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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Europe could mainstream green hydrogen faster than traditional assessments suggest by creating joint investment projects along the value chain, which would allow the initial green premium, or extra cost, of green hydrogen to be measured against the sustainability value-add of a final product, and not only against the cost of competing fossil fuels. Presented below are select extracts and highlights from the white paper titled, “Mainstreaming Green Hydrogen in Europe“. The white paper summarises an independent research project conducted by Material Economics and commissioned by Breakthrough Energy, exploring what Europe can do to accelerate the growth of hydrogen, and in particular renewable energy-based (or so-called green) hydrogen.
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Siemens Energy and the Afghanistan government have signed the Afghanistan Energy Hub agreement, to establish the country as an energy hub in central Asia. This multi-phase agreement aims to develop a modern, sustainable, and cost-effective power system, incorporating the massive potential of renewable energy generation in Afghanistan.
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Setting renewable energy targets is an important component of cities’ efforts to boost deployment of renewables. However, setting the right level of targets relies on good understanding of the availability of renewable energy resources, among other key factors.
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Spain’s cabinet approved a decree establishing rules for renewable energy auctions. The long-awaited auction scheme is likely to lead to the first round by year’s end. The system will have submission of sealed bids and the winners will receive different prices based on their offers. This will take place under a “pay as bid” system.
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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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EBRD announced funding an amount of $24.8 million to support the development of a wind project in Kazakhstan with a capacity of 100 MW. The project work will be undertaken by Zhanatas Wind Power Station, a special project company run and owned by China Power International Holding in partnership with Dutch alternative asset manager Visor Investments Cooperatif.
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New York Governor Andrew M. Cuomo announced an expansion of the Clean Energy Standard as approved by the New York State Public Service Commission. With this, the state has the authority to issue Request for Proposals for renewable power deployment so as to help in achieving the goals laid out in New York’s Climate Leadership and Community Protection Act, or CLCPA.
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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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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.
Read MoreAs the global fight against climate change intensifies, corporates worldwide are increasingly focusing on meeting their sustainability targets through procuring renewable energy.
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The Chilean government has shown significant political will to implement climate change mitigation actions, which will enable the country to fulfil its commitments regarding reductions in greenhouse gas (GHG) emissions. These obligations are set in different initiatives, like the Financial Strategy on Climate Change and the revised Chilean NDC, which aims to reach a target of zero net emissions by 2050.
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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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Morocco’s non-hydroelectric renewables capacity will grow by 4.4GW over the next decade, supported by the government’s power mix diversification efforts and favourable wind and solar conditions. Progress in the sector will be driven further by factors such as hydrogen adoption, international financing and the development of interconnections with the EU.
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The report “Scenarios for the Energy Transition” assesses a collection of recommendations and country experiences gathered through the activities of the LTES campaign and the LTES Network. The report covers how scenarios can better account for potentially transformational changes and how they can be better used for strategic decision-making by governments and investors.
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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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