The Government of New York State has started construction of the 339-mile Champlain Hudson Power Express transmission line from Hydro-Québec in Canada to New York City (NYC). The project, which is being developed by Transmission Developers, will deliver 1.2 GW of clean energy from Hydro-Québec to NYC.
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Southeast Asia stands at a crossroads. Either it can continue its reliance on fossil fuels – more of which are coming from non-indigenous sources, thereby increasing exposure to volatile, and increasingly expensive, global commodity markets – or the region can utilise the ample, affordable and indigenous local renewable energy resource in an energy transition pathway.
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Wind and solar power generation lowered Turkey’s import bills by preventing seven billion USD fossil fuel imports in the last 12 months. In the following months, approximately 700 million USD in savings is expected each month if the gas price remains the same. While the Transmission System Operator reserves limited capacities for wind and solar, auctions attract 10-15 times more applications than the auctioned capacities.
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The South Asian countries have been engaged in cross-border electricity trade (CBET) for over a decade now through bilateral transactions. The South Asian region presents a great opportunity to link economies through an integrated regional power market, which requires strengthening transmission connectivity and access, thereby facilitating energy security and helping achieving greater economic prosperity.
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ArcLight Capital Partners (ArcLight) has given service contracts to energy asset management company Consolidated Asset Management Services (CAMS) for their 10 GW power generating portfolio. CAMS will provide operations and maintenance (O&M) and asset management services for the power plants under the conditions of the contract.
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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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Hydrogen is likely to influence the geography of energy trade, further regionalising energy relations. With the costs of renewable energy falling, but those of transporting hydrogen high, the emerging geopolitical map is likely to show growing regionalisation in energy relations. Countries with an abundance of low-cost renewable power could become producers of green hydrogen, with commensurate geoeconomic and geopolitical consequences. As the costs of green hydrogen fall, new and diverse participants will enter the market, making hydrogen even more competitive.
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Wärtsilä, a technology firm, will deliver a 5.2 MW energy storage system to provide frequency management in the ancillary service market for the Taiwanese grid as Taiwan strives to attain 20 per cent renewable energy by 2025. Shangfa Construction received the order in August 2021 and will construct the energy storage facility on behalf of North-Star International Co., Ltd.
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Globeleq, a South African independent power producer, has completed the senior debt refinancing of three of its renewable energy plants, totaling 238 MW. Absa Bank, part of the financial services company Absa Group Ltd, served as the required lead arranger and sole underwriter for the $362 million debt financing package.
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RK Singh, Indian Minister of State (Independent Charge) for Power, New and Renewable Energy and Minister of State Skill Development and Entrepreneurship chaired a high level meeting to review the progress of various energy efficiency programmes and the preparedness for climate change actions in the country. The purpose of this high level meeting was to discuss activities in the field of energy efficiency across all the sectors of the economy with the objective of reducing carbon di-oxide emissions.
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Marubeni Corporation signed a Memorandum of Understanding with Electricity Generation Company of Bangladesh Limited (EGCB), an electricity and utility company owned by the Bangladesh Development Board. The MoU is regarding the joint development of the 100 MW solar PV power plant project in Chittagong, Feni, southeast of People’s Republic of Bangladesh.
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EDP has announced an investment of Euro 470 million in renewable projects in the province of Asturias, Spain where it will build Spain’s first floating wind farm and reconvert the Aboño and Soto de Ribera plants.
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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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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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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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The US has made substantial progress towards a low-carbon economy over the past several years. According to research, the benefits of US climate action in today’s economic reality are evident. Strong climate action and investments in low-carbon infrastructure can be effective ways to recover from Covid-19 and secure the economy’s long-term success.
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The African Development Bank has approved a Euro 225 million loan to finance Egypt’s Electricity...
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The global energy landscape is changing. This is particularly true in EU countries, which are preparing to implement the Clean Energy Package. Distribution System operators (DSOs) have historically had an important role in connecting low carbon generation, but with the pace of decarbonisation and electrification of the energy system they are having to adapt quickly.
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