Big Moves
Duke, TotalEnergies emerge as winners in the US offshore wind auction
The US Department of the Interior (DOI) has announced that TotalEnergies of France and Duke Energy Corp (DUK.N) of the US have been awarded offshore wind leases in federal waters off the coasts of North and South Carolina. The winning bids totalled $315 million, with Duke receiving $155 million and TotalEnergies receiving $160 million.
News
Greenko to build renewable energy storage facility in Andhra Pradesh
The Greenko Group is setting up the world's largest renewable energy storage plant in Kurnool, Andhra Pradesh. The 5,230 MW project is being set up at a cost of $3 billion. The project will have a total capacity of 3 GW of solar power, 550 MW of wind power, and 1,680 MW of pump storage capacity for six hours. ArcelorMittal has invested around $600 million in the project. ArcelorMittal's investment will be used to construct 1 GW of solar energy capacity for the project. The project is expected to be commissioned by 2023.
Interviews
The biggest challenge seems to be grid capacity: Mainstream Renewable Power’s Bernard Casey
We have a long history in the offshore wind space, and we have developed the world's largest offshore wind farm in the UK, which is now owned and being built out by Orsted. In the APAC region, we are currently developing offshore wind projects in Vietnam and Japan as well as tracking various opportunities in the Philippines. The biggest challenge for offshore wind transmission often seems to be the onshore grid capacity. Meanwhile, the best locations for these projects are often remote from the load centers as is the case, for example, in Vietnam.
Opinion & Perspective
Why we need global cooperation on decarbonizing cities and real estate
In an increasingly challenging and volatile world, the urgent need to decarbonize real estate remains a constant. There are no quick fixes that will suddenly transform today’s energy inefficient buildings into models of sustainable construction in the coming decades. It will take time, investment and expertise to retrofit the majority of buildings across urban areas. Yet given that more than 60% of carbon emissions within cities typically come from buildings, a concerted effort is needed sooner rather than later.
Mega Trends & Analysis
Assessing EU plans to import hydrogen from North Africa
Hydrogen is expensive to distribute via shipping and pipeline, which is why today the large majority of it is manufactured at the point of consumption. Realistically, is Europe going to be willing to pay that very significant price difference? North African governments and firms should therefore be wary of promises of large export markets for expensive to manufacture and ship green hydrogen, and the synthetic fuels made from it.
Policy Watch
Assessment of Poland’s renewable energy policy
The EPP2040 places an emphasis on increasing renewable electricity generation to drive the energy transition, especially on solar PV and offshore wind. It includes targets for solar PV capacity of 5-7 GW by 2030 and 10-16 GW by 2040, and for Poland to have 1 million prosumers using distributed renewables (mainly PV) by 2030. Although the EPP2040 was released in February 2021, it does not reflect the reality of PV deployment in Poland.
Tech Talk
EU-SysFlex Project: Suggests new solutions to address flexibility issues
The recently concluded EU-SysFlex project aims to address system operation and flexibility challenges associated with EU’s goal of integrating 50 per cent renewables by 2030. Based on demonstrations and trials, the final roadmap contains eight key recommendations or findings, i.e., technical scarcities, required flexibility, financial gaps, market evolution, new operating tools, TSO-DSO coordination, aggregation of decentralised resources, and data management.
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Webinars & Videos
System Integration of Renewables in Moldova: A Roadmap by IEA
The central purpose of this document is to provide a vision for policymakers at all levels towards a clean and secure electricity system in Moldova, providing actionable items towards this vision in three steps, as well as outlining the economic, environmental and social benefits it could deliver. This document also serves to support further development of the national renewable energy strategy.
Knowledge Centre
Building Energy Security: Briefing by Energy Transitions Commission
The analysis finds that the response should be anchored around accelerated investment in renewable energy and economy wide electrification, together with improved energy efficiency. The paper also highlights tricky trade-offs and choices that have to be made. Actions which could seriously delay or imperil the energy transition are unnecessary and undesirable.
Finance
Renewable energy as a catalyst for investment and growth in Vietnam
Several high-profile investors have entered Vietnam's C&I market. The French utility group EDF and its local partner, investment fund VinaCapital, have committed USD100 million over the next three years for a pipeline of 200 MWp of C&I rooftop solar power systems. South Korean conglomerate SK Group has pledged USD200 million and a 250 MWp installation target in the next few years, with local partner Nami Energy.
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