CleanTech Report June 23d 2020 |
NORTH AMERICAGoldman Sachs Predicts $16 Trillion Renewables Investment Opportunity By 2030 The prestigious American investment bank and financial services company Goldman Sachs Group expects renewable energy spending to overtake that of oil and gas in 2021 for the first time in history, leading to a total investment opportunity of up to $US16 trillion ($A23.2 trillion) by 2030. Solar Maintenance To Cost $9.4 Billion By 2025 Solar energy repairs and maintenance costs are expected to grow to over $9bn by 2025, according to research by Wood Mackenzie. The analysts said costs will hit $9.4bn by mid-decade as PV power systems nearing inverter end of life rise to 16% of the market (227GW) from about 5% currently. IEA Unveils $3 Trillion Clean Energy Recovery Plan The International Energy Agency (IEA) unveiled on Thursday a sustainable recovery plan. According to IEA and IMF’s analysis, the plan could boost global economic growth by 1.1 percentage points each year over the next three years, and save or create 9 million jobs globally. In order to achieve its goals, the plan would need a global investment of around US$1 trillion annually over the next three years. |
LATIN AMERICALatin America’s Potential Green Hydrogen Economy According to the US Department of Energy, most hydrogen today is produced from fossil fuels, specifically natural gas, but there is also increasing production from electricity including renewable sources such as biomass, geothermal, solar, and wind. JinkoSolar Secures First Project In Latin America For Its Bifacial Modules JinkoSolar Holding Co Ltd, a leading solar photovoltaic (PV) module manufacturer, on Monday reported that it has secured the first project in Latin America to supply its bifacial modules containing transparent backsheets. As per the deal, the company will supply 60.9 MW of solar PV modules for the first industrial hybrid plant, comprising solar and wind energy, in Chile. Challenges And Opportunity For Carbon Neutrality With Geothermal Energy In Chile When analyzing electricity markets in Latin America with similar regulation to the Chilean one, it is quickly found that the development of geothermal energy is stagnant and that existing plants, such as in Mexico, were developed when the electricity sector was controlled by the state or with aid of the state. Everything we do today for geothermal energy will be realized in 5 to 10 more years. |
EUROPEEuropean Parliament Issues Sustainable Investment Rules The European Parliament has adopted new criteria on sustainable investments to help the EU achieve its climate-neutral goals. The legislation comprises six environmental objectives to boost green investments. These include climate change mitigation (avoiding/reducing greenhouse gas emissions or increasing greenhouse gas removal), as well as climate change adaptation (reducing or preventing adverse impact on current or expected future climate, or the risks of such adverse impact). Denmark’s CIP Reaches First Close For $6 Billion Renewable Infrastructure Fund Danish fund manager, Copenhagen Infrastructure Partners (CIP) reached a first close of $1.7 billion from investors that include PensionDanmark and AP Pension in CI IV, which looks to become the largest global renewable energy infrastructure fund — with a target size of $6.2 billion, according to a release. European Parliament Issues Sustainable Investment Rules The European Parliament has adopted new criteria on sustainable investments to help the EU achieve its climate-neutral goals. The legislation comprises six environmental objectives to boost green investments. These include climate change mitigation (avoiding/reducing greenhouse gas emissions or increasing greenhouse gas removal), as well as climate change adaptation (reducing or preventing adverse impact on current or expected future climate, or the risks of such adverse impact). |
ASIATata Power Receives 220 MW Solar Contracts In A Week Tata Power on Friday said it had been awarded the contract to develop a 100 MW solar project in Maharashtra. This follows close on the heels of another 120MW solar plant in Gujarat awarded to the company on June 15. Tata Power’s cumulative renewable energy capacity, including 2,637 MW operational projects, now stands at 3,557 MW. The development comes at a time when it is in the advanced stages to monetise its renewables assets to reduce debts. Kazakhstan To Boost Renewable Energy Capacities In Zhambyl Region Four renewable energy projects will be implemented in Kazakhstan’s Zhambyl region before the end of 2021, regional akimat’s representative told Trend. The official said, a total of 12 renewable energy projects the capacity of which is 269.65 MW currently operate in the region. This includes five hydropower stations (14.7 MW), three wind power stations (54.1 MW), and four solar stations (200.7 MW). Indonesia Working On $1 Billion Solar-Driven Green Economic Recovery Scheme The scheme ultimately entails installing panels with a combined capacity of 1 gigawatt of peak power GWp) a year for millions of Indonesia’s poorest households over the next four to five years. The scheme, dubbed the Solar Archipelago (Surya Nusantara) plan, is expected to cost Rp 15 trillion (US$1.07 billion) annually. |
MENAIran Among World’s Top 5 Power Plant Constructors More than 60 percent of the power plants across Iran have been built by MAPNA, Aliabadi added, saying all of those plants are now in service. MAPNA has also constructed power plants in the other countries, as in Oman, Iraq, Syria, Indonesia, and Pakistan, he noted. Israelis Looking To Harness Local Bromine To Produce Revolutionary New Battery Groundbreaking Israeli efforts to develop an affordable, rechargeable battery to store solar and wind energy using a locally mined resource could put the country at the forefront of the world’s renewable energy revolution in less than three years. MENA Sees Future In New Clean Energy Technology The Middle East Solar Industry Association (MESIA) estimates that between 2019 and 2023, MENA will receive up to $1 trillion in alternative energy investment, as innovators look for sources that are both efficient and environmentally conscious. Saudi Arabia’s energy consumption is estimated to increase threefold by 2030. |
AFRICARenewables Statistics Point To Slow Response To South Africa’s Power Constraints New statistics released by the Council for Scientific and Industrial Research (CSIR) Energy Centre show that South Africa added only 100 MW of additional utility scale renewable-energy capacity in 2019, despite supply-side constraints and an intensive period of load-shedding. Energy Storage Tech Can Ease Africa’s Power Blackout Pain A shift from Africa’s traditional approach to power generation is needed to unleash the continent’s clean energy potential and secure a future free from blackouts. A strategy centred around energy storage and flexible power systems will be the key to guaranteeing the reliability of a high-renewable grid, while also lowering the cost of electricity. Businesses In Ghana And Kenya Sign Up For Free Solar Leases In this challenging time, the programme enables businesses to reduce their operating costs with a free solar plant leasing service. For example, the Kenyan business Wonder Feeds Ltd recently upgraded its factory to accommodate its growing animal feed products business. |
AUSTRALIARenewables Will Power Australia’s Economic Growth As Australia’s recession continues, we need to turn to renewables to power Australia’s economic recovery. The old arguments for building renewables were only about lowering our emissions and looking after the planet. Then the case for building renewables evolved to focus on one thing – they are cheaper. Amazon Signs Biggest Corporate Solar PPA In Australia With Suntop Project Global online shopping giant Amazon has revealed that its previously announced contract to buy 105MW of output from an unnamed Australia solar farm is with the 150MW Suntop facility in New South Wales. Amazon announced in May that it would “build” a 105MW solar farm in NSW as part of a global commitment to build five large scale renewable projects in Australia, China and the US. Iberdrola Australia To Acquire 100% Of Australian Renewable Firm Infigen Energy The Australian subsidiary of Spanish electric utility Iberdrola has announced the 100% acquisition of Australian renewables company Infigen Energy. The acquisition is estimated to cost AUD$840 million (£462.7m) and will see Iberdrola Australia acquire 670MW of wind projects and a wind-plus-solar project portfolio of 1GW. By acquiring Infigen Energy, Iberdrola seeks to expand its green footprint in Australia. |
Dominate the CleanTech Industry by Creating Incredible Value |