10 August 2017 09:15 AM GMT

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to new research published by Bloomberg New Energy Finance (BNEF). Tumbling battery prices mean that EVs will not just have lower lifetime costs, but will also be cheaper to buy than internal combustion engine cars (ICE) in most countries by 2025-29. Colin McKerracher, lead advanced transport analyst, BNEF, said: “We see a momentous inflexion point for the global auto industry in the second half of the 2020s.

August 9th 2017
IDFC Alternatives Fund Acquires Solar Projects Totaling 190MW From First Solar

India Infrastructure Fund II (IIF II), represented by its investment manager, IDFC Alternatives Limited, one of India’s largest alternatives fund managers, is to acquire seven operating solar projects owned and operated by the First Solar Group in the Indian states of Andhra Pradesh and Telangana aggregating to a capacity of 190 MW. All the projects utilise First Solar’s advanced CdTe (Cadmium Telluride) based thin film modules, one of the most environmentally friendly PV technologies, and sell the power generated to state utilities, under long term power purchase agreements. Aditya Aggarwal, Partner, IDFC Alternatives stated that “consistent with its stated strategy of aggregating operating renewable assets, IIF II is well on its way to achieving an installed base of 400-450 MW of operating renewable assets by the end of the current financial year.”

August 9th 2017
35% Of German Electricity Consumption Now From Renewables: Grid Challenges Ahead

The Centre for Solar Energy and Hydrogen Research in Baden-Württemberg (ZSW) and the German Association of Energy and Water Industries (BDEW) have stated in an initial assessment that electricity generated from clean energy accounted for 35% of Germany’s consumption in 1H 2017. It’s the first time that this mark has been reached. The total share of electricity generated from renewables was up 2% from last year. The growth from onshore wind was 13.6%; offshore wind saw the steepest growth at 47.5%; growth from biomass increased by 2.2%, whilst the growth from PV systems was 13.5%, compared with the 1H 2016.

August 5th 2017
Invenergy, GE Renewable Energy Announce 2GW Facility: Largest Wind Farm In US

Invenergy and GE Renewable Energy have announced a 2GW wind farm that will be the largest in the U.S. and second-largest in the world, once operational, in 2020. The Wind Catcher facility is under construction in the Oklahoma panhandle and will use 800 state-of-the-art GE 2.5 MW turbines. It will link more than 1.1 million customers with wind energy harvested domestically, saving them more than $7 billion, and will support 4,000 direct and 4,400 indirect jobs annually during construction and 80 permanent jobs once operational. “Wind Catcher shows American leadership in bringing low-cost clean energy to market at Giga scale,” said Invenergy’s Founder and CEO Michael Polsky.

August 4th 2017
Enel Awarded 339 MW Of Solar Capacity In Spanish Renewables Tender

Enel S.p.A., acting through its Spanish subsidiary Endesa’s renewable company Enel Green Power España (EGPE), has been awarded 339 MW of solar capacity in Spain. The award followed the tender aiming at collecting 3 GW from renewable energies, launched by the Spanish Government to help the country achieve its target to cover 20% of energy consumption from renewables by 2020. The solar capacity adds to the 540 MW of wind power capacity that EGPE was already awarded last May. “This new milestone confirms our commitment to green energy in Spain, a country which continues to offer growth opportunities for our renewable projects,” said Antonio Cammisecra, Enel’s Head of Global Renewable Energies.

 
July 28th 2017
TELE-FONIKA Kable Acquires JDR, Strengths Position In Offshore, Subsea Sectors

JDR Cable Systems (Holdings) Ltd., a leading supplier of subsea umbilicals and power cables to the offshore energy industry, has announced that it is to be acquired by TELE-FONIKA Kable. TFKable is a leading global producer of wires and cables. Both companies have a long history of collaboration, with TFKable being JDR’s important business partner providing water blocked power cores for its cable and umbilical systems. JDR’s subsea systems, used in the global offshore oil, gas and renewable industries, allow its customers to power and control their offshore operations, and will enhance the range of cable solutions TFKable can provide to its customers.

July 28th 2017
New BNEF Report Highlights A Massive Shift to Wind And Solar, While Coal Fades

A new independent report from Bloomberg New Energy Finance (BNEF) states that clean energy such as wind and solar will account for almost 75% of investment in power generation worldwide, between now and 2014. New Energy Outlook 2017 estimates that overall $10.2 trillion will be spent on power generation technology in the next 22 years, with $7.4 trillion being spent on renewables. This year’s forecast sees solar energy costs dropping a further 66% by 2040, and onshore wind by 47%, with renewables undercutting the majority of existing fossil power stations by 2030.

July 27th 2017
Energy-Saving HERO Financing Available To 129,000 More Homes In Missouri

HERO’s latest expansion is expected to spread these economic benefits to the new communities where it will operate. It’s estimated that HERO-financed home improvement activity has resulted in the creation of over 80 new Missouri jobs and over $17 million in economic activity. Many of these new construction-sector jobs can’t be outsourced or automated. In addition to residential PACE activity, MCED also has a pipeline of over $10 million for PACE-financed projects for commercial properties.

July 26th 2017
NRG Systems And RK Systems To Commission India’s Tallest Lattice Met Tower

RK Systems created the 150m tower for one of India’s leading clean energy Independent Power Producers. The decision to commission the tower was spurred by the growing proliferation of taller turbines. The company overcame a number of design challenges to erect the 150m tower. To keep the tower stable, secure, and under the 250kg weight limit, a design was introduced, that used square tubes – a first in India. According to Arun Mehra, Director of RK Systems, “In response to the increase in hub heights, and in order to perform accurate resource assessment campaigns that reduce uncertainty, it has become necessary to capture data at these heights.”

July 26th 2017
Vestas Seals Massive 557 MW Fleet-Wide Service Deal in Australia with Infigen

Infigen Energy and Vestas have signed fleet-wide long-term service agreements for 557 MW of Vestas and Suzlon turbines. With the deal, Vestas will provide maintenance to Infigen’s entire operating fleet until the end of their design life, including all their Suzlon turbines.
The agreements are effective from 1 January 2018 for a period of between 7 and 15 years, depending on the wind park. “Vestas has a proven track record, developed over many years, for delivering high-quality service and optimal asset performance”, said Ross Rolfe, Infigen’s Managing Director.

July 25th 2017
Next Generation Of Methanol Fuel Cell Vehicles See The Light Of Day

With the aim to develop a cost efficient and environmentally friendly vehicle, the Danish methanol fuel cell manufacturer SerEnergy is now launching a commercial reformed methanol fuel cell vehicle with a driving range up to 800 km on a tank of methanol. The engineers and mechanics at SerEnergy’s mobility development centre, located in Aalborg, Denmark, has developed a reformed methanol fuel cell (RMFC) vehicle based on the Nissan e-NV200 electric car platform, a car that is being sold in large numbers worldwide.

July 15th 2017
Indian Firm Wins 1.8GW Sweihan Order; The Largest Solar PV Project In The World

Indian company Sterling and Wilson has won the contract for the world’s largest single location solar PV project. The Sweihan project in Abu Dhabi is for turnkey EPC as well as O&M; and is jointly developed by Japanese investment firm Marubeni, Chinese solar company Jinko Solar, and Abu Dhabi Water and Electricity Authority (ADWEA). It will deliver a capacity of 1177 MWp, surpassing the current largest 850 MWp single location plant in China. In March 2017, Marubeni and Jinko had signed a 25-year PPA with ADWEA on a tariff of $0.0242/kWh, making Sweihan also the plant with the lowest electricity price so far.

July 15th 2017
SolarEdge Launches Fastest EV Charging Technology; Combining Grid With PV Power

SolarEdge Technologies, Inc., has unveiled the world’s first inverter-integrated electric vehicle (EV) charger. By supplementing grid power with PV power, the new Level 2 EV charger offers charging up to six times faster than a standard Level 1 charger with its innovative solar boost mode. The company’s HD-Wave inverter, once integrated with an EV charger, will not only provide the existing management and monitoring of solar production, but will also enable EV charging from a single inverter and dashboard. The combined solution also results in considerable cost savings on both hardware and labour.

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