REM - Renewable Energy
El Nino effects could add to polycrisis woes this year
The World Meteorological Organisation announced on July 4 that there is a 90% probability of an El Niño event in the second half of this year. That could have a major negative impact on some Emerging Markets.
Demand soaring, market responding for critical minerals – IEA
Record deployment of clean energy technologies such as solar PV and batteries is propelling unprecedented growth in critical minerals markets, according to a new report by the International Energy Agency.
“Turbinegeddon” could hit wind turbine manufacturing sector – analyst
“Turbinegeddon” could hit the wind sector, say analysts at Bernstein. They cited recent problems by Siemen’s Energy’s subsidiary Siemens Gamesa, which have rocked the wind industry.
Canary Islands green hydrogen projects wins EU grant
Stargate Hydrogen Solutions OÜ has won a grant from the European Commission as part of the Horizon Europe programme. The grant aims to support Stargate in providing an electrolyser for an offshore wind energy initiative in the Canary Islands.
Ignitis, Ocean Winds provisional winners of Lithuanian offshore wind tender
Ignitis Renewables and Ocean Winds submitted the highest development fee at the tender for the 700-MW Lithuanian offshore wind project. They are expected to be announced provisional winners.
Capital Power secures 1 GW of First Solar modules
Capital Power Corporation has secured its first order for around 1 GW of ultra-low carbon thin film solar modules from First Solar.
5 GW offshore wind zone announced off Australia
Australia’s federal government has declared a 5-GW offshore wind zone off New South Wales, the country’s second.
Aquila, Trina sign 800-MW solar supply deal
Aquila Group of Germany has inked a framework agreement with Trina Solar for the supply of 800 MW of solar photovoltaic modules for the south of Europe, reports ReNews.
Permitting starts for offshore wind transmission in Black Sea
Black Sea Oil & Gas and its Midia Gas Development Project partners, Petro Ventures Resources and Gas Plus Dacia, have started the permitting process for a power corridor to connect future offshore wind farms to the Transelectrica national power grid.
Oil majors win in German 7-GW offshore wind auction
Oil companies BP and TotalEnergies have won offshore wind tracts in a German auction. The developers offered the highest fee per project. This format of ‘negative bidding’ was controversial.
France boosts tidal sector with €65mn and revenue support for FloWatt
Ocean Energy Europe (OEE), the trade group, hails the French government announcement of at least €65mn ($71.5mn) of funding, plus dedicated revenue support, for the pioneering tidal energy pilot farm FloWatt.
CS Wind buys Bladt
South Korean wind turbine tower manufacturer CS Wind will purchase Denmark’s Bladt Industries from Nordic Capital. Bladt makes substructures for offshore wind turbines.
US utility approved to build multi-day battery storage at solar site
Xcel Energy has received approval to construct a multi-day energy storage system that will help maximise the company’s use of renewable energy and maintain grid reliability through extreme temperatures and weather.
Avangrid attains 8.6 GW of US wind and solar capacity
Avangrid has reached a capacity of 8.6 GW through its more than 70 wind and solar facilities in operation in the US, generating electricity equivalent to powering more than 2.8mn homes with green energy.
Clean energy keeps Texas grid resilient during heatwave
The clean energy industry made record contributions to the electric grid in Texas, powering – and cooling – Americans’ homes while keeping costs low during the most recent heatwave.
Istanbul-listed Arcelik launches solar panel production plant
Arcelik (ARCLK), a unit of Koc Holding (KCHOL), has launched a photovoltaic solar panel production plant in Beylikduzu district of Istanbul, according to a press release from the company.
Bosnia’s Solar Park-Livno to build Nase Sunce solar plant
Bosnia & Herzegovina’s private company Solar Park-Livno will build the Nase Sunce solar farm in the town of Livno, after being granted a concession contract by the local authorities.
ProCredit Kosovo inaugurates 3-MWp solar power plant
ProCredit Bank Pristina, a Kosovo unit of the Germany banking group, has opened on July 10 its 3-MWp photovoltaic plant as a significant step towards sustainable development.
India’s largest fuel retailer to take lead in green hydrogen production
The director of Indian Oil Corporation’s research and development (R&D) division, SSV Ramakumar, has said that his firm aims to convert a full 50% of hydrogen used by the firm to green hydrogen by the end of the decade.
CATL improves EV battery charging, secures large-scale lithium supplies
At an industry event in the commercial capital, Shanghai, CATL's senior scientist, Wu Kai, was reported as saying that new materials had been developed with the potential to improve the current levels of charging efficiency of lithium batteries.
Solar starting to claw back on China’s power output rankings charts
After years of wind installations off China’s coast making headlines, and just a week after news of another record-breaking turbine of 16 GW having been installed in the nation’s south-east hit the front pages, solar has started to fight back.
Wind power site on Sea of Japan doubles as tourist spot
Three large-scale wind turbines currently being positioned just off the coast of Nyuzen, a small town in Japan’s Toyama Prefecture, in the Hokuriku region of the country, are attracting attention for all the right reasons.
Myanmar’s nuclear ambitions edge closer with Russian help
At a first official meeting of a committee created to work towards the ‘Intergovernmental Agreement between Russia and Myanmar’, discussions reportedly centred on how and where to construct a first ever nuclear power plant for the country.
CIP raises €5.6bn for renewables projects
Copenhagen Infrastructure Partners (CIP) has reached first close on its fifth flagship fund Copenhagen Infrastructure V (CI V) at €5.6bn ($6.2bn) in capital commitments.
Floating solar catches on
Floating solar, possibly a solution to land constraints for renewable energy, is catching on. Asia-Pacific leads the demand.
India aims to produce the lowest priced green hydrogen in the world
The minister said: “our cost of setting up renewable energy capacity is the lowest in the world. It stands at $600,000 per MW; therefore our green hydrogen cost will be the lowest in the world.”
Turkey plans to invest $200bn in energy to reduce foreign dependency
Turkey plans to invest up to $200bn in energy projects by 2035 to reduce the country’s dependency on foreign resources, new Energy Minister Alparslan Bayraktar has said.
Ukraine interested in LNG transportation via Bulgaria, joint renewable energy projects
Ukraine is interested in the transportation of liquefied natural gas via Bulgaria and its storage at the Chiren facility, as well as in joint renewable energy projects with Bulgaria.
Bosnia, Montenegro set up joint body to decide on Buk Bijela HPP construction
Montenegro and Bosnia & Herzegovina have set up a joint working group to resolve issues related to the launch of construction of the Buk Bijela hydropower plant on the Drina River.
Renewables rollout in energy-deficient South Africa stymied by lack of skills, grid constraints
Zimbabwe's industrial electricity users to raise $250mn for first phase of 1-GW floating solar project
Kakhovka HPP disaster drained 80% of dam's water supply and destroyed ecosystems
The explosion at the Kakhovka hydroelectric power plant drained 10 cubic kilometres of water, equating to 80% of the dam headwaters, Ukraine Business News reported on July 6.
Wind farm to start operation in Serbia’s South Banat by early 2025
A new wind farm in Serbia’s region of South Banat is planned to be connected to the electricity grid by early 2025.
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