Shell and Eneco have agreed to work jointly on the offshore wind tender process for the Hollandse Kust (west) (HKW) VI and VII lots, which are located off the coast of the Netherlands. The two companies will submit their bids through their two joint venture firms, Ecowende and SchakelWind. Ecowende will bid for HKW VI, while SchakelWind will submit an offer for HKW VII.
Read More
RWE Renewables, a German renewable energy company, has begun commercial operations at its El Algodon Alto onshore wind farm in Texas’ San Patricio County. The 200 MW onshore wind plant, which is part of the Electric Reliability Council of Texas (ERCOT) south market, is equipped with 91 Vestas wind turbines. The onshore wind farm will generate enough electricity to power over 60,000 homes.
Read More
The Emirates Water and Electricity Company (EWEC) of the United Arab Emirates (UAE) has invited developers to submit expressions of interest (EOIs) for a 1.5 GW solar photovoltaic (PV) project in Abu Dhabi. The Al Ajban Solar PV project would be built in the Ajban area of the Emirate of Abu Dhabi. The solar project will have the capacity to power nearly 160,000 homes across the UAE once it is operational, displacing more than 2.4 million tonnes of carbon dioxide each year.
Read More
China’s transition to a subsidy-free market in 2021 resulted in 34% less capacity installed in the country YoY (-24 GW), which heavily impacted the global total. However, the nearly 48 GW installed in China in 2021 indicates that strong market fundamentals remain despite the shift in policy. If we exclude China, the rest of the world added more than 47 GW of new capacity, a 14% increase YoY, driven primarily by significant growth in Asia Pacific (+134%), Northern Europe (+100%), and Latin America (+82%).
Read More
U.S. President Biden has touted the potential climate benefits of the Bipartisan Infrastructure Law, which makes historic investments in transportation, the country’s largest and fastest-growing source of greenhouse gas emissions. But while the bill’s investments could significantly lower transportation emissions, those reductions are not guaranteed. States and cities will face choices in the coming months and years on how they want to spend the Bipartisan Infrastructure Law’s transportation-related funding.
Read More
By 2026, Lightsource bp, a joint venture between Lightsource and bp, intends to develop 1 GW of solar power capacity in France. To achieve this target, the company plans to build many large-scale ground-mount solar farms. Under the agreement, Lightsource bp plans to engage in public tenders and provide companies with sustainable energy through power purchase agreements.
Read More
Acciona Energía, a Spanish renewable energy company, has begun construction on the MacIntyre complex, a 1,026 MW wind farm in Queensland, Australia. MacIntyre and Karara wind farms are part of the $1.4 billion wind complex. MacIntyre is a 923 MW wind farm in which ACCIONA Energía owns a 70 per cent share and Ark Energy owns the remaining 30 per cent.
Read More
Verbund, an Austrian electricity provider, has announced the purchase of a renewable energy portfolio in Spain from various funds of the Q-Energy Group for an undisclosed sum. The vendor funds will be managed by Q-Energy Private Equity, a green energy investment fund manager.
Read More
The hope and expectation are that, similar to prior iterations of the Build Back Better Act, the package will include 10-year extensions of the renewable energy production and investment tax credits, coupled with new direct pay provisions
and incentives for key enabling technologies, like energy storage and high-voltage transmission. The clean energy industry is ready to put additional capital to work immediately to take advantage of this crucial package.
Global Infrastructure Partners (GIP), a US-based infrastructure investor, has agreed to purchase wpd offshore, the German renewable project developer’s offshore wind company. wpd offshore wind has constructed 7 GW of capacity and commenced operations in fourteen European and Asia-Pacific (APAC) regions since its inception.
Read More
India and Italy will develop partnerships in key renewable energy sectors such as green hydrogen, biofuels, and energy storage. The decision was taken in a meeting between the Minister of External Affairs, India and his Italian counterpart. Reportedly, the discussion also covered the implementation of the India-Italy Strategic Partnership on Energy Transition, which was announced in 2021.
Read More
AES Corporation, based in the US, has signed two power purchase agreements (PPAs) with Amazon to supply 450 MW of clean energy to power its data centre operations in California. AES Corporation’s portfolio of projects will deliver clean energy to the California Independent System Operator (CAISO) market with 450 MW of solar and 225 MW of four-hour duration battery energy storage.
Read More
Greenbacker Renewable Energy Company LLC (GREC), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced that, through a wholly owned subsidiary, it has purchased three pre-operational, utility-scale solar projects in New York from Hecate Energy LLC (Hecate). Each comes with a long-term contract with an investment-grade offtaker.
Read More
Vena Energy, a Singapore-based renewable energy company, has chosen Offshore Design Engineering (ODE) to serve as the owner’s engineer for its 384 MW Yokji offshore wind farm in South Korea. Under the contract, basic engineering, wind turbine generator package support, engineering, procurement, and construction preparation support services are included.
Read More
Denmark is planning to set up two energy islands that can supply renewable energy produced by offshore sources to the domestic market of Denmark and other European countries. Denmark will build the first island in the North Sea to serve offshore wind turbines with a 3 GW initial serving facility. The second Denmark energy island will be built in the Baltic Sea’s Bornholm islands, with a serving capacity of 2 GW.
Read More
The administration of the US President has announced that a $3.1 billion plan will be formulated to increase the manufacturing of domestic electric vehicle (EV) batteries, speeding up the country’s transition from gas-powered automobiles to EVs. Reportedly, the US emits the most greenhouse gases per capita in the world.
Read More
Galp, a multinational energy corporation headquartered in Portugal, has agreed to purchase 4.8 GW of solar and wind energy projects in Brazil from SER Energia and Casa dos Ventos. The agreement with SER Energia, a Brazilian solar designer, encompasses the purchase of 4.6 GWp of projects currently under construction in Brazil. Galp will acquire a group of 216 MW wind farms being developed in Brazil’s north-east region with Casa dos Ventos.
Read More
Hydro Rein, Atlas Renewable Energy, and ALBRAS will jointly develop, build, and operate a self-production 438 MW solar plant in Paracatú, Brazil. The plant will supply Albras’ primary aluminium plant with long-term renewable power. The proposed solar plant in Boa Sorte is scheduled to open in the fourth quarter of 2023. The plant’s construction is scheduled to begin in the fourth quarter of 2022. A total of $320 million is expected to be invested.
Read More
The survey looks at the range of offer prices for solar and onshore wind PPAs across 10 European markets. Solar PPAs are generally more expensive than wind by up to 10 euros/MWh in each respective market, although the average gap has narrowed from 6.7 to 4.5 euros since 2H 2020. This is because onshore wind prices rose slightly more on average (9.4%) than solar (5.7%) over that time.
Read More
Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has agreed to acquire a 100 per cent stake of Solenergi Power Private Limited and the Sprng Energy group of companies for $1.55 billion from Actis Solenergi Limited (Actis). The deal is expected to almost triple Shell’s renewable energy capacity in operation, as the company strives to become a net-zero emissions firm by the year 2050.
Read More