QatarEnergy has unveiled plans for a new solar mega project that will more than double the country’s solar energy output. The project will increase Qatar’s PV solar capacity to around 4 GW by constructing one of the world’s largest solar plants in Dukhan, with a capacity of 2 GW. QatarEnergy is a state-owned company responsible for all oil and gas activities in Qatar.
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Octopus Energy Generation and LONGi, have inked an MOU to initiate a new partnership. This agreement aims to help integrate LONGi into Octopus’s preferred supplier list. The two companies plan to finalise a solar panel supply agreement, enabling Octopus to source panels for future solar farm projects, leveraging LONGi’s leading market position.
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Grid-scale energy storage is a critical element driving and supporting the evolution of the electricity system. Long-duration (10+ hours) energy storage technologies are needed to support a variety of clean energy and resilience applications. DOE formed SI 2030 to analyse pathways for the most promising technologies to meet future targets. The report analyse the potential of long duration capable energy storage technologies to achieve future goals and benefit from widespread deployment on the Nation’s electricity grid. They establish a systematic approach to engage with experts while quantifying the impact of innovation and will be revisited periodically to track progress.
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Prospective utility-scale solar and wind capacity amounts to 23 GW in the Western Balkans, 70% more than a year ago, and comparable to prospective capacity in Germany. Only 6% (1.3 GW) of prospective capacity is under construction and very likely to become operational. The buildout of solar and wind projects has the potential to displace operating and prospective gas-fired power in the Western Balkans. Serbia has the largest share of operating (29%) and prospective (47%) utility scale solar and wind capacity in the region.
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Enfinity Global has announced the successful financial close of €500 million, which, combined with project financing, will support the development and construction of 1.5 GW of solar assets across Italy. This funding was secured through an innovative club deal structure involving key investors such as Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management, and Queensland Investment Corporation.
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Numaligarh Refinery Limited (NRL), a public sector oil company in India, has floated a tender to construct a 10,000 MTPA green hydrogen generation unit and supply green hydrogen. This project is proposed to come up at Numaligarh in the north-eastern state of Assam. The final date to submit the bid is September 13, 2024.
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Sunly has secured €300 million from Scandinavian and French investors to develop 1.3 GW of solar, wind, storage, and hybrid energy parks. This funding comes from Rivage Investment, a French fund focused on climate solutions; Copenhagen Infrastructure Partners (CIP), through the Green Credit I fund; and Norway’s KLP pension fund.
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Copenhagen Infrastructure Partners (CIP), via its Copenhagen Infrastructure IV (CI IV) fund, and its joint venture partner SSE Thermal, have completed the construction and initiated operations of 60 MWe Slough Multifuel project. It is a Waste to Energy plant situated in Slough, England.
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With a new government in place and laser-focused on revitalising the UK economy, the time is now for a comprehensive economic strategy centred on green prosperity. The Autumn Budget, and next year’s multi-year spending review, are opportunities to spell out this vision for renewal. The new government has set out ambitious targets and missions to reestablish the UK as a climate leader. The green economy is already a major source of growth and innovation. It surged by 9% last year, far outstripping the national growth rate of just 0.1%. Meeting the UK’s 2050 emissions target alone could unlock over £266 billion for the UK economy over the next three decades.
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Following the accelerated permitting of over 100 gigawatts (GW) of new coal power annually in 2022 and 2023, China has abruptly curtailed approvals for new coal power plants, approving just twelve projects totaling 9 GW in H1 2024, an 83% decline compared to H1 2023. New and revived proposals in H1 2024 totaling 37.4 GW are also trending lower than in H1 2023 (60.2 GW) and H1 2022 (47.8 GW), indicating a possible tapering of new project development – although not at the same pace as the permit slowdown. Since 2023, China has added over 400 GW of new solar and wind power, driving down China’s coal power generation by 7% from June 2023 to June 2024.
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Avantus and Toyota Tsusho America (TAI) have officially commenced construction on the 159 MWdc/125 MWac Norton Solar Project located in Runnels County, Texas. This follows Avantus’ sale of the Norton project to TAI in November 2023, a fully-owned subsidiary of Toyota Tsusho Corporation of Japan, part of the Toyota Group. Additionally, TAI has secured construction and term financing through a deal with global financial giant Mitsubishi UFJ Financial Group.
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Infinity Power and Masdar have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to provide a long-term supply of renewable energy generated by a significant onshore wind project in Ras Ghareb, located in the Gulf of Suez region. Upon completion, the wind farm will have a capacity of 200 MW and is expected to generate 810,000 MWh annually.
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Tucson Electric Power (TEP) is planning to build a second large-scale battery system in southeast Tucson to store solar and other energy sources for use later in the day, meeting customers’ peak energy demands. The 200 MW Roadrunner Reserve II system will have the capacity to store 800 MW hours of energy, which is sufficient to power around 42,000 homes for four hours when operating at full capacity.
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The Uzbekistan government plans to start exporting surplus electricity to Europe by 2030, depending on the successful completion of a trilateral transmission project with Kazakhstan and Azerbaijan. The latter project involves constructing a deep-water transmission cable across the Caspian Sea to transmit electricity through Kazakhstan, Azerbaijan, Georgia, and across the Black Sea to Romania, Hungary, and Bulgaria.
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The report “Wind Targets Are Achievable But Fall Short Of A Tripling” by EMBER suggests that National targets add up to a more than doubling of global wind capacity by 2030, but fall short of a tripling. The sum of 2030 national wind targets from 70 countries and one region is 2,157 GW. This is a 2.4x increase from 901 GW in 2022, leaving a gap of 585 GW to achieve a global tripling of wind (2,742 GW). Forecasts for 2030 indicate a doubling of global wind capacity, suggesting that the sum of national wind targets can be met on a global scale. This report analyses national wind targets to see how current plans align with a tripling of wind capacity by 2030.
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Greenstat has started building a 20 MW green hydrogen production plant at the Agder Hydrogen Hub in Fiskå, Norway. Furthermore, Aragon has been announced as the engineering partner for the project and will be responsible for preparing the plant’s design and assisting in the selection of equipment and service suppliers. Additionally, Repstad will commence foundation work for a new quay at the site to support the plant’s operations.
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The Indian renewable energy implementing agencies, Solar Energy Corporation of India (SECI) and SJVN Limited, have been successful in discovering low solar tariffs to the tune of $0.03 (Rs 2.52) per unit in their respective auctions this month. Both SECI and SJVN conducted auctions for the selection of developers to set up inter-state transmission system (ISTS) connected 1.2 GW of solar projects anywhere in India.
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China’s central planning agency – National Development and Reform Commission (NDRC), National Energy Administration, and National Data Administration have jointly released the “Action Plan for Accelerating the Construction of a New Power System (2024-27)” to achieve the country’s dual carbon goals of peaking carbon emissions by 2030 and reaching carbon neutrality by 2060.
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Germany is projected to be on track to achieve its national target to reduce greenhouse gas emissions by 65 per cent by 2030. According to the German Environment Agency or Umweltbundesamt (UBA), this is conditional on the implementation of climate policies including the rapid expansion of renewable energy sources (RES) capacity, the phase-out of fossil fuels and the switch to clean technologies across sectors. In the electricity sector, the objective is to achieve 80 per cent of the demand from RES by 2030 and ensure that the electricity sector becomes climate-neutral after the completion of the coal phase-out, which is legally set for 2038.
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This year, California experienced another heat wave, except this time it was double the length of the heat wave in 2022. Over 20 days, cities like Sacramento experienced the hottest temperatures on record. This event put tremendous pressure on California’s electricity system. The good news is that California’s grid–with the California Independent System Operator (CAISO) at the helm–was up to the challenge, demonstrating that a clean and reliable system is possible, even in record-breaking emergency conditions. Early on, California invested in building out a large fleet of battery storage to provide important reliability services for the grid.
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