Head Lines

Russia: Abundance Of Renewables Can Fuel Growth; Quadruple Clean Energy By 2030

Biomass, Europe/Middle East/Africa, Head Lines, Hydro, Policy

Russia can increase the share of renewables in its energy mix from roughly 3 percent today to more than 11 percent by 2030, according to new findings by IRENA. The growth in renewable energy use would represent nearly a fourfold increase in the share of renewables between 2014 and 2030. To implement the study’s recommendations, an annual investment of approximately USD 15 billion per year between 2015 and 2050 is required, but IRENA shows that the benefits can exceed costs when externalities related to human health and climate change are considered. According to current estimates Russia has the largest wind potential in the world.

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GE Completes $1.65bn Acquisition Of World Leading Manufacturer Of Turbine Blades

Deals & Finance, Head Lines, Technology, Wind

With a stated objective of insourcing of blade manufacturing to strengthen its supply chain and increasing competitiveness by delivering greater value, GE Renewable Energy has completed its $1.65bn acquisition of Danish LM Wind Power; one of the world’s biggest producers of wind turbine blades, supplying not only GE’s existing renewables business but also rivals such as Gamesa of Spain and Goldwind of China. The deal is the biggest since GE created a separate renewables arm and LM Wind Power is to continue supplying wind blades to all industry players.

GE Completes $1.65bn Acquisition Of World Leading Manufacturer Of Turbine Blades Read More »

India’s Solar Objectives Get Major Boost with 750MW Rewa Ultra Mega Solar Park

Asia Pacific, Head Lines, Policy, Solar

India’s State Government of Madhya Pradesh has signed agreements making Rewa Ultra Mega Solar Park a reality and helping India get closer to its 100 GW solar energy goal by 2022. IFC, a member of the World Bank Group, is the lead transaction advisor for the project that will mobilise $550 million in private investment and avoid a million tonnes of GHG emissions. The 750 MW capacity project was auctioned in three packages of 250 MW each and will be one of the biggest single site solar projects in the world.

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Morocco Rises: Starts Construction On The World’s Largest Solar Power Complex

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

In the presence of the Moroccan King, Mohammed VI, construction commenced on the country’s fourth power plant – NOORo IV – which will become the largest solar power complex in the world, providing electricity for 1.3 million people. After commissioning, at the beginning of 2018, the PV plant will enable annual savings of at least 56,000 tonnes in CO2 emissions. When all four power plants are combined, CO2 emissions will be reduced by around 800,000 tonnes every year. The Noor complex is scheduled to be completed by 2019 and supply a total of 580 MW of output power from three solar thermal energy plants and one photovoltaic plant.

Morocco Rises: Starts Construction On The World’s Largest Solar Power Complex Read More »

Clean Energy Revolution For Japan: Inauguration Of Asia’s First E3 Power Plant

Asia Pacific, Biomass, Carbon, Head Lines

Six years after the natural disaster and the reactor catastrophe in the Fukushima prefecture, governor Masao Uchibori has inaugurated the first E3 power plant by pressing the button that starts the operations. The clean energy power plant by ENTRADE, located at the small health resort Nishigo, uses biomass which is available in the region – for instance pellets derived from waste wood and sawdust – to provide a hotel and a spa resort with electricity, heat and cooling. After the successful start-up of the pilot plant further E3 power plants shall be set up during the following weeks.

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Xcel Files 1,230 MW Wind Proposal Claiming $2.8Bn Customer Savings Over 30 Years

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

Xcel Energy has filed a proposal, seeking approval to construct the 522MW Sagamore wind facility in New Mexico and the 478MW Hale wind facility in Texas, as well as a long-term PPA in Texas for 230MW supplied by the Bonita wind facility. The utility company forecasts that this will save customers located in both states approximately $2.8 billion over a 30-year period, borne from integrating the lower-cost wind energy resources into the company’s energy portfolio. The additional 1,230 MW of wind energy is enough electricity to power more than 440,000 typical homes, according to Xcel.

Xcel Files 1,230 MW Wind Proposal Claiming $2.8Bn Customer Savings Over 30 Years Read More »

SunPower Is Top Panels Provider In First Round Of French Solar Projects Tender

Americas, Energy, Europe/Middle East/Africa, Head Lines, Solar

SunPower has announced that, in the first round of France’s tender process for large-scale solar power, the company will supply 31 percent of the solar panels required for the awarded solar projects, more than any other solar panel brand. In total, the company will provide 130MW of its high-efficiency SunPower® E-Series solar panels for installation at 25 ground-mount and carport solar projects. The company states that a majority of the panels will be manufactured at its facilities in Toulouse, France.

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Tata Ramps Up Manufacturing Capabilities To Meet Increased Demand For Modules

Efficiency, Head Lines

Keeping up with Government of India’s progressive ‘Make in India’ plan of domestic production with enhanced efficiency of solar cells and modules, Tata Power Solar, India’s largest integrated solar company, announced a significant expansion and modernisation of its world-class, cell and module manufacturing, facility in Bengaluru. The two-stage expansion doubled the company’s module capacity to 400 from 200 MW and increased its cell manufacturing capacity by 65 percent from 180 to 300 MW.

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Nordex Achieves Leadership And 25% Market Share In Turkey

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

In 2016 Nordex consolidated its position as market leader in Turkey. With some 350 megawatts, the manufacturer accounted for a good 25% of the capacity installed in 2016. This means that Nordex remains the frontrunner in the market as a whole: with 1.5 GW the company has set up around one-quarter of the total installed capacity in Turkey amounting to 6.1 GW. The Group has now installed more than 21 GW of wind energy capacity in over 25 markets and in 2016 generated revenues of EUR 3.4 billion.

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Edify Energy, Wirsol Complete Landmark Solar Farm Project Financing

Asia Pacific, Deals & Finance, Europe/Middle East/Africa, Head Lines

Australian developer Edify Energy and German investor Wirsol have successfully completed Australia’s largest single solar project financing to build and operate 3 new large-scale solar farms: the Whitsunday and Hamilton Solar Farms in Queensland, and the Gannawarra Solar Farm in Victoria. When complete in Q1 2018, the Queensland and Victorian markets will benefit from an additional 198 MWp of renewable capacity, including the first large-scale farm in Victoria. Both companies are confident that investment in large-scale renewable energy will become more common place.

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