CleanTech Report April 14th 2020 |
AFRICAAfrica’s Uptake Of Renewable Energy Is Moving In The Right Direction The trend is largely driven by solar, with a large pipeline of projects amounting to 1.2 GW expected to come online in 2021 outside South Africa, over double the amount commissioned in 2018. With the right policy framework and investment, Africa could meet a quarter of its indigenous energy needs through renewable sources by 2030, according to the International Renewable Energy Agency. Scatec Starts Up South African Solar The Norwegian company said the facility, the third solar plant at the site, was connected to the grid and operating commercially. This third phase is known as Dyason’s Klip 2, with 86 MW of capacity. AfDB Approves $830,000 To Set Up Green Mini-Grids In The Republic Of Guinea The African Development Bank (AfDB) announced that it had approved a grant of $830,000 (~₹62.95 million) to the Guinean Agency for Rural Electrification (AGER) to help it set up green mini-grid projects in the Republic of Guinea. |
ASIATOTAL Invests $490 Million In Indian Solar Joint Venture TOTAL recently announced that it invested US$ 490 million in a joint venture with Adani Green Energy. The joint venture will host 2.1 gigawatts of operational solar power projects previously fully owned by Adani Green Energy and its subsidiaries. The two companies now hold 50% each in the new joint venture. Singapore Considers Solar Energy Imports To Cut Emissions Singapore is considering importing solar electricity as the city-state looks to diversify its energy supply and meet its goal of cutting net greenhouse emissions to net zero by the second half of the century. Vineet Mittal-Backed Avaada Energy Eyeing Up To $250M Raise Avaada Energy, one of India’s largest solar energy producers promoted by serial entrepreneur Vineet Mittal, is looking to raise $200 million-$250 million to expand and also bid for renewable energy assets, sources have told Moneycontrol. |
AUSTRALIANew Zealand Looks To Add 6.5GW Of Solar As It Heads To 100% Renewables New Zealand electric power transmission operator Transpower believes its generation capacity will be around 95% renewable by 2035 and moving towards 100% by 2050, making use of around 6.5GW of solar capacity. Renewable Energy Jobs In Australia Surge To Record Levels Employment in Australia’s renewable energy sector surged nearly 30 per cent to its highest-ever level following a boom in wind and solar power construction activity in 2018-19. The figures from the Australian Bureau of Statistics showed full-time equivalent jobs in renewable energy rose by more than 5700 to reach 26,850 as every state and territory recorded significant increases. Victoria’s renewable energy industry experienced the sharpest growth in the country, up 72 per cent to 6090 workers, while South Australia increased 41 per cent and New South Wales 25 per cent. RES Buys Contested 100MW Solar Project On Outskirts Of Canberra International renewable energy developer RES says it has bought the 100MW Springdale solar project in the Yass Valley region of NSW – on the outskirts of the national capital Canberra – from Australian-based developer Renew Estate and will seek to navigate the proposal through a heavily-contested planning process. |
EUROPESpain Targets Huge New Wind And Solar Additions As Part Of Stunning Renewables Plan Spain is targeting a stunning renewable energy share of 74 per cent of total electricity by 2030, and 42 per cent of total energy demand, in its new National Energy & Climate Plan (NECP) that has been submitted to the European Union. The plan includes a commitment to install over 2GW of new wind energy capacity and 3GW of new solar capacity each year through the decade to help meet the targets. TOTAL Acquires Global Wind Power France Total through its subsidiary Total Quadran has acquired a 100% stake of Global Wind Power France to accelerate its growth in renewable energy in France. Global Wind Power France owns a 1000MW portfolio of onshore wind projects, including 250MW scheduled to come on stream by 2025. Pexapark’s “Linkedin For Renewables” Goes Live Swiss software and advisory services company Pexapark this week announced the launch of a new free-to-use community platform that allows renewable energy-focused businesses to virtually meet and communicate their activity. |
LATIN AMERICABrazil Faces Indefinite RE Auctions Delay Of Over 51GW The Brazilian government has postponed the national energy generation and transmission auctions of clean energy comprising more than 51 GW which were scheduled for May this year, for an indefinite time frame, said the report. Greenbriar Secures EPC Contractor For Puerto Rico Solar Project Canadian renewables developer Greenbriar Capital Corp (CVE:GRB) has found the engineering, procurement and construction (EPC) contractor that will realise its 80-MW to 160-MW AC Montalva solar-plus-storage project in Puerto Rico. Renewable Developers Criticize Chile Regulatory Changes Representatives of several Chilean renewable companies are voicing concerns about the way the country’s authorities have changed regulations to respond to last year’s massive social unrest and the coronavirus crisis. |
MENAIran Dominates Mideast’s Renewable Power Capacity Iran dominated the Middle East’s renewable production capacity which rose 13 percent to 22,710 megawatts (MW) last year, the International Renewable Energy Agency (IRENA) says. Iran accounted for 57 percent of the Middle East’s total in 2019 and 63 percent in 2018, the agency said in a report. Saudi Arabia Shortlists Bidders For 1.47GW Of Solar, Includes 2.7c/kWh Bid Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has announced the shortlisted bidders for the second round of the country’s National Renewable Energy Program, which included a lowest bid of SAR 0.0609042/kWh ($A0.027). With 1.47GW of capacity up for offer across six solar projects the second round of Saudi Arabia’s National Renewable Energy Program was broken up in to two categories, A and B, the first with 70MW on offer, and the latter with 1.4GW on offer. Consortium Completes Financial Closure For $400M Oman Solar Power Plant A consortium consisting of Saudi-based Acwa Power, Gulf Investment Corporation (GIC) and Alternative Energy Projects Company (AEPC) has achieved financial closure for the 500MW Ibri II solar project in Oman. |
NORTH AMERICAVirginia Passes 100% Clean Power Mandate Gov. Ralph Northam has signed the Virginia Clean Economy Act, which requires the state’s utilities to switch to 100% clean energy by 2050, while also adding 16 GW of solar and onshore wind, 3 GW of energy storage and the closing of all the state’s coal power plants by 2024. Avangrid Prices $750M Notes Offering To Support Renewables US sustainable energy company Avangrid Inc (NYSE:AGR) has priced USD 750 million in aggregate principal amount of 3.200% notes, in a drive to raise funds for renewables development. Ikea Parent Firm Acquires Stake In 403MW US Solar Projects The Ingka Group (owner and operator of 380 IKEA stores in 30 countries), has taken over two solar PV projects in the US worth a combined 403 MW generation capacity. |
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