Highview Enlasa has announced its plans to develop a long duration liquid air energy storage project in Chile. This 50 MW/500 MWh (10 hours) CRYOBattery™ will be located in Diego de Almagro in the Atacama Region. It will require an estimated investment of USD $150 million.
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The High Court in the Indian state of Andhra Pradesh has given orders to cancel the 6.4 GW mega solar tender announced by the Andhra Pradesh Green Energy Corporation Ltd (APGECL) in November 2020. Further, the state has been asked to issue a fresh tender and cancel the power purchase agreements (PPAs).
Read MoreFormed in 2015, the International Solar Alliance (ISA) has now become a global collaboration to promote solar energy uptake worldwide with 95 signatories and more on the way. Through advocacy and analysis, capacity building, resource mobilisation, and project implementation, ISA is enabling long-term visibility and scalability of solar power projects across nations. In this exclusive Q&A, Dr Ajay Mathur, Director General, ISA gives his perspective on the evolving global solar power landscape as well as ISA’s focus areas for the future and his vision for the organisation.
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ABB and Swiss utility Axpo have partnered to develop modular green hydrogen production plants in Italy. The two companies recently signed a memorandum of understanding to that effect and aim to develop a feasible business model of producing affordable, green hydrogen. They will work together on feasibility studies and assess ways to reduce costs while ensuring a low carbon footprint.
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Fluence, a Siemens and AES company, has completed the commissioning of two 20 MW/20 MWh battery-based energy storage systems in the Philippines. Both the projects have been done for San Miguel Corporation Global Power Holdings Corp. (SMCGPH) and are the first phase of a larger 470 MW/470 MWh energy storage portfolio.
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Swedish furniture company IKEA has recently announced a program to secure 100 per cent renewable electricity at direct suppliers in India, China, and Poland, which are some of its largest purchasing countries. The said program will be introduced in 2021, followed by a stepwise global roll-out. As more than 65 per cent of the company’s climate footprint is linked to its supply chain, it is aiming for 100 per cent renewable energy throughout its entire value chain.
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RUSNANO and the Eurasian Development Bank (EDB) plan to work together for implementing projects in various spheres of renewable and clean energy including green hydrogen as well as other high-tech sectors in the Eurasian Economic Union (EAEU). An agreement to this effect has been signed recently.
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Enel Green Power España is executing three solar PV plants – Veracruz, Puerta Palmas and El Doblón between Mérida and Almendralejo in the Extremadura region located in western Spain. The entire project being built at an investment of around 96 million euros is under construction and is expected to come into operation in December 2021.
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Ørsted has recently notified the company’s new strategic ambition and financial guidance. It has set a target to reach approximately 50 GW of installed capacity by 2030 and plans to invest approximately DKK 350 billion in green energy from 2020 to 2027.
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The Sudanese bank, Sanabel, a subsidiary of the Bank of Khartoum recently launched the African country’s first green sukuk. The $11.3 million (4.75 billion Sudanese pounds) investment fund will finance renewable energy projects for commercial use. According to the Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI), sukuk are securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets.
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Abu-Dhabi based clean energy company Masdar and Abu Dhabi Airports, the owner and operator of the emirate’s five airports have announced the completion of the 3 MW solar PV project at Abu Dhabi International Airport. This is reported to be Abu Dhabi’s largest solar-powered car park. The project has been set up on the car shading at the short-term car park at the Midfield Terminal.
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BayWa r.e. has recently acquired its long-preferred partner in France, Enerpole, which is a pioneer in the development of renewable energy and was founded in Carcassonne in the South of France in 2005. BayWa r.e. has bought a 600 MW project portfolio from the solar and wind power developer comprising of 300 MW of solar and 300 MW of wind assets.
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This report by Goldman School of Public Policy uses the latest renewable energy and battery cost data to demonstrate the technical and economic feasibility of achieving 80 percent clean (carbon-free) electricity in the United States by 2030. Two central cases are simulated using state-of-the-art capacity-expansion and production-cost models: the No New Policy case assumes continuation of current state and federal policies; and the 80% Clean case requires that a national 80 percent clean electricity share is reached by 2030, along with aggressive transportation electrification.
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According to the recent report by Arab Petroleum Investments Corporation, total 2021-25 MENA energy investments register a modest increase of just USD13 billion over last year’s 5-yr outlook – from USD792 billion to USD805 billion – a clear indication of the magnitude of the 2020 crisis’ impact across MENA despite the region’s relative resilience. Power sector investments in MENA are expected to continue to flourish, characterized by an accelerating shift towards renewables.
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Offshore wind will have a prominent role in India’s energy transition. As the world’s third- largest producer and fourth-largest consumer of electricity, India’s energy demand is forecast to grow between 6-7% year-on-year over the next decade. This will in turn require a large-scale and reliable renewable energy supply. As a clean, affordable, scalable and sustainable indigenous resource, offshore wind can become an important pillar for India to meet its power demand and wider strategic energy aims.
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Dust and soils have negative impacts on the efficiency of PV panels. Therefore, the importance of cleaning PV panels is considerable from both economic and performance points of view. A key factor to maximizing the economic advantage is the determination of cleaning times. There is no specified cleaning cycle for PV panels, and the soiling rate of the region mostly determines the cleaning frequency.
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San Diego Gas & Electric will deploy roughly 2,000 new electric vehicle charging stations at apartment and workplaces across the San Diego region, under a $44 million program approved by the California Public Utilities Commission. The investment will allow the utility to help fill the need for charging infrastructure at workplaces and apartment complexes where cars are parked for long periods, supporting accelerated EV adoption and California’s ambitious transportation electrification goals.
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Australia has some of the best renewable energy resources in the world, and right now it has the best ever opportunity to harness them for national and global good. WWF’s Renewable Superpower Scorecard presents a snapshot of how Australia’s state, territory and federal governments are performing in the race to become a renewable superpower.
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Canada-based Northland Power Inc. has entered into a definitive agreement for the acquisition of an operating portfolio of renewable power projects in Spain. It has also announced a concurrent $900 million bought deal equity financing to fund both, the acquisition as well as the development of its 4 to 5 GW identified project pipeline.
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Ørsted has entered into an agreement with Brookfield Renewable to acquire a 100% equity interest in its existing Ireland and UK onshore wind business, Brookfield Renewable Ireland (BRI). With this transaction, Ørsted will enter the European onshore wind market. The transaction is expected to close by Q2 2021 and BRI’s existing management team will continue to run the business which will be integrated into Ørsted’s Onshore business unit over time.
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