CleanTech Report August 11th 2020 |
NORTH AMERICAGrid Scale Stationary Battery Storage Market To Hit $40 Billion by 2030 Global grid scale stationary battery storage market is poised to surpass USD 40 Billion by 2030, as reported in the latest study by Global Market Insights, Inc. Growing utilization of renewable energy sources across the globe coupled with stringent government regulations to curb the carbon emission will boost the product adoption over forecast period. Solar PV Mounting System Market To Hit $16 Billion By 2026 Global Market Insights, Inc. has recently added a new report on the solar PV mounting system market which estimates the market valuation for solar PV mounting systems will cross US$ 16 billion by 2026. The provision for various tax rebates along with subsidies to support the design and construction of photovoltaic systems will significantly augment the industry growth. Brookfield Renewable Generates Strong Second-Quarter Results Brookfield recently completed two noteworthy transactions. First, it closed the acquisition of TerraForm Power at the end of July, creating one of the world’s largest publicly traded, pure-play renewable power businesses. The deal will immediately boost FFO, simplify its corporate structure, and strengthen its business in North America and Europe. |
LATIN AMERICADecarbonisation Brings Job Opportunities To Latin America The report found that the transition would kill off 7.5 million jobs in sectors from fossil fuel-generated electricity and extraction, and animal-based food production. However, these would be hugely outweighed by 22.5 million new employment opportunities in plant-based food production, renewable electricity, forestry, construction, and manufacturing. Latin Investor Backs Sunamp’s Battery Vision Thermal energy technology company Sunamp has raised £4.5m in a Series A financing round led by an investor in Latin America who believes it has the opportunity to become a “game-changer in the energy sector”. The company manufactures from its base in East Lothian has developed a range of batteries that deliver hot water, cooling and space heating on demand. Voltalia Turns Sod On 59MW Ventos Serra Do Mel French renewables developer Voltalia has begun construction of a 59MW phase of its Serra Blanca renewables cluster in Brazil. The Ventos Serra do Mel (VSM) 4 wind farm is expected to begin operation in the first half of 2021. Nordex has been chosen to supply the 17 wind turbines to be installed at the VSM 4 site, each with a power rating of 3.46MW. |
EUROPESolar Farm Set To Be Built On 60-Hectare Site Near Skegness A major renewables energy company wants to build a solar farm on a 60.9-hectare site near Skegness. Anesco has applied for East Lindsey District Council to carry out an Environmental Impact Assessment for the site on Low Farm, Old Fen Bank, in Wainfleet. In its application the company says the proposed solar panels would generate around 50megawatts of electricity. This, it says, would be able to power 13,500 average homes and help save 12,000 tonnes of carbon dioxide emissions a year. Petrofac, Storegga To Build New Green Energy Capacity Petrofac, a major service provider to the energy industry, has partnered with Storegga Geotechnologies, a leader in clean energy, to build new energy capability and capacity in the UK, marking a strategic step in Petrofac’s expansion into new and renewable energy. The memorandum of understanding (MoU) supports Petrofac and Storegga to collaborate on potential business development and project initiatives in Carbon Capture and Storage (CCS), hydrogen and other low carbon projects. With an initial focus on the UKCS and North West Europe, the MoU also includes scope for the parties to work together internationally. Waste To Energy Market To Hit $35 Billion By 2024 Waste to energy (WtE) market share is poised for robust growth as call to create energy from waste materials has soared in recent years. Waste to energy is prevalently being recognized as a technology which can help combat climate change. Preferably, diverting waste that would be sent to landfill lowers the amount of greenhouse gases and carbon emissions expelled into the atmosphere. |
ASIAUK-Based Private Investor Actis Acquires 400 MW Solar Projects From ACME UK based private investor Actis acquired 400 MW solar power projects of ACME Solar Holdings ltd. The projects are located in Andhra Pradesh and Madhya Pradesh. Both Acme and Actis did not disclose the deal size. Market experts estimated the deal value to be close to Rs 2,000 crore. India May Ban Chinese Firms From Isa’ Solar Home Power System Tender State run Energy Efficiency Services Ltd (EESL) is conducting the exercise for a potential order of 47 million home power systems, valued at around $28 billion. The first phase will be for 9.3 million home power system—each comprising of a solar panel, battery, LED bulbs, fan and charging port for radio, TV and USB—with the bids to be submitted by 31 October. Singapore’s Equis Development Raises $85M For Asia Renewables Platform Equis Development , a renewable energy and waste infrastructure developer, announced that it has raised 100 billion won ($85 million) with Hana Financial Investment to construct one of the largest waste-to-energy platforms in South Korea. |
MENAEgypt Invests $29M In Upgrading Qalyubia’s Electricity Network The Egyptian Ministry of Electricity and Renewable Energy has invested EGP 470 million in raising the efficiency of the electricity network in Qalyubia in fiscal year 2019/2020. Medium-voltage overhead power lines reached 1,600.782 kilometres (km) in length, while the length of medium-voltage underground cables registered 1,475.002 km and low-voltage overhead power lines amounted to 4,557.001 km, according to a statement on Sunday. Solar, Wind Energy Are Best Alternatives To Fossil Fuel In Oman A study conducted by researchers of the Department of Geography, College of Arts and Social Sciences at Sultan Qaboos University (SQU) has found that both solar radiation and wind are promising and substantial renewable energy alternatives to fossil fuel resources in Oman. UAE Nuclear Power Plant Signals Shifting Priorities In MENA Region The UAE launched its first nuclear power plant, Barakah, on Saturday, August 1. The Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO) developed the $32-billion project. The UAE held the ground-breaking ceremony in March 2011, with the plant due to open in 2017. However, start-up was delayed for what officials said were safety requirements. ENEC released a statement coinciding with Saturday’s launch, saying it was committed to the “highest standards of safety and security.” |
AFRICADigitalisation And Africa’s Renewable Energy Sector Rapid progression in increasingly more affordable storage technologies has enabled renewable energy units to become progressively more reliable. On account of their decentralised nature, renewable projects and low-carbon technologies foster greater community inclusion than their fossil fuel counterparts, while simultaneously increasing the resilience of the energy system, providing a solution that incorporates economic recovery with a decline in emissions. Senegal Government Exempts Renewable Energy Equipment From VAT The Senegalese Ministry of Oil and Energy has recently decided to exempt equipments for the production of renewable energies such as solar, wind and biogas from VAT (value added tax). The government’s measure is aimed at accelerating the electrification of rural areas in Senegal. USTDA Grant To Support Privately Generated Renewable Energy In Nigeria The US Trade and Development Agency (USTDA) has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately generated renewable energy. |
AUSTRALIAGoonumbla Solar Farm Construction Complete And Powering 45,000 Homes Construction of the 69.75 MW ac Goonumbla Solar Farm located 10 kilometres west of Parkes is now complete. Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable utility-scale projects, made the exciting announcement last week. With the plant now connected to the national grid, it will produce about 195,000 MWh of clean energy per year, enough to supply more than 45,000 Australian homes and avoid the emission of 140,000 tons of carbon dioxide annually. Melbourne Airport Building Largest Behind-The-Meter Solar Power Plant In Australia This may be a lousy time for the airline industry, but it is the perfect time for Australia’s Melbourne Airport to look to the future. The largest behind-the-meter solar farm in Australia is under construction at the airport and is expected to be completed by the end of September. When it begins operating in January of next year, the 12.4-megawatt facility is expected to produce 17 gigawatt-hours of electricity annually — enough to power all four passenger terminals. Engie Helps Mining Supplier Cut Costs And Emissions Through Innovative Solar PPA A leading supplier to Australia’s resources sector has looked to solar for a way to cut both costs and emissions, through an innovative power purchase agreement struck with French energy giant Engie. Weir Minerals is a major supplier to Australia’s resources industry, supplying materials, equipment and services to the resources sector, but has made a commitment to cutting its own emissions footprint through the sourcing of renewable electricity from solar farms under a deal with Engie. |
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