Latvia’s transmission system operator (TSO), Augstsprieguma Tīkls (AST), has signed contracts with 12 wind and solar power plant developers for connecting more than 1,100 MW of renewable energy sources (RES) projects to the transmission network. This exceeds the capacity of existing solar and wind power plants installed in Latvia by more than 150 per cent.
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Origis Energy and the Tennessee Valley Authority (TVA) have entered into a power purchase agreement to expand their solar and storage projects in Mississippi. Origis will develop, construct, and manage the operations of the Hope Solar + Storage project in Clay County. The project includes a 200 MWac solar facility combined with 200 MW (800 MWh) of storage.
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RWE Supply & Trading has signed a MoU with AM Green Ammonia B.V. (AMG) for the long-term provision of 250,000 tonnes of green ammonia annually from AMG’s facilities in India. The ammonia will be produced at the Kakinada and Tuticorin sites, with an initial production of 50,000 tonnes at Kakinada and up to 200,000 tonnes sourced from Tuticorin.
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EDF Renewables, Korea Western Power (KOWEPO), and Masdar announced the financial closing of the 1.5 GW AC Al Ajban Solar Photovoltaic independent power producer project in Abu Dhabi. The project company, with EDF Renewables and KOWEPO each holding a 20 percent stake and Masdar holding a 60 percent stake, signed a 30-year power purchase agreement with the Emirates Water and Electricity Company to design, finance, build, and operate the plant.
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Denmark aims for a fourfold increase in its annual onshore RES production by 2030 from 12 TWh to 50 TWh. This will be achieved through major energy parks on land, to be developed under the climate agreement on more green energy from solar and wind on land (December 2023). Moreover, the offshore wind (OSW) capacity, which currently stands at 2.7 GW, is expected to increase four times by 2030 (around 12 GW) and 14 times by 2050 (about 37 GW).
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Related to the clean technology sector, the U.S. government has imposed tariffs and duties under three primary legal authorities: Section 201, Section 301 , and antidumping (AD) and countervailing duties (CVD). Each of these authorities has a different purpose and process for investigating and imposing tariffs, as described in this brief. In addition to measures such as tariffs, U.S. trade laws include provisions that seek to protect U.S. intellectual property from infringement and other forms of unfair competition.
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Encavis AG and Innovar Solar GmbH have entered into an agreement to develop solar projects in Germany, targeting a total capacity of 500 MW. This agreement involves a continuous development approach, where new projects will be initiated as existing ones advance, ensuring that 500 MW of solar capacity is developed simultaneously
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Australia’s transition to a net zero economy is necessary, inevitable and urgent. Among developed countries, Australia is one of the most vulnerable to the impacts of climate change. The impacts of nearly 1.5 degrees of warming can already be seen in trends of declining rainfall in the south-east and south-west, an increase in extreme fire weather and longer fire seasons, higher sea surface temperatures, rising sea levels and increasing ocean acidification.
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Key highlights from the report “Clean Energy Investing in America” by the American Clean Power reveal that over the past two years, the US clean energy industry has: Announced $500 billion in investment, invested $75 billion in clean power built, announced 160+ manufacturing facilities which includes – 95 for solar, 12 for offshore wind, 25 for battery storage, 19 for land based wind, 10 for transmission, announced 300+ GW of clean power capacity.
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Vena Energy is partnering with Shell Eastern Trading and received conditional approval from Singapore’s Energy Market Authority (EMA) to export 400 MW of solar power from Indonesia’s Riau Islands to Singapore. The EMA granted the conditional approval at the Indonesia International Sustainability Forum in Jakarta. The project is expected to generate over 2.6 TWh of renewable energy annually
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GE Vernova and Lizard Renewables have announced the creation of Alva Power, a 50-50 joint venture (JV). This collaboration aims to advance Italy’s electrification and decarbonisation objectives by financing the development of renewable energy projects. Alva Power will leverage GE Vernova’s global financial and technological strengths and Lizard’s regional network to drive new renewable energy initiatives.
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Monarch Private Capital and Invenergy have announced the completion of nearly $170 million in tax equity financing for the Samson Solar Energy Center II in Lamar County, Texas. Developed by Invenergy, the project will deliver major economic benefits, and over $27 million in taxes and contributions to the county and local schools over its lifespan.
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China has been pioneering the rooftop solar revolution. The country possesses a technical solar potential of 2,070 GW. The cumulative solar installations in China had reached 609 GW by the end of 2023. Japan has been a consistent performer in rooftop solar deployment. The country has consistently led in distributed solar deployment, with a 39 per cent contribution to the total installed renewable capacity as of April 2024.
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The US Department of Energy (DOE) has finalised a $72.8 million loan guarantee to develop a solar-plus-storage microgrid on the Viejas Tribe’s reservation near Alpine, California. The project, backed by the California Energy Commission, US Bancorp Impact Finance, and Starbucks, will feature a 15 MW solar system and a 70 MWh long-duration battery.
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Powin is collaborating with BHE Renewables to provide energy storage solutions for one of the largest solar and storage microgrids, located in Ravenswood, West Virginia. This innovative project will supply renewable energy to Titanium Metals Corporation to produce titanium products for the aerospace industry.
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EliTe Solar has announced investment plans to build an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility will focus on producing high-efficiency solar cells and module assembly, with a substantial share of the output exported to key markets. This project is valued at over $150 million and will span 78,000 square metres and be completed in two phases
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South Korea aims to achieve 14.3 GW of OSW capacity by 2030, contributing to its broader net-zero emissions goal by 2050. Overall, grid integration is crucial to facilitate the country’s energy transition. South Korea’s sole transmission and distribution grid operator, Korea Electric Power Corporation (KEPCO), is expanding its network across the country, particularly along the western coast, to accommodate the increasing demand.
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National Grid Renewables has kicked off construction at the Dodson Creek Solar Project in Highland County, Ohio. The 117 MW solar project, part of the PJM market, will provide clean energy and is expected to bring $49 million in economic benefits to the local area. Dodson Creek is the latest addition to National Grid Renewables’ Ohio portfolio
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Ireland’s energy supply remains heavily dependent on imported fossil fuels. In 2023, 82.6% of Ireland’s energy came from fossil fuels. Ireland set a record high of 23.38 TWh in renewable energy use across electricity, transport, and heat for 2023, however its overall renewable energy share (RES-overall) was just 14.6% . Under the EU’s binding Renewable Energy Directive, Ireland has a minimum baseline RES-overall target of 16% every year out to 2030 and needs to achieve a RES-overall result of 43% by 2030.
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Maldives has significant renewable energy resources from solar and wind power. Multiple studies indicate that the use of renewable energy to complement diesel power generation in Maldives would reduce electricity production costs. The Government of Maldives has recognised the prospects of using the country’s large renewable energy resources to lower the cost of electricity generation, increase energy security while reducing import-related financial risks, and reduce the country’s GHG emissions. The report concludes that scaling up the use of hybrid solutions should be seriously explored particularly by SIDS, other isolated locations such as remote communities, as well as industries and mines using diesel-generator-based power systems.
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