2 November 2015 2015 01:31 AM GMT

Mitsubishi Corp. Units in JV to Develop 15-MW Geothermal Project

Two Mitsubishi Corp. units, Mitsubishi Materials Corp. and Mitsubishi Gas Chemical Co., will set up a 15-megawatt geothermal power plant in northern Japan’s Iwate prefecture.

The plant will be operated as a joint venture between the two companies. Media reports say the plant is expected to start operating in 2022. Mitsubishi Corp. last May announced that is partnering Kyushu Electric Power Co. to conduct surveys on geothermal power in Minamiaso Village, Kumamoto Prefecture in southwestern Japan.

June 23rd 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.

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%).