Cubico Sustainable Investments and GLIL Infrastructure have awarded Anesco 12 contracts to offer operations and maintenance services for their 148MW UK-wide solar farm portfolio. The agreement is Anesco’s single largest O&M portfolio to date, and it has increased its maintenance order book by nearly 14 percent.
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Estonia and Latvia have signed a memorandum of understanding to jointly establish an offshore wind farm in the Baltic Sea’s Gulf of Riga. The proposed offshore wind farm has a capacity of up to 1,000 MW and is expected to be operational by 2030.
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Wärtsilä, a technology company, will supply Pivot Power, a subsidiary of EDF Renewables, with 100MW / 200MWh of energy storage systems for its next two projects in the West Midlands, England, to support the roll-out of Pivot Power’s revolutionary Energy Superhub concept. Wärtsilä will instal batteries in two locations: Coventry and Sandwell, on the outskirts of Birmingham.
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Apollo Global Management, Inc. and Arthur Kill Terminal LLC have signed into a deal for the exclusive right to invest in the Arthur Kill Terminal project, a large offshore wind energy staging and assembly facility under construction on Staten Island, New York. Atlantic Offshore Terminals, located in New York, will lead the development of Arthur Kill Terminal.
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The results of the 300 kW rooftop PV system have now been disclosed by the German Federal Network Agency. The government agreed to evaluate 168 proposals totalling 213 MW and chose 114 projects totaling 152 MW, which is 2 MW more than it had intended to allocate.
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Green Investment Group (GIG) has granted Offshore Design Engineering (ODE) a contract as owner’s engineer and package manager for offshore wind projects in South Korea that it is developing and investing in. The deal will see ODE’s Korea office, which will open in January 2021, carry out engineering projects totaling more than 500 MW in the nation.
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BayWa RE has signed a power purchase agreement (PPA) with San Diego Community Power (SDCP) to acquire electricity generated by a 90 MW solar plus 70 MW storage project in California. The PPA is for energy from the Jacumba Valley Ranch (JVR) Energy Park, which BayWa RE is developing near Jacumba Hot Springs in San Diego County.
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Mainstream Renewable Power has completed the first phase of its 1,350 MW Andes Renovables wind and solar power platform in Chile, with a total capacity of 571 MW. The development implies that the portfolio has begun delivering electricity to Chile’s National Electricity System and has begun testing prior to commercial operation in order to ensure optimal performance.
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The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a roadmap for the construction of up to 3 GW of floating offshore wind by 2030. Over the next decade, Spain plans to build 1-3 GW of floating offshore wind and up to 60 MW of pre-commercial wave tidal and other sustainable marine energy.
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We are in the biggest transition our energy systems have ever seen. Renewables are growing rapidly, and over time, oil and gas will play a smaller role. The plan we present today is a strategy to take advantage of the opportunities in the transition. This is not a new direction, but we are accelerating our transition, bringing forward our ambitions while growing cash flow and returns.
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The necessity for a stable climate, decreased fuel costs, reduced petroleum dependency, and clean air, especially for those who are disproportionately affected by pollution, definitely acts as factors that motivate governments to move to electric cars. Major economies with significant car production, such as China, Japan, Germany, the United States, and others, suffer the biggest industry risk if they delay the transition to electric vehicles. In a related development, the Biden administration’s American Jobs Plan proposes $52 billion in U.S. assistance for domestic manufacturing, including tax incentives and access to financing.
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Germany and Chile recently signed a letter of intent for a bilateral alliance on hydrogen production and trade to enable a renewable energy hydrogen supply chain between the nations. Under this, a green hydrogen working group would be created as a part of the Chilean-German Energy Association (AEE).
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Vitol has granted a $70 million balance of plant contract to a subsidiary of US contractor Infrastructure and Energy Alternatives (IEA) for the 240 MW Big Sky wind farm repowering in the US state of Illinois. The repowering of the Big Sky wind farm in Bureau and Lee Counties will begin in August 2021 and is scheduled to be finished in July 2022.
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The last unit of GE Renewable Energy’s Wudongde (WDD) hydropower plant has been successfully linked to the grid for electricity generation and has completed 72 hours of trial operation. The company was responsible for the design, engineering, manufacture, installation monitoring, and commissioning of the six 850 MW Francis turbine generating sets and accompanying equipment for the hydropower project under a contract signed in 2015.
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The African Development Bank, the Korean Ministry of Economy and Finance, and the Export-Import Bank of Korea have signed an agreement under which South Korea will co-finance energy projects with the African Development Bank for $600 million. Korea’s funds will be invested in renewable energy generation, transmission, and distribution through the Korea Eximbank.
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Yinson Holdings Berhad, through its wholly owned subsidiary Yinson Renewables Pte Ltd, is collaborating with Verano Capital Holdings SpA for developing renewable energy projects in Latin America. The initial pipeline will consist of 800 MW of utility scale solar projects spread across Chile, Colombia, and Peru.
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Social media giant, Facebook, has recently reported 100 per cent renewable energy use for its global operations. In addition, it has also met its goal of reaching net zero emissions as per its 2020 Sustainability Report and has reduced its greenhouse gas emissions by 94 per cent from 2017 levels.
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Fortum has decided to divest 500 MW of solar projects in India and has signed an agreement with the global infrastructure investment firm Actis for the same. As part of the agreement, Actis will receive ownership of the 250 MW Pavagada II and the 250 MW Rajasthan solar power plants.
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Jinko Energy and JA Solar Technology are both intending to buy a share in the Xinte Energy business, which plans to build a 100,000-ton-annual-capacity polysilicon fab in two years. The Chinese manufacturers will each pay RMB315 million (US$48.8 million) for a 9% share in TBEA-owned poly maker Xinte Energy’s Inner Mongolia Xinte business.
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The Egyptian government has pledged a $4 billion investment in the generation of green hydrogen. Its initiative, which is still in the planning stages, is being carried out in collaboration with the German conglomerate Siemens.
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