Renewable Energy

As renewable energy subsidies slowly evaporate, managing risks and securing revenue streams is becoming increasingly complex for investors. Pexapark is looking to address this helping companies transact PPAs and manage energy sales.

At the weekend’s G20 summit, a framework agreement for the project expansion was signed by project initiator Jemse SE and Chinese partners Power China and Shanghai Electric. The plant expansion will include the deployment of storage capacity. The project is one of two PV plants, totaling 400 MW, selected in round one of the RenovAr program for large-scale solar and renewable energies.

The seventh round of funding under the Abu Dhabi Fund for Development program takes to US$350 million the amount pumped into clean energy as part of state-run energy transition strategies in the developing world.

In what it touts as one of the largest green bond transactions issued by a U.S. utility, Duke Energy Carolinas has issued bonds to further renewable energy development.

Two months after announcing its intention to turn to renewables, the Spanish oil giant has for the first time formed a technological tie-up that integrates a partner into the company’s value chain.

As a leader in the global energy transition, California is putting some of the highest levels of solar and wind on its grid in the world to date. And while the state’s grid operator has made some progress, the integration of these resources is currently limited not by physics, but by market rules and operational practices.

Despite its huge potential in the region, solar PV has hitherto gained little traction in Central Asia. In Kazakhstan, two utility-scale PV projects have been realized, and a few are in the pipeline for Uzbekistan as it begins to attract international investors. But many challenges on the policy level have yet to be overcome.

Wind and solar dominated new electric capacity commissioned in the first three months of 2018 – even before you count behind-the-meter installations.

California has set a new record for peak output of utility-scale solar at more than 10.5 GW, as well as for renewable energy overall. However, the state’s grid operator is still curtailing solar and wind while hydro and the last nuclear plant run full-steam.

As global economies develop, and uses for renewable energy diversifies, new pressures are being placed on the electric network. Yet, utilities are sitting on a wealth of data that can reveal better insights into their operations, writes Dan Beasley, Director, Utilities, Cyient.