17:52 2024.01.24

China Harbor won the bid for the Manila South Port Yard expansion project

At the beginning of the New Year, China Harbor South Pacific Management Center won the bid for the Philippines Asia Terminal Manila South Port yard expansion project, and won a good start to the New Year. The main contents of the Manila South Port Yard expansion project of Asia Terminal in the Philippines are upgrading container yards and substations, building new high-pole lights and supporting drainage, power and fire protection systems. This project is an important embodiment of the South Pacific Management Center with excellent technical strength, flexible use of the "three kinds of play" marketing strategy, the marketing team according to customer needs to carefully optimize the plan, has been highly recognized by the owner. The winning of the project consolidated the leading position of China Harbor in the main field of port business, and laid a solid foundation for the future in-depth participation in other port construction projects. Editor/Xu Shengpeng

16:22 2024.01.23

45 million euro new photovoltaic power plant in Spain

OHLA expands its clean energy portfolio. Following the contract for the construction, start-up and operation of the new photovoltaic power plant in Castilla y Leon, the company has added a new renewable energy contract worth more than 45 million euros. Over the past 12 months, the company has been awarded different contracts in the renewable energy sector in Spain with a total value of nearly 250 million euros and a total installed capacity of 800 MW. The newly contracted plant will consist of 160,000 photovoltaic modules with an installed capacity of 100 MW. The electricity will generate more than 180,000 MWH of 100% clean energy per year, which can power about 20,000 homes, thereby avoiding about 160,000 tons of CO2 emissions per year. In Spain, the company already has nearly 1,800 MW of capacity and was recently awarded contracts to build two PV plants in Seville with a total capacity of 87 MW, a 130 MW PV plant in Badajoz and a 105 MW PV plant in Merida. Construction of a 105 MW PV plant in Spain. The other, located in Zaragoza, has a capacity of 125 megawatts. Editor/Xu Shengpeng

17:29 2024.01.19

In 2023, Austria will add more than 2GW of PV installed capacity

According to Austrian PV analyst Hubert Fechner, more than 2 GW of new solar power capacity will be installed in Austria in 2023. The Vice president of the Austrian Photovoltaic Technology Platform of the Photovoltaic Manufacturing and Research Association told PV magazine that while he did not have official data to confirm this exact figure, feedback from grid operators indicated that the threshold had been exceeded. According to PV Austria, 1 GW of solar power was installed in Austria in 2022. At this point, the country's total installed PV capacity reached 3.78GW, accounting for 6.6% of the total electricity demand. In 2021, 740 MW of new PV systems were installed in Austria, followed by 341 MW in 2020 and 247 MW in 2019. If the landlocked Central European country maintains this rate of installed capacity growth, "then the total installed capacity could reach about 20 GW by 2030 and 40 GW by 2040, as proposed in our national plan," Hubert said. Editor/Xu Shengpeng

17:29 2024.01.19

Chile plans to build new wind farms to improve the country's power system

The Los Coihues wind farm project, planned to be jointly implemented by Chile's Aaktei and Uruguay's HyNewGen, has entered the environmental assessment phase. Located in Chile's uble region, the $470 million project covers 86 hectares and plans to build a total of 47 wind turbines in three cities, generating a total power of 338.4 MW, connected to the Entre Rios substation via a 30.8 km long high-voltage transmission line. And then provide support for the national power system. The project is expected to have a power generation cycle of 38 years, and if approved on schedule, construction will start in January 2026, and the first phase of construction will bring up to 232 jobs. Editor/Xu Shengpeng

17:34 2024.01.12

Germany 2023 renewable energy installed statistics released

On January 5, the German Federal Network Administration (BNetzA) published preliminary data on the growth of installed renewable energy capacity in Germany in 2023. In 2023, Germany added 17GW of renewable energy capacity, bringing the total installed capacity to nearly 170GW, an increase of 12% year-on-year. Most of Germany's renewable energy growth comes from solar and wind power. Klaus Muller, head of BNetzA, said that the almost doubling of solar power generation compared to 2022 is rapidly driving Germany's energy transition. In 2023, renewable energy generation in Germany exceeded 50% for the first time, but German onshore wind power still did not meet the expected target in 2023. However, there is a significant increase in the number of permits in 2023. According to the German solar industry association BSW, more than 1 million new solar power systems were installed in Germany last year. However, wind power is still the main source of electricity in Germany. Overall, renewables accounted for more than half of electricity consumption for the first time. Wind power in Germany saw a significant increase in 2023. According to earlier reports, Germany added 50 percent more wind power capacity in the first nine months of 2023 compared to the same period in 2022. The share of wind power in total electricity generation is also increasing, with more than a quarter (27%) of Germany's electricity coming from wind power for the first time in the first three quarters of 2023. Editor/Xu Shengpeng

16:43 2024.01.11

India's richest man plans $24 billion green energy park

On January 10, Indian billionaire Gautam Adani announced an ambitious plan at the "Gujarat Vitality Global Summit" : he will invest Rs 2 trillion (about $24 billion) in his home state of Gujarat over the next five years to create 100,000 direct and indirect jobs. The founder of the sprawling Adani Group is now worth 88.8 billion euros, making him the 12th richest person in the world. Adani revealed that his group is building "the world's largest green energy park" in the Kachi region, covering an area of 25 square kilometres and generating 30 gigawatts. He said the Adani Group is creating a renewable energy ecosystem that includes solar panels, wind turbines, hydrogen electrolyzers and green synthetic ammonia. Editor/Xu Shengpeng

17:46 2024.01.10

The UK has 15.6GW of solar capacity

According to statistics from the UK's Department of Energy Security and Net Zero Emissions (DESNZ), as of the end of November 2023, the UK's cumulative photovoltaic power generation capacity reached 15.6 GW. In the first 11 months of this year, 871 MW of PV systems were added in the UK. This is a significant increase compared to the 496.8 MW added in the first 11 months of 2022 and 323.9 MW added in the same period of 2021. But Gareth Simkins, a spokesman for the British Solar Industry Association, told PV magazine that new solar capacity in the UK in 2023 is larger than the DESNZ data, and is likely to exceed 1 GW. The last time the UK deployed more than 1 GW of solar capacity in a calendar year was in 2016. Simkins attributed the faster pace of delivery to a number of factors including soaring energy prices due to the Russia-Ukraine conflict, and he also cited reasons such as the annual CFD auction, falling panel costs, the ongoing relaxation of planning rules, and decarbonization efforts. The latest DESNZ auction, in which nearly 2 GW of solar power from 56 projects was tendered in September, marked the first time more solar power has been auctioned than wind power in the UK, but with that comes the question of a series of improvements having to be implemented to ensure the bidding projects are connected to the grid. Editor/Xu Shengpeng

17:36 2024.01.09

Norway's Statkraft will invest $6.6 billion in hydropower and wind power

Norway's state-owned renewable energy producer Statkraft said on Monday it plans to invest up to 6 billion euros ($6.56 billion) to upgrade domestic hydro and wind facilities and build new onshore wind farms. The company said at a press conference in Oslo that the plan would double Statkraft's current wind farm output and boost the effectiveness of the company's hydroelectric power plant, adding about 3 terawatt hours (TWh) of additional power output. Statkraft will spend €1.8 billion to €3 billion to upgrade hydropower plants, €1.2 billion to €2 billion to rehabilitate old DAMS and power plants, and around €1 billion to update and build onshore wind farms. "All projects will depend on a predictable regulatory framework, obtaining the necessary concessions, the level of electricity demand and a good dialogue with local communities," Birgitte Ringstad Vartdal, head of operations for Northern Europe, said in a statement. Norway has historically enjoyed a healthy electricity oversupply, but this is expected to disappear as early as 2028 as demand growth in the electrical industry and transport outstrips that of new generations. Statkraft previously announced plans to upgrade its Morange hydropower plant in western Norway, but many other projects were put on hold after the Norwegian government decided in 2022 to limit profits during the European energy crisis. Editor/Xu Shengpeng

17:36 2024.01.09

China NENG Construction wins 365MW offshore wind power project in South Korea

Recently, China Energy Construction Shanxi Institute and South Korean partners won the bid for South Korea's 365 MW offshore wind power EPC general contract project, and signed an onshore commencement agreement. The project is located in South Jeolla Province in southwestern South Korea, the planned installed capacity of 365 MW, the use of 64 5.7 MW wind turbines, the design annual equivalent full load utilization hours of 2200 hours, the average annual electricity generation of 800 million KWH, through 154 kV booster station sent to the Korean grid. The project will start construction in January 2024 and is expected to be connected to the grid by the end of 2025. This project is the fourth project signed by China Energy Construction Institute in South Korea, which has obtained long-term fixed electricity prices for South Korean wind power projects, and will make full use of offshore wind resources to actively promote the development of new energy in South Korea, the transformation of energy structure and the development of offshore wind related manufacturing industries. Editor/Xu Shengpeng

17:29 2024.01.05

TAQA plans to reach an investment agreement with Morocco

ABU Dhabi's national energy company TAQA plans to invest AED 100 billion, or about $10 billion, in Morocco's 6GW green hydrogen project. Before that, the region had already attracted projects worth more than AED 220 billion. These include: 1, November 2023, by Moroccan investment holding company Falcon Capital Dakhla and French developer HDF Energy to invest in an estimated $2 billion 8GW White Dunes project. 2. 10GW wind and solar projects worth AED 100 billion by TotalEnergies subsidiary Total Eren. 3, CWP Global also plans to build a large renewable ammonia plant in the area, containing 15GW of wind and solar power. 4, Morocco's state-owned fertilizer giant OCP pledged to invest $7 billion to build a green ammonia plant with an annual output of 1 million tons, which is expected to start in 2027. However, these projects are still in the early stages of development, and developers are waiting for the Moroccan government to announce a Hydrogen Offer plan. In addition, China National Energy Construction has also signed a green hydrogen project in Morocco. Editor/Xu Shengpeng

16:22 2024.01.04

Mingyang Intelligent signed 240MW wind power project units in Brazil

This week, the world's leading wind power machine OEM Mingyang Intelligent signed a wind turbine preferred supplier agreement with wind power project developers in Brazil, Mingyang Intelligent will provide 49 typhoon electric units to onshore wind power projects in Brazil, with a total capacity of 240MW. The project consists of two parts, and Mingyang Intelligence will supply 30 MySE 4.0-156 and 19 MySE 6.25-172 units. In addition, after the completion of the specific terms of the subsequent negotiation work, Mingyang Intelligent will also provide a 20-year operation and maintenance (O&M) service. Mingyang Intelligence said that the milestone of entering the Brazilian wind power machine market once again highlights the company's commitment to providing customers with the most advanced renewable energy solutions in the global market, and also marks a major breakthrough in the Brazilian wind power market, which will further consolidate Mingyang Intelligence's position as the global renewable energy overall solution leader in the industry. Editor/Xu Shengpeng

16:21 2024.01.04

Vestas wins 390MW offshore wind project in South Korea

At the end of last month, Danish wind turbine giant Vestas officially announced that the company has signed a preferential supply agreement with Hanwha Corporation E&C, a unit of South Korea's Hanwha Group. Under the agreement, Vestas will supply 390MW of wind turbines to the Shinan UI(Shinan Nuo Island) offshore wind power project, located in Sinan County, South Jeolla Province, southwest Korea, using 26 Vestas V236-15.0MW wind turbines, Vestas will provide operation and maintenance services for the wind power project for a period of 20 years. The project is being developed by Shinan UI Offshore Wind, a joint venture between Hanwha Corporation E&C, SK D&D, a subsidiary of SK Group, and KOEN(Korea Southeast Electric Power Company). Editor/Xu Shengpeng

17:23 2024.01.03

Germany will install a record amount of renewable energy in 2023

German solar and wind installations hit a record high in 2023, the industry association said, but only photovoltaic power generation met the government's target and is expected to continue growing this year. Germany aims to meet 80 percent of its electricity needs from renewable sources by 2030, up from 52 percent in 2023. Thanks to booming demand for residential solar, Germany installed more than 1 million new solar power systems last year, generating 14 gigawatts, up 85 percent year-on-year and on track to meet Berlin's 2030 target, the Solar Energy Association said on Tuesday. The residential sector installed about 7 GW of capacity, up 135% year on year, accounting for about half of the total installed capacity. BSW added that about 31 percent, or 4.3 GW, came from solar parks, a 40 percent increase from 2022. BSW expects demand to grow further this year, citing a survey that shows more than 1.5 million homeowners plan to install solar systems on their roofs. Editor/Xu Shengpeng

17:23 2024.01.03

The largest clean energy project in U.S. history gets $11 billion in financing

After more than 17 years of permits and approvals, Pattern Energy Group has completed $11 billion in non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind. The company calls the tandem project the largest clean energy infrastructure project in U.S. history. SunZia Transmission is a 550-mile ± 525 kV high-voltage direct current (HVDC) transmission line connecting central New Mexico and south-central Arizona, capable of delivering 3,000 MW of power across Western states. SunZia Transmission will deliver electricity generated by Pattern Energy's 3,515 megawatt SunZia wind facility, the largest wind power project in the Western Hemisphere, which is under construction in Torrance, Lincoln and SAN Miguel counties in New Mexico. SunZia Wind and Transmission will employ more than 2,000 workers on site during construction, including heavy equipment operators, electricians, laborers and others. The EPC contractor for the transmission line is Quanta Infrastructure Solutions Group, and the HVDC transmission provider is Hitachi Energy. The EPC contractor for the wind power project is Blattner Energy, a subsidiary of Quanta Group. The wind turbines were supplied by GE Vernova and Vestas. Editor/Xu Shengpeng

17:38 2024.01.02

Papua New Guinea's new eninister says the country is facing an energy crisis

PNG Energy Minister Klunga Kuya said an energy crisis is coming in mid-January next year as the central bank and fuel monopoly Puma failed to resolve their differences over foreign exchange issues at the end of 2023. Since the beginning of this year, the central bank of Papua New Guinea has expressed doubts about the authenticity of Puma's foreign exchange needs, believing that its purchase of foreign exchange exceeds actual demand. Puma, for its part, insists on its authenticity, saying that foreign exchange has always failed to meet its import order needs. Puma has repeatedly reported foreign currency shortages and cut fuel supplies this year. Since the problem has not been resolved, Puma has again threatened to cut off fuel supplies in mid-January. Banco South Pacific said it would close Puma's account on March 8 next year, with ANZ and Westpac to follow suit. Papua New Guinea Energy Minister Kuya said the issue will lead to an energy crisis next year, he plans to start a dialogue with Puma at the beginning of the New Year, and said Puma intends to sell its business in Papua New Guinea. Cuya said that even though the fuel crisis has been going on for a long time, setting up a new fuel company still requires building infrastructure, such as dedicated terminals, fuel depots and fuel tankers, and no business is currently interested in making this kind of expenditure. Editor/Xu Shengpeng

17:38 2024.01.02

Won a 240MW wind turbine order! Mingyang Smart into Brazil!

Mingyang Intelligence recently signed a preferential supply agreement for wind turbines with a Brazilian developer, which will provide 49 onshore wind turbines with a total installed capacity of 240MW. It is reported that Mingyang Intelligent will provide 30 MySE 4.0-156 and 19 MySE 6.25-172 units. In addition, Mingyang Intelligent will also provide operation and maintenance services for a period of 20 years. Brazil is the largest country in South America, the world's fifth largest land area, economic strength ranks 13th in the world. Brazil has a vast territory, and is close to the Atlantic Ocean, and is rich in sea and land wind resources. It is one of the important markets for wind power in the world, and has become one of the main countries for wind power enterprises to go to sea. Vestas and other international wind power companies have been working in Brazil for many years; In 2023, Goldwind Technology and Sinoma Leaf have begun to build factories in Brazil and actively explore the international market. Editor/Xu Shengpeng

17:30 2023.12.29

The French energy giant is investing in sea battery storage project in the UK

French energy giant TotalEnergies has invested in Subsea Renewable Energy Power (RSP), a subsea wave energy and storage project to be deployed off the east coast of Orkney, UK. The £2 million demonstration project, which is being deployed 5km off the coast of Orkney, uses Moocean Energy's Blue X wave energy converter and the Halo submarine battery storage system deployed by energy manager Verlume to store power from the wave energy converter. Backed by £8 million in funding from the Net Zero Technology Centre (NZTC), the project completed a four-month initial test in August 2023 to demonstrate that electricity from renewable sources can be used to power subsea devices and provide continuous power output using a battery storage system. Editor/Xu Shengpeng

17:30 2023.12.29

India's clean energy investment will reach $16.5 billion by 2024

Studies show that India will experience a significant increase in investment in renewable energy projects. According to India's Ministry of Power, investment in renewable energy projects in the country will increase by more than 83% to about $16.5 billion by 2024. This will contribute to India's ambitious target of 500GW of renewable energy by 2030, while also committing to reducing the share of electricity generation from fossil fuels to less than 50%. R K Singh, Minister of New and Renewable Energy at the Ministry of Power, has been stressing that India's share of non-fossil fuel power generation will reach 65% by 2030, which will significantly exceed the 50% target. In an interview with industry media, Singh predicted a significant increase in the installed capacity of renewable energy generation facilities in India, which is expected to add 25GW by 2024, requiring an investment of about $16.5 billion. India will add 13.5GW of renewable energy by 2023, investing nearly $9 billion. In addition to accelerating the development of photovoltaic and wind power facilities, India has also intensified its investment and focus on green hydrogen to reduce its dependence on fossil fuels, especially diesel. Editor/Xu Shengpeng

17:29 2023.12.26

Germany: 13.18GW of new PV installations from January to November 2023

Recently, the German Federal Network Agency (Bundesnetzagentur) released the latest data showing that in November, Germany added 1.183GW of solar photovoltaic power generation capacity. Of this total, 608.3MW of rooftop PV was installed (mainly boosted by state funding subsidies under the Renewable Energy Act), 16.6MW of ground power stations and 2.9MW of tenant power projects. From January to November, Germany added a total of 13.18GW of PV installed capacity, which is only less than 1GW than the 14GW of PV installed capacity predicted by the European Photovoltaic Industry Association (SPE) in the European Solar Market Outlook 2023-2027 report in 2023. As of November, the country's cumulative installed capacity has exceeded 80.74GW. It is worth mentioning that in order to complete the government's 2030 cumulative installed capacity of 215GW, Germany needs to increase the average monthly installed capacity of 1.58GW. The Federal Network Administration also announced other renewable energy installations in November, adding 11MW of biomass, 211MW of onshore wind and no new offshore wind project capacity during November 2023. Editor/Xu Shengpeng

18:01 2023.12.25

A $474 million power transmission project is underway in Oman

The Oman Transmission Company (OETC) is implementing projects worth 183 million riyals ($474 million) across the Sultanate under its strategic plan "Rabt". This includes the construction of five electricity sites and the laying of 400 kW overhead power lines. This is part of OETC's commitment to improve the reliability and security of the electricity network and supply in multiple regions of Oman. The first phase of the construction of five electricity websites: Nahida 400/132 kV electricity website, Suwayhat 400/132 kV electricity website, Barik 400/132 kV electricity website, Duqm electricity website voltage of 400/132/33 kV, Mahut electricity website 400/33 kV. In addition, these projects are connected by 400kV overhead lines covering 670 km. The project started in October 2023 and the total cost of the first phase of the project has exceeded 183 million OMani riyals. The official inauguration of the first phase of Rabt was held at a major ceremony at the Oman Convention and Exhibition Centre (OCEC) under the patronage of Sayyid Bilarab bin Haitham Al Said. The first phase of the construction of five electricity websites: Nahida 400/132 kV electricity website, Suwayhat 400/132 kV electricity website, Barik 400/132 kV electricity website, Duqm electricity website voltage of 400/132/33 kV, Mahut electricity website 400/33 kV. Editor/Xu Shengpeng

18:00 2023.12.25

Spending $1 billion, anothmpany to build a factory in the United States

On December 21, Indian solar panel manufacturer Waaree Energies said it will invest $1 billion to build a PV module factory with an annual capacity of 5GW in the United States, and will also build a supporting battery production line. Attracted by U.S. Inflation Reduction Act (IRA) incentives, the company chose Houston, Texas, as the site for its first photovoltaic manufacturing facility in the United States. Waaree's plan is to start production of 3GW in December 2024 and expand to 5GW in 2027, depending on the solar panel offtake agreement with SB Energy, a unit of SoftBank Group, for a period of five years from the date of the module plant's commissioning. Editor/Xu Shengpeng

17:35 2023.12.22

Vietnam's Lang Son province to strengthen investment in power grid construction

In 2023, Lang Son Electric Power Company has invested in 22 projects with a total investment of more than 227 billion VND, and the above projects are basically completed. At present, all communes in the province have achieved full coverage of power supply services, and nearly 99% of households have been electrified, of which more than 98% of rural households are connected to the national grid. In order to achieve the goal of connecting all households in the province to the national grid, Lang Son Province will continue to carry out rural power supply service projects, with an investment of about 400 billion VND, and strive to connect households in deeply poor areas to the national grid next year. Editor/Xu Shengpeng

17:35 2023.12.22

Germany generates more than half of its energy from renewable sources

Baden-wurttemberg Solar Energy and Hydrogen Energy Research Center (ZSW) and the German Energy and Water Industry Association (BDEW) jointly released forecast data on December 18, 2023, Germany's renewable energy generation will cover more than half of Germany's total electricity consumption for the first time. Nearly 52 percent of Germany's total electricity consumption will come from renewable sources this year, five percentage points higher than the previous year. ZSW and BDEW expect Germany's total electricity consumption to be around 517.3 billion KWH in 2023. ZSW and BDEW said the share of renewables was particularly high in July (59 percent), May (57 percent), October and November (55 percent each). In June, Germany's solar capacity reached 9.8 billion KWH, a record high. Germany will generate 267 billion KWH of electricity from renewable sources this year, more than ever before. Editor/Xu Shengpeng

17:20 2023.12.19

Seta said it would increase the share of renewable energy to 50 percent

Speaking at the theme of the Sustainable Development Forum 2024 seminar "Providing Clean Energy for the Thai Economy through Sustainable Development", Prime Minister Seta said that as a government, it is important to be prepared for energy. In this regard, the issue of appropriate and competitive electricity prices is an issue that this Government attaches great importance to. Thailand aims to increase the share of clean and renewable energy in the country's total power generation from the current 28 percent to 50 percent. A power development plan is being developed. At present, Thailand has the highest electrical stability compared to all ASEAN countries such as Vietnam, Malaysia, Philippines and Indonesia. The system average outage index is 20-35 for the entire Thai system, 45 for Malaysia, and 138 for the Philippines. Thailand's advantages lie in its large size, abundant resources and abundant transmission lines. Editor/Xu Shengpeng

17:19 2023.12.19

GE wins 700MW onshore Wind Turbine Order!

GE has signed an agreement with developer Forestalia to supply 700MW of wind turbines for 16 wind projects in Spain. The projects, located near Zaragoza in northeastern Spain, will install 110 GE 6.1-158 wind turbines. A few days ago, GE 18MW wind turbines in the Japanese market won 684MW orders, and now the onshore large megawatt also achieved a major breakthrough, in the international big three large megawatt achieved a leading edge. Editor/Xu Shengpeng

17:41 2023.12.05

Mauritania launched a large-scale renewable energy hydrogen storage project

Denmark's GreenGo has launched the Megaton Moon project in Mauritania, a 60 GW solar-wind power facility equipped with 35 GW of green hydrogen capacity. The project developer submitted a development application to the Mauritanian Ministry of Petroleum, Energy and Mines this week. The Megaton Moon project will be built in several phases, with the initial pilot phase expected to be completed in 2028 and the final phase to be completed between 2033 and 2035. In addition, the project will generate more than 70 million tons of desalinated water per year, which will be three times the amount of water consumed by the Megaton facility to produce green hydrogen itself. GreenGo said the project will also use more than 10 TWh of surplus energy to promote the development of large-scale agricultural industries and local supply chains in the desert region. "Developing a project of this scale requires close cooperation with the supply chain and purchasers," said Anders Heine Jensen, CEO of GreenGo. "The scale of the project will attract manufacturers to produce photovoltaic panels, wind turbine blades and electrolytic components locally. We are currently negotiating a Memorandum of Agreement with the manufacturer." Editor/Xu Shengpeng

17:26 2023.11.15

Saudi Arabia announces 3.7 GW solar tender announcement

Four solar projects in Saudi Arabia, comprising 3.7 GW, have been granted inquiry status as part of the government of Saudi Arabia's fifth round of national Renewable energy Program, SPPC said. The plants include the 2 GW Al Sadawi plant in the eastern part of the country and the 1 GW Al Masa'a project in northern Hail province. It also includes the 400 MW Al Henakiyah 2 plant located in western Medina Province and the 300MW Rabigh 2 array located in western Mecca Province. SPPC said in the announcement that the project will be overseen by the government-owned entity responsible for purchasing electricity from independent power producers and will be responsible for the pre-development, bidding and subsequent offtake of energy. These projects account for a quarter of all energy capacity (12.6 GW) granted under the NREP Renewable Energy Program. According to its website, NREP aims to maximize the country's renewable energy potential. Saudi Arabia's government aims to generate 27.5 gigawatts of renewable energy by 2030, the country's leading solar lobby group has said. This is a significant leap from the country's current installed capacity, estimated at 390 MW at the end of 2022, according to the International Renewable Energy Association. Editor/Xu Shengpeng

17:25 2023.11.15

The U.S. government allocated $6 billion for environmental and energy projects

The White House announced more than $6 billion in funding for renewable energy development, eliminating the consequences of natural disasters and upgrading the U.S. power grid. "Today, President Biden announced more than $6 billion in investments to make our region more stable from the pressures of climate change, including by strengthening aging power grid infrastructure, reducing flood risk, supporting environmental protection and advancing environmental equity efforts," the White House said. A large proportion of the earmarked amount ($3.9 billion) will be used to upgrade the domestic power grid, while another $2 billion will be used to implement projects in the field of renewable energy and prepare for the consequences of climate disasters. The White House said some of the money would go to National Park Service needs, fisheries protection, drought relief and other environmental programs. The announced investment does not require the government to make a new financial request to Congress, as is provided for in various bills passed previously. Editor/Xu Shengpeng

17:13 2023.11.09

Britain and Germany have agreed to cooperate on renewable energy

The UK and Germany have formed a new partnership to strengthen renewable energy generation and bring long-term energy security to both countries. The agreement will provide a blueprint for cooperation in the energy and climate sectors, while removing regulatory barriers to renewable energy, particularly offshore wind interconnection in the North Sea. The agreement, signed by UK Energy Security Minister Claire Coutinho and German Vice Chancellor Robert Habeck, envisages a shared commitment to net-zero emissions and the energy transition. It aims to strengthen and promote energy security at the regional and global levels, including discussions on winter preparedness as well as infrastructure and supply chain security. It also seeks to share best practices on thermal decarbonization, energy efficiency, and net-zero policies and strategies at industrial and building scales. The agreement follows the signing of a joint declaration of intent between the two countries in September 2023 to accelerate the development of low-carbon hydrogen production from renewable energy sources. In the offshore wind sector, the agreement could further boost the UK's ambition to install up to 50GW, including 5GW of floating offshore wind by 2030. Germany aims to install 30GW by 2030. Editor/Xu Shengpeng

17:26 2023.11.03

Adb has committed to the Dudh Koshi project

The Asian Development Bank (ADB) has expressed its commitment to invest 635 MW in the Dudh Koshi reservoir-type hydropower project. A team consisting of Kul Man Ghising, Executive Director of the Nepal Electricity Authority (NEA), and Ramesh Subramaniam, Director General of ADB, visited the reservoir area and the power plant. Interaction was also held with representatives of the local people at the Khotang Rabuwa bazaar at the dam site. Director-general Subramaniam indicated that financial management would soon be under ADB's leadership. He pointed out that the construction of the project needs to complete technical, environmental, social and other aspects of the demonstration as soon as possible. The project will be led by ADB with a total investment of $1 billion from various international financial organizations. Of this, ADB has committed $550 million in loan investment for the project. Editor/Xu Shengpeng


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