CleanTech Report July 14th 2020 |
NORTH AMERICADuke Energy Renewables Largest Solar Project Now Online In Texas Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), announced that its 200-megawatt alternating current (MWac) Holstein Solar project in Nolan County, Texas, has begun commercial operation. It is the largest solar project in Duke Energy Renewables’ fleet. Total Corporate Funding For Solar Sector Tops $4.5 Billion In First Half Of 2020 Total corporate funding, including venture capital, public market, and debt financing, during first half (H1) of 2020 came to $4.5 billion compared to $6 billion in 1H 2019, a 25 per cent drop year-over-year, according to a Mercom Capital Group report on H1. 2.3 GW Of USA Wind & Solar Projects Get Investment From ENGIE & Hannon Armstrong News from Hannon Armstrong Sustainable Infrastructure Capital (Hannon Armstrong) and ENGIE highlight that they have committed to investing into a massive 2.3 gigawatt (GW) wind and solar power pipeline in the United States. |
LATIN AMERICAWärtsilä Wins 200 MW Power Plant Contract In South America The technology group Wärtsilä will supply a flexible baseload 200 MW power plant to a country in the Northern Andes. The flexibility of the efficient yet fast-starting Wärtsilä solution will provide the grid balancing capability that is essential with increasing amounts of intermittent wind and solar power generation entering the power systems. STI Norland To Supply 474 MW Of Dual-Row Solar Trackers To The Sol Do Sertão Bifacial PV Plant STI Norland, a manufacturer of single-axis solar trackers and fixed structures, is supplying 474 MWp of its solar equipment to a PV project located in Oliveira dos Brejinhos, in the Brazilian state of Bahia. STI Norland’s solar trackers will move towards the sun more than a million bifacial panels, which capture solar irradiance on both sides of the panel. STI Norland accumulates an experience in bifacial projects that exceeds 1 GW. FinDev Canada To Support Lending For 270 MW Of Renewables In LatAm, Caribbean Development Finance Institute Canada (DFIC) Inc, operating under the brand FinDev Canada, said it will provide a loan to support financing of 270 MW of renewable energy projects in Latin America and the Caribbean. |
EUROPEArtificial Island For Windpark Fryslân To Be Built By September Zuiderzeewind, a consortium of Van Oord and Siemens Gamesa Renewable Energy, plans to finish building the artificial island near Kornwerderzand, the Netherlands, in September. The island, which will first serve as the construction stage for the Windpark Fryslân nearshore project and after that as a nature reserve and a bird sanctuary, is located next to a future fish migration river. Owners Of Kilroot Power Station To Invest £600M In Lower-carbon Energy Owners of Kilroot power station near Carrickfergus on Belfast Lough are planning a £600m investment to increase lower carbon generation at the site. As BBC News reports, it includes an existing plan to convert Kilroot from coal-fired to gas-fired. European Parliament Votes Overwhelmingly To Adopt Energy Storage Strategy In Clean Energy Plans The European Union has agreed that energy storage will be vital in its clean energy economy of the future, as Members of European Parliament (MEPs) voted overwhelmingly to adopt a strategy report putting energy storage and hydrogen at the heart of its agenda. |
ASIAAzerbaijan Mulls Measures To Attract Investments In Renewable Energy Sector Azerbaijan’s Energy Ministry has discussed the implementation of the Action Plan on attracting additional investments in renewable energy. The action plan on attracting additional investments in renewable energy was approved at the meeting of the Cabinet of Ministers of Azerbaijan on May 22, 2020. Azure Power & SoftBank Planning Asset, Stake Sale In Indian Solar Businesses Leading Indian renewable energy developers are facing a liquidity crunch due to the COVID 19-induced nationwide lockdown and increased competition from emerging players. The country’s debt-ridden discoms are unable to pay off their dues to the generating companies. This has resulted in sharp increase in the sale of operational assets from various large renewable energy generators in the past few months. Enel Green Power And Norfund Join Forces To Develop Renewable Projects In India The agreement is aimed at boosting the development of renewables in India, in line with the sustainability, decarbonization and renewables targets of the companies and the country’s renewable energy goals. Enel Green Power will be responsible for the development and construction of each project that will be jointly financed and governed by both partners. |
MENAThe Importance Of Ashalim In Israel’s Solar Future Contrary to the negative economic image that some people have rushed to give the Ashalim solar project, it is an experiment that should be hailed as an achievement. On a large plot of barren desert adjacent to Moshav Ashalim, a remarkable, long-term experiment is unfolding. Three independent consortia, each employing a different kind of solar technology, are learning how to operate their giant power plants as effectively as possible under the constantly changing weather conditions. Saudi’s Neom Eyes Global Green Hydrogen Market With $5 Billion JV Saudi companies NEOM and ACWA Power have signed an agreement with US-based industrial gases company, Air Products, to set up a $5 billion green hydrogen-based ammonia production facility powered by renewable energy in the kingdom. The equally owned joint venture would be located within the NEOM master development in north-west Saudi Arabia, and produce green ammonia for export to global markets, Air Products said in a press statement. Egypt’s Renewable Energy To Reach 6.6 GW By Year-End Cairo – Egypt is planning to expand into renewable energy projects in a bid to increase its contribution to the energy mix, the country’s minister of electricity and renewable energy Mohamed Shaker said. Renewable power is expected to add 6.6 gigawatts (GW) by the end of 2020, with plans to reach 8,200 megawatts (MW) after the completion of the renewable energy projects currently under consideration, Shaker added in a statement on Tuesday. |
AFRICAGovernment Paid $65 Million For ‘Non-Existent’ Power The government paid more than Sh7 billion in penalties to investors behind the Lake Turkana wind power project for electricity that was not reaching Kenyans, in what could be the latest mega scandal. The penalties were due to the delayed completion of the Sh28.9 billion 430-kilometre high-voltage power line from the Lake Turkana wind turbines to Suswa sub-station in Narok, which is the country’s main interchange for electricity coming from different sources. AT2ER Ranked 3rd In Ashden 2020 Award For Progress In Renewable Energy Strategy The Togolese Rural Electrification and Renewable Energy Agency (AT2ER) has been ranked third in the Ashden 2020 Prize for its renewable energy development policy. The results of the competition were announced on July 2, 2020 by the British organization Ashden, headed by Prince Charles. EAV Finances SolarX To Support Solar Energy Supply To Businesses SolarX has recently completed a Class A fund raising organised by Energy Access Ventures (EAV), a seed investment fund. Based in Mali, the solar energy provider wants to conquer other markets in West Africa. Good news for SolarX. The solar energy provider based in Bamako, Mali, has just completed a Series A financing. The deal was led by Energy Access Ventures (EAV), a seed investment fund that invests heavily in renewable energy in Africa. |
AUSTRALIAHow Australia’s State Energy Ministers Are Turning The Tables On Angus Taylor Former prime minister Malcolm Turnbull likes to say that we must choose “engineering and economics” over “idiocy and ideology”. The New South Wales energy minister, Matt Kean, has been making the right choices. In December 2018 I singled out NSW for its reckless lack of energy policy. The state, reliant on an ageing coal fleet for 80% of its power, had been shunned by energy investors. New England Renewable Energy Zone To Unlock $12.7 Billion In Green Power Investment A new renewable energy zone for the New England region aims to attract 8000 megawatts of generation capacity, nearly the size of the state’s entire fleet of coal-fired power plants. On Friday, the Berejiklian government will unveil plans for NSW’s second renewable energy zone (REZ), including an investment target almost triple the 3000MW earmarked for its first zone in the Central West. GE Signs Agreement To Develop 500 MW Pumped Hydro Project In NSW Global energy giant GE has signed an agreement to co-develop a proposed 500MW pumped hydro storage project at Dungowan Dam in the New England region of New South Wales. Dungowan forms part of the massive 4,000MW renewables and storage hub being put together by Walcha Energy – in what would be the biggest integrated renewables and storage project in Australia and likely a major part of the new New England renewable energy zone proposed by the NSW state government on Friday. |
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