Month: March 2021

Eco-design and energy labelling for solar PV in the EU

Eco-design and energy labelling for solar PV in the EU

March 31, 2021 |

The European Commission’s policy scenario evaluation concluded that the best way to further regulate PV panels was via a combination of mandatory and voluntary policy instruments. This scenario evaluation considered mandatory instruments such as eco-design measures for photovoltaic panels and inverters, augmented by the use of the Energy Label for residential PV systems, and voluntary instruments such as Green Public Procurement Criteria.

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ReNew Power commissions 300 MW wind farm in Gujarat, India

ReNew Power commissions 300 MW wind farm in Gujarat, India

March 31, 2021 |

ReNew Power has commissioned a 300 MW wind power plant in Gujarat, India. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Energy (AP2) Private Limited in a competitive e-reverse auction conducted by Solar Energy Corporation of India Limited. The project is located in Gujarat’s Kutch District and will provide clean energy to the Indian states of Haryana and Odisha at a tariff of Rs 2.44 per kWh.

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Canadian fund Cubico Sustainable Investment closes purchase of KKR’s minority stake in T-Solar

Canadian fund Cubico Sustainable Investment closes purchase of KKR’s minority stake in T-Solar

March 31, 2021 |

Cubico Sustainable Investment, the fund of Canadian groups PSP and Ontario Teachers, has closed the purchase of KKR’s minority stake in T-Solar in Spanish photovoltaic assets. With this operation, the group closes the acquisition of the company and takes full control in a transaction in which 1.5 billion euros have been disbursed. Cubico reached an agreement with I Squared Capital to take the majority stake on December 15, 2020.

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California represents almost half of the EV sales in the US: CPUC’s Clifford Rechtschaffen

California represents almost half of the EV sales in the US: CPUC’s Clifford Rechtschaffen

March 31, 2021 |

Electrification of transport has gained significant momentum in the United States, especially in the state of California. The state, reputed for its commitment to clean and renewable energy has taken several initiatives over the past decade to move towards carbon neutrality. Clifford Rechtschaffen, Commissioner, California Public Utilities Commission talks about the key initiatives undertaken by California in this space and the way forward.

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Integrated European majors lead on preparedness for a low-carbon world: BNEF

Integrated European majors lead on preparedness for a low-carbon world: BNEF

March 31, 2021 |

European oil companies, including Total, Galp, Equinor, BP and Royal Dutch Shell lead a group of the 39 most publicly-traded oil and gas companies in preparedness for a low-carbon world. These companies have ranked highly due to ambitious climate targets and deep transition-related investments. For example, these five oil majors own some 11GW, or 78%, of the renewable energy assets held by the 39 scored companies.

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700 MW Zungeru hydropower station to be concessioned in Nigeria

700 MW Zungeru hydropower station to be concessioned in Nigeria

March 30, 2021 |

National Council on Privatisation (NCP) and the Bureau of Public Enterprises (BPE), have invited expressions of interest from qualified technical advisers to provide transaction advisory services for concession of a 700 MW hydropower project. The bid submission deadline is March 31, 2021.

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Offshore wind and wind-solar hybrid projects have the highest potential to improve green hydrogen economics: GWEC

Offshore wind and wind-solar hybrid projects have the highest potential to improve green hydrogen economics: GWEC

March 29, 2021 |

According to Global Wind Energy Council’s (GWEC’s) “Global Wind Report 2021”, 2020 saw global new wind power installations surpass 90 GW, a 53% growth compared to 2019, bringing total installed capacity to 743 GW, a growth of 14% compared to last year. Going forward, offshore wind and wind-solar hybrids have the highest potential to make green hydrogen commercial.

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An Emerging Market: Opportunities and Challenges in Africa’s Solar Segment

An Emerging Market: Opportunities and Challenges in Africa’s Solar Segment

March 27, 2021 |

Africa has seen increasing uptake of solar, especially in the northern part of the continent. In fact, solar power is becoming a popular alternative to fossil fuel-based energy generation and it is supplementing hydropower in countries where water resources are scarce. It is gaining traction across the utility scale, commercial and industrial as well as micro- and mini-grid segments.

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RWE to start construction of the 1.4 GW offshore wind project in UK

RWE to start construction of the 1.4 GW offshore wind project in UK

March 26, 2021 |

RWE has taken the financial investment decision on its 1.4 GW flagship Sofia Offshore Wind Farm project. The 100% RWE-owned project is the largest offshore project in the company’s renewables fleet and represents a total investment of approximately £3 billion. The company will soon begin the construction works with onshore enabling works due to start in spring 2021.

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India’s Tata Cleantech receives JPY 10 billion loan from JICA

India’s Tata Cleantech receives JPY 10 billion loan from JICA

March 26, 2021 |

Japan International Cooperation Agency (JICA) has signed a loan agreement with Tata Cleantech Capital Limited (TCCL), an Indian non-banking financial company. The financing for a maximum amount of JPY 10 billion will help support TCCL to offer loans to businesses across India that focus on renewable energy generation, e-mobility solutions as well as energy efficiency. The loan, provided through the Private Sector Investment Finance scheme of JICA is co-financed with the Sumitomo Mitsui Banking Corporation (SMBC).

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Scandinavian Hydrogen Station Ambitions 2023

Scandinavian Hydrogen Station Ambitions 2023

March 26, 2021 | ,

Everfuel is connecting the complete value chain to commercialize hydrogen fuel across Europe by adding innovations and removing inefficiencies. It aims to establish a Scandinavian fueling network with 40-50 public hydrogen stations by 2023, enabling transport in and between major cities and corridors. Check out their presentation highlighting the company’s plans in this space

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Global Wind Turbine Supplier Ranking for 2020

Global Wind Turbine Supplier Ranking for 2020

March 26, 2021 | ,

GWEC Market Intelligence released the preliminary rankings for the world’s top five wind turbine original equipment manufacturers (OEMs). Danish manufacturer Vestas held the title as the world’s largest supplier of wind turbines in 2020 across onshore and offshore wind, thanks to the manufacturer’s wide geographic diversification strategy, with new installations in 32 markets last year, and strong performance in the US, Australia, Brazil, Netherland, France, Poland, Russia and Norway.

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