Big Moves

GreenGo Energy to develop Megaton green energy park in Denmark

GreenGo Energy, a Danish company, has teamed with the municipality of Ringkbing-Skjern to develop a 4 GW green energy park. The Megaton project, located in the municipality of Ringkbing-Skjern, will be constructed at the upcoming Stovstrup substation east of Tarm. Its construction will require an investment of $8.7 billion in total. In addition to a 2 GW offshore wind project that GreenGo intends to develop, the 4,000 ha Megaton energy park will also include onshore solar and wind projects.

News

Amazon procures record 8.3 GW of clean energy in 2022

Amazon has recently announced that in 2022 it grew its renewable energy capacity by 8.3 GW through 133 new projects in 11 countries. This brings Amazon’s total portfolio to more than 20 GW—that could generate the amount of energy to power 5.3 million U.S. homes—across 401 renewable energy projects in 22 countries. With these continued investments, reportedly, Amazon set a new corporate record for the most renewable energy announced by a single company in one year.

Interviews

Policy landscape presents challenges and opportunities: Invenergy’s Mick Baird

Invenergy was an early leader in the clean energy transition and has continually evolved to push the energy industry forward. What began as a largely thermal and wind business is now a full energy solutions provider with an array of new technologies, including solar, green hydrogen, desalination, and large-scale battery storage. While the technology has changed, our approach to responsibly siting clean energy projects that benefit a broad spectrum of stakeholders has remained the same.

Opinion & Perspective

What Happens When Utilities Start to Integrate the IRA into Planning?

The passage of the Inflation Reduction Act (IRA) was one of the climate highlights of 2022. As we enter 2023, our attention shifts toward implementation — and uncovering what’s possible when regulators and utilities leverage the full set of resources the IRA offers to accelerate an equitable energy transition. One of the places we expect to see changes emerge as a result of the IRA is in utility integrated resource plans (IRPs). IRPs are where utilities evaluate their long-term options for meeting energy needs, such as when to retire existing resources and what to build next.

Mega Trends & Analysis

Promoting Renewables: Uptake of clean energy in Maldives

The Maldives has been naturally bestowed with abundant renewable energy resources that include solar, wind, and ocean. Utilisation of these renewable energy sources will offer the potential to reduce electricity generation costs, fuel imports and fiscal burden on the government in the country. According to data by the International Renewable Energy Agency, the share of renewable energy in the total energy mix of Maldives is just 6 per cent.

Policy Watch

Expanding the US Grid: DOE announces USD13 billion BIL funding for transmission

The Biden Administration has been working on advancing transmission buildout to deliver 100 per cent clean electricity by 2035 and reducing greenhouse gas emissions to 50-52 per cent below 2005 levels by 2030. To support these goals, huge dedicated federal funding allocations have been made for grid modernisation under the Bipartisan Infrastructure Law (BIL), enacted as the Infrastructure Investment and Jobs Act (IIJA) in November 2021.

Tech Talk

Reactive Power Management for Renewable Energy Integration

The increased injection of renewables causes voltage fluctuations in the gr­id, causing harmonics, flicker ph­e­nomena, unbalanced loads and power oscillation, thus impacting pow­er quality and power transfer capability. There­fore, reactive power management is crucial to ensure grid stabilisation, enable voltage management and maintain po­wer quality. Reactive power ma­na­geme­nt reduces voltage fluctuations and im­proves the stability of AC systems.

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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

European Electricity Review 2023: Ember Report

The European Electricity Review analyses full-year electricity generation and demand data for 2022 in all EU-27 countries to understand the region’s progress in transitioning from fossil fuels to clean electricity. It is the seventh annual report on the EU power sector published by Ember (previously as Sandbag). Our data is free and easily downloadable, and is available at annual and monthly granularity. We hope others also find the data useful for their own analysis.

Finance

Solar economics: The PTC vs. ITC decision

Under the Inflation Reduction Act (IRA) signed into law in 2022, solar projects may now opt for either an investment tax credit (ITC) or a production tax credit (PTC). What's at stake for solar developers across the country is making a choice between an upfront investment-based incentive versus a production-based incentive applicable for the project’s first ten years of operations. This decision of whether to opt for PTC or ITC is a balancing act that depends on three primary considerations: expected capacity factor, investment (capital and financing) costs, and bonus eligibility.  

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