Tag: Renewables

How businesses need to navigate environmental incentives and penalties

How businesses need to navigate environmental incentives and penalties

September 10, 2021 |

With environmental issues high on the global agenda, governments are directly targeting businesses in their drive to sustainability. Incentives and penalties are being introduced on a regional and domestic basis, creating a challenging landscape with which businesses must contend. The tax and finance function can play a major strategic role to the broader business by helping reduce risk and make the most of opportunity.

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Advent Technologies to set up massive hydrogen capacity in Greece

Advent Technologies to set up massive hydrogen capacity in Greece

September 9, 2021 |

Advent Technologies, a US-based fuel cell manufacturer, has received approval from the Greek government to set up two ‘Important Projects of Common European Interest (IPCEI)’ that are based on hydrogen. Green HiPo and White Dragon were two of the five projects selected from a total of 20 for approval by a special inter-ministerial committee of experts.

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Amazon announces its first renewable corporate PPA in Japan

Amazon announces its first renewable corporate PPA in Japan

September 9, 2021 |

Amazon has signed a long-term corporate power purchase agreement (corporate PPA) with Mitsubishi Corporation (MC), marking Amazon’s first use of renewable energy in Japan. This corporate PPA has been facilitated by MC Retail Energy Co., Ltd., under which it will provide electricity to Amazon subsidiary Amazon Web Services (AWS), Inc.’s data centres.

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How Wholesale Power Markets Work in The US

How Wholesale Power Markets Work in The US

September 7, 2021 | ,

The white paper “How Wholesale Power Markets Work” has been prepared by Bentham Paulos for the 100% Clean Energy Collaborative which has been created by Clean Energy States Alliance. This is the first of a series of explainers on the impact of 100% clean power on wholesale markets and explores how power markets work today.

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Major Barrier to Demand Response Needs to End

Major Barrier to Demand Response Needs to End

September 7, 2021 |

Earlier this year, the Federal Energy Regulatory Commission (FERC) floated the idea of opening up markets for “demand response.” Today, many states, mostly in the Midwest, prohibit their electricity customers from directly providing demand response into FERC-regulated regional power markets through what are known as third-party “aggregators.”

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2021 Vietnam Country Outlook: The Next Renewable Energy Powerhouse of Asia

2021 Vietnam Country Outlook: The Next Renewable Energy Powerhouse of Asia

September 6, 2021 | ,

Though the country has tried to attract renewable energy developers since 2011, Vietnam’s renewable energy market only took off in 2018. By the end of 2020, the country’s solar capacity reached 16.5 GW. This report by Energy Tracker Asia goes on a deeper dive into Vietnam’s success story in renewable energy and the opportunities that lie ahead to further accelerate this energy transition in the country.

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RENdez-vous Southeast Asia: RE-Imagining Renewable Energy Futures for Southeast Asia

RENdez-vous Southeast Asia: RE-Imagining Renewable Energy Futures for Southeast Asia

September 4, 2021 | , ,

Southeast Asia has huge, untapped potential to be a leader in renewable energy. Currently, however, economies in the region are heavily dependent on fossil fuels to meet their energy demand. This was the second of a 3-part series of RENdez-vous for Southeast Asia by REN21. Participants and thematic experts discussed and re-imagined what futures may look like for renewable energy in Southeast Asia.

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Renewables Integration in India 2021

Renewables Integration in India 2021

September 3, 2021 | ,

The Government of India plans to increase renewable electricity capacity to 175 GW by 2022 and to 450 GW by 2030, but even faster growth will be needed in the following decades to meet ongoing growth in demand and reach climate targets. However, the challenges with integrating higher capacities of renewable energy include the increasing variability of hourly demand, increasing ramping requirements due to the impact of solar on net demand, short-term frequency variations, and local voltage issues.

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Redesigning the national electricity market in Australia

Redesigning the national electricity market in Australia

September 1, 2021 |

The Energy Security Board (ESB) in Australia released its recommendations for the redesign of the national electricity market on August 26, 2021. These were submitted to energy ministers on the Energy National Cabinet Reform Committee (ENCRC) at the end of July 2021. The ESB is recommending four key pathways for reform to manage both the orderly exit of old technologies (especially ageing coal fuelled generation) and pave the way for new technologies.

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Sharjah Sustainable City to have access to renewable energy storage

Sharjah Sustainable City to have access to renewable energy storage

September 1, 2021 |

SEE Institute, the research and development arm of Sharjah Sustainable City, has signed a Memorandum of Understanding with German-based Hager Group to test and deploy smart energy solutions in Sharjah. The agreement will give the citizens access to renewable energy storage, making Sharjah Sustainable City the first in the region to have access to renewable energy storage solutions.

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MEM appointed for 48 MW wind farm in Vietnam

MEM appointed for 48 MW wind farm in Vietnam

August 23, 2021 |

Climate Investor One (CIO) and ST International have chosen Modern Energy Management (MEM) as the owner’s representative for the Tra Vinh Wind Power (TWPC), a 48 MW intertidal wind farm in Vietnam. CIO has been working on this project since 2017. It is a hybrid finance institution that delivers renewable energy infrastructure projects in emerging economies.

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Banding Together: How Aggregation Helps Cities Buy Renewables at Scale

Banding Together: How Aggregation Helps Cities Buy Renewables at Scale

August 21, 2021 |

In March 2021, 24 local governments in Maryland joined together on a plan to purchase enough renewable energy to power more than 246,000 homes a year. They did this by issuing a joint request for proposal (RFP) through the Baltimore Regional Cooperative Purchasing Committee (BRCPC) to seek a supply of up to 240,000 MWh of renewable energy starting in 2022. This large-scale transaction was made possible by an energy procurement approach known as energy aggregation, which is a way for two or more buyers to purchase electricity from a utility-scale generation facility.

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Major Challenges & Opportunities Arising in Greek Power Market

Major Challenges & Opportunities Arising in Greek Power Market

August 16, 2021 |

In Greece, power generation alternatives, including non-hydropower renewables, are set to surge amid diversification and decarbonisation efforts in Greece’s power mix, although risks are rising with the locking in of gas-fired power. The non-hydropower renewables segment’s share of the market’s total generation is set to rise from 36.0% over 2021 to 50.4% by 2030. Capacity growth has been supported by a large number of power capacity auctions for both wind and solar, which have proved successful in delivering a large project pipeline. The wind and solar segments will account for 99% of additional capacity between 2021 and 2030 and we expect that the solar segment will lead growth accounting for 57% of additions.

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DOB equity to acquire stakes worth upto $5 million in East Africa

DOB equity to acquire stakes worth upto $5 million in East Africa

August 16, 2021 |

DOB Equity, a Dutch family-backed impact investor specializing in East African ventures, intends to buy interests in at least three firms this year, despite a drop in private equity deals in the region. Investments are planned in the electric mobility, insurance, and health-tech industries. The transactions vary from $250,000 to more than $5 million, with shareholdings ranging from 10 percent to 49 percent. 

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Wärtsilä to supply 5.2 MW energy for Taiwan

Wärtsilä to supply 5.2 MW energy for Taiwan

August 11, 2021 |

Wärtsilä, a technology firm, will deliver a 5.2 MW energy storage system to provide frequency management in the ancillary service market for the Taiwanese grid as Taiwan strives to attain 20 per cent renewable energy by 2025. Shangfa Construction received the order in August 2021 and will construct the energy storage facility on behalf of North-Star International Co., Ltd.

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Globeleq completes refinancing for 238 MW energy plants in South Africa

Globeleq completes refinancing for 238 MW energy plants in South Africa

August 11, 2021 |

Globeleq, a South African independent power producer, has completed the senior debt refinancing of three of its renewable energy plants, totaling 238 MW. Absa Bank, part of the financial services company Absa Group Ltd, served as the required lead arranger and sole underwriter for the $362 million debt financing package.

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