A Leading Utility’s Green Energy Transition – What Indian Firms Can Learn from Such a Transition” by The Institute for Energy Economics and Financial Analysis (IEEFA) charts the transition journey of Orsted. This Danish state-owned utility transitioned from being one of the most coal-intensive utilities in Europe to a global leader in offshore wind energy.
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The trend in the Middle East and North Africa (MENA) region has so far been towards the development of large utility-scale projects. MENA Solar and Renewable Energy Report produced by the Middle East Solar Industry Association in collaboration with Middle East Energy Dubai highlights MENA’s leading solar PV markets with a focus on trends, upcoming projects, and other major developments.
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Ongoing supply chain constraints and commodity price increases began to have a significant impact on solar prices during the second quarter of 2021. The most significant price increases have come from higher input costs (steel, aluminum, etc.) and elevated freight costs. As a result, prices have increased the most for utility solar because equipment for these projects – namely modules – tends to be sourced internationally.
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Canada has been an enthusiastic developer and implementer of carbon capture, utilization and storage (CCUS) technologies, currently accounting for nearly 20 per cent of installed CCUS capacity globally. This paper by Nnaziri Ihejirika, Research Associate, The Oxford Institute for Energy Studies explores the recent developments in the CCUS space in Canada, the major opportunities and outlook.
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The Council on Energy, Environment and Water has released an issue brief titled, “Feasibility Assessment of Agriculture Solar Micro Grids: A Case Study of TP-DDL Discom in North Delhi”. The brief discusses the economic analysis of a medium-sized solar plant (1 MW) connected to agriculture feeders under different business models: farmer-owned, discom-owned and third-party-owned.
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At the end of 2020, distributed solar accounted for about 78 GW (30%) of the 253 GW of China’s installed solar generation capacity, according to data from the country’s National Energy Administration. Growth in distributed solar appears to be picking up in proportion to growth in solar farms. In the first half of this year, about 13 GW of new solar power capacity was installed, 7.65 GW of that distributed solar.
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Germany is a clear leader on climate finance. It provided $4.8 billion in 2019; and was the leading country in terms of the increase in all public development finance in the prior decade, with a $17.4 billion increase over the period. At the G7 Summit in Cornwall this year, Germany said it would increase its climate finance by €2 to €6 billion a year by 2025 at the latest.
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Recently, the Africa Growth Initiative at Brookings has published a policy brief titled “Greening the AfCFTA: It is not too late.” Environmental sustainability is a key component of Africa’s Agenda 2063: The Africa We Want. Yet, the recently launched African Continental Free Trade Area (AfCFTA) contains only minimal references to the environment. The policy brief, thus, highlights various ways in which State Parties can strengthen the linkages between the AfCFTA and the environment, with a focus on concrete approaches and strategies.
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The report “Distributed Wind Market Report: 2021 Edition” was prepared for the U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy, Wind Energy Technologies Office. This is an annual report which provides stakeholders with market statistics and analysis along with insights into market trends and characteristics.
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The Power Statistics Pocketbook for Selected African Countries was prepared by the Economic andSocial Statistics Division of the Statistics Department (ECST) of the African Development Bank in close collaboration with Energy Financial Solutions, Policy and Regulation Department. This Pocketbook represents the end of this cycle of data collection, verification and publication. The selection of 16 African countries for the power survey was chosen to serve as a representative sample.
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Federal climate infrastructure investments like those proposed in the 2021 reconciliation bill are essential for achieving our targets for emissions reductions. States that were previously not taking steps to decarbonize will now take action because the federal investments will have made it cost-effective to do so. The proposed federal funding, in addition to the actions of local governments, businesses, and civil institutions, can set the US on a path for meeting the NDC.
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Indonesia is one of the world’s biggest energy consumers, with the country’s energy sector accounting for almost 35 per cent of the total greenhouse gas (GHG) emissions. The report published by the Institute for Essential Services Reform (IESR) called “Critical review on the biofuel development policy in Indonesia” aims to assess the Government’s efforts and policies towards accelerating the development of biofuel, its economic, environmental, and social impact on the country and its potential in the coming years.
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Orsted and Uniper, a German energy provider, have signed a MoU to jointly develop large-scale offshore wind with hydrogen. This will be accomplished in part by direct integration of hydrogen generation from offshore wind power at the German port of Wilhelmshaven.
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Lightsource bp, a British renewables developer, has secured a $1.8 billion credit and trade finance facility to support the expansion of its solar energy portfolio. The company has a target to develop 25 GW of solar projects by 2025. Additionally, the company is also creating a 9 GW portfolio in the US, following its acquisition from the Texas based 7X Energy.
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Sterling and Wilson Solar, an EPC and O&M solutions provider, has commissioned a 66 MW solar power plant in Jordan. The Al Husainiyah power plant is located in Ma’an Governorate, south of Jordan’s capital Amman. The project is located on an area of 1.3 sq. kms.
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Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG debt investors would be wise to avoid.
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The report “Hot Spots for Renewable Heat: Decarbonizing Low- to Medium-Temperature Industrial Heat Across the G-20” is has been prepared by a collaboration between World Business Council on Sustainable Development (WBCSD) and BloombergNEF. This report is intended to provide guidance on the markets that are particularly attractive for renewable heat solutions. It also explores the applicability of specific technology solutions.
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The EV Policy Pathway Working Group – consisting of seven Government Departments and the Sustainable Authority of Ireland – considered a mix of policies to enable Ireland to meet this Climate Action Plan target, which will require a significant ramping-up of EV sales. This report summarises the Working Group’s findings and recommendations.
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IEA Key World Energy Statistics (KWES) is an introduction to energy statistics, providing top-level numbers across the energy mix, from supply and demand, to prices and research budgets, including outlooks, energy indicators and definitions. KWES is part of the IEA’s annual edition of the world’s most comprehensive series of energy databases and data services, which include World Energy Statistics and Balances and the full range of fuel information data services.
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The tectonic shift that makes the clean energy sector one of the fastest-growing in the global economy, attracting significant institutional and retail investor interest, is driven by several notable reasons. Energy Tracker Asia’s new research report, ‘5 Shifts That Define the Increased Investment Interest in Renewable Energy 2021’ explores why renewable energy investments are on the rise.
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