Hamburg Green Hydrogen Hub project has been included in the German Federal Ministry of Economics’ shortlist of projects under consideration for funding under the EU’s “Important Projects of Common European Interest” (IPCEI) program. The partners of the Hamburg Green Hydrogen Hub include Shell, Mitsubishi Heavy Industries (MHI), Vattenfall and the municipal company Warme Hamburg.
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Germany’s Federal Ministry of Transport and Digital Infrastructure (BMVI) is supporting the city of Cuxhaven in the procurement of a hydrogen-powered waste collection vehicle. The administration was awarded the contract and received the funding decision amounting to around 695,000 euros.
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At the Shareholders’ Meeting, the shareholders of Total approved, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new visual identity.
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Despite the COVID-19 pandemic, preliminary reported market data shows that the global PV market again grew significantly in 2020. At least 139,4 GWdc of PV systems have been installed and commissioned in the world last year. The total cumulative installed capacity for PV at the end of 2020 reached at least 760,4 GWdc. Outside of China, the global PV market grew from 79,2 GW in 2019, to at least 90 GW in 2020, a 14% increase year on year.
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Regulated electric utility Evergy plans to add 700 MW of utility-scale solar in Kansas and Missouri by 2024 as part of its integrated resource plan (IRP). The plan calls for retiring 484 MW of coal-fired generating capacity in late 2023.
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Germany’s Ministry for Economic Affairs and Energy and the Ministry of Transportation and Digital Infrastructure have announced the names of more than 60 initiatives that will received support under the country’s National Hydrogen Strategy. The initiatives called the Important Projects of Common European Interest (IPCEIs) are spread across the country.
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The Eiffel Tower in Paris, France was illuminated with carbon-free hydrogen to raise awareness of the need for an ecological transition based on renewable energy. This was done for a laser show during the ‘Paris de l’hydrogène’ event organised by Energy Observer.
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Altri’s green energy arm Greenvolt, has reached an agreement for the acquisition of 70% of Profit Energy, a company dedicated to the areas of solar energy and energy efficiency.
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With Vietnam’s continued economic growth, demand for electricity is steadily rising, as is demand for renewable energy sources such as wind, solar, and biomass in the country’s electric mix. Vietnam’s current power generation capacity is about 54 GW and is predicted to grow to 130 GW by 2030. The Government of Vietnam announced its 10 year national energy growth plan in February 2021 to gradually scale up grid capacity to meet this increased. The energy development plan emphasises on the advancement of clean energy, with proposals to raise the proportion of renewable energy to 20 per cent and to minimise reliance on fossil fuels. One of the government’s top priorities for developing the marine economy is the production of offshore wind power.
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Recovery Bonds link a country’s borrowing to the targeted deployment of capital, designed to facilitate a low-carbon sustainable recovery that can bring economic, social, and climate priorities together. This paper lays out a prospective blueprint to facilitate the issuance of Recovery Bonds, focusing on two potential use cases: sovereign green bonds as part of issuances financing recovery, and bonds linked to fossil fuel subsidy reform (FFSR).
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Lekela Power is making progress with the construction of an electricity storage system at its Taiba N’Diaye wind farm in Senegal. The independent power producer (IPP), a joint venture between UK investment fund Actis and Mainstream Renewable Power, has selected DNV to conduct the feasibility study for the project. The facility, located in the Tivaouane division, has a capacity of 158.7 MW.
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The Douglas County Public Utility District in Washington State is building a 5-MW pilot renewable hydrogen production facility near Baker Flats, East Wenatchee to provide flexibility to operations at its 774.3-MW Wells Hydroelectric Project. At a recent conference organised by Global Transmission, with support from REGlobal, Gary Ivory from Douglas County PUD presented a case study of the project, highlighting key features of the project.
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After the 2020 recession, the MENA region is expected to witness a delicate rebound in 2021, driven in most countries by commodity prices and exports. After a regionwide average of 3.4% contraction in 2020 – excluding Egypt’s notable 3.6% GDP growth – the region’s economic growth is estimated to rise to 4% in 2021 and 3.7% in 2022.
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Power markets across East Asia — in Japan, South Korea and Taiwan in the Northeast, and Singapore, Vietnam, Thailand, Malaysia and the Philippines in the Southeast — are incredibly diverse. However, they currently all have one thing in common: a strong outlook for power demand. And for many of these markets, renewable energy will play an increasingly important role in fulfilling this.
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ndia’s ministry of power has announced that it will set up a national mission on use of biomass in coal-based thermal plants. This will help address the issue of air pollution arising from stubble burning, which is especially a concern in northern India. The mission will raise the level of biomass co-firing from present 5 per cent to higher levels to promote a higher share of renewable fuel used in thermal plants.
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Posco, a South Korean company and Ørsted, a Danish power company, will collaborate to produce hydrogen from electricity generated by wind energy. The two companies have signed a memorandum of understanding to evaluate the feasibility of producing green hydrogen in Incheon, South Korea, where Ørsted plans to build a wind power plant.
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TRIG, a London-listed investment company, has signed contracts to acquire a 50 per cent stake in two onshore wind farms, Ranasjö and Salsjö, which are in the pre-construction stage. The windfarms are about 20 km apart and share grid and access infrastructure. They are located near Sollefteåand about 100 km from Östersund, in the SE2 Nord Pool price area.
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The global pathway to net‐zero emissions by 2050 detailed in this report requires all governments to significantly strengthen and then successfully implement their energy and climate policies. Commitments made to date fall far short of what is required by that pathway. The number of countries that have pledged to achieve net‐zero emissions has grown rapidly over the last year and now covers around 70% of global emissions of CO2. This is a huge step forward. However, most pledges are not yet underpinned by near‐term policies and measures.
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As seen in the EY Power Transactions and Trends Q1 2019 report, clean energy deals continue to dominate the M&A universe, making up 56% of deal volume and 61% of deal value in Q1 2019. Stakeholders across the power and utilities value chain continue to drive the need for more renewables:
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Indian Renewable Energy Development Agency (IREDA) has invited applications for setting up manufacturing capacities for high-efficiency solar photovoltaic modules under the production-linked incentive (PLI) scheme. As per the document, the applicants are required to set up either a brownfield or greenfield manufacturing facility for the entire capacity allotted under the scheme and are not allowed to set up a mix of both kinds of facilities. They would also be required to submit their response by indicating the yearly PLI values. The deadline for submitting applications is 30 June, 2021.
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