CleanTech Report May 13th 2021 |
NORTH AMERICAGlobal Renewable Energy Grew At Fastest Pace In Two Decades In 2020 Globally, around 270 GW of new capacity is forecast to be added this year and nearly 280 GW in 2022, the IEA said in a renewable energy market outlook. Enel Announces Construction Of 1.5 GW Of New Renewables + 319 MW Of Storage Capacity In The US Enel has started construction on five new renewable energy projects in the US including Roseland solar + storage, Blue Jay solar + storage, Ranchland wind + storage, Alta Farms wind project and Rockhaven wind project. Developer Eyes Economically Distressed Communities In Rural Indiana For Up To 1.6 GW Of Solar Capacity Several solar and battery storage projects that collectively have a potential capacity of more than 1,600 megawatts (1.6 GW) are currently in active development, said the company. Many of these projects are expected to be operational by 2023. |
LATIN AMERICAAtlas Renewable Energy Secures Loan For 359MWp Solar Plant In Brazil Latin America-focused solar developer Atlas Renewable Energy has obtained a US$150 million loan to finance the construction of its 359MWp Lar do Sol – Casablanca PV project in Brazil. América Móvil’s Claro Activates New Solar Plant In Brazil Mexican telecom group América Móvil, through its subsidiary Claro Brasil, announced the start of operations of a new solar plant in the Brazilian capital. The project was built in Brasília by Portugal’s EDP, which had already delivered four distributed generation solar plants to Claro Brasil last year. Vestas To Supply Wind Turbines For 212MW Brazil Project Vestas will supply 47 V150-4.2MW turbines for the 212MW project, which is located in the cities of Gentio do Ouro and Xique-Xique. The turbines will be delivered in their 4.5MW power-optimised mode. |
EUROPEMainstream Investors Retain 25% Stake As Aker Deal Closes Mainstream Renewable Power’s long-standing investors have reinvested and retained a 25 per cent stake in the wind and solar energy group as Norwegian investments company Aker closed a deal to take control of the business in a transaction that values it at up to €1 billion. Commission Approves €400 Million Danish Aid To Support Electricity From Renewable Energy Sources The European Commission has approved, under EU state aid rules, a Danish aid scheme to support electricity production from renewable sources. The measure will help Denmark reach its renewable energy targets without unduly distorting competition and will contribute to the European objective of achieving climate neutrality by 2050. BayWa Profits From ‘Brisk Demand’ For Solar Modules In Europe German agriculture group BayWa has said its renewables business saw an “unusually strong” start to the year, driven by high demand for solar modules and the sale of a PV plant in Japan. |
ASIAIndia’s Renewables Growth Halved To 5.62 GW In 2020 India’s renewable capacity addition fell almost 50 per cent year-on-year to 5.62 GW in 2020, according to a new report by the International Energy Agency. KKR-Backed Renewables Platform Buys Solar Portfolio Of Singapore Firm Sindicatum Virescent Infrastructure, a renewable energy platform backed by global asset manager KKR & Co, has acquired the 76 megawatt (MW) India solar asset portfolio of Singapore-based Sindicatum Renewable Energy Company Pte Ltd. India Announces $600 Million Incentives Scheme For Solar Manufacturing The Indian government has announced a new incentive scheme to boost manufacturing in the solar power sector. Through this scheme, the government plans to disburse more than $600 million in incentives over the next five years. |
MENAIsraeli Insurance Company Migdal Invests $355 Million In $355 Million In Global Energy Generation Doral LLC Migdal, an Israeli insurance giant, is expanding into the renewable energy business with an investment in the fellow Israeli firm Doral LLC. Migdal paid about $355 million for a 20% stake in the green tech company. $15 Billion Solar Projects To Kick Off Operations In MENA By 2026 Solar power projects worth more than AED55 billion ($15 billion) will become operational across the Middle East and North Africa over the next five years, said a report released ahead of Middle East Energy Dubai. Renewables To Gain 40% Share Of $250 Billion Power Investments In MENA By 2025 In a recently published report, the Saudi Arabia-based Arab Petroleum Investments Corporation (APICORP) has predicted that the Middle East and North Africa (MENA) energy sector will receive investments worth $805 billion over the next five years. |
AFRICA‘Right Policy Changes’ Could Ignite R150 Billion In Electricity Investment By Private Firms Business Leadership South Africa (BLSA), which is made up of some of South Africa’s largest domestic and multinational companies, estimates that private firms would move to invest billions in new power generation capacity in the near term should the rules governing embedded or distributed plants be changed to support such projects. Construction Starts At SA’s biggest Renewable Energy Project Construction of the Redstone Concentrated Solar Plant (CSP) in the Northern Cape province has commenced. This was announced by ACWA Power, a Saudi developer, investor and operator of power generation and water desalination plants in 13 countries and the lead shareholder in the Redstone CSP. Partnership Puts ESG Front And Centre Of African Renewable Growth Global law firm DLA Piper has partnered with African trade and investment platform Invest Africa to support the development of Environmental, Social and Governance (ESG) best practices in African renewable energy projects. |
AUSTRALIAAustralia’s First Working Solar Panel Recycling Plant Is Up and Running Australia’s first solar panel recycling facility is up and running in Thomastown, Melbourne, a post by Renew Economy explains. Impressive footage of the facility, captured by Gerard O’Laoi, Managing Director at Gedlec Energy Pty Ltd, shows a solar panel crushed for recycling in mere moments by two rollers.
Australia’s Solar Capacity Could Hit 80 GW By 2030 GlobalData says in a new report that solar installations in Australia could grow by a factor of four by 2030. It estimates that the country will reach a solar capacity of 80.22 GW in 2030, from 17.99 GW in 2020.
Rise Of SA Renewables To Deliver Nation’s Cheapest Wholesale Electricity South Australia is expected to have the lowest average wholesale electricity prices in the country by early next year but an Adelaide energy expert says the savings are unlikely to be passed on to consumers in full. |
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