Russia can increase the share of renewables in its energy mix from roughly 3 percent today to more than 11 percent by 2030, according to new findings by IRENA. The growth in renewable energy use would represent nearly a fourfold increase in the share of renewables between 2014 and 2030. To implement the study’s recommendations, an annual investment of approximately USD 15 billion per year between 2015 and 2050 is required, but IRENA shows that the benefits can exceed costs when externalities related to human health and climate change are considered. According to current estimates Russia has the largest wind potential in the world.
GE Completes $1.65bn Acquisition Of World Leading Manufacturer Of Turbine Blades

With a stated objective of insourcing of blade manufacturing to strengthen its supply chain and increasing competitiveness by delivering greater value, GE Renewable Energy has completed its $1.65bn acquisition of Danish LM Wind Power; one of the world’s biggest producers of wind turbine blades, supplying not only GE’s existing renewables business but also rivals such as Gamesa of Spain and Goldwind of China. The deal is the biggest since GE created a separate renewables arm and LM Wind Power is to continue supplying wind blades to all industry players.

Brazil: Nordex Secures 195MW Contract For Turbines Designed For High Wind Speeds

The Nordex Group has now secured a major contract for the delivery of 65 AW125/3000 wind turbines. The “Lagoa do Barro” project is composed of eight individual wind farms that will be installed in the state of Piaui in northeastern Brazil.

Trina’s Solar Revolution: DUOMAX Twin Packs 25% Additional Generating Capacity

Trina Solar has announced the launch of its high-efficiency bifacial module DUOMAX Twin, which generates power from both the front and back sides of the solar module and performs well even under weak light conditions. The front side receives direct sunlight while the back side receives reflected and scattered light. Compared with traditional single-sided modules, the DUOMAX Twin can deliver as much as 25% additional generating capacity. The company’s leadership in PERC cell technology has achieved several world records and total shipments of over 1 Gigawatt over the past years.

New Perovskite Efficiency Record Is A Breakthrough With Significant Potential

Researchers at The Australian National University (ANU) have achieved a new record efficiency for low-cost semi-transparent perovskite solar cells in a breakthrough that could bring down the cost of generating solar electricity.

JA Solar’s Module Shipments to India Reach 1GW; Strengthens Regional Position

JA Solar has announced that the company’s cumulative module shipments to India have reached the milestone of 1GW of capacity equivalent to electricity generation of approximately 1.7billion kWh, which can reduce carbon emissions by 1.47 million tonnes annually. This further strengthens the company’s position in India, which is emerging as one of the largest PV markets in the world. Globally, JA Solar now has cumulative shipments of over 20 GW and the company does business in more than 92 countries around the world.

Clean Energy Revolution For Japan: Inauguration Of Asia’s First E3 Power Plant

Six years after the natural disaster and the reactor catastrophe in the Fukushima prefecture, governor Masao Uchibori has inaugurated the first E3 power plant by pressing the button that starts the operations. The clean energy power plant by ENTRADE, located at the small health resort Nishigo, uses biomass which is available in the region – for instance pellets derived from waste wood and sawdust – to provide a hotel and a spa resort with electricity, heat and cooling. After the successful start-up of the pilot plant further E3 power plants shall be set up during the following weeks.

Renewables For Philippines: Accelerated Development And Energy Independence

A new report released by the IRENA, says that renewable energy policy making and institutional evolution can support Philippines’ development momentum and allow it to achieve energy independence. “Like many countries in its region, the Philippines faces a growing population and rising energy demand to power economic growth. Uniquely, the archipelago is also frequently exposed to tropical storms and natural disasters that affect its energy structure. Renewable energy can play a role in helping the country achieve greater energy security and distribution despite these challenges,” said IRENA Director-General Adnan Z. Amin.

Large-Scale PV Finance Amongst Hot Topics At Intersolar Europe Conference 2017

The increasing number of investments in large-scale PV plant constructions worldwide are raising new questions about the industry. What options are available for financing PV power plants? Which markets will be relevant in the future? What is the role of smart renewable energy, i.e. combining energy generation, storage, and management? Experts are set to discuss these at the Intersolar Europe Conference, taking place in Munich (May 30–31). The event runs alongside Intersolar Europe, the world’s leading exhibition for the solar industry and its partners, (May 31–June 2).

 
India’s Solar Objectives Get Major Boost with 750MW Rewa Ultra Mega Solar Park

India’s State Government of Madhya Pradesh has signed agreements making Rewa Ultra Mega Solar Park a reality and helping India get closer to its 100 GW solar energy goal by 2022. IFC, a member of the World Bank Group, is the lead transaction advisor for the project that will mobilise $550 million in private investment and avoid a million tonnes of GHG emissions. The 750 MW capacity project was auctioned in three packages of 250 MW each and will be one of the biggest single site solar projects in the world.

Overall Investment Down But Global Renewable Capacity Surges To Record Levels

As the cost of clean technology continues to fall, the world added record levels of renewable energy capacity in 2016, at an investment level 23 percent lower than the previous year, according to new research. For instance, new investment in solar totalled $113.7 billion, down 34 percent from the record high in 2015, yet solar capacity additions rose to an all-time high of 75 gigawatts. “The investor hunger for existing wind and solar farms is a strong signal for the world to move to renewables,” said Prof. Dr Udo Steffens, President of Frankfurt School of Finance & Management, commenting on record acquisition activity in the clean power sector, which rose 17 percent to $110.2 billion.

Morocco Rises: Starts Construction On The World’s Largest Solar Power Complex

In the presence of the Moroccan King, Mohammed VI, construction commenced on the country’s fourth power plant – NOORo IV – which will become the largest solar power complex in the world, providing electricity for 1.3 million people. After commissioning, at the beginning of 2018, the PV plant will enable annual savings of at least 56,000 tonnes in CO2 emissions. When all four power plants are combined, CO2 emissions will be reduced by around 800,000 tonnes every year. The Noor complex is scheduled to be completed by 2019 and supply a total of 580 MW of output power from three solar thermal energy plants and one photovoltaic plant.

Xcel Files 1,230 MW Wind Proposal Claiming $2.8Bn Customer Savings Over 30 Years

Xcel Energy has filed a proposal, seeking approval to construct the 522MW Sagamore wind facility in New Mexico and the 478MW Hale wind facility in Texas, as well as a long-term PPA in Texas for 230MW supplied by the Bonita wind facility. The utility company forecasts that this will save customers located in both states approximately $2.8 billion over a 30-year period, borne from integrating the lower-cost wind energy resources into the company’s energy portfolio. The additional 1,230 MW of wind energy is enough electricity to power more than 440,000 typical homes, according to Xcel.

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