News

Onward Energy to acquire solar portfolio from Global Atlantic

Onward Energy, a US-based energy company, and Global Atlantic Financial Group have signed a legally binding contract for Onward Energy to acquire all the cash equity interests in the 1.17 GW operational solar portfolio. A total of 11 solar projects, located across eight different US states, make up the solar portfolio. No financial details have been disclosed. 

Interviews

Renewable gases have a critical role to play: Catherine MacGregor, CEO, ENGIE

We are indeed among the world leaders in renewables, and that is a platform that we are continuously developing. The strength in renewables is complemented by a large portfolio of flexible generation assets, which are absolutely key to addressing intermittency. And we own and operate significant critical networks and distributed energy infrastructure. Our teams are more focused than ever in contributing to the transformation of the energy mix to the development of both renewable power and renewable gases.

Opinion & Perspective

These 4 charts show the state of renewable energy in 2022

Nothing, it seems, can hold back the advance of renewable energy. A record amount of renewable capacity was installed in 2021, despite post-pandemic delays and rising raw material costs. Now the International Energy Agency (IEA) expects that record to be beaten again in 2022, at least in part as nations that have relied on fossil fuels from Russia, push ahead with new renewable capacity in response to the war in Ukraine.

Mega Trends & Analysis

Europe’s EV Charging Infrastructure: No block to EV adoption, indicates T&E report

Over the past few years, deployment of public charging infrastructure across the EU has grown substantially with swift EV market penetration. By the end of 2021, the 27 countries of the EU (EU-27) had 3,38,191 public chargers in place. This was triple the numbers recorded in 2018 and about 1.75 times that in 2020. EVs themselves have grown by more than five and half times between 2018 and 2021 from 0.7 million to 3.8 million.

Policy Watch

“Fit for 55”: European Council agrees on higher targets for renewables and energy efficiency

The Council on June 27 adopted its negotiating positions (general approaches) on two legislative proposals that tackle the energy aspects of the EU’s climate transition under the ‘Fit for 55’ package: the renewable energies directive and the energy efficiency directive. The agreements pave the way for the Council to start negotiations with the European Parliament.

Tech Talk

Technology Roadmap: Anticipated trends in the c-Si PV industry

The c-Si module market shift to mono-Si continued in parallel with the implementation of innumerable module products deploying more and more M10, and M12 wafer formats together with bifacial module technology. Efficiency improvements in PERC technology and the deployment of large wafers in large modules resulted in higher average module efficiencies. The use of larger wafers enabled new module power classes of 600 W and above. In 2021, PV manufacturers continued the installation of new PERC cell and module production ca­pacities, capable of new cell formats.

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Webinars & Videos

Electricity and Gas Markets in Africa

The IEA is deploying a capacity reinforcement programme for African energy experts and professionals. To maximise the value and long-term payoff of training sessions organized under the programme, the IEA is proposing to a community of African experts regular webinars to share analyses on energy. The latest one by IEA Africa University was on "Electricity and gas markets in Africa"

Knowledge Centre

U.S. Energy and Employment Report

Despite economic uncertainty, however, the USEER analysis shows the energy sector experienced positive job growth, increasing 4.0% from 2020 to 2021, outpacing overall U.S. employment, which climbed 2.8% in the same period. Overall, the total number of energy jobs increased, from 7.5 million in 2020 to more than 7.8 million in 2021, after a steep decline in 2020.  There are more than 3 million jobs, 40% of total energy jobs, that support reducing U.S. emissions to zero across several sectors.

Finance

Cost of geothermal to remain high in comparison to wind and solar

Over the past decade, the installation cost of geothermal power plants has increased, from USD2,620 per kW in 2010 to USD4,468 per kW in 2020. According to IRENA, geothermal is the second most expensive renewables type by installation cost, closely behind concentrated solar power's 4,581 USD per kW in 2020.

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