Head Lines

Japan’s Jera Accelerates Growth Of India’s ReNew Power With $200m Investment

Asia Pacific, Deals & Finance, Head Lines, Solar

JERA Co., a joint venture between two of Japan’s largest utility companies, Tokyo Electric Power Co., Inc. and Chubu Electric Power Co has invested $200m in ReNew Power, one of India’s largest clean energy companies, as its first investment in the Indian energy sector, where significant economic growth has brought increased demand for electricity. In addition, the Indian government has set a target of introducing 100 GW of solar and 60 GW of wind power generation by 2022. The acquisition of a 10 percent stake values ReNew Power at $2 bn.

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US: Smart Electricity And Grid Join Forces With SEPA, SGIP Merger Announcement

Americas, Efficiency, Head Lines

The merger provides a single source for information and collaboration for utilities and distributed energy resources (DER) providers on the smart transition to clean energy. Julia Hamm, CEO and President of the Smart Electric Power Alliance (SEPA), and Sharon Allan, CEO and President of SGIP, announced the intent to merge the two organisations under the SEPA brand, stating that given the increasing integration of DER and grid modernization, a merger of SGIP and SEPA makes sense. Hamm said. “Moreover, the combination of resources and expertise will accelerate grid modernization efforts and have an even greater impact on the industry.”

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The US Now Employs More In Wind Power Than In Nuclear, Gas, Coal Or Hydro

Americas, Head Lines, Policy, Region, Wind

Wind power employs just over 100,000 Americans according to new data released by the U.S. Department of Energy (DOE), more than work at nuclear, natural gas, coal, or hydroelectric power plants. “Wind means opportunity and job security for over 100,000 Americans,” said Tom Kiernan, CEO of the American Wind Energy Association. “The Department of Energy’s new jobs data underscore the incredible impact of wind power in creating American jobs for workers, who directly contribute to our nation’s energy independence and economic success story”.

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EDF RE Commences Operations at 225 MW Great Western Wind Project For Google

Americas, Deals & Finance, Head Lines, Wind

EDF Renewable Energy (EDF RE) has announced that the 225 MW Great Western Wind Project has begun commercial operation. The project’s output is provided to Google under a long-term Power Purchase Agreement (PPA). Tristan Grimbert, President & Chief Executive Officer, EDF-RE commented that, “the success of the wind industry in 2016 can be attributed in part to corporate purchasers, like Google, who demonstrate their commitment to affordable renewable energy. Their participation to directly procure wind power, along with the Production Tax Credit, benefits Americans through manufacturing job creation, energy independence and support to American farmers.”

EDF RE Commences Operations at 225 MW Great Western Wind Project For Google Read More »

MHI Vestas Offshore Wind Wins Record Order for 450 MW Project In Germany

Deals & Finance, Europe/Middle East/Africa, Head Lines, Wind

DONG Energy has placed a milestone order with MHI Vestas Offshore Wind for the 450 MW Borkum Riffgrund 2 project in Germany. The record-breaking order is the largest ever for MHI Vestas, demonstrating the strong relationship with DONG Energy. It includes a five-year full-scope service contract with an availability guarantee, ensuring optimised performance of the wind power plant with maximum power output. When completed in early 2019, it will be one of the largest offshore wind power plants in Germany generating enough energy to cover the consumption of 460,000 households.

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BNEF – Overall Clean Energy Investment Slows, Yet Wind Surges To Record Levels

Deals & Finance, Head Lines, Region, Solar, Wind

New investment in clean energy worldwide fell 18% last year to $287.5bn, despite a record year for offshore wind, according to latest figures from Bloomberg New Energy Finance. Chinese slowdown and falling costs of solar power were two of the reasons. However, even though overall investment in clean energy was down in 2016, the total capacity installed was not. Estimates from BNEF’s analysis teams are that a record 70GW of solar were added last year, up from 56GW in 2015, plus 56.5GW of wind, down from 63GW but the second-highest figure ever.

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Tata Commissions Solar And Wind Projects, Strengthens Position In India

Deals & Finance, Head Lines, Hydro, Solar, Wind

Speaking on this, Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, “With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power’s aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities.”

Tata Commissions Solar And Wind Projects, Strengthens Position In India Read More »

EDF Expansion In Americas. Clean Energy Projects Totalling 708 MW And 501 MWac

Americas, Energy, Head Lines, Region

EDF Energies Nouvelles is announcing the commissioning of four wind farms in the United States with an installed capacity totalling over 708 MW. In North America, the Group has also accelerated its solar energy expansion drive in 2016 with notably a new 150 MWac project in the United States. It contributes to the EDF Group’s CAP 2030 strategy aimed at doubling its renewable energy capacity by 2030. There are 4 new wind energy projects with 3 of these linked to the commitments made by multinationals to reduce their carbon footprint.

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New Energy Record In UK: Wind Outperforms Coal In 2016

Carbon, Europe/Middle East/Africa, Head Lines, Wind

New statistics by Carbon Brief shows that more electricity was generated by wind than coal in 2016. It’s the first time that wind has surpassed coal for an entire year, generating 11.5% of the UK’s power, compared to just 9.2% from coal. Overall, a quarter of the UK’s electricity came from renewables in 2016. This milestone is a significant first for the UK, reflecting a massive decline in coal generation, which contributed just 9.2% of UK electricity last year, with 11.5% from wind. The coal collapse has seen its output fall to the lowest level since 1935.

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Bangladesh Begins To Realise Solar Potential With 200MW Teknaf Solar PV Project

Asia Pacific, Energy, Head Lines, Policy, Solar

Bangladesh has begun to realise its immense solar potential and perhaps, also the associated challenges. Southern Solar Power Ltd, a Bangladesh-based subsidiary of the now-bankrupt US-based SunEdison is to build a solar power plant, within 18 months and will be the lead developer of the solar PV project. The project is the biggest ever solar-based electricity generation plant in Bangladesh and will be built at Teknaf in Cox’s Bazar, costing an estimated $300m.

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