Tag: Renewables

European Hydrogen Market: Report

European Hydrogen Market: Report

November 22, 2024 | , , ,

The European hydrogen market is beginning to take shape, driven by ambitious EU-wide strategies and national policies. This report marks the start of ACER’s monitoring work on this emerging sector, in line with the hydrogen and gas decarbonisation package. It takes stock of recent developments and highlights key challenges from a regulatory standpoint. The report concludes that the current renewable hydrogen consumption remains minimal, and while EU renewable energy and decarbonisation targets could drive the demand, uptake so far has been slow.

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Role of G20 in Promoting Energy Transition: Report

Role of G20 in Promoting Energy Transition: Report

November 22, 2024 | ,

This report “The Role of the G20 in Promoting Green and Just Transitions” by OECD focuses on climate change and the serious threats it poses to human lives and livelihoods, particularly for the poorest and most vulnerable and on the opportunities brought by green transitions. This report begins by exploring the purpose of green and just transitions as the world community moves towards sustainable development. Then the report seeks to identify the opportunities and synergies involved in taking an integrated and co-ordinated approach to the green and just transitions.

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China’s Climate Technology Investment Market: Report

China’s Climate Technology Investment Market: Report

November 22, 2024 | , ,

To overcome the financing difficulties in the early stages of climate technology development and to promote efficient capital flow and allocation, this report, based on the status of China’s climate technology development and investment market, focuses on the specific challenges faced by startups in climate technology investment and financing. It systematically analyzes the core influencing factors and proposes strategies from three dimensions — scientific modeling, platform development, and financial product innovation — to support the construction of a sustainable investment and financing ecosystem.

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Energy Transition Investment Outlook: KPMG

Energy Transition Investment Outlook: KPMG

November 22, 2024 | , ,

As the energy transition accelerates, massive investment opportunities are emerging across multiple sectors. These are driven by the need to expand renewable energy capacity, improve energy and resource efficiency, and upgrade related infrastructure. This report “Energy transition investment outlook: 2025 and beyond” by KPMG tracks the investor perspective on the energy transition, emphasising the importance of increasing, sustained and collaborative investment.  It explores how a wide range of forces (such as public policy, market dynamics, technological progress and financial innovations) drive investment.

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Fidra and Sungrow partner for 4.4 GWh BESS projects

Fidra and Sungrow partner for 4.4 GWh BESS projects

November 22, 2024 | , ,

Fidra Energy and Sungrow have signed a strategic partnership agreement to supply 4.4 GWh of energy storage systems for Fidra’s 10 GW battery storage system (BESS) across  UK and Europe by 2030. Under the agreement, Sungrow will provide its PowerTitan 2.0 liquid-cooled energy storage systems (ESS) for Fidra’s Thorpe Marsh and West Burton C sites in the UK. 

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Tata Power and ADB ink $4.25 billion renewable energy deal at COP29

Tata Power and ADB ink $4.25 billion renewable energy deal at COP29

November 22, 2024 | ,

Tata Power and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) at the COP29 climate conference in Baku, Azerbaijan, to explore financing renewable energy and infrastructure projects valued at $4.25 billion. The projects aim to strengthen India’s renewable energy capacity, enhance power distribution networks, and expand clean energy infrastructure.

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RIC Energy and Rosemawr to fund 450 MW renewables in New York

RIC Energy and Rosemawr to fund 450 MW renewables in New York

November 21, 2024 | , , ,

RIC Energy, a renewable energy company, and Rosemawr Management, an investment firm specialising in municipal and sustainable infrastructure, have announced a financing partnership. This partnership will provide funds for interconnection deposits, supporting the development of up to 450 MW of solar and energy storage projects across New York over the next three years.

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Tata Power and DGPC to develop 5,000 MW renewables in Bhutan

Tata Power and DGPC to develop 5,000 MW renewables in Bhutan

November 21, 2024 | , , ,

Tata Power and Bhutan’s Druk Green Power Corporation (DGPC), a subsidiary of Druk Holding and Investments Limited, have signed an MoU to develop 5,000 MW of renewable energy, including 4,500 MW of hydropower and 500 MW of solar projects. Key projects include the Dorjilung HEP, Gongri Reservoir, Jeri Pumped Storage, Chamkharchhu IV, and solar initiatives by Tata Power Renewable Energy Limited.

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SEFE, Eletrobras, and EnerTech partner to supply green hydrogen to Germany

SEFE, Eletrobras, and EnerTech partner to supply green hydrogen to Germany

November 20, 2024 | , ,

Securing Energy for Europe (SEFE), Eletrobras, and EnerTech have inked a Joint Study Agreement (JSA) to supply 200,000 tonnes of green hydrogen annually to Germany, starting in 2030. The partnership will establish a green hydrogen production facility in Brazil, integrated with the power grid and utilising electricity sourced from hydropower and other renewable energy options. 

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ACCIONA Energía divests 626 MW hydro portfolio to Endesa 

ACCIONA Energía divests 626 MW hydro portfolio to Endesa 

November 19, 2024 | , ,

ACCIONA Energía has agreed to sell its entire stake in, Corporación Acciona Hidráulica S.L., to Endesa for €1 billion. This deal will generate €620 million in capital gains for ACCIONA Energía and is expected to close in the first half of 2025. Corporación Acciona Hidráulica, S.L. owns and operates 34 hydroelectric power plants in Spain, totaling 626 MW of installed capacity.

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Improved Electricity Trade In Latin America To Support Regional Energy Security

Improved Electricity Trade In Latin America To Support Regional Energy Security

November 18, 2024 | ,

Over the next decade, we expect Latin America’s power mix to remain dominated by hydropower despite  non-hydropower renewables’ rapid growth in the region. Amid the volatility of hydropower and frequent power grid issues in the region, we expect an increase in net electricity imports across importing markets in Latin America. We expect regional electricity trade regulations and investments to improve in Latin America, supporting power supply stability.

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UK Advances Floating OSW: NGESO’s first grid solutions for Celtic Sea projects out

UK Advances Floating OSW: NGESO’s first grid solutions for Celtic Sea projects out

November 18, 2024 | ,

To accelerate innovation and investment in OSW, in July 2024, the UK government set up a new publicly-owned energy company, ‘Great British Energy’, with a capitalisation of GBP8.3 billion of new money. This company has formed a partnership with TCE to work together to bring forward new OSW developments, with the potential to deliver up to 20-30 GW of extra OSW seabed leases to the market by 2030. The UK is making pioneering efforts to develop floating OSW at scale along with a more coordinated approach to electricity transmission network planning for OSW.

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Catalysing Change: Green hydrogen fuelling India’s transition to a low-carbon economy

Catalysing Change: Green hydrogen fuelling India’s transition to a low-carbon economy

November 18, 2024 | ,

Green hydrogen is a catalyst for India’s transition to a low-carbon economy. It offers a sustainable energy solution that harnesses renewable sources to decarbonise industries and reduce reliance on fossil fuels. This clean energy carrier has the potential to significantly decrease imports of fossil fuels and support India in achieving its climate goals. With a robust and evolving electricity grid infrastructure, India is well positioned to provide reliable and steady power necessary for green hydrogen production.

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Hydro Pro and J.H.K join forces for green hydrogen partnership 

Hydro Pro and J.H.K join forces for green hydrogen partnership 

November 15, 2024 | , ,

HydrogenPro and J.H.K have announced an exclusive partnership to drive green hydrogen projects across several European countries namely, Germany, Austria, and the Benelux region. As part of this partnership, HydrogenPro will be a supplier of its advanced high-pressure alkaline electrolyser technology, while J.H.K. will serve as the plant integrator and EPC contractor.

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EAAIF, FMO, and DEG to invest €84 million in AXIAN Energy for solar and ESS project in Senegal

EAAIF, FMO, and DEG to invest €84 million in AXIAN Energy for solar and ESS project in Senegal

November 14, 2024 | , , ,

The Emerging Africa & Asia Infrastructure Fund (EAAIF), the Dutch entrepreneurial development bank (FMO), and Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) have jointly announced an investment of €84 million in two photovoltaic solar plants with battery storage systems in the Kolda region of southern Senegal. These projects will be operated by Axian Energy.

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Masdar and KESH form a renewable energy joint venture in Albania

Masdar and KESH form a renewable energy joint venture in Albania

November 14, 2024 | ,

Masdar and Korporata Elektroenergjitike Shqiptare (KESH) have inked a term sheet agreement to explore GW-scale renewable energy projects in Albania. The agreement aims to focus on the development, construction, and operation of solar, wind, and hybrid renewable energy projects along with the potential incorporation of battery storage. The energy produced through the planned projects will be supplied to the Albanian market and also exported to the neighboring countries.

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