Statkraft Ireland secured contracts for over 330 MW of renewable power including two wind projects (57 MW) and two solar projects (276 MWp), in Ireland’s first competitive renewable energy auction under the Government’s new Renewable Electricity Support Scheme (RESS-1).
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In its latest auction for 1,170 MW of solar power, state-run NTPC Limited has discovered a tariff of Rs 2.43 ($0.0325) per kWh. O2 Power, jointly backed by Sweden’s EQT Infrastructure and Singapore-based Temasek, emerged as the winner at the lowest tariff and has been allocated 400 MW of capacity.
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On the global stage, the scale of this investment does not raise eyebrows. However, what is important is not just the megawatts. It is why these two utilities are investing in this technology. LADWP has stated that its Intermountain hydrogen project is necessary to meet the utility’s 100 percent renewable energy target. NextEra has no such mandate forcing its hand.
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A month after closing its renewables-themed asset-swap with rival E.on SE, German energy major RWE has agreed to purchase 2.7-GW onshore wind and solar project development pipeline from the Nordex Group. The wind turbine manufacturers has agreed to sell the project development pipeline for $474 million.
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Australia has taken a leading role globally in energy transition, moving swiftly from conventional to renewable energy. In 2019, renewables accounted for 30 per cent of the country’s total installed capacity. The steady investments in renewables have also led to the country exceeding its renewable energy target of 33,000 GWh in 2019, a year ahead of schedule.
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The International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the European Union (EU) will support the development of the 55 MW Masrik solar plant, the first utility-scale solar power plant in Armenia.
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The Mokoloki project is a first step on the broader pathway to utility innovation, for both IBEDC and the power sector in sub-Saharan Africa. The pilot tests the feasibility of undergrid minigrids to reduce utility losses and drive economic development in rural communities.
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We are not experiencing too much from the crisis in terms of slow down on deal signing, product deployment and overall construction. In the long run, the COVID-19 pandemic just presents an opportunity to adopt smart, green policies that favor solar investments, clean energy and green job creation.
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Coal-fired power generation in Texas, pummelled by clean, no-fuel-cost wind over the past 10 years, is about to be hit by a second wave of competition from renewables as utility-scale solar power stands to gain significant market share over the next few years.
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Iberdrola, the Mondragon Group, the Provincial Council of Alava and the Basque Government’s...
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Sterling and Wilson Solar Solutions (SWSS), the US subsidiary of Sterling and Wilson Solar Limited...
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Cleantech Solar has secured USD75 million green loan from ING Bank N.V.. It will use the proceeds to finance expansion across Southeast Asia.
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All leading solar market analysts have significantly decreased their 2020 forecast, some even twice, to account for the impact of COVID-19 on their market models.
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According to sources, a third of the funds will be invested in offshore wind farms, one third in onshore wind and solar and the final third in technologies like biomass, waste-to-energy, transmission and storage solutions. Geographically, the investments will be split roughly between North America, Western Europe, and developed Asia-Pacific markets.
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Norwegian renewable energy generator, Statkraft and Ocean Sun are ready to start the construction...
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In Africa, many countries are moving away from the feed-in-tariff regime to auctions for allocation of renewable energy projects, indicating a trend towards a competitive market and consequent increase in financing and deployments.
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The disproportional growth of renewable energy is not unique to India just that India’s targets and even volumes achieved in recent years are second only to China’s.
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The global c-Si cell and PV module production capacity has increased to about 200 GWp due to continued PERC capacity expansions.
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The Solar Energy Corporation of India (SECI) has unveiled the results of its 15 GW tender designed to give a boost to India’s solar manufacturing sector. The tender comprises 12 GW of solar PV plant capacity and 3 GW of domestic solar cell and module manufacturing capacity.
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Can the UK achieve its recent net-zero emissions target by 2050 while still growing? This column describes some speculative routes to such a decarbonised future.
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