Category: Mega Trends & Analysis

Ambitious proposal to transport solar power from Australia to Singapore

A very ambitious AUD 22 billion project to transport solar power from Australia to Singapore and further into Indonesia has also seen a lot of progress. Called the Australia-ASEAN Power Link (AAPL), this project proposes to combine the world’s largest solar farm and the largest battery storage system to produce solar energy primarily to be transported to Singapore through HVDC subsea electricity cable.

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Role and opportunity for utilities in fleet electrification in the US

Fleet managers face multiple challenges in electrifying their fleets. One of the crucial issues is connecting to a utility’s grid for efficient charging options. Utilities will have a decisive role to play in helping fleet operators go green. They will need to support the deployment of EV charging infrastructure, provide incentives, and upgrade the grid to handle the additional electric load. Utilities have already begun capitalising on the emerging opportunities as more fleet operators explore electrification.

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

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

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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U.S Solar Market Insight 2020

The year 2020 was a record-setting year for the solar industry, and it won’t be the last. The fourth quarter exceeded the prior quarterly record set in Q4 2016 by 22%, with just over 8 gigawatts-direct current (GWdc) of solar photovoltaic (PV) capacity installed. The year ended with a total of 19.2 GWdc installed, an astonishing 43% more than capacity added in 2019 – all in the midst of a global pandemic.

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Denmark’s 10 GW Island in the North Sea: A boost to world’s offshore wind capacity

The island is currently in its initial phase of construction, involving the installation of approximately 200 wind turbines with a combined capacity of 3 GW. The island, which is expected to be operational at full capacity by around 2033, will act as a major renewable energy hub and will supply energy to a staggering 10 million homes. In addition, once fully developed, the energy island will provide enough green fuel to supply all ship and aircraft refuelling in Denmark.

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2020 US Power Report Card: Good Marks for Solar & Wind

Renewable resources surpassed coal in 2020 to become the third-largest source of electricity nationwide according to new government data. Continuing their promising trends from 2019, solar and wind energy again made strong gains across multiple states, accompanied by a steep reduction in total power sector pollution. But we still have work to do—fossil (aka “natural”) gas generation also increased last year and continues to be the nation’s primary source of electricity generation.

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Africa is only tapping into 0.01% of its wind power potential: GWEC

In 2020, 821 MW of new wind power capacity was installed in Africa and the Middle East, bringing total capacity in the region to over 7 GW, which helps to avoid 10.7 million tonnes of CO2 emissions annually – equivalent to taking 2.3 million passenger cars off the road. South Africa installed 515 MW of new wind power capacity in 2020, making it the number one market for new annual installations last year as well as for cumulative installations.

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Challenges hinder Kenya’s prospects for becoming a preferred solar destination

Kenya’s geographical location astride the equator gives it a unique opportunity for a vibrant solar energy market where solar power can be harnessed for generating electricity, lighting, heating and drying. However, the percentage of solar energy harnessed presently is insignificant relative to the potential. Kenya has just 53 MW of contracted solar power capacity which is less than 2% of the total contracted demand of 2,668 MW.

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

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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Egypt’s RE Transition: Focus on becoming a regional energy hub

In order to meet the power demand of the rising population and an expanding economy, Egypt is focusing on increasing the share of renewable energy (RE) in its power generation mix—given the high potential for RE resources particularly solar and wind—and relying less on fuel and gas-based resources, which are depleting and limited. This will also help decrease the country’s overall carbon footprint.

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Nearly 30 GW of new wind power capacity auctioned in H2 2020, a clear signal that growth is back on-track

This influx of auctioned capacity in H2 2020 was led by the world’s largest wind market – China. Although no capacity was awarded in China during the first half of the year, the market recovered formidably beginning in Q3 2020, awarding nearly 12 GW of new wind capacity through auctions. This momentum continued into Q4 2020, with 11 GW of new wind power projects approved in the last two months of the year alone.

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US Battery Storage: California, Texas Lead Amidst Widespread Growth

Energy storage capacity is set to ramp up at a rapid pace in the United States over the medium term. According to the US Energy Information Administration’s (EIA) latest Monthly Generators Statistics from November 2020, the country had just under 1,350MW of utility-scale battery storage capacity in operation, with LS Power’s 250MW Gateway Energy Storage System in California the largest project in operation.

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Hydrogen on top of the agenda for decarbonizing future energy supply

Current forecasts anticipate that demand for hydrogen will continue to steadily increase towards 2050. With so many sectors considering hydrogen as a zero-emission energy carrier or fuel, steady demand from existing off-takers will be augmented by the rise in demand from customers in new sectors. Current data suggest that global hydrogen demand will require additional generation of 35-1,100 TWh per year by 2030, increasing to 300-19,000 TWh per year by 2050.

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