Clean Energy Investment Accelerator (CEIA), which is co-led by World Resources Institute (WRI), Allotrope Partners and the U.S. National Renewable Energy Laboratory (NREL) recently made a presentation titled, “Mobilizing Clean Energy Investment in Southeast Asia’s Power Sector: Insights from Vietnam and Indonesia” at IESR Webinar.
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Within two weeks of signing a 72,000-ton supply deal with Tongwei, solar manufacturer Trina Solar has cornered another 30,000-ton slice of the global polysilicon market. It has signed a deal to buy 30,000-37,600 tons of mono-grade polysilicon from Daqo New Energy, with the contract running until December 2023.
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The Italian government has unveiled a new hydrogen strategy that aims for 20 per cent hydrogen penetration into final energy demand by 2050.
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Plug Power, a US-based hydrogen fuel system company, has raised $1 billion in the form of bought equity to fund the development of a US-wide network for green hydrogen production. The move is motivated by the desire to boost the supply of carbon-free fuel to fuel-cell-powered vehicles.
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Today 34,000 turbines are 15 years or older, representing 36 GW of onshore wind capacity. Most of the ageing capacity is in Germany, followed by Spain, Italy and France. This is a significant volume that needs certain logistics in place to proceed with dismantling, collection, transportation, waste management treatment & finally site restoration.
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While there is tremendous growth in, and potential for, renewables, grid stability remains a barrier to progress. Hydrogen and artificial intelligence look set to play critical roles as countries turn to technology to help solve the problems of scaling up renewables.
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AI is revolutionizing the renewables industry, with improved demand forecasting, superior asset management, and operational excellence through automation. As the low-carbon transition gains pace, AI’s ability to seamlessly integrate an enormous increase of intermittent renewable energy will be needed to ensure a stable and reliable grid.
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The government of Japan has launched its first-ever auction for fixed bottom offshore wind...
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The spring months of 2020 showed an active financing market with 33 separate M&A-related transactions announced.
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Europe could mainstream green hydrogen faster than traditional assessments suggest by creating joint investment projects along the value chain, which would allow the initial green premium, or extra cost, of green hydrogen to be measured against the sustainability value-add of a final product, and not only against the cost of competing fossil fuels. Presented below are select extracts and highlights from the white paper titled, “Mainstreaming Green Hydrogen in Europe“. The white paper summarises an independent research project conducted by Material Economics and commissioned by Breakthrough Energy, exploring what Europe can do to accelerate the growth of hydrogen, and in particular renewable energy-based (or so-called green) hydrogen.
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SSE Renewables and Equinor have announced the completion of a finance deal which will see the two parties invest $8 billion in the construction of the first two phases of the Dogger Bank offshore wind. Each phase will have a capacity of 1.2 GW each and will be constructed off the northeast coast of England.
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In the midst of 2020 election limbo, the Washington State Department of Commerce quietly released a draft of its Washington State 2021 Energy Strategy. And it’s clear that Washington is not on track to reach its 2030 commitment target or its deeper decarbonization emissions target of being carbon neutral by 2050 unless buildings are rapidly electrified.
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Taiwan is on the path to connect 5.5 GW of new offshore wind capacity by 2025, and another 10 GW will be tendered by the government through the Round 3 auctions for commissioning by 2035. By 2035, the investment from offshore wind is expected to reach $90 billion USD and create around 57,000 jobs.
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KEPCO and other companies that have decided to pursue a greener business model should be working hard to demonstrate to the market that they are taking the right steps to align with ESG investors. At this stage, however, it is unclear whether KEPCO has the appetite to seriously transition into a world-class renewable power company and catch up to its ambitions.
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California Hydrogen Business Council (CHBC) recently conducted a webinar titled, “Long-Duration Energy Storage: Key To Achieving SB 100” in October 2020. The speakers at the webinar included Diane Moss Deputy Director California Hydrogen Business Council; Dr. Nathan Lewis, Professor of Chemistry, California Institute of Technology; Katherine Rinaldi, Graduate Research Assistant, California Institute of Technology; Jacqueline Dowling, Chemistry PhD Candidate, California Institute of Technology; Dr. Josh Eichman, Senior Research Engineer, National Renewable Energy Laboratory; and Dr. Jeff Reed Chief Scientist Advanced Power & Energy Program at UC Irvine.
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The Dubai Water and Electricity Authority (DEWA) has reported that the third phase of the Mohammed bin Rashid Al Maktoum (MBRAM) Solar Park has been commissioned. This signifies an addition of 800 MW of solar capacity to the existing operating capacity of 213 MW. The third phase was developed by French renewables company, EDF in collaboration with DEWA and the Abu Dhabi Future Group.
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Biodiesel market is small today at around 0.9 million b/d, meeting less than 1% of global oil demand and is used solely in road transport. But it’s going to grow faster than any other segment of oil demand, except perhaps petrochemicals.
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Corbetti Geothermal PLC has announced the results of the first round of the call for tenders for the drilling of boreholes for its geothermal project in the Oromia region of Ethiopia. The project is being developed by a consortium formed by Berkeley Energy (BE), manager of the African Renewable Energy Fund (AREF), Reykjavik Geothermal (RG) and InfraCo Africa, a company of the Private Infrastructure Development Group (PIDG).
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BloombergNEF estimates that to generate enough green hydrogen to meet a quarter of the world’s energy needs would take more electricity than the world generates now from all sources and an investment of $11 trillion in production and storage. That’s why the focus for now is on the 15 percent of the economy with energy needs not easily supplied by wind and solar power, such as heavy manufacturing, long-distance trucking, and fuel for cargo ships and aircraft.
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bp’s chief economist, Spencer Dale, recently presented the Energy Outlook 2020. Check out his presentation to know how has Covid-19 affected the outlook, how might oil demand be affected by the mobility revolution, what role could natural gas play in the energy transition, just how quickly will renewables grow over time, what role for hydrogen and bioenergy, and what are the dangers of delaying the energy transition.
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