CleanTech Report November 10th 2020 |
M&ANextEra Energy In $15 Billion Bid For Evergy NextEra Energy Inc, the world’s largest producer of wind and solar energy, has made a roughly $15 billion all-stock acquisition offer for U.S power utility Evergy Inc, people familiar with the matter said on Monday. Evergy turned down the offer in recent days and it is unclear whether NextEra will make a new approach, the sources said. Esdec Acquires PanelClaw Esdec, the leading global rooftop solar mounting solutions provider, announced today that it has acquired PanelClaw, the largest supplier of solar mounting systems for commercial roofs in the U.S. With the acquisition of PanelClaw, Esdec expands its customer base and portfolio of products available to the growing commercial and industrial (C&I) solar market. The PanelClaw acquisition is the European group’s fourth in the US solar mounting market in the past three years and its first acquisition in the commercial market segment. Today, the combined group generates revenues in excess of $300 million annually and employs over 250 people worldwide. The terms of the PanelClaw acquisition were not disclosed. Paris Investor Takes Controlling Stake In Irish Solar Developer PCRE Paris-based investor in private equity and infrastructure Omnes has acquired a controlling stake in the Irish solar PV developer Power Capital Renewable Energy (PCRE) for an undisclosed sum. With Omnes’s backing, PCRE will focus on developing and building a 500 megawatt (MW) solar PV portfolio in Ireland – it was awarded a feed-in tariff for four projects in the first auction under the Government’s renewable electricity support scheme (RESS-1) in August, and is set to be a dominant player in the emerging Irish solar sector over the next decade. |
NORTH AMERICATesla Expanding Into Solar Microgrids And Virtual Power Plants Elon Musk says he expects Tesla’s energy business will one day be equal to or exceed its automotive business. That day may be some time in the future but the company is clearly expanding its solar and battery operations rapidly, both for grid scale and residential applications. Leyline Renewable Capital Surpasses 4GW of Renewable Energy Projects And $100 Million In Capital Committed Leyline Renewable Capital, a leading provider of pre-construction debt and equity capital for renewable energy development, today announced its projects have collectively surpassed 4GW of potential renewable energy generation, representing more than $100 million in development capital commitments. Since inception, Leyline has financed the development of more than 40 projects across anaerobic digestion, solar power, wind power, battery storage and landfill gas, which will lead to the reduction of 5.9 million metric tons in greenhouse gas emissions. New JV To Expand Battery Storage Solutions In SoCal Voit Real Estate Services signed an exclusive agreement with Tangerine Energy to lease or acquire 50 industrial warehouses or land sites per year over the next five years to house battery storage centers. These facilities would be located in areas with dense population, where energy pricing is highly volatile. |
LATIN AMERICAVestas Lined Up For 500MW Latin America Order Vestas has signed a conditional agreement to supply turbines totalling over 500MW to a wind farm in Latin America. No details were given of the total size, client or project at this time. Vestas would only say the agreement for a wind farm in the region with a total capacity above its “defined announcement threshold of 500MW”. JV Aims To Tap Into Latin America’s Renewable Potential With Gigawatt-Scale Cryogenic Energy Storage London headquartered Highview Power has entered into a joint venture agreement to co-develop 50MW/400MWh and 100MW/800MWh cryogenic energy storage projects in Latin American with Chile’s backup power generation provider Energía Latina S.A.-Enlasa. The joint venture, named Highview Enlasa, aims to open up the Latin American energy markets to baseload renewable energy potential by pairing long-duration storage to renewable energy sources. Enel Green Power Assets Valued At Up To $7 Billion USD For Enel Merger As the process continues to merge the Chilean subsidiary of Italian giant Enel Américas with the Latin American assets of Enel Green Power, the latter’s assets have been valued at up to US$7bn. A series of reports requested by Enel Américas from independent auditors put the renewable energy company’s value at between US$5.7bn and US$7.03bn. The highest estimate was provided by auditor Pablo D’Agliano. |
EUROPEUniper Sells Some German, Nordic Power Ahead At Above-Market Prices German utility Uniper has sold large volumes of its future German hydropower output as well as Nordic nuclear and hydropower at above-market prices, slides for an analyst call showed on Tuesday. Alongside its third-quarter results, the company disclosed it had sold 95% of its German hydropower output for 2021 and 80% for 2022 at average prices of 46 euros ($54.38) and 48 euros per megawatt hour (MWh) respectively. Europe Will Lose The Energy Storage Race Unless Governments Incentivise Flexible Power Europe’s energy storage outlook is beginning to pale in comparison to its global counterparts. As deployments are ramping up in major markets, particularly the US and China, it is almost impossible to imagine similar developments occurring in Europe. Europe will continue to possess higher proportions of variable renewable energy –wind and solar – than any other region in the world. We have already witnessed low and negative power prices in the region during coronavirus lockdowns earlier this year as a result of variable renewables. European Energy To Build Largest Solar Farm In Northern Europe Last week at the local council in the municipality of Aabenraa, Southern Jutland, Denmark, a massive majority greenlit European Energy’s plans to build the biggest solar farm to date in Northern Europe. The facility is to be placed nearby future data centres as well as a major regional transformer station and will deliver enough green power to supply more than 75 000 Danish households. |
ASIASecond Phase Of The Solar Power Unit At The Water Treatment Plant In Bhandup Begins In a bid to ease the burden of huge tariff towards electricity used at the Bhandup water treatment plant, the BMC has started the second phase of setting up of solar power plant on the reservoir of the facility complex for Rs. 11.23 crore. Civic officials are confident that the project will help save crores of rupees the administration has been spending on electricity. Sungrow Adds 95 MW Of PV Installations To Its Kazakhstan Portfolio Sungrow, the global leading inverter solution supplier for renewables, announced that 95 MWac of 1500V medium-voltage central inverter solutions were operational well in Total Eren’s two solar PV projects in Kazakhstan to fully support the Central Asian renewable ambition. Southeast Asia Is At The Forefront Of A New Wave Of Sustainable Data Centers This drastic shift has affected countless industries and sectors around the world in different ways. But it has become clear that much of the spotlight has turned towards data centers, which are expected to bear the brunt of the great shift to cloud computing. The APAC region is set to be the biggest market for data centers by 2021, with a total market size to be around US$28 billion by 2024 for colocation data centres, according to a new joint report from Digital Realty and Eco-Business. Southeast Asia is a key player in the region, representing around 13% of the region’s total market size. |
MENARyse Energy Shifts Global HQ To Abu Dhabi’s Masdar City Ryse Energy, a global leader in renewable off-grid energy systems, with over 4,000 installations across all seven continents, has moved to Masdar City, Abu Dhabi, as part of its expansion strategy. A major provider of wind and solar power generation as standalone technologies, Ryse Energy offers either grid-connected or off-grid options with energy storage. Their wind technologies have been combined with solar PV and energy storage to create bespoke and reliable hybrid renewable solutions, including reduced carbon infrastructures in the telecoms, oil and gas industries, as well as community power for rural electrification. AI-Powered Software For Solar Sites Accelerating Transition Towards Clean Energy A global startup with headquarters in Saratoga, US and development centres in Bangalore and Abu Dhabi, SenseHawk is leading the charge to digitise the solar industry. Swarup Manvoor, CEO & Co-Founder, SenseHawk shares how the platform is used by over 80 customers to analyse over 28 GW of solar assets in 15 countries, and the future plans, with the world increasingly moving to renewable energy. UAE And Saudi Arabia Uniquely Placed To Become Global Leaders In Petrochemicals And Renewable Energy Research by UBS, the world’s largest wealth manager, concludes that while the transformation from non-renewable to renewable energy sources is underway, its speed may be overestimated. In a new report entitled The Middle East at a crossroads: The energy transition, the company’s Chief Investment Office expects crude oil and gas prices to trend higher in coming years. |
AFRICAFG, EU, Germany Launch New Data-Driven, Low Cost Electricity In Nigeria The Federal Ministry of Power (FMP) with financial support of the European Union (EU) and the German Government on Tuesday officially launched the Nigeria Sustainable Energy for All (SE4ALL) Platform. The virtual launch was conducted in the framework of the Nigerian Energy Support Programme (NESP), a technical assistance programme, co-funded by the EU and the German Government and implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with the ministry. Solar Challenges And Trends And Covid-19 Discussed At 2020 Africa Energy Forum The 24-day, digital 2020 Africa Energy Forum kicked off on October 20. The event brings together African energy sector officials to identify opportunities, air their views, form partnerships, and take the necessary steps to improve the industry. For solar, challenges in policy making, procurement processes and the effects of the Covid-19 pandemic were discussed, as well as emerging trends such as solar digitalization. New Partnership To Improve Energy Access In Ethiopia The Rocky Mountain Institute (RMI) is partnering with IKEA Foundation to improve access to energy in rural communities in Ethiopia. RMI will leverage a $1 million grant from IKEA Foundation to provide rural communities with access to renewable energy. The institute will also leverage the grant to ensure project beneficiaries create new opportunities for income generation by using energy effectively. The project will target farming communities. |
AUSTRALIABiggest Solar Farm Outside Main Grids Nearly Complete, Miner Counts Huge Savings The biggest solar farm to be built in Australia outside of its two main grids is nearing completion, with more than 90 per cent of the 60MW Chichester solar farm in the Pilbara installed as at the end of October. The Chichester solar farm is being built by Alinta as part of a plan to extend the local grid in the Pilbara region of Western Australia beyond the Roy Hill iron ore mine owned by Australia’s richest woman Gina Rinehart, and connect with the Chichester and Cloudbreak iron ore mines that are operated by another billionaire, Andrew Forrest’s Fortescue Mines. Victoria Is Building The Biggest Battery In The Southern Hemisphere Dan the Man has done it again. After dealing with COVID-19, the Victorian premier is turning his sights towards the energy crisis with the approval of one of the world’s largest lithium-ion batteries. Why? To boost reliability, drive down electricity prices and support the state’s transition to renewable energy, and of course, create jobs. Let’s take a look at the proposal and what we can expect from Dan’s big battery. NSW Unveiled A $32 Billion Investment Plan For Renewables And Storage Under New Roadmap The NSW government has unveiled a $32 billion investment plan for new electricity infrastructure in the state, that will see strong investment in new wind, solar and storage projects replace the state’s ageing coal fleet while reducing emissions and costs for NSW consumers. |
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