Big Moves
New Jersey signs Bill to end local control of wind power lines
New Jersey’s governor has recently signed a Bill that would remove most local control from where and how offshore wind energy projects come ashore. Aside from granting local communities a public hearing on an offshore project that comes ashore in their town, the measure strips those communities and their elected officials of most control over where and how the project’s power lines and associated infrastructure are installed onshore.
News
Cobra and Flotation to develop 2.5 GW offshore wind capacity for Ireland
A joint venture between Cobra Instalaciones y Servicios and Flotation Energy has announced its plans to apply for development approval to build offshore wind farms once Ireland's new legal framework is in place.
Interviews
We are accelerating our transition: Equinor’s CEO Anders Opedal
We are in the biggest transition our energy systems have ever seen. Renewables are growing rapidly, and over time, oil and gas will play a smaller role. The plan we present today is a strategy to take advantage of the opportunities in the transition. This is not a new direction, but we are accelerating our transition, bringing forward our ambitions while growing cash flow and returns.
Opinion & Perspective
Benchmarking 2021: Still Big Opportunities for Cleaner Power
The Biden administration has committed the United States to delivering 50-52 percent economy-wide GHG emission reductions by 2030 through its Nationally Determined Contribution (NDC), setting the stage for strong global action on climate. NRDC has shown that reducing emissions is achievable and technologically feasible at modest costs with smart planning and policymaking. While achievable, reaching this goal is no small feat, and significant shifts towards clean alternatives to fossil-based energy must continue throughout the economy, beginning with the power sector.
Mega Trends & Analysis
Solar Power Investment Hotspots: Outperformers and Ones to Watch
Fitch Solutions highlight Spain and Japan as global solar power outperformers. Robust government support, declining renewables costs and a sizeable project pipeline will support substantial solar capacity growth in Spain. Japan is currently the second largest solar power market in Asia and will see the third largest capacity growth in the region, driven by the adoption of distributed solar generation systems. Poland is the solar power market to watch.
Policy Watch
OFTO Tender Regime Review: Ofgem to implement new rules in TR7 and beyond
To support the UK government’s efforts to achieve its revised ambitious offshore wind target of 40 GW by 2030 in a bid to reach net zero emissions by 2050, the Office of Gas and Electricity Markets (Ofgem) has been undertaking short- and long-term reviews of the offshore transmission network arrangements.
Tech Talk
600W+ Ultra High-Efficiency Solar Modules Boost Global Solar Power Growth Outlook
Major solar module manufacturers continue to make technological advancements, with several now offering modules that are equal to or exceed a power output of 600 watts (W). In June 2020, we highlighted the solar module manufacturers push towards offering high-efficiency solar modules that are equal to or exceed 500W capacity, with Risen Energy being the first to announce a 500W+ module in late 2019.
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Webinars & Videos
Interview with Dr Ajay Mathur, Director General, International Solar Alliance
Formed in 2015, the International Solar Alliance (ISA) has now become a global collaboration to promote solar energy uptake worldwide with 95 signatories and more on the way. Through advocacy and analysis, capacity building, resource mobilisation, and project implementation, ISA is enabling long-term visibility and scalability of solar power projects across nations. In this exclusive Q&A, Dr Ajay Mathur, Director General, ISA gives his perspective on the evolving global solar power landscape as well as ISA’s focus areas for the future and his vision for the organisation.
Knowledge Centre
Leveraging Local Capacity for Solar Water Heaters
Heating and cooling account for nearly half of global final energy consumption. As renewables increasingly become cost-competitive, solar alternatives especially for heating water are becoming more common. Solar thermal systems for water heating, or solar water heaters, are a mature technology that has been successfully deployed in several countries for more than 30 years.
Finance
Adani Green acquires SB Energy India
Until now, Adani Green Energy Limited (AGEL) had been focusing on renewable energy capacity expansion through greenfield investments. With this strategy, its renewable energy portfolio grew substantially, from only 0.3 GW in 2015-16 to 14.8 GW in 2020-21. However, recently, it signalled its strong interest in augmenting its renewable energy exposure through acquisitions as well. In May 2021, AGEL acquired SB Energy India, which has 4.95 GW of renewable assets, through an equity purchase worth $625 million (about Rs 46 billion).
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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