Tag: Renewables

RWE joins forces with WhiteRock to develop gigawatts of US renewable

RWE joins forces with WhiteRock to develop gigawatts of US renewable

April 10, 2024 |

RWE Clean Energy has formed a strategic partnership with renewables developer WhiteRock Renewables (WhiteRock) to scale-up the expansion of RWE’s onshore wind, solar, and energy storage development pipeline in the US. The company is aiming for record growth in the US. This partnership with WhiteRock will help RWE progress on its expansion goals in the US. WhiteRock expects to create and develop 4 to 5 GW of onshore wind, solar, and battery energy storage system (BESS) projects.

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Excelsior inks 2 GW solar panels supply agreement with Heliene

Excelsior inks 2 GW solar panels supply agreement with Heliene

April 10, 2024 |

Excelsior Energy Capital, a renewable energy infrastructure investor, has inked a multiyear agreement to buy 2 GW of solar modules from Heliene. A majority of the panels supplied by Heliene are expected to be manufactured in the United States. They will primarily be produced at an existing Heliene factory in Mountain Iron, Minnesota and at a new factory the company plans to build in the Greater Minneapolis-St. Paul area.

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Fortescue opens 2 GW electrolyser facility in Australia

Fortescue opens 2 GW electrolyser facility in Australia

April 8, 2024 |

Fortescue Ltd, an Australian metal mining and green energy company has formally established a production plant in Gladstone, Queensland, with the capacity to produce over 2 GW of electrolyser stacks annually. This is one of the first factories in the world to produce Proton Exchange Membrane (PEM) electrolyser stacks with an automated assembly line. The plant will manufacture electrolysers that Fortescue teams in the US and Australia created internally.

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US Solar Market Remains Heavily Reliant on Imported Goods

US Solar Market Remains Heavily Reliant on Imported Goods

April 8, 2024 |

The US currently has the makings of a strong solar manufacturing supply chain, but increased support is critical to regain solar manufacturing competitiveness. Filling these support gaps is possible, and in doing so, the US can improve its energy security and market leadership as the world increasingly looks to solar PV technology to generate low cost electricity in the face of the continuing climate crisis. Strong, consistent, and unwavering policy support for domestic solar manufacturing can lay the foundation to make the US, the nation that invented solar modules, a leader in modern solar energy manufacturing.

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Global Green Hydrogen Economy: Learnings from the Berlin Energy Transition Dialogue

Global Green Hydrogen Economy: Learnings from the Berlin Energy Transition Dialogue

April 8, 2024 |

Given its potential to decarbonise hard-to-abate industries such as cement, steel, fertilisers and chemicals, there was significant excitement regarding the evolving global green hydrogen landscape at the recently held 10th edition of the Berlin Energy Transition Dialogue (BETD). Representatives from various countries discussed their respective countries’ plans and projects in the green hydrogen space. They also shared insights gained from their initial experiences.

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Women begin to find their stride in the Indian renewables space

Women begin to find their stride in the Indian renewables space

April 8, 2024 |

The traditional energy sector, with its heavy machines and engineering, has always been perceived as a male-dominated sector, and women have been grossly under represented in this space. The “in-trend” solar power segment, with newer and more automated projects as well as higher penetration of distributed assets, is much better placed than the conventional energy sector and even the older wind power segment in terms of women participation.

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Hydrogen Supply from MENA to Europe: Paper

Hydrogen Supply from MENA to Europe: Paper

April 5, 2024 | ,

Green hydrogen emerges as a promising solution to the intermittency of renewable energy resources, offering storage and transport capabilities essential for a sustainable energy future. Germany’s proactive hydrogen diplomacy exemplifies the strategic importance of securing reliable supply chains.

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Tasmania’s Energy Storage Potential: Report

Tasmania’s Energy Storage Potential: Report

April 5, 2024 | ,

Tasmania could significantly reduce its energy costs by optimising its energy assets: importing more cheap electricity, exporting more high-priced electricity, and slashing electricity costs of residential and commercial buildings. Batteries could help Tasmania cost-effectively increase both imports and exports of energy, while a broader review of market incentives and rules may be required to optimise the opportunity represented by water hoarding.

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Avangrid secures permitting for New England Wind offshore farm

Avangrid secures permitting for New England Wind offshore farm

April 5, 2024 |

Avangrid has secured the Federal Record of Decision (ROD) from the Department of the Interior regarding the New England Wind project. This decision marks progress towards obtaining full federal approval for construction, with the anticipated approval of the Construction and Operations Plan by July 2024.

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Landinfra and Eiffel announce 1,800 MW renewables projects in Sweden

Landinfra and Eiffel announce 1,800 MW renewables projects in Sweden

April 4, 2024 |

Landinfra Energy AB and Eiffel Investment Group have finalised a collaboration to develop a pipeline of up to 1,800 MW renewable energy projects in Sweden. These projects encompass solar power, wind power, and energy storage. Under the agreement, Eiffel will acquire a 50 per cent stake in the portfolio from Landinfra, while Landinfra will retain the remaining.

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CIP acquires majority stake in Elgin

CIP acquires majority stake in Elgin

April 4, 2024 |

Copenhagen Infrastructure Partners (CIP) has secured a majority stake in Elgin Energy  through its main fund CI V to deliver and expand its existing 15 GW solar PV and battery portfolio. The collaboration involves a joint investment of £250 million from CIP and Elgin Energy.

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TotalEnergies launches new battery storage project in Belgium

TotalEnergies launches new battery storage project in Belgium

April 3, 2024 |

TotalEnergies has announced the building of a new battery storage facility in Belgium. The project operations are slated to begin by the end of 2025. The project will be situated at the TotalEnergies depot in Feluy, Belgium, and will have a 75 MWh capacity with a 25 MW power rating. The project announcement comes just a year after we the Antwerp storage project began, which is estimated to be operational by the end of the year.

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India’s Adani surpasses 10 GW of renewable energy installations

India’s Adani surpasses 10 GW of renewable energy installations

April 3, 2024 |

One of India’s major renewable energy producers, Adani Green Energy Limited (AGEL), has surpassed 10 GW of operational renewable energy installations. This large portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity. Out of these total deployments, 2,848 MW of capacity was brought online in the Indian financial year 2023-24.

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Virginia regulators approve Dominion Energy solar projects

Virginia regulators approve Dominion Energy solar projects

April 1, 2024 |

Virginia authorities have approved Dominion Energy Inc’s plans to add 764 MW of solar generating capacity to its fleet in the state through new installations, acquisitions, and off-take partnerships. Dominion has been given permission by the Virginia State Corporation Commission (SCC) to execute 13 power purchase agreements (PPAs) for 435 MW of independently owned projects. Contracts will be signed for projects chosen through a competitive process.

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U.S. Renewable Energy M&A: Review of 2023 and Outlook for 2024

U.S. Renewable Energy M&A: Review of 2023 and Outlook for 2024

April 1, 2024 |

Entering 2023, renewable energy mergers and acquisitions (“M&A”) faced significant headwinds, including sustained high interest rates, inflationary pressures, supply chain constraints, government support program uncertainty and grid reliability. As a result, renewable energy deal volume declined significantly in 2023 from 2022 levels. Despite these challenges, investor optimism grew during the back half of the year with easing supply chain bottlenecks and legislative clarity on the $369 billion energy and climate spending earmarked by the Inflation Reduction Act (“IRA”).

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Ireland’s Offshore Renewable Energy Technology Roadmap

Ireland’s Offshore Renewable Energy Technology Roadmap

April 1, 2024 |

Ireland has access to a huge offshore renewable energy (ORE) resource to help decarbonise the economy. Indeed, Ireland’s ample scope for ORE deployment means that ORE can potentially provide far more energy than is needed by the people and businesses of Ireland, and Ireland has the potential to export significant low-carbon power to consumers across Europe. 

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South Korea’s transition away from fossil fuels is delayed

South Korea’s transition away from fossil fuels is delayed

April 1, 2024 |

South Korea’s energy security policies and business strategies have been misconstrued to focus on securing fossil fuels for power supply stability and affordability.  South Korea’s transition away from fossil fuels has been slow, despite ambitious targets set in its Nationally Determined Contribution (NDC) to reduce fossil fuel use in the power sector to 23.7% and increase renewable energy to 30.6% by 2036. In 2023, fossil fuels still accounted for 58.5% of the power mix, while renewable energy contributed only 9.64%.

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