Month: December 2020

Orsted remains focused on U.S. offshore wind market

first_imgOrsted remains focused on U.S. offshore wind market FacebookTwitterLinkedInEmailPrint分享The Wall Street Journal:Danish energy company Ørsted A/S is considering a bid for several U.S. offshore-wind projects and already has the required funding in place, the company’s finance chief said.“There are a lot of auctions coming up in the U.S.,” said Ørsted Chief Financial Officer Marianne Wiinholt in an interview Friday with CFO Journal. “We feel we are well-positioned.”The U.S. would be key to Ørsted’s efforts to grow its global footprint. The company has installed about 25% of the installed offshore-wind capacity in the world, according to Marcus Bellander, an analyst at Nordea Bank AB.Earlier in August, Ørsted made its first major investment in the U.S. when it agreed to buy Lincoln Clean Energy LLC, a Chicago-based onshore wind and solar company, for $580 million.Bidding for capacity in the U.S. is next on the agenda. Massachusetts, New York and New Jersey each plan to select a bidder for offshore-wind projects in the coming quarters. Connecticut is set to announce the winner of a zero-carbon energy project in the next few months. The company hasn’t made a decision on which U.S. projects it will target. “We are looking into all of them,” Ms. Wiinholt said.The CFO’s comments come after Ørsted lost out in an auction in Massachusetts in May. It was a major setback in its quest to enter the U.S. market. “This was unexpected,” Mr. Bellander said.More ($): Denmark’s Ørsted plans to bid on new U.S. offshore-wind projectslast_img read more

Thailand plans 2.7GW of floating solar capacity

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:Thailand plans to build the world’s largest floating solar farms to power Southeast Asia’s second-largest economy and to boost the country’s share of clean energy.State-run Electricity Generating Authority of Thailand (EGAT) will float 16 solar farms with a combined capacity of more than 2.7 gigawatts in nine of its hydroelectric dam reservoirs by 2037, said Thepparat Theppitak, a deputy governor with the utility. Several of the proposed projects are more than double the size of the world’s largest floating system now and the venture dwarfs the 1.3 gigawatts of generation installed globally as of October.The plan represents an ambitious bet for Thailand on floating solar, which tends to be more expensive than the ground-mounted units that dominate the sector. If EGAT builds all its proposed projects, the company says floating solar will account for one-tenth of the country’s clean energy sources, compared to just 1% of global solar capacity by 2050, according to BloombergNEF.“As the cost of solar equipment comes down, many developers are looking at water with grid connection,” said Jenny Chase, head of solar analysis for BloombergNEF in London. “This seems to be a great combination of long-term and well-structured planning, with individual projects identified already.”Locating the plants at existing hydropower reservoirs means the utility will not need to spend as much on infrastructure tying it into the grid and the system will improve the overall output of the hydropower plants, according to Mr. Thepparat. In the future, the company will also use lithium-ion batteries to store electricity produced by the floating plants.Eight of EGAT’s 16 planned floating plants would be larger than what is now the world’s biggest, a 150-megawatt system floating above a collapsed coal mine in China. Thailand’s biggest will be the 325-MW farm at Sirikit Dam in northern Thailand, scheduled to be completed in 2035.More: Thailand to build world’s biggest floating solar farms Thailand plans 2.7GW of floating solar capacitylast_img read more

Insiders optimistic about European solar growth

first_imgInsiders optimistic about European solar growth FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):European solar power developers can look forward to a golden age in the coming years, with supportive trade policies and a new regulatory framework potentially doubling new installations of photovoltaic capacity in 2019 and 2020, according to industry insiders.“We are looking forward to a real bright future,” Christian Westermeier, vice president of sales, marketing and application engineering at German polysilicon producer Wacker Chemie AG and president of industry association SolarPower Europe, said at the group’s annual conference in Brussels on March 6.The industry group predicts solar growth in the European Union to almost double over the next two years, with approximately 30 GW in new capacity additions, compared to 14 GW added in 2017 and 2018. Under a central outlook scenario, it forecasts 13.5 GW to be added this year and 16.8 GW in 2020, with a range of almost 20 GW between its low and high scenarios for each year. The central scenario would boost solar PV capacity across the EU’s 28-member states to 145 GW by the end of 2020.Last year, solar additions in the EU rose by 36% to 8 GW after two years of 6-GW growth, while global solar installations increased by around 5% to 104 GW against 99 GW in 2017, according to the association. Analysts have argued that higher renewable energy targets in many member states could lead annual additions across the EU to reach 30 GW by 2022.More than 4 GW of PPAs for subsidy-free solar projects have already been announced in Europe, with the majority located in Spain, according to Pietro Radoia, a solar analyst at market researcher Bloomberg NEF. The forecaster estimates that 75% of new installations will come online in just five countries over the next few years — Germany, France, Italy, Spain and the Netherlands.“There is a huge demand for PPAs,” said Andrea Panizzo, head of business development for Europe and the Middle East at Enel Green Power, the renewable energy subsidiary of Italian utility Enel SpA. Panizzo said companies’ appetite for renewable power was also driven by more than just the need to burnish their sustainability credentials. “A company looking for a PPA for renewables doesn’t just want to slap a green label on a can of beer. They want to save money. And signing a PPA for solar in Spain now could save them a lot of money” based on rising power price forecasts, he said.More ($): European solar sector faces ‘bright future’ with doubling growth by 2020last_img read more

Investment returns for renewable energy blow past oil and gas sector over last 12 months

first_imgInvestment returns for renewable energy blow past oil and gas sector over last 12 months FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):The fortunes of renewable energy and fossil-fuel investors have diverged dramatically in the past year, with shares in wind and solar companies boosted by long-term growth forecasts, while oil and gas producers face deep skepticism that their newfound capital discipline will last.During the past 12 months, an equally weighted index of North American renewable power producers has risen by 35.3%, compared to a 53.6% drop in the S&P Oil & Gas Exploration and Production Select Industry Index. The outperformance of renewable energy stocks continues a years-long trend.Investor interest in “clean tech” is at its highest since before the 2008 financial crisis, driven by a “potent combination” of technological and political tailwinds, Pavel Molchanov, an equity analyst at Raymond James & Associates, wrote in an Oct. 1 research report.In the oil and gas market, meanwhile, producers with a history of living beyond their means have tried to assure investors of their commitment to cutting spending and debt and growing free cash flow. But there is a “widespread” belief that the cautious approach may be short-lived, Molchanov wrote in an email.Gas producers are trying to adjust their financial strategies amid a U.S. gas glut that has weighed on prices and battered shares of Appalachian drillers. As long as crude prices stay above $50 per barrel and keep Permian oil drilling in business, gas prices and gas stocks could be spending the next four to five years in the cellar waiting for more LNG demand to build, according to Sanford C. Bernstein analyst Jean Ann Salisbury.Potentially clouding the outlook further for E&P companies is the rising popularity of ESG investing and what Morningstar analysts say is a looming battle for market share in the power sector between natural gas and renewables. “Renewable energy has policy momentum, and its costs are now competitive with natural gas generation even at today’s low gas prices and without tax subsidies,” the Morningstar analysts said in an Oct. 9 report. “But gas generators offer grid reliability, a key competitive advantage.”More ($): Gulf widens between renewable and beaten-down E&P stockslast_img read more

New transmission link to speed South Australia’s transition to 100% renewable energy

first_img FacebookTwitterLinkedInEmailPrint分享Renew Economy: New transmission link to speed South Australia’s transition to 100% renewable energy South Australia’s plans to reach net 100 per cent renewables within a decade, and help provide renewable power to NSW to offset the closure of its coal plants have received a major boost after the Australian Energy Regulator green-lighted the business case for a major new transmission line linking the two states.The AER on Friday approved as “robust” the regulatory investment test for transmission (RIT-T) for the $1.5 billion, 900km Project EnergyConnect transmission line proposed between Robertstown in S.A. and Wagga Wagga in NSW, a project being led by network companies ElectraNet and TransGrid.The new link is critical for the development of more than 5,000MW of wind, solar and storage plants in South Australia and in south west NSW, including huge projects such as Neoen’s massive Goyder project mixing wind, solar and storage, and theSusan River solar and battery storage project, which has already signed a contract with Alinta Energy.South Australia is the main beneficiary. Its Liberal state government wants to reach “net 100 per cent” renewables by around 2030 (it will likely reach that milestone much earlier) and then become a net exporter to states such as NSW. At least half a dozen large renewables and storage projects have jockeyed for position in anticipation of the new transmission line.“This project will unlock huge new renewable energy zones in South Australia and NSW with AEMO (the Australian Energy Market Operator) reporting there are more than 5000MWs of planned renewable energy projects in close proximity to the interconnector,” South Australia energy minister Dan van Holst Pellekaan said in a statement.The link is an important part of AEMO’s Integrated System Plan, which plots a 20 year blueprint for the national grid to reach between 70 and 90 per cent renewables by 2041/42. The new line means that South Australia, already with more than 50 per cent wind and solar, will be part of a grid “loop”, rather than at the end of a skinny network.[Sophie Vorrath]More: South Australia on track to 100 pct renewables, as regulator comes to partylast_img read more

SECI and NTPC move forward with 10,000MW of new solar development in India

first_imgSECI and NTPC move forward with 10,000MW of new solar development in India FacebookTwitterLinkedInEmailPrint分享Swarajya Magazine:Solar Energy Corporation of India (SECI) and National Thermal Power Corporation (NTPC) have signed an agreement with the Government of Rajasthan to set up two mega 5,000 MW renewable energy parks, reports Hindu Businessline.The move will provide a major boost towards the manifestation of Prime Minister (PM) Narendra Modi’s ambitious goal to establish 175 GW renewable energy capacity in the country by the year 2022.The development marks the first phase of the 25,000 MW Ultra Mega renewable energy park which has been proposed to be set up in Jaisalmer of Rajasthan State.Furthering India’s stride towards becoming a global renewable energy juggernaut, the Ministry of New and Renewable Energy (MNRE) has also finalised the contours for setting up a similar Ultra Mega park with a capacity of 25,000 MW in Gujarat’s Khavada.In addition to these, MNRE has also issued the guidelines for the complete solarisation of the sun town of Modhera in the Gujarat State with an investment of about Rs 65 crore, of which half would be contributed by the MNRE as Centre’s financial assistance, while the rest would be invested by the state government.More: Green Energy: SECI, NTPC sign agreement to build two solar energy parks Of 5,000 MW capacity each in Rajasthanlast_img read more

U.S. Air Products & Chemicals announces 4GW green hydrogen project with Saudi Arabia’s ACWA Power

first_imgU.S. Air Products & Chemicals announces 4GW green hydrogen project with Saudi Arabia’s ACWA Power FacebookTwitterLinkedInEmailPrint分享Greentech Media:Air Products & Chemicals, the U.S. industrial gas giant, announced plans on Tuesday to build a green hydrogen plant in Saudi Arabia powered by 4 gigawatts of wind and solar power, the world’s largest such project announced so far.The $5 billion plant will be jointly owned by Air Products, Saudi Arabia’s ACWA Power and Neom, a new mega-city planned near Saudi Arabia’s borders with Egypt and Jordan.The completed facility will produce 650 tons of green hydrogen daily, enough to run around 20,000 hydrogen-fueled buses, Air Products said. The fuel will be shipped as ammonia to end markets globally then converted back to hydrogen. Ammonia production is expected to start in 2025.Pennsylvania-based Air Products claims to be the world’s largest producer of hydrogen and a leader in the liquefied natural gas field technology. The company trades on the New York Stock Exchange with a market value of nearly $60 billion.The project would be a big step forward for Saudi Arabia’s ambition for Neom to become an important global center for renewable energy and green hydrogen. The country is establishing Neom as a special economic zone, with an ambition to host 1 million people from around the world. “This is a pivotal moment for the development of Neom and a key element in Saudi Vision 2030 contributing to the Kingdom’s clean energy and circular carbon economy strategy,” Neom CEO Nadhmi Al Nasr said in a statement.Speaking to analysts on a conference call on Tuesday, Air Products CEO Seifi Ghasemi said the company is confident the project will be viable without subsidies given the accelerating global race for low-carbon transport fuels. Any government support would be “icing on the cake.”[John Parnell]More: World’s largest green hydrogen project unveiled in Saudi Arabialast_img read more

Australia’s largest solar farm begins sending power to the grid

first_img FacebookTwitterLinkedInEmailPrint分享Renew Economy:What will be Australia’s biggest solar farm once commissioning is complete – the 275MW Darlington project in south-west NSW – has sent its first output to the grid as it begins the lengthy journey to full production.Darlington finally received its registration with the Australian Energy Market Operator, having installed not one, but two, large synchronous condensers too help it negotiate some of the problems facing that part of the network – system strength and grid congestion issues.The commissioning process could take several months, as the solar farm ramps up to various “hold points”, where it will be required to undergo further testing to satisfy the local transmission company Transgrid and AEMO that all is well with its equipment and settings.Darlington is jointly owned by Octopus Investments and Edify Energy.Once complete, the 275MW Darlington facility will overtake the 220MW Bungala solar complex, which has finally reached full capacity after nearly two years of delays to the second stage of the project, and the nearby Limondale solar project where the larger stage 1 is also entering the commissioning phase.The title of biggest solar farm will not be held for long, however, with Neoen starting to build the 400MW Western Downs solar farm in south-west Queensland after landing a long term contract with the state-owned CleanCo.[Giles Parkinson]More: Australia’s biggest solar farm sends first output to the grid Australia’s largest solar farm begins sending power to the gridlast_img read more

No Lift Ticket Needed

first_imgThis could be you, in your backyard.Don’t want to wait in line at the slopes? Make your own.Backyard snowmakers make snow just like the resorts do, with compressed and pressurized air. You use a garden hose hooked up to household water supply, whether that be city or well water.“All you are doing is connecting two hoses into the air compressor and pressure washer,” says Matthew Pittman, owner of Snow at Home. “It’s truly that simple.”Backyard ski hills are rapidly gaining popularity as an opportunity to practice tricks at home, cut costs, and introduce snowsports to kids.Snow At Home sells a range of snowmakers ranging from $300 to less than $2,400, and his website, snowathome.com, still provides free plans if you want to do it yourself. The largest pump covers a 150-foot by 20-foot area with a half-foot of snow overnight. At the lower end, it sells snow machines that cover 40 feet by 20 feet to a six-inch depth.Pittman says it needs to be at least 27 degrees Fahrenheit outside with humidity at 25 percent and below—or else slush.Since refining his snowmaking equipment, Pittman has also developed boxes and rails for at-home terrain parks (visit his other site, jibsforcribs.com). He also has started manufacturing homemade rope tows for backyard ski lifts. Pittman’s lifts are electric-powered, and the rope is cut to the specific length of the backyard hill. Next on his list: grooming rakes.If you are handy and looking to cut costs on the mountain, then your backyard might be where you find your fall line this winter.last_img read more

Clips of the Week: Outdoor Videos For the Week of July 12, 2013

first_imgOur favorite outdoor videos of the week from around the web:1. Cicadas and CarpOur friends at Southern Culture on the Fly target carp and catfish during the 17 year cicada hatch.Cicada from Southern Culture on the Fly on Vimeo.2. Pisgah CallingVery cool mountain biking video from two days of riding and filming in Pisgah, North Carolina.Pisgah’s Calling from ZfH Productions on Vimeo.3. Eye of the BeholderAn excerpt from the climbing film “Projects.” Pro Climber Matt Wilder describes a new route in the New River Gorge: Eye of the Beholder (5.13d).last_img read more