Month: February 2021

Hydrogen insights: A perspective on hydrogen investment, market development and cost competitiveness

Hydrogen insights: A perspective on hydrogen investment, market development and cost competitiveness

February 28, 2021 | ,

At the beginning of 2021, over 30 countries have released hydrogen roadmaps, the industry has announced more than 200 hydrogen projects and ambitious investment plans, and governments worldwide have committed more than USD 70 billion in public funding. This momentum exists along the entire value chain and is accelerating cost reductions for hydrogen production, transmission, distribution, retail, and end applications.

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India’s ReNew Power to list on NASDAQ through a $8 billion deal

India’s ReNew Power to list on NASDAQ through a $8 billion deal

February 26, 2021 |

India’s leading renewable energy venture ReNew Power and RMG Acquisition Corporation II (RMG II) have entered into a business combination agreement to form ReNew Energy Global PLC. Upon the closing of this deal, the combined entity ReNew Energy Global PLC is expected to be publicly listed on the NASDAQ under the symbol “RNW”. This special purposed acquisition company (SPAC) transaction is valued at about $8 billion is expected to close in the second quarter of 2021.

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Total sells two of its renewable power portfolios in France

Total sells two of its renewable power portfolios in France

February 26, 2021 |

Total Quadran, Total’s 100% renewable power geneation subsidiary in France, has sold half of its equity stakes in two renewable energy portfolios to Banque des Territoires and Crédit Agricole Assurances. Banque des Territoires has acquired a 50% stake in a 53 MW portfolio comprising of 8 solar farms in New Caledonia. Meanwhile, Crédit Agricole Assurances has acquired a 50% stake in a 285 MW portfolio comprising of 9 wind farms with a total capacity of 103 MW and 44 solar power plants with a total capacity of 182 MW.

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Thailand’s Energy Absolute receives $47.62 million green loan from ADB

Thailand’s Energy Absolute receives $47.62 million green loan from ADB

February 26, 2021 |

Thailand-based Energy Absolute Public Company Limited (Energy Absolute) has secured a green loan from the Asian Development Bank (ADB) to finance its renewable energy and electric vehicle charging network projects in Thailand. The $47.62 million green loan will be used to finance the ongoing the Nakornsawan Solar and Hanuman Wind power plants. In addition, the funds will also be used to deploy fast and standard chargers at across Thailand.

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Bright Prospects for Saudi Solar Power, Though Downside Risks Remain

Bright Prospects for Saudi Solar Power, Though Downside Risks Remain

February 26, 2021 |

Tenders held by REPDO will drive growth in solar and wind power in Saudi Arabia, creating a route for foreign renewables investment in the market. Solar power projects will spearhead growth in the market’s non-hydropower renewables sector between 2021 and 2030, driven in large part by targets set out in the kingdom’s Saudi Vision 2030 plan and Renewable Energy Program 2030.

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Falck commissions 74 MW wind farm in Sweden

Falck commissions 74 MW wind farm in Sweden

February 25, 2021 |

Falck Renewables has that it has connected its 74.1 MW Brattmyrliden wind farm in Sweden to the grid. The project is located in the Ornskoldsvik municipality and is set to generate 263.5 GWh annually which will power about 52,700 homes in the country. The project is owned by Falck Renewables’ subsidiary Brattmyrliden Vind AB and consists of 19 N133 wind turbines supplied by Nordex SE. The turbines are currently in the final testing phase before it reaches full commercial operations by the end of June 2021.

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Ballard raises $550 million through a bought deal offering

Ballard raises $550 million through a bought deal offering

February 25, 2021 |

Canadian fuel-cell company, Ballard Power Systems has announced that it has closed an upsized $550 million bought deal offering of common shares. The company sold 14.87 million common shares at a 7 per share. It has the potential to raise up to 82.5 million in additional proceeds if the underwriters use their option to buy up to 2.23 million more shares within 30 days to cover over-allotments.

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Trina Solar to develop energy storage solutions

Trina Solar to develop energy storage solutions

February 25, 2021 |

Trina Solar has announced that it has set up Trina Storage, a unit specializing in storage and smart energy solutions. The unit is designed to and develop innovative solutions for various areas of application, including residential batteries, grid services, large-scale storage, and microgrids. Further, the company also looks to provide flexible and scalable solutions that meet the requirements in terms of cost, quality, security, and efficiency, and meet specific customer needs.

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2 GWp solar park with storage and diesel backup to come up in the Philippines

2 GWp solar park with storage and diesel backup to come up in the Philippines

February 25, 2021 |

he Solar Philippines Corporation has announced plans to build a large power complex combining 2 GWp of solar power capacity, 6 GWp of energy storage, and a 600 MW diesel backup plant in Nasugbu, Batangas City. The company has secured a Solar Service Energy Contract from the Department of Energy giving it exclusive right to explore, develop and utilise the solar resource. Solar Philippines has also secured about 2,000 hectares of land for the project in Nasugbu.

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IEA: India is on ‘cusp of a solar-powered revolution’

IEA: India is on ‘cusp of a solar-powered revolution’

February 25, 2021 |

The IEA’s India Energy Outlook 2021 finds that the energy demand of the world’s third-largest emitter will expand more than any other nation over the next two decades, edging out the EU to make it the third largest consumer. Under existing policies, India’s emissions are also expected to grow by 50% during this period, offsetting all the cuts in European emissions. Even then, its per-capita emissions will still be “well below” the global average, the IEA says, given that India has the world’s second largest populace.

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Green Mobility: Achieving carbon neutrality through transport in the Middle East by 2030

Green Mobility: Achieving carbon neutrality through transport in the Middle East by 2030

February 25, 2021 |

The countries in the Middle East are making concrete efforts to introduce policies to promote sustainable transport. Qatar and the United Arab Emirates (UAE) are making notable efforts towards green mobility, while Saudi Arabia has announced its intention to build a zero-carbon city as part of its NEOM project. Autonomous vehicles (AVs) are also on the agenda to explore more future-forward transportation.

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Enbridge, EDF, wpd start the construction of the 448 MW Calvados offshore wind farm

Enbridge, EDF, wpd start the construction of the 448 MW Calvados offshore wind farm

February 24, 2021 |

EDF Renewables, a subsidiary of the EDF Group, EIH SARL, a subsidiary of Enbridge Inc., and wpd, a European renewable energy company, announced the launch of construction activity of the 448 MW Calvados offshore wind farm. The construction started post the finalization of financing agreements between the consortium and its financial partners. The total project cost is estimated at around two billion euros.

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The global demand for WtE market is expected to witness high surge in demand: Research And Markets

The global demand for WtE market is expected to witness high surge in demand: Research And Markets

February 24, 2021 |

According to “Waste-to-Energy (WtE) Market – Global Industry Analysis (2017-2020), Growth Trends and Market Forecast (2021-2025)” report published by ResearchAndMarkets, the global demand for WtE market is expected to witness high surge in demand as governments across the globe invest in developing sustainable solutions for generating energy from waste. North America is expected to lead the global WtE market as this region has high potential due to developed economies in this region.

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Barcelona’s Metropolitan Area plans to triple its solar energy capacity

Barcelona’s Metropolitan Area plans to triple its solar energy capacity

February 24, 2021 |

The Metropolitan Area of Barcelona (AMB) aims to triple its solar power generation in one year. To this end, during 2021, 16 new photovoltaic systems will be installed on rooftops and infrastructure will be set up for recharging electric vehicles. For the entire infrastructure planned, investments to the tune of about six million euros will be required.

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Enegix Energy to invest $5.4 billion to produce green hydrogen in the Pecem port complex in Brazil

Enegix Energy to invest $5.4 billion to produce green hydrogen in the Pecem port complex in Brazil

February 24, 2021 |

Australian company Enegix Energy has promoted an initiative that seeks to invest $5.4 billion to produce green hydrogen in the Pecem port complex in Brazil’s northeastern Ceará state. In addition to several regional government secretariats, the patron saint Federation of Ceará State Industries, the Federal University of Ceará, the Dutch port of Rotterdam, which manages Pecem, and Enegix Energy (which will build the hydrogen production factory) will participate in the initiative.

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GE Renewable Energy to supply 15 turbines for wind farm in Vietnam

GE Renewable Energy to supply 15 turbines for wind farm in Vietnam

February 23, 2021 |

Ocean Renewable Energy Joint Stock Company has awarded a contract to GE Renewable Energy to supply a total of 15 of GE’s 4 MW-137 wind turbines. Thus, GE will supply turbines for a total capacity of 60 MW. These turbines will be used to develop the Cau Dat Wind Farm, which will be the first wind farm in Lâm Đồng Province in Vietnam.

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