11 October 2017 09:50 AM GMT

During the auction held recently by the Brazilian Federal Government, ENGIE won concession contracts for two hydropower plants (HPP) for a total amount of around €950m (BRL3.531bn). The Jaguara HPP, located in Rio Grande (between the states of Minas Gerais and São Paulo), with a 424 MW installed capacity and the Miranda HPP, located in Rio Aragui, in Indianápolis (Minas Gerais State), with a 408 MW installed capacity. The concession contracts are signed for a 30-year period. They raise the installed capacity of ENGIE from 10,290 MW to 11,122 MW and reinforce ENGIE’s position as the largest private energy producer in Brazil.

October 2nd 2017
Wind Energy Has The Potential To Provide 30% Of Europe’s Power By 2030

Wind energy has the potential to provide up to 30% of Europe’s power by 2030 according to reports by WindEurope. These state that Europe is on course for an average installation rate of 12.6 GW per year in the years up to 2020, taking it to a total of 204 GW by 2020. By this date wind would be Europe’s largest renewable energy source, surpassing hydro and providing 16.5% of it’s electricity demand. The growth is concentrated in six countries, with Eastern Europe, a platform for growth beyond 2020.

August 30th 2017
US Electricity Generation – Renewables Level With Nuclear; Solar Growth Surges

The latest issue of the U.S. Energy Information’s (EIA) “Electric Power Monthly” reveals that renewable energy sources are level with nuclear power, in regards to their respective shares of the nation’s electricity generation, with each providing roughly 20% of the total. While renewables and nuclear are each likely to continue to provide roughly one-fifth of the nation’s electricity generation in the near-term, the trend line clearly favors a rapidly expanding market share by renewables compared to a stagnating, if not declining, one for nuclear power.

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 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
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.

May 21st 2017
Russia: Abundance Of Renewables Can Fuel Growth; Quadruple Clean Energy By 2030

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.

May 21st 2017
US Wind And Solar Surge: Providing Majority of New Generating Capacity Q1 2017

According to the latest issue of the Federal Energy Regulatory Commission’s (FERC) “Energy Infrastructure Update” (with data through March 31, 2017), wind and solar provided 50.84% of the new electrical generating capacity added to the U.S. grid during the first quarter of 2017. Significantly, renewables power sources are now almost 20% of the total US electrical generating capacity. If current growth rates continue, renewables should top 20% before the end of this year. Generating capacity from renewable sources is now more than double that of nuclear power (9.10%) and rapidly approaching that of coal (24.25%).

April 21st 2017
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.

February 20th 2017
Renewables Provide 23% Of US Electrical Generation, As Wind, Solar Grow Rapidly

According to the U.S. Energy Information Administration (EIA); renewables provided 23% Of US electrical generation in 2016, as wind and solar surged with an increase of 23%. Electrical generation by coal dropped by 8.30% and that from petroleum liquids & coke plummeted by 15.37%. (Solar-generated electricity is now more than double that from petroleum sources.) Electrical output attributable to natural gas and other gases increased by just 3.47% while growth in the nuclear power sector was an anaemic 1.02%. Beyond solar, wind, and hydro; geothermal also posted an impressive increase of 9.41% in 2016.

January 20th 2017
Tata Commissions Solar And Wind Projects, Strengthens Position In India

Speaking on this, Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Limited, said, “With the commissioning of these 2 projects, TPREL continues to fortify its position of being the largest renewable energy company in the country. Our strategic approach is in line with Tata Power’s aim to expand its clean energy portfolio up to 35-40% by 2025. We are extremely proud of this development and we continue to seek to grow our portfolio in India and in select international markets through organic and inorganic opportunities.”

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