Author: Arnes Biogradlija

The appointment of Miguel Stilwell de Andrade as Chairman of the Board and CEO of EDPR was approved by the EDP Renewables (EDPR) Board of Directors. Rui Teixeira, who has been EDPR’s interim CEO since last July, has been appointed as CFO of the company. Following these appointments, EDPR consolidates a leading management team with excellent expertise in the green energy industry and the requisite capabilities to address a crucial moment in the energy transformation of which, through its dedication to the production of renewable energies, EDPR has shown a deep commitment. Miguel Stilwell and Rui Teixeira will collaborate with…

Portugal is expected, as a signatory to the Paris Agreement, to commit to the total bloc-wide goals of lowering GHG emissions by 40 percent below 2005 levels and rising the share of renewable energy to 32 percent of gross final consumption. The country is expected to install 9.2 GW of new power capacity between 2021 and 2030, in accordance with these goals. According to GlobalData, a leading data and analytics firm, over 80 percent of this capacity is set to come from new solar photovoltaic (PV) installations allocated via the auction process. The National Energy and Climate Plan of Portugal, released…

MSC Mediterranean Shipping Company has joined the Hydrogen Council as a steering member to foster cross-sector collaboration that will accelerate R&D related to clean hydrogen derived fuels and solutions. MSC work with others to advance the exploration viability of hydrogen and fuels derived from it as potentially viable fuel sources for container shipping. “MSC is actively engaging with a wide range of stakeholders to accelerate the development of clean hydrogen fuels for shipping. The future of shipping and decarbonization will rely on strong partnerships from both the perspective of technology collaboration and procurement. There must be a massive injection of…

The three largest Polish energy companies have signed a letter of intent on cooperation in future offshore wind farm projects. The companies recognize the value of the offshore wind energy sector for the development of the Polish economy and increasing the level of Poland’s energy security. “The construction of offshore wind farms in the Baltic Sea is a project of great importance for the Polish economy. It is not only a step towards the transformation of our energy sector towards a low-carbon economy, but above all benefits related to stimulating development, increasing innovation, and using the potential of Polish companies.…

Adani Solar Energy Kutchh One, a step-down subsidiary of Adani Green Energy Limited (AGEL) has commissioned a 150 MWac solar power project 3 months ahead of scheduled date. This plant has a Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a term of 25 years at Rs. 2.67/kWh ($0.037/kWh). The gross operating renewable capacity of AGEL has risen to 3,125 MW with this commissioning. The Energy Network Operation Center (ENOC) will be linked to the facility, which constantly tracks and analyzes the output of 80+ solar and wind plants throughout different locations in India. AGEL has a gross…

Ørsted has decided to invest in the Danish demonstration project H2RES at Avedøre Holme in Copenhagen, Denmark. H2RES will use offshore wind energy to produce renewable hydrogen. The project is expected to produce its first hydrogen in late 2021 and will be Ørsted’s first renewable hydrogen project in operation. H2RES will be Ørsted’s first renewable hydrogen project in operation and marks a new era in Ørsted’s green journey, where the power of offshore wind will be harnessed to decarbonize society beyond direct electrification, offering a path towards zero emissions for otherwise hard to abate sectors. H2RES will have a capacity…

NextPower III ESG (NPIII ESG), the third institutional solar fund of NextEnergy Resources, has acquired its second solar PV in Portugal and its first one in Chile. The capacity of the NPIII ESG in operation and under construction, across 15 projects/portfolios, is currently 430MWp in carefully selected geographies. NPIII ESG successfully secured nine transactions during the COVID 19 pandemic, demonstrating its investment manager’s ability to finalize investments under challenging circumstances. NPIII ESG has six additional exclusive projects with a total capacity of approximately 500MWp and a further pipeline of approximately 2GWp. The Portugal acquisition consists of a 11.6MW capacity project.…

Ricardo and AFC Energy have reached an agreement to find new and innovative renewable fuel solutions. The deal will concentrate on the collaborative production of hydrogen fuel cell service offerings, with an initial focus on marine, rail and stationary power generation. Collaboration will develop products and services that will actively help global initiatives to decarbonize transport, energy and essential infrastructure at national level. In combination with AFC Energy’s alkaline fuel cell technology platform, ‘H-Power,’ the collaboration will allow the design and delivery of high-quality and advanced technologies and explore new areas where both companies have a direct route to the…

Johnson Matthey (JM) has confirmed that its cathode material battery plant in Konin, Poland, will be powered entirely by electricity from renewable energy from the first day of production. Johnson Matthey (JM) has signed a solar and wind investment deal with Axpo. Axpo will provide green energy to Johnson Matthey’s new factory in Konin, which is scheduled to begin commissioning in 2022 to supply vehicle manufacturing platforms in 2024. Using 100 percent renewable electricity would substantially minimize the carbon emissions of the plant and help Poland’s transition to a lower carbon economy. The new plant in Konin marks a significant…

RWE has signed an agreement with Greencoat to sell a 24 percent stake in four RWE onshore wind farms in Texas. This contributes for a gross installed capacity of 207 MW pro-rata. The agreed purchasing price of around $160 million corresponds to an enterprise value of around $300 million (24 percent) which converts into an inferred enterprise value of $1.4 million/MW. Three ventures are in progress and one is under construction. After the close of the deal, RWE will continue to manage all four wind farms. The deal with Greencoat follows on from the announcement made in December 2020 by RWE to…