AES Corporation, a US based solar developer, has announced the acquisition of Community Energy Solar, LLC (Community Energy). AES has signed PPAs to provide 4 GW of renewable energy in the United States this year, and the acquisition of Community Energy will help the company’s future expansion ambitions by providing a robust pipeline and a talented development personnel.
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FREYR Battery, a Norwegian renewable energy storage company, has signed its first off-take agreement for at least 31 GWh of low-carbon battery cells with an unidentified energy storage system manufacturer (ESS). Based on FREYR battery cells, the two companies have committed to work together to develop unique technology solutions for the fast-growing worldwide ESS industry.
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Indian Public Sector Undertaking Bharat Heavy Electronics Limited (BHEL) has issued a request for proposals for an engineering, procurement, and construction (EPC) package to develop an 8 MWAC solar project at Henrietta (Phase-II), Tamarind Falls, Mauritius. The winning bidder must provide operations and maintenance services until the project is taken over by Mauritius’ Central Electricity Board after reliability testing is completed.
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Scatec, a Norwegian renewable energy company, has signed an agreement with Egypt’s Suez Canal Economic Zone (SCZone) to investigate the creation of a new green ammonia project. Under the MoU, Scatec and SCZone would explore the possibilities of setting up a large-scale facility to produce ammonia from green hydrogen derived from renewables for export purposes.
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Keppel Corporation-led consortium has acquired a 51 per cent equity stake in Singapore-based solar developer Cleantech Solar for up to $150 million. Keppel Asia Infrastructure Fund LP (KAIF) is a member of the consortium, as well as a co-investor. Cloud Alpha Pte Limited, a subsidiary of the consortium, will buy the stake.
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Serbia has announced its draft economic reform programme for the years 2022-2024, which includes state-funded projects to build wind farms totaling a capacity of 3,000 MW and solar power plants totaling a capacity of 8,300 MW. As a candidate country for EU membership, Serbia develops an economic reforms programme every year in order to prepare for EU economic and budgetary monitoring.
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Greenko Group, a cleantech firm based in Hyderabad, has inked an agreement with John Cockerill, a Belgian manufacturer of alkaline electrolysers, to jointly develop market initiatives for green hydrogen electrolysers in India.
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US International Development Finance Corporation (DFC) has approved up to $500 million in debt financing for First Solar, the largest solar manufacturing company in the United States. The DFC funding will go towards the company’s vertically integrated solar module manufacturing facility in the Indian-state of Tamil Nadu.
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Total Eren, a leading renewable energy Independent Power Producer based in Paris, has announced the development of H2 Magallanes, a large-scale green hydrogen project with up to 10 GW of wind installed capacity that will be located near the borough of San Gregorio in the Magallanes region of Southern Chile.
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Plug Power Inc., a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and ACCIONA Energa, a global developer, owner, and operator of renewable energy projects, have announced that their previously announced 50-50 joint venture has been completed.
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Shirdi Sai Electricals Limited (SSEL), an India-based company, has reached an agreement with Viridis.iQ GmbH, a German engineering services firm, to build a 4,000 MW solar manufacturing project. Both the companies will finalize the conceptual design and develop a business plan to initiate the project.
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State-owned Stanwell Corporation and Acciona Energia, a subsidiary of Spanish conglomerate Acciona, have signed a MoU on future energy supply for proposed hydrogen production and export through a 3 GW green hydrogen facility planned for Queensland, Australia. This facility is proposed to be powered by solar PV.
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Johnson & Johnson has signed two power purchase agreements with Ørsted to procure power from Sparta Solar in Texas and Kilgarvan Wind Farm in County Kerry and Booltiagh Wind Farm 1 in County Clare, both in Ireland’s south and west. Sparta Solar’s PPA contains a 55 MW contract capacity from the 250 MW Sparta Solar project in southern Texas.
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Amazon has announced 18 new utility-scale wind and solar energy projects in the United States, Finland, Germany, Italy, Spain, and the United Kingdom, totaling 5.6 GW of capacity procured as of 2021. Amazon, currently has 274 renewable energy projects throughout the world and plans to use renewable energy to power 100 per cent of its commercial operations by 2025, five years ahead of its original 2030 target.
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France aims at a share of 23 per cent renewables in gross final energy consumption by 2020, but had 17.2 per cent in 2019 and 19.1 per cent in 2020. The gap with the 2023 targets under the PPE is massive: France would need to add 6.4 GW of wind capacity and almost double the solar PV capacity in just three years.
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Thailand will experience robust growth in non-hydroelectric renewables, following their 2050 carbon neutrality goal announcement at COP26. On November 1, 2021, Thailand’s Prime Minister, Prayut Chan-o-cha, declared Thailand’s target for carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065 at COP26.
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Globally, equitable climate action requires that the United States, as the biggest historical emitter of greenhouse gases, significantly cut domestic emissions while increasing its international finance commitments. Making the transition to net zero emissions within the United States — in a way that addresses historic inequity and delivers a just distribution of costs and benefits — will require addressing decades of systematic discrimination.
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Eranove, a French industrial conglomerate, and the Gabonese Fund for Strategic Investments (FGIS) have decided to raise €300 million. The Ngoulmendjim dam and a 82 MW hydroelectric plant will be built using this funding.
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After getting clearance from the Biden administration, New York’s first offshore wind farm is slated to start construction in January 2022. The US Department of Interior has issued a Record of Decision for South Fork Wind, a 132 MW project that will be located 19 miles southeast of Block Island, Rhode Island.
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BP is planning to set up a large-scale green hydrogen production plant in northeast England, generated with wind, water and solar energy to aid Britain’s move away from fossil fuels. The project, namely, HyGreen Teesside, seeks to produce 60 MW of green hydrogen from renewable sources by 2025.
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