Dubai Electricity and Water Authority (DEWA) has launched a pilot project for energy storage at the Mohammed bin Rashid Al Maktoum Solar Park which uses Tesla’s lithium-ion battery solution. With a power capacity of 1.21 MW and an energy capacity of 8.61 MWh, the project has a life span of up to 10 years.
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JERA, a Japanese energy company, has signed a share purchase JERA, a Japanese energy company, has signed a share purchase agreement with Aboitiz Equity Ventures and Aboitiz & Company for the purchase of approximately 27 percent of Aboitiz Power Corporation’s (Aboitiz Power) outstanding shares for $1.58 billion.
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Canadian firm Ubiquity Solar Inc. is set to establish its solar manufacturing activities in New York. The operations will be located at the former IBM site in the village of Endicott in Broome County. The first phase of the project will entail an investment of roughly $61 million, under which the firm is expected to repurpose 800,000 square feet of space at the former campus. The investment will be utilised for site renovations, equipment, and installation.
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Four gas transmission system operators (TSOs) across Europe will be collaborating on establishing a hydrogen highway through Central Europe, known as the Central European Hydrogen Corridor. The corridor network is expected to facilitate the movement of up to 120 GWh of pure hydrogen per day from Ukraine to Germany by 2030. The participating firms include Eustream, a Slovak gas TSO, Gas TSO of Ukraine, the Czech gas TSO Net4gas and the German TSO, Open Grid Europe GmbH.
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Morocco’s first floating photovoltaic power plant is set to be installed in the region of Sidi Slimane in the coming weeks. The plant will be the first of its kind in Africa, and it will be built by Energy Handle, a company that specialises in renewable and green energy, and will use photovoltaic technology. The plant is expected to produce 360 KW in its initial phase, with a total yearly production of roughly 644 MWh, with 800 panels.
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The government of the Navarra region of Spain has given its approval for a 160 MW solar project planned by Anpier, the national association of photovoltaic energy producers. The facility will be installed on one of the country’s largest artificial irrigation canals, the Canal of Navarra. According to the report, the proposed project is technically and financially viable because it would significantly reduce shadowing.
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Most countries are targeting net-zero emissions by 2050, and the US administration supports a goal of emission-free electricity by 2035. How difficult will it be to get there? This report explores five of the most commonly raised challenges: comparing costs of wind and solar versus conventional generation, integrating variable renewables, managing supply chain constraints, addressing disaster vulnerability, and meeting future electricity and renewable electricity demand.
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Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has passed a new regulation under the MEMR rules to boost the solar rooftop PV industry. The rules originally came into force in 2018. Since then, three amendments have been made to the rules, including the new regulation MEMR 26/2021.
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HSBC has signed a power purchase agreement (PPA) to procure power from the Sorbie Wind Farm Project in Scotland. The wind project will entail three turbines with a total capacity of 12.6 MW, which will be built by the renewable energy investment manager, Capital Dynamics.
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Sonnenstromfabrik, a German PV module manufacturer, has revealed that its glass-film and glass-glass solar modules would feature half-cell technology and big wafers sized at 182 mm. The product launch is planned for the first quarter of 2021, while prices and products sheets should be available by the end of September, 2021.
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Iberdrola, Spain’s largest energy company, and Prosolia, a Spanish PV project developer, plans to invest $996 million in the development of five solar parks in Spain with a total capacity of 360 MW and a 1,140 MW solar plant in Portugal by 2025.
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Pumped storage hydropower (PSH) operates by storing electricity in the form of gravitational potential energy through pumping water from a lower to an upper reservoir. First built since the end of the 19th century, PSH is a mature and proven technology for long-duration energy storage. It has continuously evolved to suit the needs of changing power systems, providing a suite of power systems flexibility services such as inertia, frequency control, voltage regulation, and black-start capability, which are vital to support the growing shares of variable renewable energy in grid systems.
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The Greefspan II solar photovoltaic power plant is the newest addition to South Africa’s operational commercial solar plants. It is located in the Northern Cape province of South Africa. The project has been established under a partnership between the fund manager African Infrastructure Investment Managers (AIIM), the Spanish company TSK and South Africa’s Umbono Energy Partners. The total capacity of the plant is 63.2 MW, with roughly 188,822 photovoltaic modules installed.
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Australia’s largest corporations are making ambitious commitments to decarbonise, with many announcing plans to become carbon neutral by 2050. The pathways to achieving these goals are likely to be varied and multi-faceted. In the short term, companies can consider procuring renewable sourced energy or purchasing offsets and increasing energy efficiencies, but there are some hard-to-abate areas that will require longer-term solutions.
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American Securities LLC, a private equity firm, has entered into an agreement to acquire Swinerton Renewable Energy, the renewable energy division of Swinerton Builders, and the wholly-owned subsidiary SOLV, Inc. from Swinerton Incorporated. The acquisition will combine Swinerton’s existing Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) service groups under one company named, SOLV Energy.
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TSE, a private French company specialising in solar energy, has inaugurated its 152 MW solar facility in Marville, France, which was built in collaboration with Enerparc AG. The Marville power station presently contains roughly 364,000 solar modules, some of which include revolutionary bifacial contemporary technology. The total installed power of 152MWp produced roughly 160 GWh per year, which is enough to meet 90 per cent of Verdun city’s annual usage.
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India’s Power Finance Corporation Limited (PFC), a non-banking financial company (NBFC) in the electricity sector, has launched its first Euro 300 million seven-year Euro Bond issuance. As per the reports, the 1.841 per cent pricing attained is the lowest yield locked in by an Indian issuer in the Euro markets.
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Solar Americas Capital is planning to facilitate over 2 GW of solar power in Brazil by the year 2026, in collaboration with multiple corporations in Brazil. Leveraging its experience in Brazil, Solar Americas will cofound, identify, build and manage the solar assets for commercial partners.
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ACWA Power has won the bid for the construction and operation of a 100 MW wind power project in Uzbekistan. The company won the bid with the lowest tariff of $2.5695 cents per kWh. The tender will make the first competitively procured wind power plant in Uzbekistan.
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Royal Dutch Shell has announced its plans to build an 820,000-tonnes-a-year biofuels facility located at the Shell Energy and Chemicals Park, Rotterdam, in the Netherlands.
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