Urban Renewables has developed a solar rooftop project for Shooting Gallery Asia, a media production firm, for its Singapore operations. The solar energy will be delivered under a long-term Power Purchase Agreement (PPA). The solar PV system has a capacity of at least 160 kWp and a guaranteed energy production of at least 220,000 kWh for commercial operations.
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Anheuser-Busch, a leading brewer in the United States, has announced a $64 million clean energy investment in its Los Angeles brewery. This will include a large onsite solar system with solar power expected to provide more than 10 percent of the site’s total electricity usage.
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Azelio, based in Sweden, has won a conditional order from Egypt’s Engazaat Development SAE for 20 of its TES.POD renewable energy storage devices. The TES.POD devices will be financed, implemented, and maintained by a project business co-owned by Azelio and Engazaat Development SAE, and will be utilised in Egypt’s SAVE sustainable agricultural initiative. The order is worth roughly $1.5 million and is expected to be delivered in December 2021.
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Israel has received 11 bids to finance, build, and manage a 300 MW solar power project with energy storage in the southern part of the country. According to the government, the project proposed for Dimona will be a public-private partnership and will be one of Israel’s largest solar power plants. The chosen developer will be in charge of the solar power plant’s development, funding, construction, and operation.
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An international tender for the Engineering, Procurement and Construction (EPC) of a 68 MW solar PV park in Bangladesh’s Sirajganj area has been issued. The Bangladesh China Renewable Energy Company Ltd, a joint venture between Bangladesh’s North-West Power Generation Company Limited and the China National Machinery Import and Export Corporation, has launched the bid, which includes the construction of a 15km 132 kV double circuit transmission line with a substation bay extension.
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PGE Polska Grupa Energetyczna SA, a Polish utility, has chosen Societe Generale SA, a French bank, to act as its adviser in acquiring finance for the development of the 2.5-GW Baltica offshore wind project off the coast of Poland. After submitting a $2.2 million offer, Societe Generale was chosen in a bidding procedure.
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DOB Equity, a Dutch family-backed impact investor specializing in East African ventures, intends to buy interests in at least three firms this year, despite a drop in private equity deals in the region. Investments are planned in the electric mobility, insurance, and health-tech industries. The transactions vary from $250,000 to more than $5 million, with shareholdings ranging from 10 percent to 49 percent.
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The Mozambican government is launching a 200 kWp solar power facility at Matchedje, a town in the province of Niassa. The plant is linked to a mini-grid that will power 400 homes. The Mozambican Energy Fund funded the building of these new facilities.
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Octopus Renewables has strengthened its position in the Irish energy market by purchasing a 24% stake in Simply Blue Group for €15 million. The move comes two weeks after Octopus Renewables Infrastructure Trust (ORIT) paid up to €145 million for a portfolio from Statkraft.
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Hanwha Solutions has invested $855.2 million for a 100 percent share in renewable energy producer RES France in order to extend its business portfolio in Europe. As a result of this agreement, Hanwha Solutions will have complete ownership of RES France’s solar and wind power projects totaling 5 GW, which was handled by the company’s green energy business Hanwha Q Cells.
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The 400MW Dumat Al Jandal project, Saudi Arabia’s first and largest wind farm, is now linked to the grid and producing electricity, according to developers EDF Renewables and Masdar. Vestas’ V150-4.0/4.2 wind turbines, each capable of generating 4.2MW to the grid, are used in the 400MW project.
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Enel has agreed to pay the Italian renewable energy business ERG $1.19 billion for hydroelectric assets. It announced the acquisition of a 527 MW portfolio of assets from ERG, generating an average of 1.5 terrawatt hours of power per year.
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Indonesia will begin construction on a 145 MW floating solar power plant, estimated to be the biggest in Southeast Asia. National power provider Perusahaan Listrik Negara (PLN) and UAE-based Masdar have agreed on the financing for the project.
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The International Finance Corporation (IFC) will invest $100 million towards Egypt’s first private sector green bond. This investment will aid in the mobilization of funds for climate-smart initiatives, the reduction of greenhouse gas emissions, and the country’s transition to a greener economy.
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53 hydrogen projects have been publicly announced in China, of which 50% are linked to transport applications. Key announced projects include Sinopec’s ambition to build 1,000 refueling stations in the next 5 years, and the commissioning of a 200 MW PV-connected hydrogen plant in the Ningxia region. The total estimated investment amounts to USD 180 billion.
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WPD and World Kinect Energy Services have signed a route-to-market PPA for the 188 MW Karhunnevankangas Wind Farm project in Finland. World Kinect will continue to provide value to renewable energy providers as well as customers looking to accelerate their transition to renewable energy through this initiative.
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Sturdee Energy, an independent power producer, has signed two power purchase agreements with the state-owned Botswana Power Corporation (BPC) for its Bobonong and Shakawe solar PV projects in Botswana. The total capacity of the two plants will be 4 MWp.
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Eni, an Italian energy firm, has agreed to buy a 1.2 GW renewable energy portfolio in Spain from Azora, an independent real asset management company. Azora’s portfolio includes three operational wind farms, one under construction wind farm (for a total of 230 MW), and five major solar power projects in advanced phases of development totaling 1 GW.
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Energy systems around the world must transition to renewable and clean energy sources and experience significant changes, owing to a combination of technology advancements, the need for affordable energy sources, and the compelling need to combat climate change. In this regard, the world’s oceans are a source of abundant renewable energy, which can be tapped through offshore wind (with fixed and floating foundations, or airborne), floating solar photovoltaics and other emerging ocean energy technologies.
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DNV, a Norwegian ship quality assurance and risk management organisation, has granted Samsung Heavy Industries approval in principle (AIP) for its independently designed offshore floater for wind power turbines. AIP for the floater implies that a certification body has evaluated its fundamental design and certified that it satisfies the agency’s technical requirements and standards for use.
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