CleanTech Report April 29th 2021 |
NORTH AMERICASamsung Considers $673 Million Solar Power Plants In Texas A unit of Samsung C&T is considering investing $673 million in building solar power plants in Texas, aiming to start commercial production in December 2023, documents reviewed by Reuters showed. The solar facilities will be located in the Milam county, Texas, the documents showed. DOE Offers Billions In Loans For Transmission Upgrades To Boost Renewable Energy Resources The U.S. Department of Energy (DOE) announced up to $8.25 billion in loan availability from its Loan Programs Office (LPO) and the Western Area Power Administration (WAPA) for efforts to expand and improve the transmission grid. Duke Energy Consolidates Its Renewable Energy Offerings Under One Brand Duke Energy is rebranding its renewable energy businesses as Duke Energy Sustainable Solutions. The brand unifies products and services offered by Duke Energy Renewables, REC Solar, and Duke Energy One. |
LATIN AMERICAHitachi ABB Power Grids Forms Americas Battery Storage Partnership With Atlas Renewable Energy Hitachi ABB Power Grids has signed a collaboration agreement on battery energy storage for renewable energy projects in the Americas, with Atlas Renewable Energy. Corporacion Multi-Inversiones Successfully Issued Green Bonds For $700 Million CMI Energy, part of CMI Capital group of Corporacion Multi-Inversiones, issued US$700 million of green bonds at an interest rate of 6.250% and expiring in 2029, and closed a syndicated loan of US$300 million to refinance all of its project finance indebtedness. The successful transaction was executed in the framework of CMI’s 100th anniversary. Renewables Inspire Chile’s Dream Of Exporting Green Energy Fernando González relishes the shade given by the 140 sq m mirror that bounces the sun’s beams to a “receiver” on a 250 meter high tower in the Atacama Desert. But he is more proud of what the technology is achieving in northern Chile. “We are making history here,” he says. |
EUROPEAmazon Announces Nine Renewable Energy Projects Across Europe And North America Amazon this week announced nine new utility-scale wind and solar energy projects. The company detailed a number of projects in the US, Canada, Spain, Sweden, and the UK. Amazon says the 2.5GW of renewable energy capacity it is buying in Europe makes it the largest corporate purchaser of renewable energy in the region. EIB Backs €2 Billion Investment To Scale Up Use Of Renewable Energy The European Investment Bank (EIB) has announced that it has approved new financing of EUR 3.4 billion to accelerate the shift towards renewable energy and sustainable transport, corporate innovation, improved housing, education and communications. Of which, EUR 2 billion has been committed to scaling up the use of renewable energy. $80 Billion Investments In Solar Energy Projects May Exceed Globally In 2021 According to IB Centre, the total investment in solar energy projects may exceed $80 billion globally in 2021. Brisk growth of home solar stations and commercial facilities to ensure internal consumption will be the main trend in Ukraine in 2021. |
ASIAVestas Leads One Of Largest Payment Deferral Facilities For Renewable Project Valued At €270 Million Bringing together five high-profile parties including Global Power Generation (GPG), Banco Santander, Deutsche Bank AG, EKF and Sinosure, Vestas has led the largest known payment deferral facility for a renewable energy project in the world. The facility covers three Australian projects, and totals $415 million AUD. Japan To Help Companies Adopt Renewables To Supply Apple & Co Global corporations such as Apple are pledging that their global facilities are powered by 100% clean energy and are urging suppliers to switch to renewable sources as well. If Japanese companies do not comply, they risk losing business to other overseas suppliers that have adapted faster. Chindata Group Tops Greenpeace Renewable Energy Rankings In China’s Tech Industry Chindata Group, the only carrier-neutral digital infrastructure platform in the Asia-Pacific region, once again scored first (85 out of 100) in the latest clean energy rankings among the China’s tech industry with a perfect score (40 out of 40) on renewable energy performance. |
MENAACCIONA Places “Sustainable Regeneration” At The Core Of Its Activities The SMP2025 aims to make a positive contribution to the recovery of the planet’s resources. ACCIONA aspires to go beyond carbon neutrality, which the company achieved in 2016, by having “a positive impact on natural capital”. To do so, it will develop initiatives across four areas: climate, biodiversity, circular economy and water management. The Case For Renewable Energy Investment Has “Never Been Stronger” – UAE’s Sultan Al Jaber Sultan Al Jaber, the UAE Minister of Industry and Advanced Technology and the country’s climate envoy, said recent data from IRENA confirmed that 2020 saw the largest increase in installed renewable capacity in the history of the sector, with 260 GW added, despite the economic headwinds caused by the global pandemic. Qatar Tops MENA Region In Wef’s Energy Transition Index 2021 Qatar also leads the global rankings on the economic development and growth component of the ETI, supported by the strong role played by the domestic energy sector in the economy. Qatar has topped the Middle East and North Africa region, securing 53rd rank in WEF’s Energy Transition Index 2021. |
AFRICAEU To Offer Expertise To Drive Renewables-Friendly Policy Across Africa The oft-heard industry call for more supportive policy for renewables, this time in Africa, has prompted the European Commission to pledge to work with its continental counterpart on improving the clean energy regulatory environment. EIB Commits €340 Million For Water And Renewable Energy In 5 Countries The European Investment Bank (EIB) is approving €340 million for water and renewable energy in Africa. The loans are for the construction of sustainable infrastructure in Mali, Chad, Guinea, Malawi and Comoros. South Africa’s Nedbank To Stop Funding New Thermal Coal Mines And Boost Renewables Nedbank Group, South Africa’s fourth-largest bank by assets, on April 22 pledged to stop funding new thermal coal mines from 2025 and will no longer directly finance new oil and gas exploration with immediate effect. The lender, which has already committed to not support any new coal-fired power plants, also promised to cease financing new oil production from 2035 as part of its 2021 energy policy. |
AUSTRALIAAustralian Govt Earmarks $213 Million For “Clean” Hydrogen Hubs The Australian government will invest a further AUD 275.5 million (USD 213.4m/EUR 176.4m) in “clean” hydrogen through its 2021/22 budget, it announced last week.
Renewable Energy Investment Results In Billion-Dollar Bidding War For Tilt Renewables The hot favourite in Australia and New Zealand right now is the dual-listed Tilt Renewables. It has been the subject of a bidding war ever since its majority shareholder, Infratil, batted off a $5.1 billion offer from Australian Super to buy it.
$1 Billion Energy Deal Promises To Cut Emissions And Secure Jobs In case you missed it, a major A$1 billion energy deal between the Morrison and the South Australian government was revealed recently. The bilateral deal represents a key driver for the national economic recovery from COVID. It promises to provide jobs in the energy sector and contribute to South Australia achieving net 100% renewables by 2030. |
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