Senvion GmbH has agreed to sell 100 per cent of its Indian operations (Senvion India) to Global Renewable Energy Development Holding Company Limited (GREDHCL). Subject to regulatory approvals, the sale is proposed to close in the first quarter of 2021.
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ENGIE North America and Hannon Armstrong have announced a new partnership to jointly invest in a distributed generation portfolio of solar and solar-storage assets located across the US.
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The Royal Automobile Club of Victoria has announced a $1 million investment in solar and battery installations for bushfire-prone areas of Victoria over the next two years.
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AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company is seeking proposals for off-take from new solar and new wind projects located in Ohio and Texas.
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KKR & Co. Inc. has announced the signing of agreements with NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc. and NextEra Energy Partners LP to acquire equity interests in portfolios of contracted utility-scale wind and solar power assets. , KKR will invest a total of about $1.4 billion in two transactions for equity interests in 1,625 MW of renewable energy assets.
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Analysis of China’s potential flexible resources; the supply, and demand side perspective; and market mechanism to facilitate energy transition.
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Organic Flower Investments Group Inc. (Organic Flower) has acquired a 90 per cent equity interest in California-based PowerTap Hydrogen Fueling Corp. (PowerTap).
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The Australian Renewable Energy Agency (ARENA) has announced that it will jointly fund the development of a 50 MW/75 MWh grid-connected lithium ion battery project at its Wallgrove substation in western Sydney. ARENA will provide up to $11.5 million in funding to TransGrid to build this project.
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EV adoption in Indonesia will experience a less rapid growth trajectory when compared to other more high-growth markets particularly in Europe, China and South Korea, due to a lack of incentives, low incomes and limited charging infrastructure.
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Kazakhstan, Turkmenistan, and Uzbekistan are rich in fossil fuels, while the Kyrgyz Republic and Tajikistan have extensive hydropower. Yet in winter, the hydro-rich countries suffer from power shortages due to a combination of reduced water flow and higher demand for heating. The solution is for these countries to share energy.
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Under the 2015 Paris climate accord, all signatory governments are committed to strengthening their emissions-reduction plans every five years, and of the 105 countries that have publicly done so for the 2020 deadline, 44 are in Africa. That is a promising sign.
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Entergy has announced plans to begin exploring the use of hydrogen in its generation portfolio, as part of a commitment to reach net zero emissions by 2050. Going forward, such projects can kick-start the market for green hydrogen made from renewable-powered electrolysis by driving demand at scale quickly.
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Wind-solar hybrid is fast emerging as a viable new renewable energy structure in India due to the high potential of both wind and solar resources across various locations and the provision of enhanced grid stability and reliability.
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Chinese President has declared that China will strive to become carbon neutral by 2060. The decision has high consequences for the European Union. However, for the time being, a carbon-neutral China remains a vague political aspiration.
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ANDRITZ has received a contract from Greenko, one of the largest independent power producers in India, for the supply of electro-mechanical equipment for the 1,200 MW Pinnapuram pumped storage plant located in Andhra Pradesh, India. The contract includes design, manufacture, supply, transportation, erection, testing, and commissioning of four 240 MW units, two 120 MW reversible pump units, main inlet valves and associated auxiliaries.
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China is highly dependent on fossil fuel imports. At the same time, China is striving to lead in new energy technologies, particularly wind and solar electricity generation and electric vehicles. It is more in charge of its own fate in electricity, while it remains highly vulnerable to market conditions and supply shocks in oil and gas. Slowly, it has become the center of gravity for global energy markets.
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The growth in primary energy over the outlook period is dominated by renewable energy, as the world shifts towards lower-carbon sources of energy. The share of renewable energy (including wind, solar, geothermal and bioenergy but excluding hydro power) increases more than 10-fold in both Rapid and Net Zero.
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PUSPOK Group has selected GE Renewable Energy to supply 30 of its Cypress onshore wind turbines for two wind farms located in the Burgenland region in Austria. The deal also includes a multi-year service contract.
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GE Renewable Energy has completed the installation and commissioning of the 53 MW Kirazli and 32 MW Meryem wind farms in Turkey.
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USAID has awarded Tetra Tech, California-based consulting and engineering services firm, a five-year USD 29.7 million contract for the continuation of its Scaling Up Renewable Energy project (SURE II).
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