ACWA Power, a leading developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, has signed two significant agreements during the EBRD 2023 Annual Meeting and Business Forum in Samarkand that took place between May 16 and 18, 2023, marking a major milestone to advance Uzbekistan’s target to decarbonise 35 per cent of its energy sector by 2030.
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Apex Clean Energy and Powin, the developer of energy storage platforms, have decided to collaborate on the development of two new battery storage projects in Texas. The projects, known as Angelo Storage and Great Kiskadee Storage, will assist grid reliability in the Energy Reliability Council of Texas (ERCOT) market and have a total capacity of 400 MWh. The 195 MW Angelo solar project will be constructed next to Angelo Storage.
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Governments around the world are accelerating their renewables programs to help reduce their reliance on imported energy, as geopolitical tensions and economic uncertainty continue to make this a volatile and unpredictable time. The report looks at key developments within 10 global markets — from the biggest change to German energy policy since 2017 to new US legislation that could be a game changer for its green hydrogen industry.
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Zenobē Energy, a British company that specialises in energy storage, has started building a 1 GW storage facility in Scotland that will require approximately $886.5 million total investment. Blackhillock, Kilmarnock South, and Eccles will be the sites of the three utility-scale battery storage assets.
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Equinor and Offshore Renewable Energy (ORE) Catapult have partnered to address some of the most significant issues confronting the UK’s offshore renewables industry. The new partnership will build on the two organisations’ previous collaborations.
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Octopus Energy Group, based in the UK, has joined the Italian green energy market through a partnership with Nexta Capital Partners, an Italian renewable developer. By establishing a joint venture, the two firms anticipate constructing 1.1 GW of new onshore wind, solar, and energy capacity in the southern Italian region by 2025.
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The brief emphasises the need for international and regional cooperation. International collaboration, combined with financial and technical assistance, is critical in addressing both the challenges and opportunities to support the low carbon energy transition and net zero goals. It can help bridge gaps and strengthen capacities, both financial and human capital, and assist the ASEAN Member States (AMS) in achieving their energy and climate objectives.
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While Africa accounts for almost one‐fifth of the world’s population, it attracts less than 5% of global energy investment. This is spread unevenly across the continent. Ten countries accounted for 90% of private investment in energy and electricity infrastructure on the continent over the last ten years, South Africa alone accounting for nearly 40%. Total energy investment in Africa was already declining prior to the pandemic and fell even more quickly in 2020, by over 20%.
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In the long term, global and Canadian ambition to reduce greenhouse gas (GHG) emissions will be a critical factor in how energy systems evolve. EF2021 considers two main scenarios where energy supply and demand projections differ based on the level of future action to reduce GHG emissions. EF2021 also includes six additional scenarios that explore what Canada’s electricity system might look like in a net-zero world.
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This 2022 edition of Tracking SDG 7: The Energy Progress Report assesses achievements in the global quest for universal access to afordable, reliable, sustainable, and modern energy by 2030. At today’s rate of progress, the world is still not on track to achieve the SDG 7 goals by 2030. Advances have been impeded, particularly in the most vulnerable countries and those that were already lagging.
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At a time when energy prices are skyrocketing, here’s some good news for residents in 11 Eastern states: according to a new report out recently, RGGI, a regional power plant program, is working to lower electricity bills for households and businesses by billions of dollars and improve cost of living through investments in energy efficiency, renewable energy, electrification, and other measures that are also cutting pollution and cleaning up our air.
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Apart from policy formulation, it is also important to track the progress of the implementation of these policies. The State Energy and Climate Index (SECI) is the first index that aims to track the efforts made by states and UTs in the climate and energy sector. It is hoped that an in-depth analysis of individual states will help in enhancing the service delivery on various parameters of energy. These parameters have been devised keeping in mind India’s goals for climate change and clean energy transition.
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Energy production was low, down 14 per cent compared to last year and the lowest level in over 50 years. Electricity output from renewable technologies dropped significantly because of less favourable weather conditions in 2021. Wind dropped 14 per cent, with further falls in both hydro and solar generation. Renewables share of generation dropped from a record high of 43.1 to 39.3 per cent despite a small increase in capacity.
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The report opens with a discussion of the interplay among gender equality, energy access and economic improvement, and serves as background behind the main research question. Following this is an outline of the funding received in ASEAN for energy and gender related programmes between 2010 and 2019, then data-driven recommendations for policymakers.
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The Renewables Infrastructure Group (TRIG), a UK-based energy investment group, has purchased a 49 per cent stake in Repsol Renovables’ Project Valdesolar, a 264 MW solar power park in Spain. Repsol will own the remaining 51 per cent of the Valdesolar project, which it developed and constructed. The deal’s financial terms have yet to be revealed.
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PT Perusahaan Listrik Negara (PT PLN), a state-owned energy utility, is seeking strategic partnership to develop geothermal capacity in Indonesia. The company is looking for a project sponsor to develop PLN Geothermal Power Plants. Interested companies should either be Indonesia-based or be based in a country that has diplomatic relation with Indonesia.
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Government can supercharge renewables deployment this decade by ensuring all relevant bodies have a mandate aligned with the UK’s 2035 net zero power system target, scaling up support to attract renewable supply chain investment to the UK, and setting ambitious interim targets for renewables technologies. While existing oil and gas production should continue to be used, future licensing rounds will not play a part in eliminating UK’s reliance on Russian gas due to the long time to bring projects online.
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The COVID-19 pandemic has had wide ramifications on many sectors, including energy sector. This draws the interest of numerous scholars who have sought to investigate the impact of the pandemic on the energy sector as well as the prospects for a green recovery trajectory. However, few of these authors have considered the role of fiscal stimulus that governments have provided in the context of green recoveries.
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The Chinese government plans to construct 450 GW of renewable energy generating projects in the Gobi Arid and other desert areas to accomplish its sustainability goals. The government intends to establish solar and wind energy installations in the area as part of this initiative. According to the reports, ultra-high voltage electricity transmission lines and coal-fired power plants would be required to secure the power grid’s stability in order to accommodate large-scale renewable energy installations in the country.
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The big data revolution is already changing many industries in America. Recently, New York began testing how much value it can create by expanding energy data access. In doing so, New York may be leading a long-anticipated revolution in how utilities, developers, and customers can access, use, and monetize data to unlock more value. As the New York data access proceeding evolves, it serves as an industry case study for regulators, developers, and utilities around the country.
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