12 December 2017 04:57 PM GMT

A new economic study highlights that future energy systems in the UK and Germany, with very high levels of variable renewable generation, must be complemented by flexible resources, including energy storage. The study was released by Bloomberg New Energy Finance (BNEF). “This study highlights a seismic shift in how power systems will operate in the future. As wind and solar become the cheapest options for power generation, the race is on to develop and deploy the flexible resources that will complement them,” said Albert Cheung, head of global analysis at Bloomberg New Energy Finance.

November 30th 2017
Vestas Boosts Presence In Spain. Seals Agreement To Build 5 New Wind Parks

At WindEurope 2017 in Amsterdam, Vestas and Gas Natural Fenosa has sealed an agreement to build 86 MW of wind energy across five new wind parks in Spain. The wind parks will be Vestas’ first projects derived from Spain’s latest auctions held in May. Commissioning and installation of the wind turbines is expected for the second half of 2018. The renewables branch of Gas Natural Fenosa, one of the leading utilities worldwide, has installed more than 400 MW of Vestas’ turbines in Spain, the latest installed in 2016.

November 29th 2017
Pico Alto Highlights The Increasing Significance Of Geothermal In Energy Mix

The inauguration ceremony of the Pico Alto 4 MWe geothermal power plant was held recently in the stunning scenery of the Terceira Island, Azores. The plant is now providing a sustainable, reliable source of electricity to 56,000 inhabitants and meeting up to 10% of the island electricity needs. Marco Bonvini COO of EXERGY stated, “we are very proud of the successful completion of this challenging project. It represents a great example of how innovation in greentech can provide sustainable solutions. We see many opportunities to apply the technology in remote environments and Pico Alto is a good starting point and an excellent reference.”

November 27th 2017
Vestas, Fortum Lead Expansion Of Wind Energy In Huge Russian Electricity Market

Following the success of Vestas and Fortum Energy in Russia’s first wind energy auction, the two companies have entered into an agreement, engaging Vestas to supply its 4 MW platform for wind energy projects in Russia, the world’s fourth-largest electricity market. With this, the companies hope to lead the expansion of wind energy in Russia. They will work with local partners to establish a strong local manufacturing and supply chain capacity; and Vestas will also provide its considerable experience to build up and establish high standards for the relatively young Russian renewables sector.

November 27th 2017
FutureLearn, InnoEnergy Team Up On Clean Energy, Smart Grids, Blockchain And PV

FutureLearn, the leading social learning platform, has announced a new partnership with InnoEnergy, Europe’s sustainable energy engine supported by the EIT. The partnership will see InnoEnergy host a range of new online education courses in the sustainable energy sector, including blockchain technology, smart grids and solar photovoltaics, on the FutureLearn platform. The massive open online courses (MOOCs) are aimed at cleantech industry professionals, and members of the public can also register. Designed to equip participants with the knowledge and skills required to develop new innovations in sustainable energy, the first courses are focused on a range of topics that are set to dominate the innovation agenda over the next few years, including blockchain, smart grids for smart cities and the business potential of solar photovoltaics.

 
November 20th 2017
African Rise: VINCI Energies Wins Contract To Build 8 PV Power Plants In Senegal

VINCI Energies has won a project that could be at the spearhead of many other similar projects for EU, Chinese and US firms. A €26.8m contract for 8 pv power plants with a combined capacity of 17 MW, to be built over a period of only 10 months. Strategically the project will diversify Senegal’s energy mix and electrify the country’s isolated regions. The power plants will use 62,850 panels overall and produce the annual energy consumption for 140,000 people. The project represents a €26.8 million investment, financed by the German bank KFW and Senelec.

November 20th 2017
E.ON, CLEVER Create Ultra Fast Charging On Electric Highway From Norway To Italy

Sensing the global shift towards electric vehicles, over the next three years, E.ON and CLEVER will establish a network of 180 ultra-fast charging stations for electric vehicles (EVs) in seven countries connecting Norway to Italy. The network is appointed as an EU flagship project and has received €10 million in funding from the European Commission. The 180 stations will be spread across seven countries. The majority of the locations will be built in Germany, followed by France, Norway, Sweden, UK, Italy and Denmark. Each of the stations will provide 2-6 charging points and will be rolled out in Europe during the next three years with the first sites being located in Germany and Denmark.

November 20th 2017
Winds Of Change: Walney Wind Farm Investment Completed By Legal And General

With over £951bn in total assets management, Legal & General is one of the UK’s leading financial services groups and a major global investor. The company has announced that it has provided close to £300m of long-term acquisition debt in support of Danish pension funds, PKA and PFA consortium’s approx £2bn purchase of 50% of Walney Extension from Ørsted (the former Dong Energy). Walney Extension, which is currently under construction, will be the world’s largest offshore wind farm with a capacity of 660 megawatts (MW), providing enough power for over 590,000 homes. Charles-Henry Lecointe, Senior Investment Manager, LGIM Real Assets stated that the move was part of the company’s commitment of “investing in key UK infrastructure assets which will have a major impact on stimulating economic growth while ensuring long-term cash flow for pension funds.”

November 16th 2017
Scaling Heights: Vestas Repowers One Of Europe’s Highest-Located Wind Parks

Vestas is to repower one of Europe’s highest-located wind parks with a customised solution at the Tauernwindpark. Located in Niedere Tauern mountain massif in Styria, Austria, the Tauernwindpark is one of the highest-located wind parks in Europe, operating 1,900 meters above sea-level. ImWind, Tauernwindpark’s owner, was looking to repower the 22.75 MW wind park, which currently consists of 13 V66-1750 kW wind turbines. A wind power project in such an environment is demanding, not only with regard to turbulence caused by the mountains but also with regard to the remote site’s logistical challenges as well. 

November 16th 2017
EV Boost: BMW, Porsche, VW, Ford Launch Pan-European High-Power Charging Network

Electric vehicles and e-mobility received a major boost with BMW Group, Daimler AG, Ford Motor Company, the Volkswagen Group, Audi and Porsche announcing a joint venture IONITY, that will develop and implement a High-Power Charging (HPC) network for electric vehicles across Europe. Launching approximately 400 HPC stations by 2020, IONITY will make long-distance journeys easier and marks an significant step forward for electric vehicles and the electric highway revolution. The network will use the European charging standard Combined Charging System.

November 15th 2017
BNEF: Countries, Rich And Poor, Should Renew Efforts To Fulfil Paris Pledges

The Paris Agreement brought 195 countries together to agree on the urgency of addressing climate change. The accord showed its resilience when world leaders collectively condemned plans by the U.S. to withdraw from the pact. Yet Paris can only be judged a success when its signatories follow through on their promises. For wealthier nations, this means fulfilling the promise first made at Copenhagen to provide financial assistance to lesser developed countries. For non-OECD nations, this means adopting detailed clean energy policy measures shown to build investor confidence.

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