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Sustainability

Floating solar project and a battery manufacturing co-op among nine projects funded in Australian coal country

The government of the state of Victoria will fund a floating PV array and an initiative to locally manufacture solar batteries and install a portable renewable energy system for community services during emergencies, as part of its Latrobe Valley program.

Scatec joins scaled up Omani green ammonia project

A previous announcement by Acme indicated the port site would be able to produce around 876,000 tons of the green fuel per year but the Indian developer today said that figure would be 1.2 million tons. The 100,000-ton-per-year first phase of the facility may be operational this year.

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EU member states to spend €18bn of Covid cash on renewables

The 22 nations which have had their “recovery and resilience” spending plans approved by the European Commission are set to devote billions to clean energy facilities, with the cash set to be disbursed in three payments to the end of next year.

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Philippine irrigation body offers up sites for floating solar

With senators having called for plantation-wide solar powered pumping projects, funded by public money, the country’s National Irrigation Administration has agreed and said it wants to embrace floating solar facilities too.

World’s largest off-grid battery project reaches financial close

A consortium of developers led by ACWA Power has secured financing for the Red Sea project, on the west coast of Saudi Arabia, which is set to feature a 320MW solar array and a 1.3GWh off-grid battery.

Nigerian mini-grid program appears to have been scaled back

An initial intent to commission 28 local solar-plus-storage networks has now been stated as comprising “around 20” mini-grids, with delivery expected this year, rather than by the middle of the year.

‘Bangladeshi energy masterplan should focus on renewables’

With the finances of national utility the Bangladesh Power Development Board in disarray thanks to rising capacity payments for often-inactive conventional power plants, renewables offer the hope of fiscal sustainability, according to the Institute for Energy Economics and Financial Analysis.

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The weekend read: Where’s the opportunity for solar with EVs?

Electric vehicles, both fully electric and plug-in hybrid EVs, look set to become dominant in new car sales within years in many parts of the world, but overall changes to car fleets face significant inertia. What impact will this have on the future grid, and where’s the opportunity for solar? Tristan Rayner gets behind the wheel.

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EBRD and pensions investor announce €500m, five-year climate package

The ILX pension fund investor set up with the backing of German, Dutch and British public money has committed to join the EBRD in providing the finance for climate-related investment across the lender’s sphere of influence.

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New lithium-ion battery recycling plant in Norway

Canada-based Ly-Cycle has formed a joint venture with Norwegian-headquartered strategic partners Eco Stor and Morrow Batteries to build a new commercial lithium-ion battery recycling facility in southern Norway.

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