REM - Renewable Energy
Federal regulators are investigating the recent deadly Texas grid massacre, in which the deregulated and isolated Texas electricity system ground to a halt because of Arctic temperatures. Texas is usually one of the hottest states in the US.
Floating offshore could be the next frontier in wind power development in Asia-Pacific, said Wood Mackenzie, with capex costs set to fall by 40% to average $3mn per MW by 2025-2030.
GE Renewable Energy is to install 15 units of its 4MW-137 wind turbines to the Cau Dat wind farm in Vietnam’s Lâm Đồng Province.
India’s solar and wind growth is not fast enough to meet the government’s capacity targets
The global energy storage market is targeting record expansion in 2021, with annual installations set to break through the 10-GW barrier for the first time.
Norwegian renewable developer Scatec and local partner Nizam Energy have secured a $100mn financial closure for the 150-MW Sukkur solar project in Pakistan’s Sindh Province.
Solar PV capacity additions could be as high as 209 GW in 2021, compared with 141 GW in 2020, new research from Bloomberg New Energy Finance forecasts.
SSE Renewables, Acciona team up to target renewables in Portugal
The US federal government announced on 22 February that it will back the domestic ethanol industry regarding controversial waivers given to oil refineries who were being told to blend biofuels into their petrol.
World Bank to provide $36.5mn for second phase of rehabilitation of Tajikstan’s Nurek hydropower plant
Siemens Gamesa has this week delivered all the components for 17 of its SG3.4-132 turbines that it will install at its 59-MW Goubet wind farm in Djibouti, despite the challenging conditions caused by COVID-19.
West Africa hybrid solar power solutions provider Daystar Power plans to raise about $100m within the next three years to satisfy existing client demand.
Japan is to provide $240mn of development finance to Egypt in a bid to boost green growth and sustainable development while also combating climate change and helping fund the post-COVID-19 recovery.
The US Development Finance Corporation (DFC) and the Shell Foundation have signed a partnership to strengthen their investments in renewable energy in Africa and Asia.