Big Moves
Longroad announces $500 million investment to expand wind, solar and storage portfolio
Longroad Energy Holdings, a US-based developer and holding company for renewable energy, has announced a $500 million equity investment from MEAG, an asset management subsidiary for Munich Re entities. Although Longroad now owns a 1.5 GW net ownership operating portfolio, the developer has a record of developing and acquiring 3.2 GW of projects.
News
Iberdrola starts operations of 590 MW solar project in Spain
Iberdrola, a Spanish energy company, has begun operations at the Francisco Pizarro solar photovoltaic (PV) plant in Extremadura, Spain. The 590MW solar project is situated between the municipalities of Torrecillas de la Tiesta and Aldeacentenera (Cáceres). Built with an investment of more than €300m, the Francisco Pizarro solar facility is equipped with approximately 1.5 million solar PV modules.
Interviews
We need the industry to decarbonise: Singapore’s Minister of State Low Yen Ling
Today, the power sector contributes about 40% of Singapore’s carbon emissions. To reach our net-zero emission goal by 2050, we need the industry to decarbonise. Last year, the EMA announced the Singapore Energy Transition plan to decarbonise the power sector whilst ensuring that our energy system remains secure and reliable. Singapore will harness and tap on four switches to transform our energy supply – natural gas, solar, regional power grids and emerging low-carbon alternatives.
Opinion & Perspective
Innovative Partnerships Bring Community Solar to Low-income Households in the US
Over the last 15 years, community solar in the United States has grown dramatically: Installed community solar capacity increased almost 700% between 2006 and 2019. To support LMI participation in the clean energy economy and broader uptake of community solar, the development of catalytic partnerships — dynamic relationships that link utilities, non-profits, financial institutions, developers and other stakeholders to ease financial impediments — will be critical.
Mega Trends & Analysis
Europe must double its pace of wind and solar deployment: Ember
With the gas crisis and Russia’s war in Ukraine, energy security been shooting up on the top of the EU’s agenda. Seeing the urgency of reducing dependence on imported fossil fuels, the European Commission and European Union (EU) member states have increased ambition on renewable energy. However, this needs to be coupled with actual delivery through national legislation, the removal of administrative barriers, effective support schemes and increased investment.
Policy Watch
Australia reviews grid planning: AEMC’s recommendations to foster investment
Australia is moving apace to meet its net zero target by 2050. The country’s policymakers and regulators are extensively reviewing the existing regulatory framework to make sure it is flexible enough to support the ongoing energy transition. Since transmission is an important enabler in this process, the Australian Energy Market Commission (AEMC) recently published its recommendations in its draft report on ‘Transmission Planning and Investment Review (Stage 2).’
Tech Talk
Spurring Growth: Changing PV market dynamics and technology advances
Several developments have occurred in the PV market. These include the entry of new players, increase in wafer sizes to increase in the power output of modules and commercialisation of new technologies. Technologies such as heterojunction, bifacial modules and perovskite cells are being increasingly explored. However, in 2020, silicon-wafer based PV technology accounted for 95 per cent of the total production, with monocrystalline technology accounting for 84 per cent of the total crystalline-silicon production.
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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
Role of US DMV in Clean Transport: RMI Report
For the United States to meet its climate goals, it will need to cut emissions from transportation, the single-largest sectoral carbon emitter, by 45 percent by 2030. This requires putting 70 million electric light-duty vehicles on the road and reducing its vehicle miles traveled by 20 percent in the next few years. But how does it do that?
Finance
TransLink 2022 Investment Plan: Commitment to net-zero emissions
In May 2022, the Mayors’ Council on Regional Transportation and TransLink’s Board of Directors approved the agency’s 2022 Investment Plan, followed by a commitment by the Government of British Columbia of CAD2.4 billion to support transit investments. The 2022 Investment Plan will help advance the objectives of Transport 2050, Metro 2050, and Climate 2050.
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