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Krannich Solar and Fimer Enter Into Strategic Partnership – Live Discussion, Join Now!

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Krannich Solar, one of the leading distributors for photovoltaics worldwide has signed a collaboration agreement with FIMER, the fourth largest solar inverter supplier in the world for the distribution of their inverters in Indian market. The alliance will strengthen the competitiveness through leveraging each other’s competencies and experience and ensure the most efficient and reliable deliveries to the customers.

As one of the top solar inverter suppliers in the world, FIMER has an extensive portfolio of string, central and legacy inverters. FIMER offers a wide range of single and three phase PV inverters ranging from 1.2 kW to 5 MW. FIMER is enriching the Krannich product range with high end energy solutions suitable for residential and commercial projects.

We are very pleased to start working together with FIMER” says Sandeep Banodiya, Sales Director of Krannich Solar India. “The inverters compliment our product range very well as they will offer our customers excellent quality and significant added value. With FIMER we will create a winning partnership in the India like other countries. With FIMER we have a partner that has built up an excellent reputation for quality and reliability.”

“We have a global partnership with Krannich and we would like to strengthen this further with our relationship in India”, says KN Sreevatsa, Country Head of FIMER in India. “Krannich has an excellent team and will be our national partner to enhance our presence in India. We shall offer our entire range of string inverters with our partnership which will help our customers with ease of doing business. We are excited to partner with Krannich in this new era of FIMER”.

Fimer is going to showcase its wide array of string inverters at 3pm on 3rd July, in the webinar. The company will also be discussing about the Fimer – Krannich partnership, join now: https://bit.ly/2CY82Xz

Mainstream Renewable Power Raises €90 Million Additional Funding

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Mainstream Renewable Power has raised €90 million in additional funding to accelerate new market entries and the build-out of gigawatt-scale wind and solar assets across Latin America, Africa, and the Asia Pacific region.  

The capital increase raised €90 million from Mainstream’s current shareholder base, including Aker Horizons, which maintained its 75% stake in the company. Demand from Mainstream’s Irish investor base was strong, resulting in an oversubscribed transaction.   

The funding round will help accelerate the company’s growth, extend its footprint and support its ambitions of building a global renewable energy major.

Mainstream has secured several strategic wins in recent months, including winning preferred bidder status of projects with a combined capacity of 1.27 GW in South Africa, launching the 1 GW Nazca Renovables platform in Chile, and securing an investment decision from the Provincial Government of Soc Trang relating to the 1.4 GW Phu Cuong Soc Trang offshore wind project in Vietnam.

Mainstream is also currently in the process of constructing the 1.37 GW Andes Renovables platform in Chile, on track to complete construction between 2021 and 2023.  

Mary Quaney, Mainstream’s Chief Executive Officer, said, “Today’s announcement of an additional €90 million of funding means that Mainstream can accelerate its role in tackling climate change across the globe.

“This funding will help us deliver on the major project milestones we’ve announced in recent months, across South Africa, Vietnam, and Chile, and strengthen our global growth trajectory as we continue to expand our presence in existing markets as well as enter new markets in the months ahead.”

Ncondezi Energy Sells Mozambican Solar and Storage C&I Subsidiary

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African power development company Ncondezi Energy Limited has recently announced its renewable energy Ncondezi Green Power Holding Limited (NGP) subsidiary has entered into a sale and purchase agreement (SPA) with Green Energy SPV PLC and sold its Mozambican solar and storage-focused outfit for USD 1.3 million.

The Mozambique Green Power (MGP) is the Ncondezi group’s maiden Commercial and Industrial (C&I) project consisting of 400 kWp solar and 912 kWh battery storage facility in Mozambique.

MGP’s portfolio was tied up in exclusivity agreements with South African investing company Nesa Capital, through which both the companies were seeking to set up a joint venture dedicated to a solar-plus-storage storage facility in the C&I sector of Southern Africa. These agreements were terminated in order to make way for the sale of MGP to Green Energy SPV.

Green Energy is a newly formed company under Scott Fletcher, the Non-Executive Director of Ncondezi Energy Limited. The other Non-Executive Director of Ncondezi Energy, Aman Sachdeva commented, “Following completion of the strategic review process, Green Energy’s offer provides a premium valuation with an easy to execute structure.” 

Ncondezi has waived certain contractual rights in relation to Scott Fletcher and the CEO Hanno Pengilly under their letter of appointment and service agreement, respectively, such that both of them are permitted to participate in any C&I solar PV and battery storage projects carried out by Green Energy following completion of the transaction.

The transaction with the buyer was completed and the proceeds from the sale will be used to repay a bridge loan with the remainder of the amount, standing at around USD 0.65 million, will be used for general working capital purposes.

Ncondezi Energy will now be focusing on its main project, the integrated 300-MW coal-based thermal power plant and mine project in the northern region of the country.

ENGIE And Masdar Forms US$5 Billion Alliance For Green Hydrogen

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ENGIE and Masdar, one of the world’s fastest-growing renewable energy companies, announced that they have signed a strategic alliance agreement to explore the co-development of a UAE-based green hydrogen hub. The two companies are looking to develop projects with a capacity of at least 2 GW by 2030, with a total investment in the region of US$5 billion.

The agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, and Masdar Chairman, and Catherine MacGregor, ENGIE CEO, in the presence of Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Emmanuel Macron, President of the French Republic, during his visit to the UAE.

This partnership aims to capture synergies and complementarities between Masdar, as an investor and developer of renewable energy projects, and ENGIE’s leadership position in green hydrogen deployment to establish an early mover position in the UAE’s hydrogen market. By leveraging existing infrastructure, the companies will initially target local supply, with the aim of expanding capacity to create a giga-scale green hydrogen hub for the GCC, with the potential to export to other markets.

Catherine MacGregor, ENGIE CEO, said, “We are very pleased to partner with Masdar to make a direct contribution to the UAE’s Net Zero 2050 strategic initiative. This strategic alliance illustrates ENGIE’s ambitious goals for the long-term development of renewable hydrogen, an essential tool for the energy transition.”

Mauritius Launches Solar PV Systems for Domestic Customers and Charging of EVs

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Mauritius’ state-owned electric utility, the Central Electricity Board (CEB) has opened two schemes to drive the deployment of a total of 20 MW of household and commercial solar PV systems, with half of it linked to the home and the rest for charging of electric vehicles (EVs). 

CEB has opened the household solar program called “CEB Solar PV Scheme for Domestic Customers (Households)” which will pay for all the electricity generated by rooftop arrays with an individual generation capacity of up to 5 kW. The EV-linked scheme, “CEB Solar PV Scheme for Charging of Electric Vehicles” was launched a few weeks ago for domestic and commercial customers, which has a 10 kW DC maximum system size.

The programs are in line with the Government’s promise in the National Budget Speech 2021-22 in June this year. Each program aims to allocate a cumulated capacity of 10 MW of generation capacity, to help the government achieve its goal of 35% renewable energy share in the electricity mix by 2025, and 60% by 2030. 

In both the schemes, the electricity generated by the solar PV systems will be bought by the utility for MUR 3.73 (nearly USD 0.085) per kWh in this fiscal year, with that tax to be re-evaluated annually over a payment period of 20 years.

CEB noted that all power or, in the case of EV charging, the surplus power will be exported to the grid under the “gross metering” approach – without any self-consumption – as a positive aspect of the initiatives since the consumers will not have to buy an energy storage system.

The purchase of solar arrays could be financed through a ‘green’ loan from commercial banks or a concessional loan from the Development Bank of Mauritius (DBM). Eligible customers for the household solar program will also get benefits from an income tax deduction under the government’s Solar Energy Investment Allowance. The CEB also stated that the non-commercial users of the EV-linked system will be eligible for time-of-use electricity tariffs at some stage of the program.

The two solar deployment programs follow the introduction of a 60 MW program by the CEB in October, to be developed by public sector entities. These three programs look forward to driving 80 MW of new solar capacity in the country which had only 83 MW of grid-connected solar, according to the International Renewable Energy Agency (IRENA).The programs are part of the Government’s mitigation strategy to reduce CO2 emission in line with the country’s international pledge for the UN sustainable development goals. The schemes also offer the opportunity to democratize the electricity generation business, ensuring the sustainable development of the national power system.

ACWA Power And Natixis CIB Signs MoU To Finance New Projects

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ACWA Power, a leading developer, investor, and operator of power generation, desalinated water, and green hydrogen plants worldwide, and Natixis Corporate & Investment Banking (Natixis CIB), a subsidiary of Groupe BPCE, the second-largest banking group in France, signs a Memorandum of Understanding (MoU) stating their intention to collaborate on the advancement of ACWA Power’s projects in the region.

The MoU was signed in Jeddah, Saudi Arabia, by Clive Turton, Chief Investment Officer of ACWA Power, and Anne-Christine Champion, Co-Head of Natixis CIB. It paves the way for the two parties to explore opportunities to develop new projects in the region, including in renewable and clean energy, with an objective for Natixis CIB to finance up to approximately USD 2 billion over two years for ACWA Power’s future project pipeline.

HE Khalid Al Falih, the Saudi minister of Investment; HE Franck Riester, the French Minister of Foreign Trade and Economic Attractiveness; as well as Mohammad Abunayyan, Chairman of ACWA Power; and Barbara Riccardi, Regional Head for the Middle East and Ammar Bukhamsin Country Head of Saudi Arabia from Natixis CIB were also present at the signing ceremony.

Paddy Padmanathan, President & CEO of ACWA Power, said, “Building on a hugely successful longstanding partnership, we are proud and privileged to document the vision to further expand this relationship through this MoU. This MoU signed today demonstrates our shared commitment to advancing the renewable energy and decarbonization ambition in the markets we serve by expanding cost-competitive financing solutions through innovative structures and accessing wider pools of liquidity. At ACWA Power, we remain committed to building strategic relationships that ensure we cater to the rising demand of power and water within the communities in which we operate without compromising the path towards achieving the objective of becoming net-zero by 2050.”

“We are delighted to have signed an MoU with ACWA Power, which cements the close relationship of trust and cooperation that we have forged over the past ten years. Natixis CIB’s area of expertise are highly complementary to those of ACWA Power, and we greatly look forward to continuing to accompany ACWA Power as it leads the way in the development of renewable energy, water desalination, and green hydrogen projects throughout the region,” said Anne-Christine Champion, Co-Head of Natixis CIB.

Since 2005, ACWA Power and Natixis CIB’s relationship has increasingly grown, and Natixis has underwritten a number of ACWA Power’s high-profile projects such as Sakaka Solar PV IPP, DEWA IV CSP/PV Hybrid IPP, and DEWA V Solar PV IPP.

ACWA Power’s mission is to reliably and responsibly deliver electricity and desalinated water at a low cost, thereby contributing effectively to the sustainable, social, and economic development of communities and countries.

Voltalia Launches The First Multi-Buyer Green CPPA In Europe

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Voltalia launches a 56-megawatt photovoltaic power plant with ten companies, customers of LCL, which will be able to accelerate their energy transition by directly accessing the green electricity produced.

Through this CPPA, these 10 companies, along with LCL, will share 100% of the electricity produced by a new photovoltaic power plant over the next 20 years. The plant is also home to a pastoral activity that promotes local development. For its part, LCL will provide the guarantee mechanism and common rules to ensure the solvency and proper functioning of this grouping throughout the duration of the project.

At the end of 2020, LCL and Voltalia joined forces on an innovative project to enable large and medium-sized companies, among the most sensitive to the issues of transition and energy mix, to benefit from contracts securing their long-term supply of renewable electricity, produced in France and based on guaranteed capacities and prices.

Air France, Bonduelle, Daco Bello, Groupe Fournier, Gerflor, Isigny-Sainte-Mère, Laiterie de Saint-Denis de l’Hôtel, Menissez, Paprec, Serge Ferrari are the ten companies.

“This project was born of the desire to give our corporate customers direct and competitive access to green energy of guaranteed origin, volume, and price. It was a daring challenge, but everyone’s enthusiasm enabled us to overcome the obstacles and bring this first Green CPPA to life. Many thanks to the 10 participating companies who have demonstrated a first-rate environmental commitment and a remarkable forefront spirit. This CPPA is also further proof of LCL’s commitment to provide concrete support to its corporate customers in their efforts to achieve the energy transition and sustainable economy, as supported by the LCL Smart-Business open-banking program”, said Olivier Nicolas, Member of the Executive committee Corporates – Wealth – ESG.

“Voltalia is a company whose objective is to offer renewable and competitive energy to as many people as possible. This is why it is a pioneer in setting up a multi-buyer Green CPPA that is unprecedented in Europe, enabling companies of different sizes to become involved in the energy transition”, said Sébastien Clerc, CEO of Voltalia.

Voltalia provides green electricity at a competitive price to the group’s customers. The multi-buyer scheme allows for an economy of scale by pooling the needs of companies. By opening up the possibility of consuming green energy to a larger number of economic players, Voltalia and LCL hope to trigger a virtuous circle of consumption among the bank’s partners, regardless of their size or sector. In this way, the companies are confirming their commitment to CSR, by enabling the construction of an additional solar power plant on the national grid.

The plant will be home to agricultural activity, adding a local co-development dimension to this project, in line with Voltalia’s mission to “improve the global environment by promoting local development. Voltalia is responsible for the construction and operation of the plant.

LCL is a subsidiary of Crédit Agricole SA and is one of the largest retail banks in France. Its ambition is to be the benchmark urban bank for one in seven city dwellers, one in two small and intermediate-sized enterprises, and one in three SMEs.

Voltalia produces and sells electricity generated from wind, solar, hydraulic, biomass, and storage facilities that it owns and operates. Voltalia has generating capacity in operation and under construction of more than 1.9 GW and a portfolio of projects under development representing a total capacity of 10.7 GW. 

China Suspends Lankan Renewable Energy Project Amid Security Concerns

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China has halted a proposal to build hybrid energy plants on three Sri Lankan islands, citing “security concerns” from a “third party,” amid claims that India is concerned about the project’s location.

The Chinese embassy in Colombo acknowledged the suspension of an energy project in Sri Lanka’s northern region.

“Due to security concerns from a third party, Sino Soar Hybrid Technology is being halted from building a hybrid energy system on three northern islands,” the embassy tweeted, without bringing in India’s name.

Instead, China has signed a contract, on November 29 with the Maldives to build 12 solar power plants on 12 Maldivian islands, according to the report.

According to Sri Lankan reports, the Chinese company Sino Soar Hybrid Technology was given the contract to build hybrid renewable energy infrastructure in the Delft, Nagadeepa, and Analthivu islands off the coastline of Jaffna in January.

India is said to be concerned about the Chinese presence on the islands, due to their closer proximity to Tamil Nadu.

The contract between Lanka and China was awarded as part of the Supporting Electricity Supply Reliability Improvement Project, which is being carried out by the Ceylon Electricity Board (CEB) and sponsored by the Asian Development Bank (ADB).

China is one of the most significant investors in different infrastructure projects going on in Lankan islands as part of Beijing’s contentious Belt and Road Initiative (BRI). 

However, there has been widespread criticism, both domestically and internationally, as well as rising fears that China has led Sri Lanka into a debt trap.

GoodWe Keeps Up With The Trust Of Customers; Receives 30+ Appreciation Letters

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Trust & Reliability of customers is the most valuable asset for GoodWe and yet again we have proved our mettle of consistent & unmatched performance of our 

PV inverters. We have received 30+ appreciation letters from our valuable clients like Sterling & Wilson, Tata Power Solar, Thapas Energy and many more.

We are proud to say that we have been consistently aligned with our Mission to provide seamless and hassle-free products and solutions. GoodWe also advocates for a greener environment and to provide a more sustainable future for the new generations to come.

Since the foundation of the company in 2010, every minute step of manufacturing and production is immaculate. From Raw Material selection to Certification, every small detail matters to us. Only the most reliable and prominent components after rigorous quality control experiments are selected for the inverters. 90% of them come from the Top 500 companies of the world. 

Various tests are followed to ensure cutting-edge performance:

  1. Incoming Inspection – All the incoming raw materials are sample inspected by certain proportion based on ISO9001. Failed components are rejected together with the batch they belong to
  1. ICT Test – In-Circuit test ensures that each piece of PCBA board is in perfect working conditions 
  1. ISO Test – This functionality test is designed for insulation, electricity lekage, safety regulations for various countreis, grid-tie simulation & safety guranteed
  1. Aging Test – Test under 50 degree celcuis with high humidity sealed room to simulate extreme envrionment for 6 hours which ensures each inverter will maintain its maximum performace without degradation

ISO Quality Certificates – We comply to the laid ISO guidelines and we are continuously striving to improve the quality of our management systems that enables GoodWe to produce safe and defect free products and to ensure that delivery and performance of the product will be of customers satisfaction. 

GoodWe has won many awards & accolades year by year but these letters and words of appreciation from our customers are mean more than Awards to us. 

We are grateful for the Trust & Support of our customers and we are committed to offering excellent PV system solutions to our customers across the globe.

About GoodWe:

GoodWe is a world-leading PV inverter and energy storage solutions manufacturer and is listed as a public limited company on the Shanghai Stock Exchange (Stock Code: 688390). 

GoodWe solar inverters have been used in residential and commercial rooftops, industrial and utility scale systems and range from 0.7kW to 250kW. GoodWe has more than 2000 employees situated in 15 different countries and is regarded as the Global No.1 storage inverter by Wood Mackenzie in 2020. GoodWe has also ranked as one of the Top 10 inverter suppliers by IHS Markit and has achieved five consecutive TÜV Rheinland ‘All Quality Matters’ Awards. Technological innovation is GoodWe’s main core competence. With more than 500 employees in two R&D centers, GoodWe can offer a comprehensive portfolio of products and solutions for residential, commercial and utility scale PV systems, ensuring that performance and quality go hand-in-hand across the entire range.

India being one of the most important markets to GoodWe, GoodWe has laid down foundation stones for a plethora of ambitious projects like: Rajikok-15MW, Cochin Airport-10MW, MRPL-6MW, Bosch-4MW, Simens-2MW, etc. GoodWe products have been deployed on the premises of companies like TATA Power, Sterling & Wilson, Fourth Partner, Renew, Amplus, Adani, Harsha Abakus, Atria, etc. 

Tata Power and IIT Madras to Collaborate on R&D and Technology Solutions

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Tata Power, one of India’s largest integrated power companies and Indian Instutute of Technology Madras (IITM), the country’s well-known technical and research university, will collaborate in areas of research and development (R&D), consultancy, policy advocacy, advisory, training, and commercialisation of technologies and solutions, amongst others.

They have signed a Memorandum of Understanding (MoU) to facilitate this collaboration.

Considering IIT Madras’ national and international excellence in technical education, basic and applied research, innovation, entrepreneurship and industrial consultancy and Tata Power’s team of in-house experts, there is an immense potential for this collaboration to have a high transformational impact.

As a part of the MoU, Tata Power and IIT Madras will aim to pursue advanced research in areas of future technology. The agreement also includes campus recruitment opportunities to postgraduate students of IIT Madras.

Highlighting the unique aspects of this collaboration, Prof. Bhaskar Ramamurthi, Director, IIT Madras, said, “IIT Madras is delighted to partner with Tata Power to pursue research in topics of mutual interest and national importance and provide opportunities for employees  to acquire advanced knowledge in emerging areas.”

Speaking about this partnership, Dr Praveer Sinha, CEO&MD, Tata Power, said, “We are honoured to associate with IIT Madras. Together, we will  collaborate in areas of advanced technology, innovation and knowledge for sustainable changes. We are looking forward to work with some of the most talented and brilliant minds in the country”.

In the last few years, Tata Power has fostered a culture of innovation, creativity and entrepreneurship within the organisation for its employees to Design, Develop and Deliver unique energy products, services and solutions. Till date, Tata Power through its Collaboration, Innovation and R&D division has partnered with more than 100 national and international technology and institutions to develop low cost, scalable solutions in the clean energy space.

A few objectives agreed upon by Tata Power and IITM as a part of the tie-up are Collaborative Research Projects including research-based and consulting projects supported by the Center for Industrial Consultancy and Sponsored Research (IC&SR), IIT Madras.

Tata Power and IIT Madras may enter into modalities governing each of them with regard to research interaction visits and/or sabbaticals if any and through virtual means and /or invite each other to respective research laboratories for detailed discussions. In addition to this, Tata Power employees and IIT faculty can also participate on each other’s committees and Boards.

Tata Power and IIT Madras can also come together to engage in CSR realm. The company can also choose to make grants to support faculty research or to support students on scholarships and fellowships. Tata Power and IIT Madras may also explore to work together with the start-up companies collocated in the IITM Incubation Cell.

IEX Achieves 9477 MU Volume in November Seeing 54% YoY Growth

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The Indian Energy Exchange realized 9477 MU cleared volume in November’21 comprising 6333 MU in the Conventional Power Market, 457 MU in the Green Power Market and 2687 MU in the Certificate Market comprising ESCerts and REC. Overall, the Exchange realized 53.8% YoY growth across all its market segments.

According to the power demand data published by the National Load Dispatch Center, the national peak demand at 166.19 GW saw 3.2 % YoY growth during the month while the energy consumption at 100.4 BU saw 2.1% YoY growth.

The Day-ahead Market achieved 4719 MU volume in November’21 seeing a 3% YoY decline. The average monthly price at Rs. 3.1 per unit saw a significant 62% MoM price reduction mainly due to increased liquidity on the supply-side with the sell-bids at 1.8X of the cleared volume. This ensured ample availability of power and competitive price of power thereby providing optimization opportunities to the distribution utilities.

The Term-ahead Market comprising intra-day, contingency, daily & weekly contracts traded 302.7 MU during the month and recorded 23.4% YoY growth.

The Real-time Electricity Market achieved 1311 MU volume seeing a significant 47% YoY growth. The average monthly price was at Rs 3.48 per unit. The highest single-day volume of 56.16 MU was achieved on 18 November with 554 participants transacting in the market. The real-time electricity market has been seeing consistent growth in volumes since its inception in June’20 as the market has been successfully facilitating the distribution of utilities and industries in real-time demand-supply balancing in the most efficient and flexible manner.

The Green Market at IEX comprising of both the day-ahead and term-ahead contracts achieved a cumulative volume of 457 MU during the month. The Green Day-ahead Market achieved 149.46 MU volume during the month with the weighted average price of Rs 3.72 per unit. The market saw participation from about 93 participants in the first full month of operations since commencement on 26 October’21.

The Green Term-Ahead Market achieved 307 MU volume with a significant 94% YoY growth. The market saw participation from 29 participants including participation from the key distribution utilities from states such as West Bengal, Haryana, Telangana, Karnataka, Delhi and Punjab.

The Exchange achieved a total of 24.4 lacs Renewable Energy Certificates trade in November comprising 21.90 lacs Non-Solar RECs and 2.53 lacs Solar REC. A price of Rs.
2000 for Solar REC, and Rs 1000 per REC for the non-solar RECs was discovered at the Exchange

During November’21, the Exchange accomplished trade in 242,733 ESCerts, registering a trading volume of 242.73 MU.

Sembcorp Industries to Acquire 35% Stake in Chinese Renewables Portfolio

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Sembcorp Industries (Sembcorp) announces that it has, through its wholly-owned subsidiary Sembcorp Energy (Shanghai) Holding Co. Ltd, signed an equity transfer agreement with China state-owned investment holding company, State Development Investment Corporate Group (SDIC)’s Shanghai SDIC Xieli Development Equity Fund Partnership (Xieli Fund), to take over its 35% interest in SDIC New Energy for an equity consideration of approximately RMB 1.5 billion (approximately S$320 million). SDIC New Energy’s portfolio consists of 30 operational wind and solar PV assets with a total gross installed capacity of about 1.9GW located across seven provincial regions in China. SDIC Power, the public-listed power arm of SDIC, is the remaining 65% shareholder of SDIC New Energy.

Wong Kim Yin, Group President & CEO, Sembcorp Industries said: “We are committed to achieving our Group target of 10GW of gross installed renewables capacity by 2025. China is an important part of our brown to green transformation plan. We are pleased to partner SDIC Power, to grow the joint venture together. Along with our recently announced 658MW acquisition, our Group renewables portfolio is expected to reach a gross capacity of 6.1GW.”

Alex Tan, CEO of China, Sembcorp Industries added “Sembcorp is keen to build up our renewables portfolio in China, the world’s largest and fastest-growing renewables market. SDIC Power is a top SOE power company in China, with a strong track record and capabilities in the China power and clean energy industry. We believe we have complementing strengths, and we are committed to work alongside SDIC Power to drive further growth in renewables through this joint venture.”

The consideration for the transaction was determined on a willing-buyer willing-seller basis, considering the operational quality, financials and cashflow generation of the assets via customary valuation techniques. Sembcorp’s investment will be funded through a mix of internal cash resources and external borrowings. Completion of the acquisition is expected in the first half of 2022, and is subject to customary conditions precedent including regulatory approvals and the signing of a joint venture agreement with SDIC Power. The acquisition is expected to be accretive to earnings from the first year of the acquisition. For more information on the SDIC New Energy portfolio, please see the Appendix.

This acquisition is in the ordinary course of business of Sembcorp Industries and is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2021.

– End –

Jitendra Singh: Ocean Can Supply Minerals For Renewable Energy Technologies

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In order to combat the challenges developed due to climate change, the country is in the dire need of developing renewable energy technologies. Union Science and Technology Minister Dr Jitendra Singh stated on Sunday that marine minerals from coastal and ocean resources will be critical to India’s future economy and that metals such as nickel and cobalt play an important role in developing such technologies.

To boost India’s blue economy progress and harness its ocean resources, steps are being taken to enhance the coordination and collaboration of the National Institute of Ocean Technology (NIOT) with the Institute of Mineral and Minerals Technologies (IMMT), Singh said at the inauguration ceremony of a new building facility at CSIR-IMMT in Bhubaneswar.

He also added that CSIR-IMMT has been tackling challenges of globalization by providing advanced and zero waste process know-how and consultancy services for commercial exploitation of natural resources through a public-private partnership (PPP) approach.

According to a Ministry of Science and Technology release, initiatives have been undertaken to develop suitable methods for effective mining of some deep-sea mineral resources and exploitation of gas hydrates deposits.

Singh asserted that India being the frontline nation in marine scientific research is actively engaged in exploring the resourceful ocean bed to meet the country’s future energy and metal demands.

He further added that “The ‘Deep Ocean Mission’ initiated by the Modi government heralds yet another horizon to various resources to enrich the ‘Blue Economy.”

The CSIR-IMMT and the Ministry’s Department of Scientific and Industrial Research (DSIR) collaborated to build the Common Research and Technology Development Hub (CRTDH) to provide technical solutions and mentorship to facilitate start-ups’ development.

Its major goal is to foster and encourage innovation in MSMEs, as well as to provide R&D or knowledge-based support in the areas of innovative materials and chemical processes, according to the announcement.

The minister also inaugurated the country’s first Manned Ocean Mission Samudrayan in Chennai in October this year to conduct deep-ocean research of non-living resources such as polymetallic manganese nodules, gas hydrates, hydro-thermal sulphides, and cobalt crusts.

Solar Fences Guards 4,669 Hectares Of Field Aiding 5,535 Farmers In HP

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The Himachal Pradesh government is making full use of the Mukhya Mantri Khet Sanrakshan Yojana (MMKSY) to protect crops from wild animals. According to authorities, 4,669.20 hectares have been safeguarded under this plan by building solar power fences.

The state government is offering incentives to rural farmers for the installation of solar power fences under the plan. A solar fence conducts a current generated by solar energy, providing a significant but non-fatal shock to an animal that brushes with it, discouraging it from invading a field.

The project has cost around Rs 175.38 crore and has benefited 5,535 farmers, as of now. The initiative was started in 2016-17 to assist farmers in protecting their crops against stray and wild animals such as monkeys.

Individual solar power fences are eligible for an 80% subsidy, while communal solar power fences are nominable for an 85% subsidy. However, the state is extending a 50% subsidy on barbed and chain-link fencing, and 70% on composite fencing.

According to officials, the number of beneficiaries of the plan has increased in recent years. The use of barbed fences in conjunction with solar fencing has proven to be useful in safeguarding the crop.

Because of monkey’s attacking the fields, the state has witnessed several hundred crores rupees of loss. Since 2007, the state has been conducting large surgical sterility of monkeys on the demand of farmer groups to assuage their fury over widespread crop destruction.

Over the years, strict actions are taken against such a persistent problem, as agriculture is vital to the state’s economy, with 90% of the population living in rural regions and 70% directly depending on farming.

Rajendra Kumar of Gaggal near Dharamshala, one of the beneficiaries, said he had 320 metres of solar fence constructed for which he had to pay just Rs. 1.07 lakh out of a sum of Rs. 3.5 lakh due to the Rs. 2.5 lakh subsidy.

Fimer To Power Up BePositive 2021 With New Innovative Solutions

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Global renewable energy equipment manufacturer FIMER is preparing to unveil its “New Era” of solar and e-mobility technologies at BePositive 2021, across all customer segments. 

The past 18 months have seen FIMER cement its position as a leading global renewable energy equipment supplier, with innovative new solutions across four core lines of business – residential, C&I, utility-scale and the e-mobility market.

At BePositive 2021, FIMER will be showcasing its portfolio for the solar market and e-mobility including: 

–    The new residential platform FIMER “Power”, featuring the FIMER PowerUNO and PowerTRIO inverters and PowerX storage system, which combine the latest technological innovations with high-end design features. The Power platform is also entirely engineered for its ease of installation, offering a future-proof and scalable solution for all global installations. The PowerUNO and PowerTRIO inverters offer a wide range of power choices from 2 to 8.5 kW and feature single and three-phase options that are compatible for both the North American and wider global markets. FIMER PowerX offers one of the highest residential storage capacities on the market. Using a high-voltage modular battery format, PowerX provides a flexible option for capacity requirements of all sizes, with a maximum of 48 kWh, with quick and easy installation.

–    The essentials of tertiary applications such as the PVS-100, ideal for 100kWp projects, offers high power density dual-stage topology, which reduces the number of inverters required for a project as the inverter can generate stronger energy production. The new PVS-10/33, for the C&I segment, guarantees maximum integration with the latest PV technologies, including bifacial modules. This is the widest assortment on the market to suit all site configurations and take advantage without the constraint of the new decree of October 8, 2021, raising the threshold to 500kWp for the open-window purchase rate.

–    The PVS 260-350, for the Utility sector, is designed to cater for both decentralized and centralized applications and covers 100 percent of utility applications. FIMER’s new PVS-350 is the most powerful and power dense multi-MPPT string inverter in the solar industry, optimized for decentralized PV system architectures. The PVS-260/PVS-300 is a fully modular solution engineered with a single-MPPT string platform.

–    The FIMER FLEXA range of EV charging stations in both wallbox (AC Wallbox) and on-street terminal (AC Station) versions, is ADVENIR compatible and is designed to accelerate the deployment of electric mobility in France. The FIMER FLEXA AC Station meets different needs: in fact, it represents the best solution to be installed in private parking sites such as in a building or in a company parking lot, or in public use parking lots. The FIMER FLEXA AC Wallbox is a charging device for electric vehicles for private applications and for public or company car parking facilities, which can be easily installed on a wall or on a dedicated FIMER FLEXA Stand. FIMER FLEXA Wallbox is made from 100% recycled materials.

Fabrice Boutard, Country Manager France & Benelux at FIMER, comments: “BePositive 2021 is an opportunity for visitors to see the new era of FIMER in action, and we look forward to welcoming guests to our stand. At a time when, more than ever, the acceleration of the energy transition is necessary, it is essential we can provide our French customers a comprehensive range of solar and e-mobility solutions that are both designed with the latest technologies and enable simple commissioning, while ensuring they are fit for the future. This is FIMER’s primary mission, and our European footprint means we are best placed to help our customers face any challenge”.

FIMER experts will be available to discuss its wide range of innovative solar and electric mobility platforms at booth C2.1C08 at BePositive 2021 (from 14th to 16th December at Lyon-Eurexpo/ France).
 

Automation In Solar O&M Helps Ensuring Plant’s Return On Investment

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Data analytics and digital process support in solar plant operation and maintenance deliver unmatched improvement in efficiency, while modern technology drives down development costs. It also helps service providers in ensuring sustained energy generation, long-term performance, and plant’s return on investment.

The global non-residential solar operations & maintenance (O&M) business is predicted to more than double to US$ 9 billion by 2025 from being a US $4 billion market in 2019, according to global research & analytics firm Wood Mackenzie. Steady growth in the global solar power industry has led to an unprecedented and rising demand for O&M services.

With solar energy playing a noteworthy role in India’s energy transition too, an ever-appealing opportunity transcends the solar O&M industry. India’s solar footprint has matured from 3.7 GW in 2015 to over 40 GW in FY2021. With this, domestic solar O&M has emerged as a separate market with its own landscape and dynamics. As more and more solar plants get stable, an increasing number of O&M contracts are getting re-tendered, presenting a growing opportunity for O&M providers.

Faster technology adoption

Until a few years ago, solar O&M was limited only to module cleaning, plant security, optimal spares management and overall plant upkeep. As large-scale solar assets mature and plant sizes increase, asset owners are realizing the value of a strategic data-driven approach for maintenance. Timely reporting and accuracy of plant performance metrics, and plant availability is a critical requirement of the asset owners. With smart technology becoming a powerful competitive advantage, the solar O&M market is fast changing from being conventional to tech-driven.

New technologies are being implemented to improve asset cycle management, remote sensing (powered by Industrial Internet of Things), cloud computing and aerial techniques for visual imaging. With the solar M&A market booming and with a drop in tariffs, digitization is facilitating sellers to find buyers easily and operate assets more efficiently. It also helps reduce manpower dependency and creates better insights for improved operations. Technology-driven O&M is now a prerequisite to attracting investment into the sector and maximizing the Levelized Cost of Energy (LCOE) for the investor.

Monitoring and data analysis

The need of the hour is continuous performance monitoring, trend analysis, and forecasting, and predictive analytics to ensure maximum plant performance and reduce plant downtime.

Artificial intelligence (AI) and machine learning (ML) have emerged as important tech solutions in the quest for better monitoring and predictive maintenance. These technologies have the potential to analyze big data, optimize the present and forecast future trends.

AI can monitor patterns and trends in data to better predict and potentially optimize future maintenance and performance activities. And with ML, more data can lead to better analysis and greater accuracy. Predictive and prescriptive analytics-based maintenance cuts down costs and reduces the potential for unforeseen failures, whereas automation assists in plant monitoring, efficient robotic cleaning, better data capturing, and advanced analytics, thus resulting in better performance. For example, drone-based remote monitoring and other aerial techniques have reduced inspection time and site visits. And autonomous drone inspections and mobile vans are utilized to evaluate and detect component and cable faults and make rectifications.

Market forces are also causing higher investments in R&D to make the equipment uptime more reliable. This advancement, supported by AI and ML, is leading to higher reliability on equipment life and a decrease in downtime.

Cost-effective performance

Cost composition in a solar O&M project is rapidly changing owing to increased automation and advanced tools. With prices reducing, there is enhanced pressure on process and cost optimization. As developers and asset owners explore newer methods of cost optimization, service providers remain focused on enhancing profitability, streamlining availability and performance, minimizing consumption, and lowering operating costs. Tech-based solutions significantly reduce maintenance costs on module cleaning and associated manpower and help maintain profitability.

With experience comes insight

A holistic approach is needed in operating and maintaining solar projects in order to deliver the highest plant efficiency. There must be dedicated teams to conduct regular plant performance, recommend preventive and corrective maintenance, and optimize plant yield. They must integrate proven state-of-the-art and best-in-class digital tools and tracks to analyze real-time data in order to improve preventive maintenance and plant performance.

Following the above approach, Sterling and Wilson Renewable Energy consistently surpass the performance guaranteed to its customers. Our average availability is 99.7% in most O&M plants – higher than the current norm of 99.5%. Our internationally certified mobile module testing lab facilitates efficient testing of modules at plant sites, while our state-of-the-art network operations center gives instant business insights as a value-added service.

Conclusion

Moving forward, the future appears more exciting as the entire lifecycle of a solar asset gradually converts into a digital blockchain where assets will be sold and purchased on a transparent platform and financial transactions will get streamlined. Digitization will lead to completely automated operations and uberization of manpower in surveillance, module cleaning, and remote monitoring for enhanced plant performance. As the solar O&M story continues to be on a growth path, cutting-edge technologies have the potential to optimize critical components, stay competitive and revolutionise the solar O&M industry.

E.ON to Invest €27 Billion in Energy Transition Until 2026

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Europe’s biggest energy network operator E.ON plans to invest some Euro 27 billion ($30.4 billion) in the energy transition over the five years to 2026, the Germany-based utility said.

E.ON plans to significantly increase the pace of its businesses’ growth and digitalization. With the growth strategy until 2026 presented today at a virtual Capital Markets Day, E.ON promises continual increases in operating earnings as well as the dividend, which is to be larger than previously planned. For the first time, the Group also extended its forecast timeframe from three to five years.

E.ON intends to increase EBITDA in its core business (that is excluding PreussenElektra’s soon-to-be-discontinued nuclear energy operations) by about 4 percent annually to around €7.8 billion in 2026. To lay the foundation for this ambitious growth, E.ON will invest a total of roughly €27 billion through 2026, of which around €22 billion will go toward expanding its energy networks and €5 billion toward accelerating the growth of its customer solutions business. In addition, E.ON intends to increase its dividend by up to 5 percent annually through the 2026 financial year and its earnings per share by 8 to 10 percent annually. For the 2021 financial year, E.ON plans to propose a dividend of 49 cents per share.

E.ON intends to carry out the entire growth program while maintaining its strong rating and an unchanged debt factor. For this purpose, E.ON will further optimize its portfolio, through which it expects to generate proceeds of roughly €2 to €4 billion in the next five years. Portfolio optimization will consist of the divestment of businesses that do not fit with the tripartite strategy of growth, sustainability, and digitalization that E.ON presented today, as well as selective partnerships.

Company to substantially increase its investments in energy networks by roughly €1 billion annually through 2026. This will enlarge the company’s regulated asset base (RAB) by at least 6 percent per year. E.ON’s network companies in Europe operate networks with an aggregate RAB of around €35 billion and are home to about 1 million distributed renewable generating facilities.

The investment offensive will result in network earnings increasing by 3 to 4 percent annually through 2026. Digitalization will play a key role in making network operations even more efficient and also enabling them to manage the growing proportion of renewables feed-in as effectively as possible. Through 2026, E.ON will invest about €2 billion in its network business alone for the purpose of digitalizing network planning, monitoring, and control.

This will make E.ON one of the first energy companies to have full digital control of its network infrastructure at all voltage levels.

EFT & DEC To Build 60 MW Solar Power Plant In Bosnia

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The power trader and operator (EFT) said that it has inked a deal with China’s Dongfang Electric International Corporation (DEC) to build a 60-megawatt (MW) solar project in Bosnia.

Increasing its foothold in the Balkan country, EFT won a tender announced by the independent Serb Republic last year to develop and run the Bileca solar power plant in southwestern  Bosnia for 50 years at a cost of 85 million Bosnian marka (US$49.3 million).

Work is planned to commence in the second quarter, with commercialization beginning in mid-2023, according to EFT. The facility will produce 84 gigawatt hours (GWh) of energy per year, which will be sold on the open market.

EFT is already running a 300 MW Stanari coal-fired power station in the northern town of Doboj, the Western Balkans’ first privately financed power plant, which came live in 2016.

On the Neretva River, the firm is also constructing a 35 MW Ulog hydropower facility. The plant, which would cost 150 million Bosnian marka, is likewise set to open in the second half of 2023.

Unlike other Balkan nations that rely on electricity imports, Bosnia exports power due to its hydro resources.

COPERES and ARE Join Hands to Boost Renewable Electrification in Senegal

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The Business Council of Renewable Energies of Senegal (COPERES) and Alliance for Rural Electrification (ARE) have signed a Memorandum of Understanding (MoU) to facilitate the electrification of rural areas in Senegal. The deal sets out the shared goals of both the organizations to address the existing obstacles which retard the optimal use of the various renewable energies for electrification and the potential for energy efficiency in the country.

According to Power Africa, the West African country has an electricity access rate of 69% with 93% in urban areas and nearly 50% in rural areas. Like other sub-Saharan African countries, Senegal has a great potential for solar as well other renewable energies and relies on these to electrify its population. 

The recently signed partnership will support the efforts of the Senegalese government in the field of electrification. The government is concentrating its efforts in remote areas and relying on renewable energy providers through decentralized solutions for increasing access to electricity in rural areas. This partnership is expected to develop the capacity of renewable energy market players, create local jobs, and obtain more funding for projects and companies in Senegal. 

According to an announcement from COPERES, “This will be done, for example, by organizing ‘decentralized renewable energy investment academies or similar training for international Senegalese developers and other stakeholders, with the aim of attracting additional funding and technical support.”

COPERES and ARE will be working together on joint advocacy for renewable energy policies in Senegal leading to a favorable market environment for renewable sector players and achieving renewable energy targets. Both the organizations intend to provide business development services in order to address the challenges of electrification, energy security, and climate change.

The two partners plan to conduct applied research on renewable energy technologies to stimulate the renewable market. The deal will promote social and economic development by increasing the share of renewable energies in the energy mix in Senegal as well in West Africa.

Senegal has made commendable efforts in recent years to improve the business environment for the renewable energy sector. Last year, the Ministry of Petroleum and Energy of Senegal exempted from value-added tax (VAT) equipment for the production of renewable energy such as solar, wind, and biogas.

Off-Grid Safari Lodges in Namibia Installs Solar-Powered Systems

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SolarSaver Group recently installed battery-solar off-grid systems at two remote camps of the African Monarch Lodges, Nambwa Tented Lodge and Kazile Island Lodge in Namibia. These safari lodges located in the Zambezi region have now become fully solar-powered.

According to Stefan Kleemann of the SolarSaver Group, remote lodges are increasingly tapping into solar power instead of diesel in order to work independently of the grid. SolarSaver is currently completing a number of solar projects in Namibia and South Africa as part of a hire-purchase model that enables businesses such as the lodges to completely switch to solar power or to supplement grid power with no capital outlay. The lodges only have to pay for the greener power electricity generated by the off-grid solar system.

The Nambwa Tented Lodge, located in elephant migration routes in Bwabwata National Park, is now equipped with a 50 kWp installation. The Kazile Island Lodge, which is located on a private island in the park, has installed 25 kWp to cover the entire electricity demand.

These remote lodges are not connected to the national power grid. Previously, the lodges were used to generate electricity on-site using diesel generators, which caused excessive carbon emissions and noise and also were expensive due to the high maintenance and fuel transport costs for these destinations. 

Solar power endows the benefit of saving costs, and offers a peaceful and green solution. The safari lodges have made full use of solar energy in their facilities, a step that is directly in line with their vision of sustainability and preservation of the pristine wilderness around them.

Tinolla Rodgers, the owner of the African Monarch Lodges said, “Our focus is on promoting responsible tourism and we are committed to the long-term preservation of the few remaining untouched wildlife areas in the Zambezi region in Namibia. Solar energy enables us to reduce our impact on the environment and give our guests the best experience. We are now even more “off the grid” than before!”

Namibia’s hot, dry climate and abundant solar potential make it an ideal place to utilize the sun’s energy for off-grid solar installation. These kinds of projects will promote Namibia to be the frontrunner in Africa for this renewable energy source.

Solar An Alternatives to Philippines Energy Mix, Says Gatchalian

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Senator Sherwin Gatchalian is looking at nuclear and solar energy as an alternative or additional energy source for the Philippines.

Gatchalian, head of the Senate Energy Committee, stated that he prefers “in principle” smaller nuclear reactors over larger ones for flexibility and safety.

In accordance with him, small nuclear power plants will be more adaptable and secure to use, as their deployment will be made easy and will come with technology to handle nuclear waste.  

He believes that nuclear energy can play a crucial role in the transition towards clean energy, as it is emission-free, but it comes with the danger of storing its waste and if there is a problem, the cost will be prohibitively expensive.

However, smaller nuclear plants are still undergoing the development phase, he remarked in a radio interview on Monday.

Small nuclear reactors, he claims, can provide electricity ranging from 10 to 150 megawatts.

Gatchalian, on the other hand, believes that resuscitating the Bataan nuclear power station would be too hazardous and expensive. The plant was constructed but never fueled.

He also stated that many are turning to solar energy, with some large corporations erecting solar power facilities.

He brings out that, “Solar deployment is difficult since it is still pretty costly,”.

Gatchalian further stated that he will introduce a bill on energy transition in response to the Department of Energy’s (DOE) decision last year to prohibit new coal power plants in order to hasten the country’s transition to cleaner energy.

According to him, the shift to clean energy will take ten years or more, and it cannot be rushed since they would eventually be left without an energy supply.

The crucial point is that it is a scientific process to determine how the country can safely, reliably, and securely shift from fossil fuel to renewable energy, he added.

He went on to say that while the country’s energy demands are still met by fossil fuels, for the time being, it is critical to accelerate the transition due to the country’s growing population and industry.

Gatchalian was in Dagupan City on Sunday to present the Region 1 Medical Center with 5,000 pieces of personal protective equipment and 50 sacks of slippers.