CleanTech Report October 29th 2020 |
M&AFirst Solar Boosted by NuWave Investment Management LLC NuWave Investment Management LLC boosted its holdings in First Solar, Inc. (NASDAQ:FSLR) by 14,966.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,808 shares of the solar cell manufacturer’s stock after acquiring an additional 1,796 shares during the period. NuWave Investment Management LLC’s holdings in First Solar were worth $119,000 at the end of the most recent quarter. Macquarie Fund Buys 622MW Romanian Renewables Portfolio Macquarie Infrastructure and Real Assets (MIRA) said Friday it will acquire a portfolio of Romanian power assets from energy conglomerate, CEZ Group, Kallanish Energy reports. The portfolio comprises a renewable energy platform with 622 megawatts (MW) of primarily onshore wind farms, as well as an 86,665 kilometers regulated electricity distribution network and an electricity and gas supply business with 1.4 million residential and industrial connections in the South West of Romania. Brookfield, CPPIB, NIIF Eyeing Mahindra’s 600MW Slice Of Solar Canada’s Brookfield Renewable Partners (TSE:BEP.UN), Canada Pension Plan Investment Board (CPPIB) and India’s National Investment and Infrastructure Fund (NIIF) have been named as parties interested in buying nearly 600 MW of solar capacity from Mahindra Susten Pvt, Mint reported today, citing two people in the know. |
NORTH AMERICAVistra Invests In New Technologies, Launches Vistra Zero Portfolio Vistra, which is already developing the world’s largest battery energy storage project, the 400-MW/1,600-MWh Moss Landing Energy Storage Facility in California, today announced that it is breaking ground on six new solar projects and one battery energy storage project. These new zero-carbon developments, which are part of a newly launched Vistra Zero portfolio, represent a capital investment of approximately $850 million and are all located in the attractive Texas ERCOT market where Vistra has a leadership position US Switching To 100% Renewable Energy Would Save Hundreds Of Billions Each Year New research in the US has emerged to further support the idea that completely turning to renewable energy would not only help the planet but save the country billions of dollars annually. After numerous attempts by Donald Trump to delegitimise the idea of making the US’s energy sources entirely renewable, he’s yet again been proven wrong. Regardless of the insistence that a swift change to 100% renewable would damage the US economy and is unrealistic, the stats show the complete opposite. Rockefeller Foundation Commits $1 Billion To Green Recovery The Rockefeller Foundation will commit $1bn over the next three years to help catalyse a more inclusive, green recovery from the Covid-19 pandemic, including plans to scale up distributed renewable energy across developing countries, the organisation has said. The aim is to catalyse billions of dollars in private and concessional investments to boost distributed renewable energy in developing countries. |
LATIN AMERICAElectricity Storage Can Play A Crucial Role In Mexico’s Fulfilment Of Its Climate Goals 63 million tons. That is the amount of CO2 emissions that Mexico can cut per year in 2050 if the country achieves an optimal integration of large-scale electricity storage into the energy system. This is the conclusion in a brand new Danish-Mexican study. The reduction is equivalent to almost double the Danish CO2 emissions from energy consumption today. Latin American Developer Clinches 187MW PV Cash Latin American clean power developer Atlas Renewable Energy has secured a $67m loan from IDB Invest and DNB Bank to finance construction of the 187MW Jacaranda solar farm in Brazil. Atlas said the deal marks the first time that a Brazilian solar project has been fully financed in US dollars. The loan was secured from IDB Invest, including the Clean Technology Fund and the Canadian Climate Fund for the Private Sector in the Americas – Phase Two, together with a participation from DNB Bank. Capture Of CO2 And Hydrogen As Part Of Latin America’s Energy Future While struggling to increase the generation and consumption of renewable energy, Latin America is beginning to see the rise of new technologies, such as the capture and storage of carbon and hydrogen from fossil fuels or wind and solar energy. But these technologies require substantial investments and the deployment of infrastructure, which raises doubts about their viability. |
EUROPEDisneyland Paris Embarks On One Of The Largest Solar Canopy Energy Projects In Europe Disneyland Paris is proud to announce that it is building one of the largest solar canopy plants in all of Europe! Pictured below, the solar plant will be developed in collaboration with Urbasolar and will contribute to the reduction of greenhouse gas emissions by more than 750 tons of CO2 per year. It will technically result in enough renewable clean energy to power 17% of the resort – equivalent to the annual energy consumption of a small city! RWE Renewables Joins PPA Pricing Platform PexaQuote PexaQuote models transaction prices for renewable PPAs across different markets in Europe and has recently been updated with new functionalities to help its growing user base tailor pricing to different markets, technologies and contract specifics. Developers and power producers are exploring PPAs, as the renewables industry transitions towards a post-subsidy market, in order to manage transactional risks and secure financing for projects. However, the market is still in its infancy, and many companies, faced with a variety of structurally different PPA hedging strategies, struggle to evaluate which would be the optimal choice for a given project. This slows down individual deals and can prevent accurate benchmarking of pricing and merchant risk. Powering Europe’s Clean Energy Plans The secret to Europe’s success so far has been far-reaching collaboration and strategic thinking, driven by an alliance-approach. Up to the year 2016, the European approach to battery production suffered from two broad, related mistakes. Firstly, we didn’t move quickly enough to build at the large-scale. There was research and innovation, but little to drive major change. Secondly, there was a procurement-led approach to batteries. This is common in many mature European industries and allows companies to source the best components for the best price. However, this would always be Asian manufacturers and is not an approach well-suited to building and establishing a new supply-chain. |
ASIAFacebook To Use Solar Energy To Power Singapore Data Centre In Sunseap Deal Solar energy company Sunseap Group is set to supply Facebook (NASDAQ: FB) with renewable energy to support the tech company’s operations in Singapore, including Facebook’s first data centre in Asia. The transaction with Sunseap will help Facebook reach its goal of supporting its operations in the region with 100% renewable energy and reducing greenhouse gas emissions by 75%. It is expected that these rooftops could total 100MWp of solar capacity when fully completed in 2022. Japan Set To Target Zero Emissions By 2050 In Policy Shift Prime Minister Yoshihide Suga is set to bind Japan to a target for carbon neutrality by 2050, a shift in stance that will bring the country in line with the European Union and more than 60 other nations in efforts to combat climate change. Singapore Deploys Energy Storage Systems To Help Maintain Reliable Source Of Solar Power Supply Singapore has deployed its first utility-scale energy storage system at a substation in Woodlands, said the Energy Market Authority (EMA) on Thursday (Oct 22). Its capacity is equivalent to powering more than 200 four-room HDB households for a day, said the authority in a press release. “Solar is the most viable renewable energy source for Singapore,” said EMA. |
MENAQatar To House The World’s Third-Largest Solar Power Plant Qatar’s 800 MWp Al Kharsaah project will be powered by the world’s most powerful inverters in a collaboration with Sungrow, a China-based high-tech company. Sungrow, the global leading inverter solution supplier for renewables, will support Qatar’s solar power project with the much coveted 1500V string inverter SG250HX. The 1500V string inverter SG250HX is resilient in harsh conditions given its protection capability and smart forced air-cooling technology. UAE-Based SirajPower Signs Green Energy Deal With Choithrams UAE-based SirajPower, a leading distributed solar energy provider, has signed a deal with Choithrams, a leading grocery retailer and food distributor in the Middle East, to help them shift from conventional power to 100% renewable energy. On this occasion, a signing ceremony was recently held at Choithrams’ Head office in Dubai in the presence of Rajiv Warrier, Choithrams’ CEO, Laurent Longuet, CEO of SirajPower and Merzi Sodawaterwala, Founder & Chairman of World Sustainable Business Forum (WSBF). Ducab Unit Lands MBR Solar Park Project Supply Contract Ducab Group, one of the UAE’s largest industrial manufacturing businesses, said one of its key subsidiaries, Ducab HV, has won the contract from Dubai Electricity and Water Authority to supply and install high-voltage cable for Phase V of the Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park). |
AFRICACape Town’s Largest Bus Company Becomes A Net Exporter Of Green Energy This achievement is the culmination of a multiyear collaborative effort between Golden Arrow, New Southern Energy and the City of Cape Town. The bus company in 2017 started the installation of solar panels on the roof of its central engineering complex, Multimech, as part of an ongoing sustainability and carbon footprint reduction initiative. ICEED Powers 12 North East Hospitals With Solar Speaking after the completion of installation at the last beneficiary hospital, General Hospital, Bama, the ICEED Maida Project Advisor, Okechukwu Ugwu, advocated for increased energy access to critical institutions within the conflict affected communities, and maintained that energy access is at the intersection of conflict and peace in the North East. Hitachi Wins Contract For Sub-Saharan Africa’s Photovoltaic Project Hitachi ABB Power Grids has secured a contract from M Couto Alves (MCA) to supply key electrical infrastructure to integrate Sub-Saharan Africa’s largest solar project to Angola’s transmission network. MCA, which is part of the EPC conglomerate MCA Group, secured the contract on behalf of Angola’s Ministry of Energy and Water. |
AUSTRALIASouth Australia To Go 100% Solar As Sun Power Offers World’s Cheapest Energy The state of South Australia is the future. For one hour, on October 11, all of its electricity was generated by solar power, the first time this feat was achieved by any major jurisdiction in the world. So reports Richard Davies of the Australian Broadcasting Corporation. October is a spring month in Australia. Neoen Completes Finance For Australia’s Biggest Solar Farm In Queensland French renewable energy and battery storage developer Neoen says it has completed the financial close of what will be Australia’s biggest solar farm, the 400MW Western Downs Green Power Hub in south-west Queensland. Neoen said in a statement on Monday that the debt for the $600 million project had been provided by a syndicate of seven lenders, comprising Natixis, Société Générale, Sumitomo Mitsui Banking Corp, MUFG Bank, Nord/LB, HSBC and Commonwealth Bank of Australia. Australia’s 26 GW Asian Renewable Energy Hub Plan Gains Momentum Late last week, the proposed 26 GW Asian Renewable Energy Hub (AREH), which is destined to establish Australia as a major global producer and exporter of green energy in the form of hydrogen, secured “major project status” from the federal government. |
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