Region

EIB to Bankroll Offshore Wind Projects: Benelux Infrastructure Forum

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

European Investment Bank (EIB), participants of this year’s Benelux Infrastructure Forum, have recently announced their intention to support the transition towards renewables by bankrolling offshore wind projects. The Benelux region has been seeing huge developments in renewables and related infrastructure. EIB, who are also speaking at this year’s Benelux Infrastructure Forum on 21-22 November in Amsterdam, recently approved financing for an offshore wind project in Belgium, as part of the €3.4 billion investment package for renewable energy, energy efficiency, Near Zero Energy Buildings, hydropower and district heating projects.

EIB to Bankroll Offshore Wind Projects: Benelux Infrastructure Forum Read More »

Masdar City To Test Latest Concepts In Autonomous Electric Vehicles

Europe/Middle East/Africa, Region, Technology

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.”

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EV, Renewables See CO2 Emissions Plateau By 2030, But Far From 2 Degree Pathway

Carbon, Energy, Region

Major shifts in the global energy landscape, particularly related to electric vehicles (EVs) and renewable energy sources, mean that MEI expects global CO₂emissions to plateau by 2030. However, increased global energy demand means emissions will remain at more than double the level required for a 2 degrees Celsius warming pathway. Ole Rolser, Associate Partner and Solution Leader at MEI, comments: “Despite the significant momentum around EVs and renewable energy sources taking an increasing share of the power market, to realise the 2 degrees pathway scenario, we’d have to see much broader, much more disruptive change than what we’re seeing now.”

EV, Renewables See CO2 Emissions Plateau By 2030, But Far From 2 Degree Pathway Read More »

Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

Deals & Finance, Energy, Head Lines, Region

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.

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Construction Starts On Horns Rev 3, Denmark’s Largest Offshore Wind Farm

Deals & Finance, Europe/Middle East/Africa, Region, Technology, Wind

Construction is commencing on Denmark’s largest offshore wind farm, the 406 MW Horns Rev 3. Vattenfall won the contract for its construction in 2015 and is installing the first of a total of 49 foundations in the North Sea. It is the first time in five years that an offshore wind farm will be built in Denmark and when Horns Rev 3 is complete, it will provide enough power to satisfy the annual electricity consumption of 425,000 Danish households. The 8.3 MW turbines are 187 metres high and have a rotor diameter of 164 metres. They are manufactured by MHI Vestas and are today one of the world’s most powerful wind turbines.

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EV Revolution To Hit Global Auto Industry Even Harder And Faster Than Expected

Carbon, Energy, Head Lines, Region

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.

EV Revolution To Hit Global Auto Industry Even Harder And Faster Than Expected Read More »

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

Carbon, Hydro, Region, Solar, Wind

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.

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

SolarEdge Launches Fastest EV Charging Technology; Combining Grid With PV Power

Energy, Region, Technology

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.

SolarEdge Launches Fastest EV Charging Technology; Combining Grid With PV Power Read More »

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

Carbon, Deals & Finance, Energy, Head Lines, Region

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.

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

Vestas Strengthens R&D Capabilities With New Portugese Engineering Design Centre

Region, Technology, Wind

Vestas has opened an engineering design centre in Porto, Portugal, to further strengthen its global research and development setup, further strengthening its industry-leading investments in research and development. The centre will be responsible for developing core technology for Vestas’ product portfolio and is part of Vestas’ existing research and development (R&D) setup, which includes sites in the UK, Norway, Germany, India and the company headquarters in Aarhus, Denmark.

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