CleanTech Report August 4th 2020 |
NORTH AMERICAApple Commits To Neutralize Its Carbon Emissions By 2030 This marks another historic decision towards making our planet safer and greener as apple initiates the trend of returning to the earth by investing in renewable energy projects. This would result in less carbon in our atmosphere and will compel a lot of other tech giants as well as business tycoons and states to work for the elimination of excess carbon and global warming. AES Takes Stake In Australia’s 5B Solar Looking To Supply World’s Biggest Project US energy giant AES has anchored the latest fund-raising round for Australia solar start-up 5B, which has developed rapidly deployable solar technology that could be used to build the world’s biggest solar farm in the Northern Territory. The Sydney-based 5B has developed the revolutionary Maverick design system that enables solar to be deployed three times faster than conventional solar arrays and deliver twice the output from the same geographic footprint. EDF Makes 200MW Solar Power Play In Nevada EDF Renewables North America has signed a 22-year power purchase agreement (PPA) with NV Energy for the supply of electricity from the future Chuckwalla solar farm in the US state of Nevada. The 200MW project, which will be integrated with a 180MW four-hour battery storage system, will be developed, built and operated by EDF Renewables. |
LATIN AMERICABrazil’s State-Owned Eletrobras To Invest $1 Billion A Year Through 2035 Brazilian state-owned power company Eletrobras plans to invest 6 billion reais ($1.1 billion) per year until 2035 expanding its power generation and transmission, according to a long-term strategic plan released on Saturday. That could more than double, to 12.6 billion reais a year, if the government is successful in privatizing the company, Latin America’s largest electricity company said in a securities filing. Argentinian Agribusiness Lent $100M For Green Projects An agribusiness company in Argentina has been granted a loan totalling $100 million (£78m) to implement efficiency and climate-related approaches in its business. The loan has been approved by IFC, a member of the World Bank Group, for Adecoagro’s investment programme, which includes the acquisition and efficiency improvements of two dairy processing facilities. Chile Lifts Renewables Output In June And Capacity Nears 6GW Chile’s renewables generated 1,168 GWh of power in June, which amounted to 18.2% of the country’s total monthly production, according to the latest report by the Chilean national energy commission (CNE). The renewable energy plants, excluding large hydro, increased their output by 3.6% year-on-year and by 2.8% compared to May. Their share in the total improved from 17.7% where it stood a month back. |
EUROPELargest Floating Solar Park In Europe Connected To Grid In Netherlands The largest floating solar power park outside of China was recently completed in the Netherlands by BayWa r.e.’s Dutch subsidiary GroenLeven. It is expected to provide energy for 7,200 homes. And it was built in just 7 weeks. More than 18 hectares in size, the solar power plant, Zonnepark Bomhofsplas, has 72,000 solar panels. A consortium of Energiefonds Overijssel, Blauwvinger Energie, and a private investor will buy the solar farm. Octopus Renewables Acquiring France Solar Portfolio Octopus Renewables Infrastructure Trust has signed a share purchase agreement for the acquisition of a 100% interest in a portfolio of operational solar photovoltaic assets across France, it announced on Friday, for cash consideration of €58.9m (£53.4m). Credit Suisse Earmarks More Than $300 Billion For Sustainable Finance Credit Suisse plans to provide at least 300 billion Swiss francs ($328.41 billion) in sustainable financing over the next decade in areas such as renewable energy and Green Bonds. |
ASIAIn Terms Of Renewable Energy Usage, Korea Lags Behind Most Of The World South Korea generates relatively little power from renewable energy, lagging behind most of the world’s countries, a report showed Sunday. According to the data compiled by France-based energy consulting firm Enerdata, renewable energy-based power generation accounted for only 4.8 percent of the nation’s net power generation, putting Korea 40th among 44 nations. Australia Fast Tracks $16 Billion USD Solar Power Project For Singapore Australia’s plan to fast track the approval process for a A$22 billion project to export solar power to Singapore could help it secure financing earlier than planned, the project’s boss said on Thursday. The ambitious Australia-Asean Power Link project, run by Singapore-based Sun Cable, plans to supply solar power to Singapore and eventually Indonesia via the world’s longest subsea high voltage cable. Tata Power To Focus On Renewables For Future Growth Tata Power will focus on the renewable front for future growth and aims to raise its green energy portfolio to 50 per cent. The company’s growth will be concentrated in renewables, distribution and transmission of power along with new and value added business including rooftop solar, smart metering, micro-grids in rural areas and setting up EV charging stations, Tata Power said in a statement. |
MENASaudi SABIC To Build World’s First Renewable Power Chemical Plant SABIC plans to build a chemical plant in Spain fully powered by renewable energy in what is the first project of its kind anywhere in the world. The polycarbonate facility in Cartegena is expected to be fully operational by 2024, powered by a 100MW PV solar plant. The deal will see Iberdrola, one of the world’s biggest electricity utility companies, invest almost €70 million to install 263,000 panels, on land owned by SABIC, making it the largest industrial renewable power plant in Europe. Bee’ah Launches Region’s First Solar Energy Landfill Project Bee’ah, a leading sustainability pioneer in the Middle East region, has announced plans to convert 47 of Al Saja’a landfill area into a state-of-the-art solar energy facility in Sharjah once the landfill is capped. This is the first of its kind in the region solar energy landfill project set to generate more than 42 megawatts of energy per year. Region’s Largest Wind Farm Receives First Batch Of Turbines Dumat Al Jandal utility-scale wind farm in Saudi Arabia has received 20 wind turbines at Duba Port. The $500-million project was awarded to a consortium led by EDF Renewables in collaboration with Masdar in January 2019. The turbines, consisting of towers, blades, and nacelles, will be assembled at the Dumat Al Jandal site situated 900 kilometres north of Riyadh, Emirates News Agency (WAM) reported on Wednesday. |
AFRICAZim Targets $3 Billion USD Power Exports Zimbabwe’s emerging power projects have the potential to earn at least US$3 billion in annual energy exports from the current position of energy insufficiency, Mines and Mining Development Minister Winston Chitando has said. World Bank Approves $300M For Promotion Of Electricity Trade In West Africa An amount of $300-million has been approved by the World Bank Group from the International Development Association (IDA) credits and grants to support reforms that will help promote electricity trade in west Africa. Africa-Based REDAVIA Gets $1.73M Loan to Expand its Solar Power Leasing Model African solar developer REDAVIA announced that it received €1.5 million ($1.73 million) as its first catalyst loan from Energy and Environment Partnership Trust Fund (EEP Africa). REVADIA develops solar projects for businesses and communities in East and West Africa. It also provides solar power leasing models for its commercial & industrial (C&I) and small and medium scale enterprises (SME) in Kenya and Ghana. The investment would enable further expansion of REDAVIA’s solar power leasing model. Solar leasing is third-party based financing and operating model for solar systems which does not involve upfront payments. |
AUSTRALIARooftop Solar Market Surges To New Records As Australia Hits 2.5M Installs Australia’s rooftop solar market has defied the disruption caused by Covid-19, setting new installation records in the month of July, and pushing Australia past 2.5 million total rooftop solar installs. According to an analysis prepared by Sunwiz, growth in rooftop solar systems has continued at record-smashing pace, with 275MW of small-scale rooftop solar capacity (under 100kW) installed in the month of July alone, and new state records set in NSW, Queensland, Victoria and South Australia. Chevron To Build 500MW Wind And Solar To Power Facilities In Australia US oil giant Chevron has become the latest fossil fuel production giant to plan significant investments in wind and solar capacity, in what seems initially as a token gesture towards lowering emissions but could involve a more significant commitment down the line. It has announced a deal with Canada-based renewable energy developer Algonquin to build 500MW of wind and solar installations to help power its facilities in Western Australia, as well as Argentina, Kazakhstan and in Texas and New Mexico in the US. Australia Sees $10 Billion Opportunity To Harness Solar And Wind Australia will need to invest A$14 billion ($10 billion) in grid infrastructure to integrate a surge of wind and solar capacity as the transition away from coal-fired power gathers pace, according to the energy market operator. Almost two-thirds of coal-fired generation will have retired by 2040, with the gap to be filled largely by solar and wind, the Australian Energy Market Operator said in the latest update to its long-term system plan. The variable supply provided by renewables will need to be coupled with other technologies such as pumped hydro and big batteries. |
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