Big Moves
Scatec Solar acquires SN Power for $1.1 billion
Norway-based PV developer Scatec Solar has announced the acquisition of SN Power. Scatec has also decided to drop the word "Solar" from its name after agreeing to acquire SN Power for $1.1 billion from NorFund, a private equity firm owned by the Norwegian government. The deal is expected to close in Q2 2021.
News
Canadian Solar to install an energy storage system for Goldman Sachs’ solar project in California
Canadian Solar has entered into an agreement with Goldman Sachs Renewable Power to deliver and integrate an energy storage solution into the 100 MWac Mustang solar plant in California. According to the supply contract and long-term service agreement, the energy storage system will be a 75 MW/300 MWh lithium-ion battery solution with a 4-hour backup facility.
Interviews
US renewable energy sector is an important growth market for us: Masdar’s Yousif Al Ali
Geographically, the US renewable energy sector is an important growth market for us. This market allows us to deploy capital at scale and develop large capacities with shorter lead times. It has proved to be a very compelling market for us.
Opinion & Perspective
Preliminary Analysis Points to Climate Change and Poor Planning, Not Renewables, as the Cause of California Blackouts
California incorporated higher levels of variable renewable energy (VRE) in recent years, but the lack of adequately planning and retooling a grid with high levels of VRE, coupled with extreme heat, that were the root causes of the blackouts.
SPONSORED CONTENT & ADS
USE THIS SPACE
This space is reserved for sponsored content and advertising banners. Sponsored content can include white papers, webinars, case studies, research reports and other relevant content. The advertising can be in the form of banners with links to the advertiser’s landing page. If you would like to promote sponsored content or advertise, please write to us at: marketing@reglobal.co
Mega Trends & Analysis
Key Takeaways from the IEA’s World Energy Outlook 2020
In the STEPS, renewables meet 80% of the growth in global electricity demand to 2030. Hydropower remains the largest renewable source of electricity, but solar is the main driver of growth as it sets new records for deployment each year after 2022, followed by onshore and offshore wind.
Policy Watch
New York Gives Big Boost to Renewable Energy
The order issued by the Commission largely achieves these goals. Most importantly, it sets out a timetable to achieve 70 percent clean energy by 2030 by establishing a procurement schedule with an annual target of 4,500 gigawatt hours annually (the current target is approximately 1,500 gigawatt hours).
Tech Talk
Seven Transformational Trends in Clean Energy: A Cause for Optimism
Huge trends in the global marketplace are driving how we use energy, communicate, interface, and transport ourselves. These trends are merging so that it is difficult to view them individually; they now appear as intertwined.
SPONSORED CONTENT & ADS
USE THIS SPACE
This space is reserved for sponsored content and advertising banners. Sponsored content can include white papers, webinars, case studies, research reports and other relevant content. The advertising can be in the form of banners with links to the advertiser’s landing page. If you would like to promote sponsored content or advertise, please write to us at: marketing@reglobal.co
Webinars & Videos
Collaborative financing for renewable energy in emerging markets
As the global fight against climate change intensifies, corporates worldwide are increasingly focusing on meeting their sustainability targets through procuring renewable energy.
Knowledge Centre
Projections of long-term climate change efforts on US GDP
CBO projects that the effects of climate change will reduce real GDP growth rate by 0.03 percentage points from 2020-2050, relative to the benchmark climate conditions prevailing in a period near the end of the 20th century. With this reduced annual GDP growth rate, the level of real U.S. GDP is projected to be 1.0 percent lower by 2050.
Finance
Green Finance Strategies for Post COVID-10 Economic Recovery in Southeast Asia
Southeast Asia requires an estimated $3.1 trillion or $210 billion annually from 2016 to 2030 for climate change-adjusted infrastructure investments. However, with a financing gap estimated at $102 billion per year for selected Southeast Asian countries from 2016 to 2020, the need for private sector financing to fill the gap was already critical even before the pandemic.
SPONSORED CONTENT & ADS
USE THIS SPACE
This space is reserved for sponsored content and advertising banners. Sponsored content can include white papers, webinars, case studies, research reports and other relevant content. The advertising can be in the form of banners with links to the advertiser’s landing page. If you would like to promote sponsored content or advertise, please write to us at: marketing@reglobal.co