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Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to new research published by Bloomberg New Energy Finance (BNEF). Tumbling battery prices mean that EVs will not just have lower lifetime costs, but will also be cheaper to buy than internal combustion engine cars (ICE) in most countries by 2025-29. Colin McKerracher, lead advanced transport analyst, BNEF, said: “We see a momentous inflexion point for the global auto industry in the second half of the 2020s.
SolarEdge Launches Fastest EV Charging Technology; Combining Grid With PV Power

SolarEdge Technologies, Inc., has unveiled the world’s first inverter-integrated electric vehicle (EV) charger. By supplementing grid power with PV power, the new Level 2 EV charger offers charging up to six times faster than a standard Level 1 charger with its innovative solar boost mode. The company’s HD-Wave inverter, once integrated with an EV charger, will not only provide the existing management and monitoring of solar production, but will also enable EV charging from a single inverter and dashboard. The combined solution also results in considerable cost savings on both hardware and labour.

ABB Innovation Integral To The World’s Largest Floating Solar Plant Test-bed

Land scarcity has severely limited Singapore’s adoption of solar power, so the city-state, surrounded by water, has looked to floating solar panels as a viable alternative. Floating solar panels can be 11% more efficient than solar panels placed on precious land. ABB is providing critical components on a landmark 1MW floating solar photovoltaic test-bed. It measures 1 hectare or 1.5 football fields. The energy generated will be fed into the national energy grid, providing electricity for up to 250 households.

New BNEF Report Highlights A Massive Shift to Wind And Solar, While Coal Fades

A new independent report from Bloomberg New Energy Finance (BNEF) states that clean energy such as wind and solar will account for almost 75% of investment in power generation worldwide, between now and 2014. New Energy Outlook 2017 estimates that overall $10.2 trillion will be spent on power generation technology in the next 22 years, with $7.4 trillion being spent on renewables. This year’s forecast sees solar energy costs dropping a further 66% by 2040, and onshore wind by 47%, with renewables undercutting the majority of existing fossil power stations by 2030.

Wind Power Can Provide Energy On Coldest Days: Met Office, Imperial College

A new study by climate scientists has advanced the understanding of the potential for wind power to provide energy during the coldest spells of winter weather. The team, which involved scientists from the Met Office Hadley Centre, Imperial College London and the University of Reading, compared wind power availability with electricity demand in winter and they found an interesting result. The team found that during the highest 5% of energy demand days, one-third produce more wind power than the winter average. “The very coldest days are associated with a mix of different weather patterns, some of which produce high winds in parts of the UK.

Emerging Markets Catching Up Fast To Germany, UK, China As Top For Investments

Allianz Climate and Energy Monitor, which assesses the low-carbon investment climate in G20 countries, has revealed that over the past year, most G20 states improved low-carbon energy investments conditions, with several emerging market countries rapidly catching up to the leaders. Policies supporting solar and wind investments are starting to pay off and India, South Africa, Brazil and Indonesia emerge as high-need hotspots for renewable energy investments. The rapid development of the renewable energy sector is a crucial success factor for meeting the Paris climate goals.

US: Clean Energy Now Providing More Electricity Than Nuclear For The First Time

The latest issue of the U.S. Energy Information’s (EIA) “Electric Power Monthly” reveals that – for the first time since the beginning of the nuclear era – renewable energy sources are now providing a greater share of the nation’s electrical generation than nuclear power. “Renewable energy is now surpassing nuclear power, a major milestone in the transformation of the U.S. energy sector,” said Tim Judson, Executive Director of the NIRS. “This gulf will only widen over the next several years, with continued strong growth of renewables and the planned retirement of at least 7% of nuclear capacity by 2025.

Solar Power Exceeds Wind Installations; Can Surpass 80GW In 2017, 1TW In 2021

SolarPower Europe (SPE) has launched the ‘Global Market Outlook for Solar Power 2017-2021.’ The report confirms 2016 as another record year for solar, with global annual additions for solar growing by 50% with 76.6 GW installed. There’s now a total worldwide solar power generation capacity of 306.5 GW. James Watson, CEO of SPE said: “When looking at solar, the cost reductions experienced and predicted outstrip all other power generation technologies. Today, utility-scale solar is already cheaper than new gas, coal and nuclear power plants.”

Digital, Smart, Connected: A New Energy World Emerges At Intersolar Europe 2017

With a total of 40,000 visitors and 1,100 exhibitors from 51 countries present at the Intersolar Europe and at ees Europe 2017; the topic of smart renewable energy took centre stage, propelling the industry ever onward. Annual global deployment of PV installations cracked the 80 gigawatts(GW) mark for the first time in 2017 with 2016 already seeing a 50 percent increase in deployment over the previous year; a renewable energy future is arriving at a breathtaking pace. “Our vision of ‘24 hours of sunshine’ clearly foresees an energy future in which all energy is generated by renewable sources,” says Martin Hackl, Global Director of the Solar Energy Division at Fronius International GmbH. “We will achieve this vision by observing the four pillars of this future – intelligent and efficient generation, distribution, storage and consumption of energy.”

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EDF, Canadian Solar Join Forces For One Of The Largest Solar Projects In LATAM

EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II PV project (115 MWp) from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the PV panels locally. It marks the latest step by EDF in Brazil’s renewable energy sector. With this addition, it now has 489 MW under construction, consisting of 183 MW (wind) and 306 MWp (solar). The project is located close to Pirapora I (191 MWp), also jointly owned by both companies. With a total installed capacity of over 300 MWp, the energy generated by both projects will cover the annual electricity consumption of 323,000 Brazilian homes.

ČEZ Enters French Wind Energy Market With 100MW Portfiolio Initiated By ABO

ABO Wind reports its largest single transaction in the company’s history to date. The project developer has sold nine wind farm projects with a total nominal capacity of about 100 megawatts to the Czech supplier ČZ. 70 percent of ČZ is owned by the Czech government and it is by its own account among the ten largest European energy suppliers. ČZ operates wind farms in several European countries – including Germany – and will now enter the French wind market in cooperation with ABO Wind.

Indian Firm Wins 1.8GW Sweihan Order; The Largest Solar PV Project In The World

Indian company Sterling and Wilson has won the contract for the world’s largest single location solar PV project. The Sweihan project in Abu Dhabi is for turnkey EPC as well as O&M; and is jointly developed by Japanese investment firm Marubeni, Chinese solar company Jinko Solar, and Abu Dhabi Water and Electricity Authority (ADWEA). It will deliver a capacity of 1177 MWp, surpassing the current largest 850 MWp single location plant in China. In March 2017, Marubeni and Jinko had signed a 25-year PPA with ADWEA on a tariff of $0.0242/kWh, making Sweihan also the plant with the lowest electricity price so far.

Vestas Strides Onwards, Winning 90 MW Order For The Largest Wind Park In Greece

Vestas increased its presence in southern Europe with an order for 90 MW of V136-3.45 MW turbines from Eltech Anemos S.A. places, delivered in 3.6 MW Power Optimised Mode. The wind park will be the largest in Greece and the first in the country featuring the V136-3.45 MW. The contract comprises supply and installation of the wind turbines as well as a 20-year Active Output Management 4000 (AOM4000) service agreement to optimise energy output at all times. Delivery of the wind turbines is expected to begin in the first quarter of 2018.