According to data published by the International Renewable Energy Agency (IRENA), the world added more than 260 GW of renewable energy capacity last year, almost tripling the volume added in 2019. Despite the economic downturn caused by the COVID-19 pandemic, global renewable energy capacity adds in 2020 exceeded prior projections and all previous records. According to IRENA’s annual Renewable Capacity Statistics 2021, renewable energy’s share of all new generating capacity increased significantly for the second year in a row. Renewables accounted for more than 80% of all new power capacity installed last year, with solar and wind responsible for 91% of…
Author: Arnes Biogradlija
Copenhagen Infrastructure Partners (CIP) has entered into an agreement to divest a 49 percent interest in the Monegros onshore wind portfolio to a fund controlled by Arjun Infrastructure Partners through its fund Copenhagen Infrastructure III K/S (CI-III). Monegros’ portfolio comprises 12 onshore wind farms in Aragon, Spain, with a gross installed capacity of 487 MW. Monegros is a portfolio company of Copenhagen Infrastructure III K/S (CI-III), a €3.5 billion energy infrastructure fund run by CIP. “We welcome Arjun as partner in the Monegros portfolio and are pleased to enter in this transaction that recognises the value generated so far by…
Hydrofuel Canada and Ontario Tech University have signed a letter of intent to sponsor research projects and negotiate commercial rights to a specialized portfolio of ammonia-related technologies at the University. Hydrofuel has raised $500,000 in capital investments to support this initiative. In addition to the investment, Hydrofuel has closed a non-brokered private placement offering for $1.3 million. “Under the terms of the January 27, 2021 letter of intent outlining an exclusive option to sponsor ammonia related research projects at Ontario Tech University, Hydrofuel’s investment of a minimum $500,000 (with or without matching government funding) will be used to begin negotiations with Ontario Tech University regarding the terms of…
Masdar has signed an Implementation Agreement with the Government of the Republic of Uzbekistan to expand the ability of its utility-scale wind farm project –Uzbekistan’s first of its kind–to up to 1.5 GW. H.E. Shukhrat Vafaev, Deputy Minister, Ministry of Investments and Foreign Trade, and H.E. Sherzod Khodjaev, Deputy Minister of Energy, signed the project capacity extension agreement with Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar. “Mobilization of renewable energy potential in Uzbekistan would provide significant contribution to sustainable economic growth and fighting climate change. Along with that, expansion of clean power generation capacities by Masdar will support…
The project development platform includes 773 megawatts (MW) AC of projects that are expected to commence construction in the next two years, as well as the 30-MWAC Barilla Solar Project, which is operational.
Royal IHC has been developing a hydrogen-powered TSHD that is designed to be used to maintain the Dutch coastline.
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