Author: Sarthak Takyar

Norway plans to create 1.5 GW of offshore wind project in southern North Sea

Norway plans to create 1.5 GW of offshore wind project in southern North Sea

February 11, 2022 |

Norway is planning to launch 1.5 GW offshore wind tender in the southern North Sea later in 2022. The Norwegian prime minister stated that the first project might be operational by the end of this decade. He also highlighted that the viability of offshore wind projects might be contingent on government assistance in the form of state subsidies. The turbines’ second phase of development will take place in the same area of the southern North Sea.

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Acciona Energia to acquire Red-Tailed Hawk solar project in Texas

Acciona Energia to acquire Red-Tailed Hawk solar project in Texas

February 11, 2022 |

Acciona Energia has acquired Red-Tailed Hawk, a 350 MWac solar photovoltaic (PV) project in the US, from Avondale Solar and Solar Plus Development. The project will be developed by Avondale Solar’s subsidiary, AP Solar Holdings, in collaboration with Solar Plus Development in Houston, Texas. The construction of the project will cost $460 million.

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The Texas Storm That Proved the Need for Grid Investments

The Texas Storm That Proved the Need for Grid Investments

February 11, 2022 |

With climate change bringing more extreme storms like Uri, we urgently need strong investments in the grid of the future. The bipartisan infrastructure legislation was a first step. Thankfully, Congress is considering the Build Back Better agenda that would make historic investments in transmission. More transmission lines are crucial for a resilient power grid; they also save consumers money.

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SUSI unveils a solar platform in Italy

SUSI unveils a solar platform in Italy

February 10, 2022 |

SUSI Partners, a Swiss fund manager, has launched a solar photovoltaic (PV) development platform in Italy through its Energy Transition Fund (SETF). The platform aims to deploy 500 MW of utility-scale solar PV after selecting the country. It is being developed in collaboration with a senior management team from a seasoned sustainable energy developer, with intentions to develop, build, and operate PV projects.

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ILI Group plans to develop 1.5 GW pumped storage in Scotland 

ILI Group plans to develop 1.5 GW pumped storage in Scotland 

February 9, 2022 |

ILI Group has announced that the 1.5 GW Balliemeanoch pumped storage hydro (PSH) project in Loch Awe, Dalmally in Argyll and Bute, Scotland, has begun the basic planning phase. The project would build a new upper reservoir in the hills above Loch Awe that will contain 58 million cubic metres of water when fully operational.

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Greencells acquires five solar PV projects of 233 MWp

Greencells acquires five solar PV projects of 233 MWp

February 9, 2022 |

Greencells, a German solar energy company, has acquired five solar photovoltaic (PV) projects in Italy with a cumulative capacity of 233MWp. The five solar PV plants are now in the development phase and are located in the south of Sardinia. The acquired solar farms are part of a group of up to 15 projects with a combined capacity of up to 790MWp.

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U.S. Renewable Energy M&A: Review of 2021 and Outlook for 2022

U.S. Renewable Energy M&A: Review of 2021 and Outlook for 2022

February 9, 2022 |

In a year in which both global and U.S. M&A activity in aggregate reached record levels, renewable energy M&A contributed to the mix in terms of high deal volume and landmark transactions. The market for renewable energy assets, portfolios and platforms remained hot, despite industry headwinds that included disruptions to supply chains, trade developments that negatively impacted the sector and policy uncertainty.

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China’s Hydrogen Industrial Strategy

China’s Hydrogen Industrial Strategy

February 9, 2022 |

China is increasingly exploring cultivating the production and consumption of lower-emission hydrogen to help meet energy needs and spur industrial development while also addressing climate concerns. In particular, China’s 2060 carbon neutrality commitment made in 2020 is a major policy-oriented development that could aid the shift in hydrogen production away from fossil fuels to renewables, greater deployment of FCVs, and the use of hydrogen in harder-to-abate sectors.

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Growing pressure for EU to step up its 2030 climate goals

Growing pressure for EU to step up its 2030 climate goals

February 9, 2022 |

The EU’s statistical office of the European Union Eurostat just published its statistics on the share of renewable energy sources in the electricity, heating & cooling and transport sector in 2020. With a 22.1% share of energy consumed from renewable sources in 2020, the EU has reached its headline target of 20% for that year. There is now a need for structural changes for an energy transition based on 100% renewables.

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UK’s National Grid relies on offshore wind to help stabilise the grid

UK’s National Grid relies on offshore wind to help stabilise the grid

February 8, 2022 |

For the first time, the National Grid ESO in the UK has issued a contract to an offshore wind farm to maintain stable voltage levels in the power network. From 2024, the Dogger Bank C offshore wind farm’s transmission assets will supply 200 megavolt amperes of reactive power (MVAr), which is used to ensure network stability.

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The 2022 Global Energy Agenda

The 2022 Global Energy Agenda

February 4, 2022 | ,

The year 2021 began with high hopes for climate action, as many members of the international community—including, once again, the US—rededicated themselves to the effort and looked to deploy resources accordingly. And there were certainly landmark achievements: the Global Methane Pledge was launched, the Paris Agreement rulebook was completed, and the private holders of $130 trillion in assets under management pledged their collective financial muscle to the fight against climate change, among other victories.

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BP and HyCC to develop green hydrogen project in the Netherlands

BP and HyCC to develop green hydrogen project in the Netherlands

February 3, 2022 |

BP has signed a collaborative development agreement with Hydrogen Chemistry Company (HyCC) to continue developing H2-Fifty, a 250 MW green hydrogen plant in Rotterdam’s port area. The companies signed the agreement following a feasibility analysis, which suggested the project could make a ‘critical’ contribution to decarbonising industry in the region.

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JERA plans to invest $1.4 billion to develop 1 GW solar power

JERA plans to invest $1.4 billion to develop 1 GW solar power

February 3, 2022 |

JERA, Japan’s power generator, announced that it will invest $1.4 billion over the next five years to create 1 GW of solar power farms in Japan, in collaboration with local energy developer West Holdings Corp. To help combat climate change, JERA also plans to increase its renewable energy capacity to 5 GW by 2025, up from approximately 1.5 GW presently.

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Italy auctions 974.9 MW of projects in its seventh renewable auction

Italy auctions 974.9 MW of projects in its seventh renewable auction

January 31, 2022 |

In Italy’s seventh clean energy auction the Gestore dei Servizi Energetici (GSE) allotted 974.9 MW of renewable energy capacity to projects with individual capacities more than 1 MW. The GSE distributed 710.2 MW of solar capacity across 60 different locations. Of this, 49 will have a capacity of less than 10 MW while the remaining 11 will have projects ranging from 13.2 MW to 92.4 MW.

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Talesun Solar to supply 250 MW of its bifacial modules to Clean Solar Power

Talesun Solar to supply 250 MW of its bifacial modules to Clean Solar Power

January 31, 2022 |

Talesun Solar, a PV module manufacturer, has signed a 250 MW PV module supply agreement with Clean Solar Power (Bhainsada) Private Limited, an Indian renewable energy company. As per the tender guidelines, Talesun Solar will deliver its BIPRO series bifacial modules, which are based on 10-busbar half-cut cell technology and have a first-year deterioration of less than 2 per cent and linear attenuation of less than 0.45 per cent. 

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Meralco floats a tender of 850 MW renewable energy capacity

Meralco floats a tender of 850 MW renewable energy capacity

January 25, 2022 |

The Manila Electric Company (Meralco) has floated a tender to contract 850 MW of renewable energy-producing capacity. The power company is seeking proposals for approximately 600 MW of capacity to start providing power in February 2026, and another 250 MW to commence commercial operations in February 2027, as part of the procurement process.

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RNESL to acquire Faradion Limited for £100 million

RNESL to acquire Faradion Limited for £100 million

January 25, 2022 |

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into a definitive agreement to acquire Faradion Limited’s entire shareholding for £100 million. RNESL will deploy Faradion’s technology for its projected fully integrated energy storage gigafactory in Jamnagar, western India, as part of the Dhirubhai Ambani Green Energy Giga Complex project.

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Fortum and Bank GPB partner on wind power production in Russia

Fortum and Bank GPB partner on wind power production in Russia

January 20, 2022 |

Fortum, the Finnish state-owned energy company, has announced its collaboration with Bank GPB on wind power generation in Russia. A 1.3 GW portfolio of wind projects is being transferred from the Fortum-Rusnano Wind Investment fund (50/50 joint venture) to a recently formed joint venture with Bank GPB for this purpose. The Fortum-Rusnano Wind Investment Fund joint venture will be dissolved following the transfer.

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