Hydro-Québec has announced it will provide a total of CA$100,000 over a 2-year period to research spearheaded by the MIT climate change think tank, Ouranos, located in Montréal, and the business school HEC Montréal, also in Montreal. The agreement provides for the development and implementation of a vital modeling tool that will be available for climate change researchers. The tool focuses on Québec and New England and will seek to identify opportunities for optimal expansion of renewable energy sources in the two regions, including expanded trade in electricity.
Suppliers to the automobile industry can challenge major manufacturers, but they face significant pressures, recently illustrated by the dispute between Volkswagen and Prevent Group. The federal state of Baden-Württemberg has now launched an advisory campaign to help medium-sized suppliers in the automobile industry to diversify into parts for electric vehicles. The aim is to help the 1,000 or more suppliers to gain a foothold in the market for systems and components in the electric mobility sector.
A series of workshops for local authorities to promote e-mobility is being organised by the German state agency e-mobil BW and the local authorities’ association of Baden-Württemberg. The workshops are designed to indicate practical options for local authorities to get into electric mobility. The possible entry points include replacing conventional vehicle fleets with electric vehicles, establishing a needs-driven charging infrastructure, and electrifying the local public transport system with electric buses, electric taxis and schemes that make available local authority-owned electric vehicles for car sharing.
The fast-changing energy landscape and increasing amount of renewable generation on the system that results in frequency volatility have required National Grid to develop new and innovative ways to manage frequency to ensure that energy keeps flowing to where it is needed. A new, enhanced ability to control variations in frequency almost immediately will result in reduced costs of approximately 200 million pounds and streamline services to make them as efficient as possible meaning reduced costs for the end consumer.
SolarCity Corp. has announced that it has created a new fund to finance more than $300 million in solar projects with Credit Suisse. The fourth such collaboration between SolarCity and Credit Suisse will allow thousands of homeowners in the U.S. to pay less for solar electricity than they pay for utility bills. The fund represents another new financing for SolarCity, following a $305 million cash equity financing and a fund to finance $347 million in projects with Citi that closed last month.
A new report states that by 2030 wind power could reach 2,110 GW, and supply up to 20% of global electricity, creating 2.4 million new jobs and reducing CO2 emissions by more than 3.3 billion tonnes per year, and attract annual investment of about €200 billion. With dramatic price decreases in recent years for wind, solar and other renewables, a decarbonised power sector is not only technically feasible but is economically competitive as well. New markets are developing rapidly across Africa, Asia and Latin America, supplying clean energy to support sustainable development.
On 25 and 26 October 2016 Amsterdam RAI will again host the international gathering of the whole offshore energy industry, during Offshore Energy Exhibition & Conference 2016, where exhibitors and visitors can meet more than 11,500 professionals, from engineering to sales, from procurement to finance and from project management to executive management. The event will be kicked-off with the first Offshore Energy Opening Gala Dinner which will take place on the evening prior to the official start of OEEC on Monday, October 24th. This festive evening will take place at the impressive Beurs van Berlage in Amsterdam and will also see the presentation of the Offshore Energy Awards.
The largest local authority owned solar farm in the UK, acquired for nearly £14.5 million, will be used to help protect the future of municipal services in Forest Heath. It announced that after months of negotiations it has bought Greenheath Energy Ltd and with it the 12.4MW solar farm at Toggam Farm in Lakenheath. The purchase has been made using capital – under Government finance rules, councils are not allowed to use capital to plug annual funding gaps as eventually, the money would simply disappear. Instead, they can use the money to invest in projects which generate an annual income.
As part of its long-term plan to bring online at least 500MW of solar electric generating capacity in North Carolina (N.C.) and Virginia, Dominion has announced it has acquired the development rights for the 60MW (AC) Summit Farms Solar facility in Currituck County, N.C. The solar facility is expected to enter service in December 2016. It has also signed 25-year power purchase agreements with the Massachusetts Institute of Technology, Boston Medical Center and Post Office Square Redevelopment Corporation.
The huge 200 MW Tranquillity solar power plant has commenced operation in California, the US State that’s leading the way in PV deployment. Built on a huge 1,900 acres expanse of retired agricultural land in Fresno County; the project is a rare development of such size, as the market shifts towards smaller-scale solar PV plant developments. Canadian Solar’s subsidiary Recurrent Energy developed the project from start to finish, with construction beginning in July 2015 and taking only just over a year to complete.
Gamesa has secured a new order in India from ReNew Power, one of India’s leading independent power producers (IPP), for the EPC construction of a 50MW wind farm located in Bijapur, in the state of Karnataka. The agreement with ReNew Power encompasses the installation of 25 G114-2.0 MW class S turbines. With a tower height of 106 metres, this new turbine variant is custom-designed for the low wind speed sites typical of India. Since it’s a turnkey contract, Gamesa will also provide the infrastructure needed to install and operate the facility. The wind farm’s commissioning is scheduled for March 2017.
Tata Power Renewables (TPREL), has completed its acquisition of 100% shareholding in Welspun Renewables (WREPL). WREPL has 1,140 MW of projects comprising of about 990 MW Solar and about 150 MW Wind. TPREL has 312 MW of Renewable capacity with a further 500 MW of Renewable assets being carved out of Tata Power into TPREL. In addition, about 400 MW of projects are being implemented. Thus, TPREL will have a renewable portfolio of about 2,300 MW, making it the largest Renewable Power Company in India.