Vestas has expanded its global presence further and has entered Bolivia with a 108 MW order for the three wind parks, San Julián, Warnes, and El Dorado, all located in the municipalities of Cocota, Warnes and Cabezas in Santa Cruz, central Bolivia. Upon completion, the three wind parks will have a capacity of 40 MW, 14 MW and 54 MW respectively and will make up the Santa Cruz wind project and have a total capacity of 108 MW, which is four times the country’s total currently installed wind capacity; and will significantly accelerate Bolivia’s journey towards phasing out fossil fuels.
Mission E: Porsche’s First Fully Electric Sports Car Is Named Taycan

Porsche have announced that series production of its first purely electric vehicle is set to begin next year. The “Mission E” concept study, the name currently used to describe Porsche’s complete electric offering, will be known as the Taycan. Two permanently excited synchronous motors (PSM) with a system output of over 600 hp (440 kW) accelerate the electric sports car to 100 km/h in well under 3.5 seconds and to 200 km/h in under twelve seconds. This performance is in addition to a continuous power level that is unprecedented among electric vehicles.

Masdar City To Test Latest Concepts In Autonomous Electric Vehicles

ICONIQ Motors, a China-based EV company, has reached agreement to test its autonomous driving concept at Masdar City. The ICONIQ SEVEN, one of the world’s latest EV models is a futuristic vehicle, built on an intelligent, connected vehicle platform integrated with Microsoft’s AZURE cloud technology; and is set to hit the market in 2019. “Masdar City has put smart and sustainable mobility at the centre of its strategy, as highlighted by the historic success of its flagship driverless Personal Rapid Transit (PRT) system,” said Yousef Baselaib, Executive Director of Sustainable Real Estate at Madsar. “It is the ideal location to test innovative autonomous driving concepts.”

IET’s Renewable Power Generation Conference Comes To Copenhagen

The Institution of Engineering and Technology’s popular Renewable Power Generation conference will be making its first visit to Denmark this year. The conference, now in its 7th iteration, will be hosted by the Center for Electric Power and Energy at DTU, which also manages the world-class experiment platform for research and development of renewables integration – PowerLabDK. Over 180 new research papers will be presented at the conference. Attendees will be able to find out the latest ideas and thinking around wind power plant modelling and control; wave and tidal energy; renewable energy forecasting; power conversion and grid interaction; Hybrid systems combining multiple energy sources; the impact of distributed generation and use of HVDC.

EU Parliament Aims Higher For Renewables In Its 2030 Climate And Energy Goals

The European Parliament’s Industry & Energy (ITRE) and Environment (ENVI) committees have voted their position on the Energy Union Governance Regulation, just a week after the ITRE committee called for raising the EU’s 2030 renewable energy target to 35% instead of 27%. The Governance Regulation sets out how EU Member States will deliver the EU’s 2030 Climate and Energy goals including the binding EU renewables target and how they will give visibility to renewable energy investors on post-2020 deployment volumes. The IEA now says that wind will be Europe’s leading electricity source soon after 2030.

Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

ABB Microgrid In South Australia Strengths Power Grid And Improves Reliability

ABB will supply a microgrid solution to the Energy Storage for Commercial Renewable Integration (ESCRI) project, which will provide a more secure power supply in an area that has high renewable penetration into the grid. The solution will connect an ABB Ability PowerStore 30 megawatt (MW) battery energy storage solution to the Electranet transmission system enabling the value stacking of storage in the regulated energy market, improving power reliability. ABB has installed over 40 such global sites, serving remote communities, islands, utilities and industrial campuses.

IRENA: Clean Energy Deployment, Core To Sustainable Development Goals

The International Renewable Energy Agency (IRENA) will highlight the central contribution renewables make to sustainable development and the substantial, cross-sectoral socioeconomic benefits of energy transformation during the United Nations High-Level Political Forum (HLPF) on Sustainable Development. The meeting will take place at UN headquarters in New York from July 9-18. The meeting will review the implementation of a number of Sustainable Development Goals (SDG), including SDG 7 – access to affordable, reliable, sustainable and modern energy; and will underscore the importance of accelerating renewable energy deployment to realize SDG 7 as well as a number of other key goals.

Industry, Policy Makers Explore South Eastern Europe’s Vast Renewable Potential

Policy makers and industry recently gathered at an event held jointly by WindEurope and Eurelectric to look at how to unlock the vast potential of wind energy in South East Europe. It explored ways to restart local markets in view of the Clean Energy Package, with a focus on Bulgaria, Greece and Romania. An enormous 500 GW of wind energy is available in South East Europe, a potential which is currently not being realised. Following the event, held in Sofia, a series of recommendations to help unlock this potential, were issued.

 
Benelux Infrastructure Forum Returns To Amsterdam For 17th Consecutive Year

Registration is now open for the 17th annual Benelux Infrastructure Forum. The industry-leading event for the Benelux region is returning to Amsterdam, Netherlands on the 21st and 22nd November 2018 for its 17th consecutive year. This year’s event will focus on exploring new financing mechanisms and alternative markets. It will also include an in-depth look at the different project financing models within the Benelux region for infrastructure projects, including; Public-Private Partnerships (PPP), institutional investment schemes, pension funds, debt financing, government funding, project refinancing, and more.

Growth Of Renewables In Peru As Enel Opens Largest Wind Farm In Country

Enel is now Peru’s leading renewable energy generator with around 1.1 GW of installed capacity following the commissioning of Wayra I which, with more than 132 MW, is now Peru’s largest wind farm. Built in approximately a year and comprising 42 wind turbines of 3 MW over each, it’s expected to produce 600 GWh per year; enough to avoid the annual emission of over 285,000 tonnes of CO2 into the atmosphere. The energy generated by the wind farm is being delivered to the Peruvian transmission grid (SEIN) through the Poroma substation. The project is supported by a 20-year energy supply contract with Peru’s Ministry of Energy and Mines.

Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever, taking cumulative investment since 2010 to $2.5 trillion. An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This outpaced changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany. The figures up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, in 2015.

Vestas Sets 10.6 GW Record In 2017 After Year-End Surge; Ups Cashflow Guidance

Vestas has received a firm and unconditional order for 190 MW of 4 MW platform turbines in the U.S. taking the global order intake for the company in 2017 to 10.6 GW, surpassing 2016’s record order intake of 10.5 GW. The surge of orders at the end of the year has resulted in the company revising its guidance for free cashflow upwards. It now expects the free cashflow for 2017 to be €1.15bn-€1.25bn, as compared with the previous guidance of €450m-€900m. Markets have reacted favourably with the company share price experiencing an increase of 5%. 


 

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