CleanTech Report June 17th 2021 |
NORTH AMERICAMicrosoft’s New West US 3 Data Center Region Is One Of Its Most Sustainable Yet The new West US 3 region located in El Mirage and Goodyear, Arizona, relies extensively on renewable energy sources and is said to be 100% carbon negative. The company said it chose Arizona for its latest U.S. data center region for several reasons, chief among them its abundance of solar power, its proximity to major customers, its skilled workforce and the availability of land. Outdoor Solar LED Market Size Worth $24.75 Billion By 2028 The global outdoor solar LED market size is expected to reach USD 24.75 billion by 2028, registering a CAGR of 24.6% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. US Solar Market Eclipses 100 Gigawatts he U.S. solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the U.S. Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. |
LATIN AMERICASustainable Investment Is Flooding The Market Latin America boasts booming renewable energy markets, which have been invigorated by clean energy auctions in many countries. The region has the highest share of renewables in its electricity mix of any in the world.
EDP Renewables Enters Chilean Market With $38 Million Acquisition EDP Renewables is expanding its presence within the Latin American and global clean energy market with two separate deals reached with Atacama Energy and Lader Energy in Chile. The two deals have a total consideration of $38 million for the acquisition of 628MW of solar and wind energy projects in Chile.
First Concentrated Solar Power Plant In Latin America Cerro Dominador Inaugurates Its CSP Plant, Which Will Provide 100% Renewable Energy 24/7. The Cerro Dominador solar complex, located in Maria Elena, in the heart of Chile’s Atacama Desert, inaugurated its CSP plant after a successful process of gradual synchronization with the Chilean electricity system. The plant generates 100% clean energy both during the day and at night. |
EUROPEAra Partners Portfolio Company Aksiom Services Group Acquires Anesco Ara Partners, an industrial decarbonization-focused private equity firm, today announced that it has acquired Anesco Holdings, the parent company of the Anesco Group. Terms of the transaction were not disclosed. Switzerland Rated ‘Insufficient’ For Climate Commitment On Sunday 51.6% of voters gave the thumbs-down to measures to curb greenhouse gas emissions. The government had proposed these measures to fulfil Switzerland’s obligations under the Paris climate agreement. Equinor To Spend More On Renewables While Oil Output Continues To Rise Equinor dropped its explicit goal of a 3% annual increase in oil and gas output until 2026. The majority state-owned firm, under pressure from private investors as well as some members of Norway’s parliament to show it can adapt to a low-carbon future, still expects to see rising oil and gas production in the medium term however. |
ASIASingapore’s Sembcorp To Monetise India Assets; Expand Renewable Energy Capacity Singapore utility group Sembcorp Industries hopes to monetise some of its operational assets in India over the next 12-18 months and aims to grow its renewable energy capacity through organic and inorganic routes to drive the ambitious green energy target, a top executive told ET. 9 GW Green Contracts To Be Auctioned In one of the largest tranches of Indian clean energy contracts on offer, developers are eyeing projects of at least 9 gigawatts (GW) that will be bid out over the next three weeks, said two people aware of the development. These contracts that require an investment of over $4 billion are being offered after a long lull, and are for setting up solar, hybrid and wind energy projects. EY And Ficci Identify 600 Projects With Potential For Rs 6 Lakh Cr Investment And 1.5 Million New Jobs A joint report by industry representatives, global consultancy firm EY and industry lobby Ficci has identified over 600 ‘shovel-ready’ low carbon investment opportunities in India with huge potential for post-pandemic economic recovery and job creation. |
MENA600MW Clean Energy To Bolster Dubai’s Energy Mix The authority will add 600 megawatts (MW) of clean energy capacity using photovoltaic solar panels and Concentrated Solar Power (CSP) during 2021. The move will increase DEWA’s total power capacity from clean energy to 1,613 MW compared to 1,013 MW currently. Morocco Inks Deal With Global Renewable Energy Agency Morocco’s energy ministry will be working with the Abu Dhabi-based International Renewable Energy Agency (IRENA) to accelerate the country’s energy transition. The collaboration will be focused on advancing the country’s national green hydrogen economy, as it aims to become a major green hydrogen producer and export, state news agency WAM has reported. PIF-Backed ACWA Power Raises $750 Million From Maiden Sukuk ACWA Power, the utility developer backed by Saudi Arabia’s Public Investment Fund (PIF), on Tuesday announced it had raised SR2.8 billion ($750 million) from its first sukuk issuance. The sukuk will have a seven-year tenor and was 1.8 times oversubscribed, the company said in a statement. Fund managers, government funds and insurance companies accounted for about 30 percent of investors. |
AFRICAEconet Unit, Huawei Form Smart Battery, Solar Pact In Africa In a statement, DPA says the partnership will expand the company’s product offering by providing improved storage, and will accelerate the uptake of its retail power offer of reliable, cost-effective energy for residential as well as small and medium businesses. Firm To Establish 1000 MW Solar Panel Manufacturing Business In Ondo Solmont Technologies, an international group of energy professionals is set to establish a 1,000 MW per annum solar panel manufacturing business in Ondo State, Southwest Nigeria. The $70 million factory, seen as a good Foreign Direct Investment, will be located on a 60,000 sqm area at the Oore Industrial Park. World Bank Provides $465 Million To Expand Energy Access And Renewable Energy Integration In West Africa The new Regional Electricity Access and Battery-Energy Storage Technologies (BEST) Project will increase grid connections in fragile areas of the Sahel, build the capacity of the ECOWAS Regional Electricity Regulatory Authority (ERERA), and strengthen the WAPP’s network operation with battery-energy storage technologies infrastructure. |
AUSTRALIAQueensland Set To Make $1.54 Billion Hydrogen And Renewable Energy Commitment A new A$2 billion ($1.54 billion) Queensland Renewable Energy and Hydrogen Jobs Fund will be established to expand on the previous A$500 million Renewable Energy Fund in the Australian state.
Solar And Battery Projects Added To Gippsland’s Bold Renewables Push An 80MW solar farm with an 80MWh battery is being proposed for Victoria’s Gippsland region, a joint venture between Solis Renewable Energy, Marathon Electrical and contracting group WK & MA Ferguson.
Solar Choice Buys Out Majority Stake In Huge 2000MW Queensland Solar Project Solar farm developer Solar Choice has bought out the majority stake in the massive 2,000MW Bulli Creek solar project in southern Queensland, and is now eyeing potential green hydrogen opportunities as an avenue to its development. |
Dominate the CleanTech Industry by Creating Incredible Value |