CleanTech Report May 20th 2021 |
NORTH AMERICAGlobal Renewables Grew At Fastest Rate In Two Decades In 2020 Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than prior to the pandemic, according to a new report by the International Energy Agency (IEA). California’s Governor Proposes $350 Million Support For Long-Duration Energy Storage In Budget Revision California governor Gavin Newsom has tabled a revision to the US state’s budget which would put US$100 billion into economic recovery, including US$912 million to accelerate progress on climate change mitigation through the energy sector and US$3.2 billion for zero emissions vehicles support. Green Bank Leveraged $1.69 Billion In Clean Energy Projects During 2020 The American Green Bank Consortium added five new green banks and said that market actors across 22 states were actively exploring or taking steps to develop green banks. The report said that green banks leveraged $1.69 billion of total investment by using $442 million of green bank funds. This brings cumulative green bank investment to $7 billion using $1.9 billion in green bank funds. |
LATIN AMERICALatAm Gold Mines On The Path To Decarbonization Latin America’s gold mining industry is well positioned to meet its 2030 climate change goals amid a shift toward renewable energy, John Mulligan, the World Gold Council’s (WGC) director of market relations and climate change lead, tells BNamericas.
Mainstream’s Portfolio Ahead Of The $1.1 Billion USD Aekr Acquisition The recent acquisition of 75% of Irish renewable developer Mainstream Renewable Power by Norwegian sustainable investment firm Aker Horizons will help the company develop its highly ambitious Chilean portfolio. The deal, which values Mainstream’s assets at 900mn euros (US$1.1bn), would give Aker a controlling interest of 1.4GW of renewables in operation and under construction and a 12.5GW
Brazil Fund Perfin To Invest $1 Billion USD In Renewables Brazilian fund manager Perfin has created a new company focused on renewable energy generation, especially solar, with expected investment totaling 5.5 billion reais ($1 billion) by 2025, a company executive told Reuters. The new company Mercury Renew, which has an operational partnership with energy generator Servtec, is Perfin’s latest venture into energy and highlights investor interest in Brazil’s electricity sector and potential in renewables. |
EUROPEFrance’s Engie Targets 80 GW Of Installed Renewables By 2030 French energy company Engie SA (EPA:ENGI) announced on Tuesday plans to increase its investments in the renewable energy sector as well as to generate between EUR 9 billion (USD 11bn) and EUR 10 billion from disposals of non-core operations by 2023, in a bid to simplify its structure and boost shareholder value. Statkraft Accelerates Solar Investments – Four New Solar Farms In Southern Spain Energy giant Statkraft has announced its investment to construct four new solar plants in Cadiz, with an estimated value in the range of 200 million euros, thereby further strengthening its position in Spain and providing the Southern European nation with additional renewable energy access. SolarPower Europe Releases Solar Sustainability Report With solar photovoltaics (PV) on the verge of reaching the Terawatt era, the solar industry is seeking to further improve sustainability performance in relation to environmental, social, and corporate governance features. |
ASIARenew Power To Develop Solar Component Production Facility In Gujarat ReNew Power on Monday said it plans to develop a solar cell and module manufacturing facility with 2 gigawatts annual capacity in Dholera Special Industrial Region, Gujarat. Mitsui To Build Mega Solar Project In Philippines Mitsui has formed a renewable energy joint venture with Philippine utility Global Business Power. The solar development in the northern province of Rizal is expected to cost about $64.4 million with Mitsui paying around 40% of the total cost, according to a report in Nikkei Asia. Amazon Seeks Direct Renewable Power For Japan Data Centers Amazon.com is in talks with Japanese power companies and trading houses to build a first renewable energy power plant for its data centers in the country. Amazon is seeking ways to procure electricity over the long term from exclusive renewable energy power stations. |
MENAGiza Systems Awarded World’s Largest Solar Hybrid Project At An Off-Grid Mine In Egypt Centamin, the mining company, has awarded juwi, a leading renewable specialist company, and Giza Systems, a leading systems integrator in the MEA region, the engineering, procurement and construction (EPC) contracts for its 36 MW solar farm and 7.5 MW battery-energy storage system at the Sukari gold mine, Eastern Desert in Egypt. France’s EDF Helping Saudi Arabia Achieve Renewable Energy Targets The consortium was awarded the 300-megawatt utility-scale photovoltaic solar power plant by the Saudi Ministry of Energy after it submitted a bid of SR60 ($16.24) per megawatt hour. The group signed a 25-year Power Purchase Agreement, and the plant is expected to be operational in 2022. Kuwait To Invite Consultancy Bids For Renewable Energy Project OPEC member Kuwait intends to issue a tender for consultancy services for Phase 3 of its Shagaya renewable energy project, a local newspaper said on Tuesday. |
AFRICAKibo Energy Signs Deal To Co-develop Renewable Energy Projects In SA Kibo Energy said on Tuesday it had entered into an agreement with Industrial Green Solutions (IGES) to jointly develop a portfolio of waste to energy projects in South Africa with an initial target of generating more than 50 megawatts of electricity for sale to industrial users. World’s First Industrial-Scale Renewable Power-To-Fertiliser Plant Maire Tecnimont announced that its subsidiaries MET Development, Stamicarbon and NextChem have started work on a renewable power–to-fertiliser plant in Kenya. This will be the world’s first industrial-scale plant powered by renewable energy to produce low carbon intensity nitrates. African Data Center Market Set To Reach $5 Billion USD By 2026 The African data centre market by investment was valued at US$2 billion in 2020 and is expected to reach US$5 billion by 2026, growing at a compounded annual growth rate of 15% from 2021 to 2026, according to a report by Research and Markets. Research and Markets stated that factors influencing growth include renewable power availability, smart city initiatives and increased support for the digital economy. |
AUSTRALIAAustralia’s Wind And Solar Farms Seek To Dodge Negative Prices And Grid Costs In the Australian National Electricity Market (NEM), the energy transition from traditional generation to renewable resources is moving quickly, and new high-tech software tools are making wind and solar projects more competitive in the wholesale market and more attractive to investors.
AMP Energy Invests $2 Billion In Australian Renewable Energy Hub Amp Energy (Amp), A Toronto-based clean energy global developer, has invested over $2 billion in establishing the 1.3 GW Renewable Energy Hub of South Australia (REHSA). Amp may be stationed in Canada, but it has a growing portfolio in Australia.
Australia And Korea Can Become Renewable Energy Superpowers Together South Korea is Australia’s fourth-largest trading partner, and this year we will mark the 60th anniversary of diplomatic relations. |
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