Chile continues to lead the energy transition in Latin America, but international investors are nervous. The pandemic is subsiding, thanks to a vaccination rate close to 80%, and energy demand is showing signs of recovery. However, the political landscape still has investors on edge, reports Luisa Cabello.
A printed circuit board-based hydrogen fuel cell for use in autonomous boats and ships has been engineered by a British consortium, and Italian energy companies Snam and Edison want to set up a 220 MW green hydrogen production plant powered by 380 MW of solar in Apulia.
A 25 MW project has been installed at the Simhadri thermal power station run by state-owned power company NTPC on the coast of Andhra Pradesh.
A report by BloombergNEF and Schneider Electric has pressed the case for governments to unlock the world’s potentially huge rooftop solar potential, and cited California’s solar mandate as a shining example.
Energy access entity EDFI ElectriFi has offered the revolving credit facility to a Californian distributor which supplies affordable, pay-as-you-go-enabled devices.
The U.S. solar industry faces a moral dilemma, writes Paula Mints of SPV Market Research. Either continue to deploy projects and set aside concerns about forced labor in China’s Xinjiang region, or source PV cells and modules from elsewhere, while bearing higher costs, in the pursuit of urgent action against climate change.
The ARM-Harith Cities and Climate Transition Fund will feature public and private finance, according to the joint venture behind it.
The latest, seven-year investment attracted offers worth more than €100 billion from investors and means the European Union has already generated €54 billion of the €80 billion of bond proceeds it is aiming for this year, as part of its five-year, €800 billion NextGenerationEU support package.
With renewable energy generation said to consume up to 95% less water than fossil-fuel fired power plants, solar could lead the way to a less stressed existence in mid century, according to researchers from Finland’s LUT.
With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.