• Masdar signs 1GW solar energy development project with Kyrgyz government
    Apr 22, 2022 Masdar signs 1GW solar energy development project with Kyrgyz government
    Abu Dhabi-based renewable energy company Masdar will seek to invest in the development of renewable energy projects of up to 1 gigawatt in Kyrgyzstan under an agreement with the Kyrgyz government. Masdar, also known as Abu Dhabi Future Energy Company PJSC, will seek investments in a variety of renewable energy technologies, including ground-mounted and floating solar photovoltaic (PV) and hydropower. The company said on Friday that it had signed a memorandum of understanding (MoU) with the Kyrgyz Republic's Ministry of Energy on the initiative. Masdar's potential investment is expected to enable Kyrgyzstan to achieve its 44 percent reduction in carbon dioxide emissions and its carbon neutrality 2050 goals. The Central Asian country gets 90 percent of its electricity from clean energy, mostly from aging hydropower plants. Abdulla Zayed, head of development and investment in Asia at Masdar, said: "Kyrgyzstan has great potential to develop a wider range of clean energy, including solar and floating solar, which will lead to greater energy security, and support better management of water resources.” Masdar has renewable energy investments in 40 countries worth more than $20 billion (about 1.85 billion euros), the company's 2021 sustainability report shows. The projects it has invested in, both installed and under development, exceed 15GW. Last month, it launched construction of a 230-megawatt solar power plant in Azerbaijan. (1.0 USD = 0.927 EUR)
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  • Help achieve the
    Jan 26, 2022 Help achieve the "Net Zero Goal"! Nearly 4GW of rooftop PV systems will be deployed in London by 2050!
    The UK capital, London, will have nearly 4GW of rooftop PV systems deployed by 2030, which will play a key role in achieving its net-zero emissions targets, research shows. Four options to help decarbonise London are presented in a new report from a study commissioned by London Mayor Sadiq Khan from Element Energy. While all four scenarios of "high electrification, high hydrogen, unrestricted, accelerated green" feature higher energy efficiency, behavioral change, and electrification, they vary in speed and technology choices. PV systems are expected to play a key role in the decarbonisation of residential and non-residential buildings in all scenarios, with London setting a target of deploying 3.9GW of PV systems by 2050. This will require more policy support and additional funding and financing, especially to support energy projects in the community In high electrification and high hydrogen scenarios, PV systems will still play an important role, with the goal of deploying 2GW of PV systems by 2050. The City of London has launched several programmes to support the deployment of more PV systems, the most recent being the London PV Skills Project, which will fund training in PV systems, energy storage systems and low carbon technologies. Photovoltaic systems are also eligible to be supported by the Warm Homes discount, with £51 million to be spent in 2021 to roll out energy-efficient technology to low-income households in London. The research report, published by Element Energy, lists energy efficiency, electric vehicle charging, heat pumps and the rollout of demand-side response solutions as key areas of focus for development. Khan said, “It is clear that the costs of not taking active action will far outweigh the costs of transitioning to net zero and reducing air pollution, while deploying large numbers of PV systems is good for our economy, livelihoods, environment and people’s health. This is now Why you need to start a conversation with people, local governments and businesses about the best way to create the green, sustainable cities that people all want to see.”
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  • Global push for photovoltaic power generation projects to help achieve
    Dec 24, 2021 Global push for photovoltaic power generation projects to help achieve "carbon neutrality"
    In 2021, photovoltaic markets around the world will flourish, and photovoltaic manufacturers will accelerate the construction and deployment of photovoltaic projects around the world. The following is a brief introduction to the financing of photovoltaic projects around the world in 2021. Canadian Solar, a photovoltaic module manufacturer and battery energy storage solution provider, announced the sale of a 635MW Jaiba V photovoltaic project to Brazilian renewable energy developer VTRM. The project is located in the state of Minas Gerais in the northeast of Brazil. It is currently in the late stage of development. It is expected to start construction in 2022 and achieve commercial operation in 2023. Renewable energy investment and developer Nala Renewables signed an acquisition agreement with renewable energy developer Solek to acquire a portfolio of 150MW photovoltaic projects under development and construction in Chile. The investment portfolio is expected to be fully operational within the next two years and will be operated under the special system of distributed power generation projects in Chile. Solek will perform engineering, procurement and construction contracts (EPC) and operations and maintenance contracts (O&M) for these projects. Investor Moonvalley Capital is Nala Renewables and the financial advisor for this transaction. Ayana Renewable Energy Pte Ltd, a renewable energy developer in India, announced an agreement to acquire a 100% stake in a 250MW photovoltaic project developed and operated by ACME Photovoltaic Holdings Pte Ltd. The project is located in Jodhpur, Rajasthan, India, and is connected to the interstate transmission system to supply power to Maharashtra Distribution Co., Ltd. under a long-term power purchase agreement. Investment manager Goldman Sachs Asset Management signed a definitive agreement with Dynamic Energy Solutions, a utility-scale photovoltaic project developer, to acquire 11 photovoltaic projects with a total installed capacity of approximately 70MW built across Maine in the United States. The project portfolio is expected to go online in 2022 and 2023, and will be connected to the power distribution systems of Maine utility companies Central Maine Power and Versant. American Standard Solar is a developer specializing in photovoltaic system development and financing. It has acquired a 10MW community photovoltaic project portfolio in Oregon, the United States. The electricity generated by the three ground-mounted community photovoltaic projects will provide clean energy to residents and businesses in the areas served by Portland General Electric (PGE) and Pacific Power Company. BW Solar, a joint venture between BW Solar and Capital Power, has signed a member equity purchase and sale agreement under which Capital Power will acquire 20 photovoltaic and energy storage development investment portfolios in the United States. The total installed capacity of the investment portfolio is approximately 1,298 MW,...
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  • Ecuador launches 500 MW renewable energy tender
    Dec 16, 2021 Ecuador launches 500 MW renewable energy tender
    The Ministry of Energy and Non-Renewable Natural Resources of Ecuador initiated three different tenders to achieve 900 MW of power generation capacity and a transmission line. Through Bloque de Energías Renovables No Convencionales, one of the procurement activities, the Ecuadorian authorities intend to allocate 500 MW of installed electricity from hydroelectric, wind, solar and biomass power plants. These projects will be distributed in different geographical areas of the country, and their joint development is expected to require an investment of US$875 million. The second tender is for the construction of a transmission line connecting the National Interconnection System (SNI) and the Interconnection Power Petroleum System (SIEP). The new line aims to provide clean energy for the national oil industry, and its construction requires an investment of US$386 million. Through the third tender, the Ecuadorian government hopes to build a 400 MW combined cycle natural gas power plant. Starting today, interested developers can submit their project proposals. Ecuador announced a renewable energy tender plan of more than 1 GW in September. According to data from the International Renewable Energy Agency (IRENA), by the end of 2020, this Latin American country has installed only 28 megawatts of solar photovoltaic capacity. In the past seven years, it has deployed only 2 megawatts of photovoltaics.
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  • The installed capacity of European household photovoltaic energy storage systems will reach 12.8GWh in 2025
    Dec 06, 2021 The installed capacity of European household photovoltaic energy storage systems will reach 12.8GWh in 2025
    • The European Photovoltaic Industry Association recently announced that the capacity of residential solar energy storage systems deployed in Europe will increase from 3GWh in 2020 to 12.8GWh in 2025. • European household optical storage systems will increase by 44% in 2020, and 140,000 sets will be installed. According to reports, the European Photovoltaic Industry Association recently announced that according to the forecast of the European residential photovoltaic market in the next few years, the European residential photovoltaic and energy storage market will grow by more than 400% by 2025. The installed residential energy storage system capacity It will increase from 3GWh in 2020 to 12.8GWh in 2025. The European Photovoltaic Industry Association recently released a survey report on the "European Household Battery Energy Storage Market Outlook" covering 2021-2025. The report analyzes the synergy between household photovoltaics and energy storage systems. The survey shows that in 2020, the number of household solar energy storage installations in Europe has increased by 44% to 140,000. This marks the first time that Europe has installed more than 100,000 household energy storage systems within 12 months, setting a new milestone for the European energy transition. As European countries are in trouble during the recent energy price crisis, the report demonstrates the cost-effectiveness of installing energy storage systems to support household photovoltaics. The cost of electricity per kilowatt-hour of household users who installed household optical storage systems in Germany was 12.2 Euro cents/kWh last year. Germany has the highest proportion of installed battery energy storage systems for household photovoltaics, accounting for 70% of the newly added energy storage capacity in Europe. The five major markets of Germany, Italy, the United Kingdom, Austria and Switzerland have installed 93% of household optical storage systems in Europe. Walburga Hemetsberger, CEO of the European Photovoltaic Industry Association, said: "With the popularity of household photovoltaics, more and more households realize that energy storage systems can maximize the value of household photovoltaic systems. Although Europe is increasingly receiving The impact of energy price shocks related to natural gas, but photovoltaic and energy storage systems are clear answers to energy price fluctuations." Hemetsberger continued, “The combination of photovoltaics and energy storage is the key to achieving EU climate neutrality by 2050. It will not only enable the EU to increase the generation of renewable energy, but also importantly, photovoltaics and energy storage will be at their peak. Homes and businesses provide reliable, clean, and cost-effective energy. Energy policymakers must recognize this huge potential and highlight the characteristics of distributed energy storage when revising the national energy and climate plan." And Michael Schmela, Director of Market Intellig...
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  • Greece prepares for 600 MW wind-solar tender in March
    Dec 01, 2021 Greece prepares for 600 MW wind-solar tender in March
    According to Energypress, Greece is preparing for a mixed tender for a 600 MW wind and solar project in March 2022. The project will be supported by Greece's 2.27 billion euros (2.57 billion US dollars) national assistance program. The upcoming round of bidding plans is expected to be officially announced at the end of this year. The proposed capacity will be allocated in the onshore wind power and photovoltaic (PV) plans, but the specific goals of the two types of plans are still unclear. According to the report, if a sufficient number of new projects reach the maturity level, the quota may increase. The funds granted for the production capacity will be paid from Greece's national assistance program to support the generation of renewable energy and high-efficiency combined heat and power (CHP) power plants. The European Commission (EC) approved the plan last week. The project will be open until 2025 and will fund approximately 4.2 GW of installed capacity through a 20-year contract. An unnamed source told Energypress that about 3 GW of the total power generation comes from onshore wind and solar power. It is speculated that the plan will support 1 gigawatt of renewable energy projects in 2022. (1.0 Euro = 1.132 USD)
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  • Internationally renowned law firm: Investors have increased their interest in photovoltaics and energy storage
    Nov 29, 2021 Internationally renowned law firm: Investors have increased their interest in photovoltaics and energy storage
    An investigation report recently released by a well-known international law firm shows that as the global energy transition accelerates investment from fossil fuels to clean energy, investors are eager to transfer their funds to battery energy storage systems and photovoltaic projects. Despite the hype, investors' enthusiasm for hydrogen energy investment seems to have weakened. This report details the changing trends of investor interest. Ashurst Law Firm surveyed thousands of senior executives from the Group of Twenty (G20), including Australia, who participated in corporate investment decisions. The average annual turnover of their companies was US$8.8 billion (A$12.2 billion). The survey shows that in the past 12 months, investor interest in battery energy storage systems and photovoltaic projects has surged. Most of the investment opportunities are in North and South America, while the UK and Australia are lagging behind. The report states: “In terms of current and expected investments in renewable energy, energy transition and decarbonization technologies, the North American market continues to lead. The South American market is followed closely by the South American market, which has exceeded the results of our 2020 study. The Middle East. Investment activities in the Americas market are increasing rapidly, while the investment intentions of respondents in other markets (including Australia and the United Kingdom) are somewhat lagging behind these markets. This may reflect the higher growth in the American and Southeast Asian markets. Chance." In the survey conducted in 2021, two-thirds (67%) of investors indicated that they have invested or are planning to invest in energy storage technology, while in the 2020 survey, this proportion is less than half (47%). ). Battery energy storage system is the energy storage technology of choice for investors, and investors are attracted by the rapid increase in its performance and cost. There has also been a similar surge in investor interest in photovoltaic projects, with 69% of respondents indicating that they have or are considering investing in photovoltaic projects, up from 52% a year ago. However, the growth of investor interest in all clean energy technologies is not consistent. The proportion of investors planning to enter the hydrogen energy field has dropped from 40% in 2020 to 31% in 2021. In recent years, due to the potential of hydrogen energy to provide storable and flexible zero-emission energy, investors' interest in hydrogen energy has surged. However, hydrogen energy will face competition from other clean energy technologies in certain industries, especially in the transportation and other industries. Electric vehicles are regarded as the most likely technology winners. Investor interest in onshore wind power projects has declined, and one-third (33%) of investors hope to maintain their market share, down from 42% a year ago. However, in general, due to technological progress and in...
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  • Spain's electricity prices have skyrocketed, and residents are enthusiastic about installing household photovoltaic + energy storage
    Nov 22, 2021 Spain's electricity prices have skyrocketed, and residents are enthusiastic about installing household photovoltaic + energy storage
    Spain's electricity prices have skyrocketed, and residents have been enthusiastic about installing household photovoltaic + energy storage. The cost can be paid back in 5 years, and the installation volume has skyrocketed! In a small town in the eastern part of Madrid, Spain, on a sunny and cold morning, Esther Banales was standing in front of her house. A technician climbed up the roof to install 16 gleaming solar panels. She hoped it would Cut electricity bills by more than one-third. In sunny Spain, rooftop solar companies say that more and more people are looking for home systems to avoid soaring electricity prices because the natural gas needed for recovery after the epidemic is in conflict with a tighter supply than usual. Barnales said: "We see electricity bills rise, and people are talking about whether we will have power problems, so I decided this is the right time (solar).". According to the Norwegian company Otovo, which arranged the Banales installation, demand in several European countries is surging. Since 2018, electricity bills in Spain have risen by an average of nearly 12%. According to data from the consumer association FACUA, under a widely used electricity price, electricity bills in the first two weeks of November have increased by 50% over the same period last year. A device like Barnales includes an inverter that converts raw electricity into electricity that she can use. All these devices are not cheap-she spent 7,600 euros (8,597 US dollars), but expects to pay for itself soon. The Spanish renewable energy trade organization APPA said that if the price remains at the current high level, household solar systems can save 40-60% of electricity bills every year. APPA said that government subsidies of about 900 million euros, coupled with local tax relief, this cost will be recovered within five years, the recent surge in installations. Spain electricity prices are rising fiercely, solar panels are popular in Spain, and Spanish household photovoltaic + energy storage grows Although the increase in electricity prices in Spain has eased recently, it is still much higher than last year's level. Spanish families are suffering, as are Spanish companies. Especially in industry, profit margins are most affected by increased costs. This week, the Association of Employers of Power-intensive Industrial Companies (AEGE) once again condemned this. In the metallurgy, chemical, steel and other industrial sectors, electricity may account for 60% of their total costs. Electricity prices may become a torture in 2022, and may lead to dire consequences, such as the closure of factories and the subsequent blow to Spanish employment. The industrial sector maintains a tense relationship with the government because of the lack of solutions after the five-fold increase in electricity prices in the summer, reaching more than 288 euros/MWh in October. This Saturday, the average electricity price in the wholesale market will drop to 180.48 euros per M...
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  • India allocates another 3.2 billion US dollars to support photovoltaic manufacturing plan
    Nov 19, 2021 India allocates another 3.2 billion US dollars to support photovoltaic manufacturing plan
    In order to support gigawatt-scale solar module production, the Indian authorities announced additional funding of US$3.2 billion for the photovoltaic manufacturing incentive program. In order to get rid of the dependence on foreign photovoltaic manufacturing capacity, India encourages local and global companies in India to establish large-scale photovoltaic manufacturing plants in India, and provides relevant incentives. In April 2021, the United Cabinet of India approved the proposal of the Ministry of New Energy and Renewable Energy (MNRE) on the implementation of the production-linked incentive (PLI) plan of the “National Plan for High-Efficiency Solar Photovoltaic (Photovoltaic) Modules” to achieve 45 billion euros ( About 605 million U.S. dollars) gigawatt-scale manufacturing. Solar photovoltaic manufacturers will choose through a transparent and competitive bidding process. This award will be issued within five years after the solar photovoltaic manufacturing plant is put into production. India's current domestic production capacity of photovoltaic cells is about 2.5GW, and the production capacity of modules is about 9-10GW. The previous bid for the incentive plan attracted bids for the production capacity of 54.5GW of solar equipment. Now that India has increased its budget, bidders who failed to win the project under the production-related photovoltaic manufacturing incentive plan still have the opportunity to obtain funding. India has set a goal of 100 GW of installed photovoltaic capacity by 2022 and 450 GW of renewable energy generation capacity by 2030, with photovoltaics accounting for nearly 300 GW of total installed capacity. According to its plan, from 2020 to 2030, India’s manufacturing plan will have a series of impacts. By 2030, India’s photovoltaic projects may exceed 300GW, a large part of which will be produced by Indian companies or joint ventures (in cooperation with overseas companies). Batteries, solar panel, materials and BOS parts.
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