Tag: renewable energy

SUSI Partners invests in utility-scale renewables projects in the Philippines

SUSI Partners invests in utility-scale renewables projects in the Philippines

April 8, 2024 |

SUSI Partners has signed an investment agreement with experienced Southeast Asian developer Alba Renewables through the SUSI Asia Energy Transition Fund to support the development, construction, and operation of utility-scale ground-mounted solar PV and onshore wind projects in the Philippines. Through the purchase, SUSI will assist Alba’s broader growth objectives throughout Southeast Asia and contribute to the development of a regional utility-scale renewables platform with an emphasis on the Philippines.

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US Solar Market Remains Heavily Reliant on Imported Goods

US Solar Market Remains Heavily Reliant on Imported Goods

April 8, 2024 |

The US currently has the makings of a strong solar manufacturing supply chain, but increased support is critical to regain solar manufacturing competitiveness. Filling these support gaps is possible, and in doing so, the US can improve its energy security and market leadership as the world increasingly looks to solar PV technology to generate low cost electricity in the face of the continuing climate crisis. Strong, consistent, and unwavering policy support for domestic solar manufacturing can lay the foundation to make the US, the nation that invented solar modules, a leader in modern solar energy manufacturing.

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Global Green Hydrogen Economy: Learnings from the Berlin Energy Transition Dialogue

Global Green Hydrogen Economy: Learnings from the Berlin Energy Transition Dialogue

April 8, 2024 |

Given its potential to decarbonise hard-to-abate industries such as cement, steel, fertilisers and chemicals, there was significant excitement regarding the evolving global green hydrogen landscape at the recently held 10th edition of the Berlin Energy Transition Dialogue (BETD). Representatives from various countries discussed their respective countries’ plans and projects in the green hydrogen space. They also shared insights gained from their initial experiences.

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Decarbonization Pathways for the US: Report

Decarbonization Pathways for the US: Report

April 5, 2024 | ,

Beyond 2035, expanding renewable energy sources, end-use electrification, moderate fuel switching to hydrogen, and carbon CDR technologies are the predominant cost-minimising strategies to achieve net-zero emissions. Notably, source switching, both to electricity and hydrogen, in the transportation and industrial sectors are focal points for divergence between the Current Policy and Net Zero scenarios.

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Tasmania’s Energy Storage Potential: Report

Tasmania’s Energy Storage Potential: Report

April 5, 2024 | ,

Tasmania could significantly reduce its energy costs by optimising its energy assets: importing more cheap electricity, exporting more high-priced electricity, and slashing electricity costs of residential and commercial buildings. Batteries could help Tasmania cost-effectively increase both imports and exports of energy, while a broader review of market incentives and rules may be required to optimise the opportunity represented by water hoarding.

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De-Risking EV Lending in India: Report

De-Risking EV Lending in India: Report

April 5, 2024 | ,

Despite the growing adoption of EVs in India, the availability of accessible and affordable financing remains one of the major challenges for the widespread transition to e-mobility. From the perspective of financiers, lending for ICE two- and three-wheelers is a difficult business because the borrower profile consists of many new-to-credit customers who are learning to adapt to formal credit cycles and typically have a history of significant delays in payments.

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Prevalon Energy secures contract for BESS project from Idaho Power

Prevalon Energy secures contract for BESS project from Idaho Power

April 2, 2024 |

Idaho Power has chosen Prevalon Energy, a Mitsubishi Power Americas subsidiary, for a four-hour battery energy storage system (BESS) project with a maximum capacity of 328 MWh in Idaho. The project is planned in accordance with Idaho Power’s plan to include over 5 GW of electricity generated from solar and wind farms over the course of the next 20 years.

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U.S. Renewable Energy M&A: Review of 2023 and Outlook for 2024

U.S. Renewable Energy M&A: Review of 2023 and Outlook for 2024

April 1, 2024 |

Entering 2023, renewable energy mergers and acquisitions (“M&A”) faced significant headwinds, including sustained high interest rates, inflationary pressures, supply chain constraints, government support program uncertainty and grid reliability. As a result, renewable energy deal volume declined significantly in 2023 from 2022 levels. Despite these challenges, investor optimism grew during the back half of the year with easing supply chain bottlenecks and legislative clarity on the $369 billion energy and climate spending earmarked by the Inflation Reduction Act (“IRA”).

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Ireland’s Offshore Renewable Energy Technology Roadmap

Ireland’s Offshore Renewable Energy Technology Roadmap

April 1, 2024 |

Ireland has access to a huge offshore renewable energy (ORE) resource to help decarbonise the economy. Indeed, Ireland’s ample scope for ORE deployment means that ORE can potentially provide far more energy than is needed by the people and businesses of Ireland, and Ireland has the potential to export significant low-carbon power to consumers across Europe. 

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South Korea’s transition away from fossil fuels is delayed

South Korea’s transition away from fossil fuels is delayed

April 1, 2024 |

South Korea’s energy security policies and business strategies have been misconstrued to focus on securing fossil fuels for power supply stability and affordability.  South Korea’s transition away from fossil fuels has been slow, despite ambitious targets set in its Nationally Determined Contribution (NDC) to reduce fossil fuel use in the power sector to 23.7% and increase renewable energy to 30.6% by 2036. In 2023, fossil fuels still accounted for 58.5% of the power mix, while renewable energy contributed only 9.64%.

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Building Resilient Biomass Supply in US: Report

Building Resilient Biomass Supply in US: Report

March 29, 2024 | ,

This report “The Plan to Enable the Bioeconomy in America: Building a Resilient Biomass Supply” by USDA focuses on systems of production of biomass as raw material and its preprocessing into feedstocks for many diverse types of biomanufacturing and biobased products in the U.S. bioeconomy. Some of these systems are well-established and primed for expansion, while others are newly emerging. 

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Future of UK’s ECO: Briefing

Future of UK’s ECO: Briefing

March 29, 2024 | ,

The energy company obligation (ECO) is the government’s flagship fuel poverty alleviation programme, and one of the main pillars to improve overall energy efficiency. Changes to the scheme have led to a fall in the number of installations. Reform of the programme is needed to ensure it can play a central role in meeting the UK’s statutory target to end fuel poverty by 2030. ECO’s ability to act as a vehicle to deliver home upgrades has proved successful in the past.

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Recurrent Energy acquires 420 MWp solar portfolio in Spain

Recurrent Energy acquires 420 MWp solar portfolio in Spain

March 22, 2024 |

Recurrent Energy, a subsidiary of Canadian Solar Inc has acquired a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp. The recently acquired portfolio is located in Carmona, a municipality in Seville (Andalusia) and consists of a cluster of four projects, Rey I, II, III and IV, with an aggregate capacity of more than 420 MWp.

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Korkia and Econous Green Energy to develop 600 MW of solar in Romania

Korkia and Econous Green Energy to develop 600 MW of solar in Romania

March 19, 2024 |

Korkia, a Finnish renewables investor, has teamed with Romania-based Econous Green Energy to build 600 MW of solar energy capacity in Romania. By 2025, the partnership’s first projects are expected to be licenced and ready for construction. A 600 MW photovoltaic system generates 780,000 megawatt-hours of power.

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Microsoft to buy power from 110 MW solar project in Illinois

Microsoft to buy power from 110 MW solar project in Illinois

March 19, 2024 |

EDP Renewables North America (EDPR NA) and Volt Energy Utility have recently announced a 110 MW solar project in Illinois, sponsored by software giant Microsoft Corp. The partnership is commencing the development of Hickory Solar Park near Jerseyville, Illinois. Microsoft and Volt Energy have designed an environmental justice power purchase agreement (EJ PPA) form, and Microsoft will purchase power and renewable energy credits (RECs) from the project for a period of 15 years.

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