Tag: Renewables

Are oil and gas companies serious about the renewable energy transition? Here’s what the evidence says.

Are oil and gas companies serious about the renewable energy transition? Here’s what the evidence says.

November 13, 2021 |

Citizen protests in many parts of the world indicate that public sentiment is rapidly turning against polluting energy sources. Public and private investors alike are pulling money out of fossil fuel companies to avoid the risk of stranded assets. What’s more, renewable electricity generation is now cheaper than both existing and new fossil fuel-based power. So for any fossil fuel company that wants to live, a reorientation toward renewable energy seems a logical way forward, right?

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Adani companies declare energy compact goals as part of COP26

Adani companies declare energy compact goals as part of COP26

November 11, 2021 |

As part of COP26, Indian industry giant Adani Group’s two companies – Adani Green Energy Limited (AGEL), the solar power development arm, and Adani Transmission Limited (ATL), the power transmission and retail distribution company, announced their Energy Compact Goals, with a focus on Sustainable Development Goal 7 (SDG 7). SDG 7 outlines a set of objectives to be met by 2030. The companies must ensure universal access to affordable, dependable, and contemporary energy services, as well as a significant increase in the global percentage of renewable energy.

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Advice for US States on 100% Clean Energy Planning

Advice for US States on 100% Clean Energy Planning

November 11, 2021 | ,

The paper “Advice for States on 100% Clean Energy Planning Part One: The Process for Producing a Plan” was prepared by Warren Leon of Clean Energy States Alliance. To successfully achieve a 100% clean energy goal, a state will need to develop and implement a sound plan of action. This paper, Part One of a two-part series, provides advice for states on the planning process, the organization of a plan, and the presentation of results.

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Charting a pathway: Decarbonizing the U.S. power sector by 2035

Charting a pathway: Decarbonizing the U.S. power sector by 2035

November 10, 2021 |

In April 2021, the United States submitted its updated nationally determined contribution (NDC). The NDC set an economy-wide target of reducing net greenhouse gas (GHG) emissions by 50%–52% below 2005 levels—in 2030 and included a goal of a 100% carbon-free power by 2035. Meeting these ambitious targets will require a transformational change to how power is generated in the U.S., and a rapid transition to low carbon and carbon-free resources.

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Clean Energy Transmission in the United States

Clean Energy Transmission in the United States

November 9, 2021 | ,

Strengthening the transmission Investment Tax Credit (ITC) could further modernize our electricity infrastructure and rapidly deploy renewable energy. The factsheet “Clean Energy and Transmission” by Solar Energy Industries Association outlines the impact that lowering the threshold of the transmission ITC would have on clean energy deployment in the U.S.

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Total Eren enters the Cambodian market with a 74 MWp solar project

Total Eren enters the Cambodian market with a 74 MWp solar project

November 8, 2021 |

Total Eren, a leading renewable independent power producer based in Paris, has announced its entry into the Cambodian renewable energy market with the acquisition of Battambang, a 73.9 MWp photovoltaic (PV) project from Risen Energy, a Chinese developer focused on R&D and PV panel production. The PV farm is currently operational in Battambang Province, which is located in northwest Cambodia.

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End of Coal in Sight at COP26

End of Coal in Sight at COP26

November 8, 2021 |

At least 23 nations made new commitments to phase out coal power, including Indonesia, Vietnam, Poland, South Korea, Egypt, Spain, Nepal, Singapore, Chile and Ukraine.  In a new ‘Global Coal to Clean Power Transition Statement’, countries also committed to scaling up clean power and ensuring a just transition away from coal. This follows recent announcements from China, Japan and South Korea to end overseas coal financing which now means all significant public international financing for coal power has effectively ended.

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Deployment Activities Dominate Solar Jobs in Europe

Deployment Activities Dominate Solar Jobs in Europe

November 7, 2021 |

In 2020, 357,000 full-time equivalent jobs (FTEs) are employed in the EU solar sector. 150,000 FTEs, 42% of the total, are direct jobs, while 207,000 are indirect jobs. The great majority of jobs (80%) are associated with solar deployment activities. Operation & Maintenance jobs are 10% of the total, with the remaining share belonging to Manufacturing, at 6%, and Decommissioning & Recycling, at 4%.

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Lazard’s Levelized Cost of Energy

Lazard’s Levelized Cost of Energy

November 2, 2021 | ,

Lazard’s latest annual Levelized Cost of Energy Analysis (LCOE 15.0) shows the continued cost-competitiveness of certain renewable energy technologies on a subsidized basis and the marginal cost of coal, nuclear and combined cycle gas generation. The costs of renewable energy technologies continue to decline globally, albeit at a slowing pace, reflecting reductions in capital costs, increased competition as the sector continues to mature and continued improvements in scale and technology.

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Decentralized Renewable Energy for Rural Morocco

Decentralized Renewable Energy for Rural Morocco

November 1, 2021 | ,

The brief introduces the connection and interdependencies of water, energy, and food (WEF) in Morocco. It gives advice on how to achieve socioeconomic and environmental goals through coordinated management of natural resources across sectors. A special focus lies on the role of women in the WEF nexus.

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“Greater Ambition Now Critical” as UN Climate Change Conference (COP26) Opens

“Greater Ambition Now Critical” as UN Climate Change Conference (COP26) Opens

November 1, 2021 |

Following a series of reports and studies warning that urgent action is needed to keep the Paris Agreement’s goal of limiting global average temperature increases to 1.5C within reach, the United Nations Climate Change Conference opened on October 31, 2021 with the key aims of raising ambition on all fronts and finalizing the agreement’s implementation guidelines.

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India launches Green Day Ahead Market

India launches Green Day Ahead Market

October 30, 2021 |

India has launched a new market segment, Green Day Ahead Market (GDAM), which is expected to result in a progressive move away from power purchase agreement-based contracts towards market-based solutions, allowing India to fulfil its ambitious objective of 450 GW of renewable energy capacity by 2030. As the nodal agency, POSOCO’s National Load Despatch Centre (NLDC) has set up the latest technology and communication infrastructure to facilitate the GDAM.

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Apple accelerates its carbon neutrality plans with more supplier commitments for clean energy

Apple accelerates its carbon neutrality plans with more supplier commitments for clean energy

October 29, 2021 |

Apple has revealed that the company has more than doubled the number of suppliers committed to using 100 percent clean energy over the last year, speeding up progress toward its ambitious 2030 target of becoming carbon neutral across its supply chain and products. In total, 175 Apple suppliers will switch to renewable energy, resulting in the business and its suppliers bringing more than 9 GW of clean energy online throughout the world.

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Indonesian Solar Power Set For Stronger Growth

Indonesian Solar Power Set For Stronger Growth

October 29, 2021 |

We have revised up our growth forecasts for Indonesia’s solar sector and now expect the market to add a net capacity of over 1GW over the coming decade. In line with our initial expectations, the latest Electricity Supply Procurement Plan (RUPTL 2021-2030), which was approved in early October 2021, highlights a notable increase in focus for renewable projects over the coming decade, with the most prominent change in solar.

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United States Ranks First in Renewable Energy Country Attractive Index

United States Ranks First in Renewable Energy Country Attractive Index

October 26, 2021 |

Large-scale solar installation will exceed wind power installation in the US for the first time in 2022, predicts the Energy Information Administration (EIA). With government support diminishing for onshore wind power, utility solar capacity installation is expected to dwarf wind with 16GW vs. 6GW. In 2021, the EIA expects new wind installation to narrowly edge solar by 18GW to 16GW. With solar installation accelerating, the US passed 100GW of total installed capacity in the first quarter of this year.

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NextEra Energy acquires a 50 per cent stake in a 2.5 GW renewable portfolio

NextEra Energy acquires a 50 per cent stake in a 2.5 GW renewable portfolio

October 25, 2021 |

Apollo has stated that funds managed by its affiliates, the Apollo Funds, have agreed to invest $824 million in a 2.5 GW renewable energy generation portfolio with NextEra Energy Partners, LP under a convertible equity portfolio financing agreement. The Apollo Funds agreed to make the investment as part of NextEra Energy Resources, LLC, a subsidiary of NextEra Energy, Inc., selling 50 per cent of the portfolio to NextEra Energy Partners.

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Energy Sector Roadmap for Carbon Neutrality in China

Energy Sector Roadmap for Carbon Neutrality in China

October 20, 2021 |

At the United Nations General Assembly in September 2020, China’s president announced that the country aims to have CO2 emissions peak before 2030 and to achieve carbon neutrality before 2060. This represents a significant stepping- up of the country’s climate ambitions. Previously, China’s nationally determined contribution (NDC) under the 2015 Paris Agreement aimed to achieve a peak in CO2 emissions by “around 2030 and making best efforts to peak early” but did not set a long-term target or goal.

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South Asia – Ripe for Closure of Fossil Fuel Plants

South Asia – Ripe for Closure of Fossil Fuel Plants

October 18, 2021 | ,

This research report “South Asia: Ripe for Closure- Accelerating the energy transition and saving money by reducing excess fossil fuel capacity” has been prepared by the The Centre for Research on Energy and Clean Air in collaboration with TransitionZero. The report looks at electricity demand and supply in key South Asian countries – Pakistan, India, and Bangladesh.

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