This report “The Plan to Enable the Bioeconomy in America: Building a Resilient Biomass Supply” by USDA focuses on systems of production of biomass as raw material and its preprocessing into feedstocks for many diverse types of biomanufacturing and biobased products in the U.S. bioeconomy. Some of these systems are well-established and primed for expansion, while others are newly emerging.
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The energy company obligation (ECO) is the government’s flagship fuel poverty alleviation programme, and one of the main pillars to improve overall energy efficiency. Changes to the scheme have led to a fall in the number of installations. Reform of the programme is needed to ensure it can play a central role in meeting the UK’s statutory target to end fuel poverty by 2030. ECO’s ability to act as a vehicle to deliver home upgrades has proved successful in the past.
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Key takeaways from the presentation “Power Grid Interconnections to Accelerate Asia’s Energy Transition” are interconnection accelerates energy transition. Further, as renewables shares grow, benefits of interconnection also increase. In addition, grid-to-grid integration combined with multilateral trading enables secure and efficient green energy integration.
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UAB Renerga, a developer of wind energy projects in Lithuania has chosen Nordex Group to supply 40 N163/6.X turbines. The Delta4000 series turbines are projected for the 264 MW Pagegiai wind farm project in the west of the country. The contract also comprises a Premium Service contract.
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Shell has officially approved Verdagy’s eDynamic electrolyzers, endorsing them as a supplier for its upcoming green hydrogen projects. Verdagy collaborated closely with Shell to undergo a thorough safety review known as “HAZOP” and a comprehensive assessment of the design
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SSE and Bord na Móna have formed a joint venture, splitting ownership equally, to deliver up to 800 MW of new renewable onshore wind energy in Ireland. Over €1 billion could be invested over the next ten years in developing multiple wind projects across the Midlands
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Korys has increased its ownership in Virya Energy to 70 per cent by acquiring an additional 30 per cent from the Colruyt Group, amounting to approximately €600 million in equity value. With this stake, Korys aims to support Virya Energy in advancing its growth plans
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Leeward Renewable Energy, a US renewable energy developer and operator, has inked power purchase agreements (PPAs) with Microsoft Corp for two 200 MW solar projects in Texas. The tech giant obtained power from the Cradle Solar project in Brazoria County and the Morrow Lake Solar project in Frio County under the PPAs.
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RWE AG, a German energy group, has finalised the purchase of the 4.2 GW Norfolk offshore wind zone portfolio in the UK from Swedish utility Vattenfall AB. The three 1.4 GW fully consented projects in the Norfolk zone are Norfolk Vanguard West, Norfolk Vanguard East, and Norfolk Boreas, all of which are situated off the coast of Norfolk in East Anglia. All of Vattenfall’s team in Norfolk will also join RWE as part of the agreement, which was announced at the end of 2023.
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TerraWind Renewables is a joint venture between US infrastructure investor Stonepeak and Japanese renewable energy company Shizen Energy. Stonepeak will own 80 percent of the new onshore wind energy platform, while Shizen Energy will own the remaining 20 percent.
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Renewable Power Capital (RPC), a pan-European renewables developer located in the UK, and Altea Green Power have partnered to build 1 GW of battery energy storage in Italy. With this partnership, RPC’s European storage pipeline—which currently has more than 5.5 GW—additionally gains a new jurisdiction.
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Ventyr, a consortium consisting of Parkwind and Ingka Investments, the investment arm of Ingka Group has won the Norwegian auction for the development of the Sørlige Nordsjø II phase 1 area in the Southern Norwegian North Sea.
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Shell New Energies US LLC, a subsidiary of energy giant Shell PLC, has divested its 50% equity share in the SouthCoast Wind Energy LLC offshore wind joint venture to its partner Ocean Winds North America LLC. SouthCoast Wind is a 50-50 joint venture originally formed between Shell and Ocean Winds in 2018 to develop offshore wind projects off the coast of Massachusetts. With this deal, Ocean Winds now takes full ownership of the venture.
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KKR, a prominent global investment firm, has announced the signing of a definitive agreement to acquire a majority stake in Avantus, a premier developer of large utility-scale solar and solar-plus-storage projects in the United States.
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Lhyfe has secured financial support in the form of a grant of up to €149 million from the French Government for the development of a green hydrogen production plant with an installed electrolysis capacity of 100 MW near Le Havre. Furthermore, the European Commission granted approval for this project
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The European Investment Bank (EIB) has granted a green loan worth €700 million to Iberdrola. The loan is granted to expand the electricity distribution network in Spain. EIB Director General for EU Operations and Iberdrola Chief Finance, Control and Corporate Development Officer inked the loan’s first €500 million tranche in Madrid.
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Focused and co-developed clean transition partnerships would help the EU strengthen its geopolitical position in an increasingly multipolar world. Doing so is critical to preserve Europe’s influence as an international actor, and essential to the long-term viability, security, and prosperity of the EU project. Clean transition partnerships can contribute to rebuilding trust with the Global South by making a strong case for cooperation with the EU.
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Between 2016 and 2020, the manufacturing sector made up 23.8% of Vietnam’s GDP, with almost one-fifth—5% of the manufacturing sector—coming from the domestic iron and steel industries. Surprisingly, the steel sector alone is responsible for 7% of Vietnam’s total CO2 emissions. Decreasing emissions from iron and steel will require transitioning away from fossil fuels that have traditionally powered production and shifting toward low or zero-emission alternatives.
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Brazil’s electricity outlook seems positive, with the government actively working to maintain grid stability. The country has opened the transmission sector for private participation and is actively providing regulatory and policy support for the same. In the electricity sector, the country is actively working towards limiting its dependency on hydropower projects to reduce its vulnerability to extreme weather conditions.
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Grid investments across Europe must be stepped up and planning processes fully aligned with the new reality of the energy transition. Grids have recently skyrocketed onto the political agenda. As clean technology deployment surges forward, it is increasingly coming up against the bottleneck of insufficient grid capacity, leading to connection delays, curtailment and increased costs for consumers. The analysis, based on 35 national grid development plans from European Transmission System Operators (TSOs) of electricity, shows that planned network developments in a number of countries are out of step with the reality of the energy transition.
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