Head Lines

Siemens And Pattern Combine For Major Wind Power Plant In New Mexico And Texas

Americas, Deals & Finance, Energy, Head Lines, Wind

Siemens (Wind Power and Renewables Division) has agreed with Pattern Energy Group LP to deliver, install and service a total of 141 wind turbines for the Broadview Wind project. The project combines two adjacent projects in New Mexico and Texas with a total installed capacity of 324 megawatts (MW). Siemens Financial Services Division will provide loans for the project totalling nearly $100m. The project is expected to supply about 180,000 average U.S. homes and Siemens is expected to commence installation this month.

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IT Innovation Essential For Upcoming Grid Integration Challenges Ahead

Biomass, Europe/Middle East/Africa, Head Lines, Technology

Modern IT solutions can act as a catalyst to accelerate the development of renewable energies, as they play a key role in adapting demand to the prevailing sun and wind conditions. Ulrich Dietz, CEO of GFT Technologies AG stated that successful implementation will require huge investments in the intelligent controlling and grid integration of wind and solar power. He believes that, in Germany, in particular, the IT industry can play a significant role in this change by formulating creative solutions. “If we are fast, we can create 50,000 new jobs in this field over the coming years at IT companies alone”. Experts forecast that 25 to 30 billion euros will have to be invested in Germany by 2030 and that the opportunities for German energy technology and the IT industry on the global markets for smart grids are immense.

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Sunnova Energy Secures $175m From Goldman Sachs In The Growing US Solar Economy

Americas, Deals & Finance, Head Lines, Region

The capital secured with Goldman Sachs ensures Sunnova’s continued growth in the US residential solar market and the company will use the funds for its expansion plans. It has a strategy of partnering with local installers to invest in assets, in order to provide affordable solar power, while creating job opportunities across the US. CEO John Berger stated, “our focus on profitable, scalable growth and a well-capitalised company has established Sunnova as a clear leader in the rapidly growing solar economy and Goldman Sachs’ financing will allow us to continue… bringing consumers a cost-effective, clean choice for their electricity.”

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Dramatic Entry In Solar Sector From Hong Kong-Listed CLP; Invests $1Bn In India

Asia Pacific, Deals & Finance, Head Lines, Region, Solar

One of India’s largest foreign investors in its power sector, CLP India Pvt. Ltd is to enter the solar energy sector to grow its renewables share. The company is planning a $1Bn investment for 1GW of solar power capacity during the next 3-5 years. India has a 2022 target of 100GW of solar power and 60GW of wind power, thus the country needs as much as US $200Bn. As a result, global investors, clean energy companies, and pension funds are flocking to India.

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Flagship Scottish Offshore Wind Project, A Model For Bringing Interests Together

Asia Pacific, Europe/Middle East/Africa, Head Lines, Policy

Beatrice Offshore Windfarm, off the coast of Caithness, will create 900 jobs and generate 588MW of power once operational in 2019. Hailed as the “flagship project for the Scottish offshore wind industry”; it’s claimed that the £2.6bn project will be one of the largest private investments ever made in Scottish infrastructure. Lang Banks, director of conservation group WWF Scotland says that: it’s “great news for the climate and Scotland’s economy, this single project will almost quadruple our offshore wind capacity, helping to reduce our greenhouse gas emissions as well as creating jobs and supporting local economic renewal.”

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Major Development From Nissan Can Boost EV Battery Life, Extend Driving Range

Asia Pacific, Efficiency, Head Lines, Region

Nissan has reached a major breakthrough with its new lithium ion battery generation, which will significantly extend the driving range of zero-emission electric vehicles. As car batteries are continually charged and depleted, overall battery capacities begin to diminish, eventually leading to battery replacement. It remains one of the many issues affecting electric vehicles, however, Nissan believes they may have found the solution by using silicon.

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Indian Railways Commences Trial For Its First Solar Panel-Powered Train

Asia Pacific, Carbon, Head Lines, Region, Solar

India has moved one step closer to the goal of using purely solar-powered trains in the near future. The Indian train system is the fourth largest in the world and Indians are heavily dependent on the railways. Due to the large population, more and more trains are being utilised to keep up with the ever-increasing demand, which means more electricity. Studies show that trains using solar power can reduce diesel consumption; bring down CO2 emissions and additionally, solar and further alternative sources of energy can save on expenditure significantly .

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Invenergy And Empire State Agree On 600MW, $1.2Bn Of Wind Projects In New York

Americas, Deals & Finance, Head Lines, Wind

HVDC transmission developer Empire State Connector Corp. (ESC) has announced that the Company has a Memorandum of Understanding (MOU) with Invenergy, currently developing a portfolio of up to 600 MW of new Upstate New York wind energy generation projects, that the ESC could deliver to downstate electricity customers. The MOU could be a highly significant step in the implementation of the 50% by 2030 Clean Energy Standard under consideration by the New York State Public Service Commission.

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Overcoming Challenges, Solar Market Growth Is Becoming Irresistible

Americas, Asia Pacific, Efficiency, Europe/Middle East/Africa, Head Lines

Solar power is becoming increasingly competitive and is leading to reductions in the costs of photovoltaics. Emerging and developing countries are seeing a new focus on wind and solar power, as generating it is often considerably cheaper than buying electricity from the grid, with long-term solutions providing independence from fluctuations in fossil fuel prices. The improved speed of installation also allows for renewable energy systems to be positioned in areas with greatest electricity demand.

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US Surges Beyond 1 Million Solar Installations, With A Community Solar Future

Americas, Carbon, Head Lines, Solar

A million installations are the result of the work of over 200,000 Americans working in the solar industry and on developments, which have secured a cut in cost per watt by two-thirds within the last 20 years. The next target is another million installations by end 2018. This presents an opportunity to expand access to affordable solar energy. According to the National Renewable Energy Laboratory (NREL), solar is on its way to becoming the single largest source of distributed renewable energy in the US, with the potential to power over five million homes.

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