CleanTech Report June 10th 2021 |
NORTH AMERICABP Invests In Renewables With Big Solar Purchase BP reached an agreement to purchase 9 gigawatts (GW) of solar development projects in the U.S. from independent solar developer 7X Energy. The acquisition represents a significant step towards BP’s target of growing its net developed renewable generating capacity to 20GW by 2025 and aim to bump up to 50GW by 2030. Canada Invests $960M In Renewable Energy And Grid Modernization Projects The Government of Canada announced the launch of a $964-million program to support smart renewable energy and grid modernization projects that will lower emissions by investing in clean energy technologies, like wind, solar, storage, hydro, geothermal and tidal. Victory Square Technologies Announces Completion Of Investment In Stardust Solar Victory Square Technologies Inc., a company that provides investors access to a diverse portfolio of next generation companies in key sectors including: digital health, gaming, blockchain, AR/VR, cybersecurity, the circular economy and cloud computing, has completed the investment in the renewable energy company Stardust Solar, a leading renewable energy company operating in the United States and Canada pursuant to a share purchase agreement dated June 8, 2021 between the Company and Stardust. |
LATIN AMERICABrazil’s Elera To Invest $790 Million In Renewables Elera Renováveis plans to invest almost 4bn reais (US$790mn) in Brazilian hydro, solar and wind power projects in 2021-22, a spokesperson for the company told BNamericas. The biggest part of the investments will go to the Janaúba PV solar complex, which saw construction start in January with works scheduled to finish by 2023. MPC Energy Solutions Invests In Energy Efficiency Through Cogeneration In Puerto Rico MPC Energy Solutions N.V. has signed the acquisition of a 3.4 MW Combined Heat and Power (CHP) project in Puerto Rico. The project will sell the produced heat and power under a 12-year USD-denominated energy service agreement to a pharmaceutical company. Elecnor Secures EPC Contract For 359 MWp Solar Plant In Brazil Spanish infrastructure builder and concessionaire group Elecnor SA announced today it has won a contract to build a 359.12-MWp solar farm in Brazil. The job was awarded to Elecnor by Latin America-focused Atlas Renewable Energy. |
EUROPEEuropean Energy and UK-Based Firma Unveil 200MW UK Solar Pipeline European Energy and UK-based renewables outfit Firma have revealed they are developing a portfolio of solar projects, upwards of 200MW, in the UK. The partners are working on 30 separate deals with farmers to build solar farms and grid-connected battery storage systems across the country. Cyrusone’s European Data Center Portfolio Now 100 Percent Powered By Renewable Energy The data center real estate investment trust’s sites in London, Amsterdam, Frankfurt, and Dublin are now all operating on a renewable tariff. The company says this means all those sites are powered by renewable energy supported by local suppliers. Europe Risks Falling Behind China And US In Renewables Europe risks falling behind the US and China in efforts to decarbonise unless it legislates for a radical expansion of renewable energy, said leaders of the bloc’s chemicals and wind power industries. |
ASIAReNew Power Announces ‘StorageX Initiative’ For Energy Storage Technology Development ReNew Power, India’s leading renewable energy company, today announced a collaboration agreement with the Precourt Institute for Energy at Stanford University and its StorageX Initiative that aims to solve the most pressing real-world challenges in battery storage. Arctech Signed MoU 1GW Solar Tracker Delivery Worldwide Arctech, a leading manufacturer and supplier of solar trackers, fixed-tilt structures and BIPV systems, showcased its flagship 2P tracker, SkySmart II, as well as the integrated BIPV system at the SNEC 2021, which is one of the world’s largest solar exhibition in Shanghai China, on June 3rd-5th. Arctech also launched the first-of-its-kind wireless-synchronized seasonal tilted mounting system. Vietnam Leverages Renewables An onshore wind project that will increase Vietnam’s wind capacity by 30%, has borrowed from The Asian Development Bank (ADB), Japan International Cooperation Agency (JICA) and Export Finance Australia. The 144-megawatt wind project in Quang Tri Province, is designed to meet the rising demand for energy in Vietnam. |
MENASaudi Arabia Takes Lead In $250 Billion Climate Change Drive Saudi Arabia will join a core group of 23 nations and international bodies that signed up for an initiative called Mission Innovation 2.0 during an event in the Chilean capital Santiago. The group is expected to inject $250 billion of investment into renewable energy innovation over the next decade. Kuwait’s MEW Plans Eight Power Plants To Produce 17,300 MW Of Electricity A report issued by the Ministry of Electricity, Water and Renewable Energy revealed a plan that includes the establishment of eight future plants to produce 17,300 megawatts to ensure the country’s needs of electricity and water in the face of the “Kuwait 2035” Vision and the increasing demand, which is expected to reach 30,000 megawatts during the next 15 years. Dubai’s Water Management Strategy To Help Save $3.9 Billion Dubai’s integrated water resource management strategy will save the emirate up to 14.35 billion UAE dirhams ($3.9 billion) on the water consumption and production fronts, according to the Dubai Electricity and Water Authority (DEWA). |
AFRICAUAE Startup Pawame Launches Series A Round For Expansion In Africa UAE-based off-grid solar startup Pawame, has secured $1.7m in grant commitments, plus $750k in equity including $250k from Launch Africa. Pawame offers a portfolio of solar home systems in remote areas of Kenya on a micro-financed basis, using mobile money repayment, making it affordable to access clean and reliable energy, a statement said. South Africa Opens Window For Renewable Boom The Department of Mineral Resources and Energy (DMRE) launched Bid Window 5 of the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) in March. Chariot Acquires Africa-Focused Renewable And Hybrid Power Developer Chariot, Africa-focused transitional energy group, has announced the acquisition of Africa Energy Management Platform (AEMP), a renewable and hybrid power developer focused on the mining sector in Africa. |
AUSTRALIAAustralia to Construct World-First ‘Solar Hydro’ Power Plant The Australian government has announced funding to construct a $27 million (US$21 million) “solar hydro” power plant in north-western Victoria able to generate, store, and deliver electricity on demand.
Meridian May Sell Australian Assets New Zealand gen-tailer Meridian Energy has become the latest global energy company to “review” its position in the Australian market, considering – among other options – partial or full divestment of its local renewables projects and popular retailing business.
Solar Overtakes Wind To Be New Queen Of Australian Renewables In 2020 Solar overtook wind as Australia’s largest source of renewable electricity in 2020, as strong growth in both large-scale and small-scale installations helped the market share of renewables surge to 24.4 per cent. |
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