Big Moves
RWE to acquire Con Edison CEB for $6.8 billion
RWE, a German energy company, has agreed to acquire all of Con Edison Clean Energy Businesses (Con Edison CEB) for $6.8 billion. Con Edison CEB, based in Valhalla, New York, operates and develops renewable energy plants around the US. The company has around 3 GW of operational capacity, with solar projects accounting for 90 per cent of the total.
News
Umicore and PowerCo establish a JV for European battery materials production
Umicore, a Belgium-based company and the battery unit of the Volkswagen Group, PowerCo, have formed a joint venture with an aim to invest around $2.9 billion to build a significant supply chain for sustainable batteries. The two companies will jointly control the venture and share costs, investments, revenues, and profits equally under the terms of the agreement.
Interviews
Emerging technologies can unlock a swifter energy transition: EBRD’s Nandita Parshad
Renewable energy is at the heart of energy transition. Not just because it is low carbon - it is also becoming cheaper than traditional energy sources; on top of the climate benefits it brings. Renewables are quick to build and scale up, provide energy security, and create jobs. In real time and across the EBRD region, we are witnessing this trajectory becoming a staple, as countries evolve to become strong renewable players. We look forward to doing even more as these markets continue to develop.
Opinion & Perspective
Eternal Ethanol: Fueling the cooperation between India-Brazil
Biofuels such as ethanol can simultaneously address these two problems, especially in countries with a natural vocation for sugarcane cultivation, such as Brazil and India, the two major producers of sugar. In this perspective, sugarcane bioethanol represents not only an alternative to petrol, but also a viable and efficient solution for one of the greatest global demands – the mitigation of the climate crisis.
Mega Trends & Analysis
Mexico’s PRODESEN 2022–36: Focuses on integrating new generation and storage projects
SENER recently published the Programa de Desarrollo del Sistema Eléctrico Nacional (PRODESEN) 2022–36 or the National Electric System Development Plan 2022–36, with an emphasis on DG, BES and smart grids. Under PRODESEN 2022–36, SENER plans to add over 56 GW of generation capacity, including 9 GW (16 per cent) of DG capacity, and 4.6 GW (8.2 per cent) of BES capacity. About 40 per cent of the total planned capacity will be based on clean energy sources.
Policy Watch
New measures in Germany for increasing renewables generation
The European Commission has approved, under EU State aid rules, three additional measures to support electricity production from renewable energy sources in Germany. The additional measures supplement the German Renewable Energy Act (“Erneuerbare Energien Gesetz” – ‘EEG 2021'), and will further contribute to achieving Germany's environmental targets and the EU's strategic objectives relating to the EU Green Deal.
Tech Talk
Increasing Innovation: Emerging trends in wind turbine drivetrains and towers
A range of wind turbine drivetrains with various costs, technologies, physical features, efficiencies, degrees of reliability and materials currently exist in the market. Another crucial component of a wind energy system is the turbine tower. The material, height and size of turbine towers are key determinants of the power outcomes and economic returns of wind energy projects.
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Webinars & Videos
Powering Agri-food Value Chains with Geothermal Heat – Africa
In African countries, geothermal heat applications along the agri-food value chain have the potential to enhance food productivity, reduce food spoilage, and add value to food produce. This would result in food security, more employment opportunities and higher incomes for the employees and other agri-food stakeholders. Geothermal energy would also contribute to the sustainability of the agri-food sector by reducing carbon emissions.
Knowledge Centre
Distributed PV Price and Design Trends in US: Report
Berkeley Lab’s annual Tracking the Sun report describes trends among grid-connected, distributed solar photovoltaic (PV) systems in the United States. The latest edition of the report focuses on systems installed through year-end 2021, and is based on data from roughly 2.5 million systems. New to the report this year is an expanded coverage of paired PV-plus-storage systems, including details on system design and pricing trends.
Finance
How clean energy economics can benefit from the biggest climate law in US history
For mature technologies, such as wind and solar, these incentives have the potential to supercharge an already-rapid pace of development. In our analysis, we estimate that the solar and wind LCOEs in 2030 with the IRA will be lower than those without it by 20%-35% and 38%-49%, respectively. However, despite the economic incentives, the IRA may encounter other development challenges facing renewable energy projects.
SPONSORED CONTENT & ADS
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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