Renewables Now Ltd

UK renewable energy company Low Carbon announced today the sale of a 6-GW battery energy storage (#BESS) portfolio to S4 Energy, a Dutch grid-scale energy storage developer and operator majority-owned by global merchant firm Castleton Commodities International (CCI). Read more: https://lnkd.in/dH-vRFDh

Spain-based Grenergy Renovables will deploy the technology of China’s Contemporary Amperex Technology Co., Limited, or CATL, in the 1.25-GWh fourth phase of its Oasis de Atacama solar and storage project in #Chile. Read more: https://lnkd.in/dHZAayPp

The lack of a committed supply chain for a 100% US-made battery energy storage system (#BESS), along with the significantly higher cost of manufacturing in the US, would far outweigh the benefits that come from local incentives, according to grid-scale BESS provider American Energy Storage Innovations, Inc. (AESI), which plans to open a factory in Malaysia. AESI's vice president of operations, Rick Cwiakala, disclosed more details about the future plant, its targeted markets and the growth opportunities faced by the company in its regular operations in an interview with Renewables Now 👉 https://lnkd.in/dZ8rfpVq

A joint venture of TotalEnergies and Eren Groupe S.A., together with Copenhagen Infrastructure Partners (CIP) and a unit of investment firm A.P. Moller Holding are partnering to build a 1-GW green energy complex in Morocco that will integrate onshore wind and solar for hydrogen-to-ammonia production. Read more about the project, called Chbika >> https://lnkd.in/dUaTrvZz

Petroleum companies QatarEnergy and TotalEnergies SE (EPA:TTE) have signed an agreement to develop a #solar complex of up to 1.25 GWp in #Iraq. The development is part of the Gas Growth Integrated Project (GGIP), which TotalEnergies has been promoting since 2021. QatarEnergy said on Monday that it will acquire a 50% interest in the solar project, pending regulatory approval. Its French peer will retain the remaining 50%. The facility, set to be located in the Basra region of Iraq, will feature 2 million high-efficiency bifacial solar panels mounted on single-axis trackers. The partners will develop the project in phases, aiming to commission them between 2025 and 2027, QatarEnergy said. Once powered up, the solar complex will have the capacity to supply around 350,000 homes in the Basra region. “I am pleased to have concluded our entry into this very important project for Iraq’s energy sector, and look forward to working with our strategic partner, TotalEnergies, to progress it to fruition. We thank the Iraqi government for their trust, and TotalEnergies for this opportunity to support Iraq’s solar power development,” said Saad Sherida al-Kaabi, CEO of QatarEnergy and Qatar’s energy minister. QatarEnergy holds a 25% stake a consortium leading the development of the GGIP, a Basra-based natural resources and flared gas recovery project with a solar power component in the mix. TotalEnergies owns 45% of the GGIP consortium, with Iraq’s Basra Oil Company, holding the remaining 30%.

Belgian electricity transmission operator Elia Group will receive EUR 650 million (USD 702m) in debt financing for the first phase of the Princess Elisabeth Island project off the coast of Belgium. Read more: https://lnkd.in/d_tNTcdi

Subsidies for operation of #renewableenergy plants in #Germany could reach EUR 18.2 billion (USD 19.7bn) in 2025 and grow further to nearly EUR 23 billion by 2029, according to a mid-term forecast prepared by the Institute of Energy Economics at the University of Cologne. Read more: https://lnkd.in/dakGmjsa

The Town of Ocean City, Maryland, has decided to launch legal proceedings against the Bureau of Ocean Energy Management’s (BOEM’s) recent approval of US Wind, Inc’s proposal to build an over 2-GW wind farm in waters off the Mid-Atlantic state. Read more: https://lnkd.in/dSbJkyJK #Maryland #USA #offshorewind

Renewables Now are proud to partner with World Hydrogen Leaders for World Hydrogen Latin America 2024, taking place on December 2-4 in Santiago, Chile! Featuring insights from over 100 expert speakers from across the continent, World Hydrogen Latin America will dive into the key challenges and emerging opportunities driving the hydrogen economies of Latin America. Across three dynamic days, 400+ hydrogen professionals will engage in thought-provoking discussions and collaborative knowledge-sharing sessions. Download the brochure to explore the full agenda, exhibition floorplan, speaker lineup and more: https://lnkd.in/ddqH4Xtt Register here: https://lnkd.in/dp4yfcyh #WHLATAM #WHL #WorldHydrogenLatin America #hydrogen #cleanhydrogen #greenhydrogen #cleanenergy #cleanenergytransition #renewableenergy #hydrogenderivatives #hydrogeneconomy #hydrogenprojects #sustainability #energytransition #netzero #hydrogenhubs

Two ocean energy projects in France, set to deliver about 29 MW of capacity, have been awarded EUR 51 million (USD 55.1m) as part of the latest EU Innovation Fund call, Ocean Energy Europe said on Thursday. These projects, selected under the call's pilot topic, are both located in Normandy’s Raz Blanchard. HYDROQUEST, in collaboration with Qair Group, will receive funding for its 17.5-MW FloWatt tidal farm, which will install seven 2.5-MW tidal turbines and is scheduled to go live in 2026. This project also received significant support from the French government. The second project, Normandie Hydroliennes’ 12-MW NH1 tidal farm, will feature four 3-MW turbines and is set for completion in 2028. Ocean Energy Europe said this additional 29 MW takes the existing pipeline of publicly supported European ocean energy projects in the next five years to 179 MW across 15 initiatives. The announcement underscores the importance of funding support in unlocking commercial-scale projects and accelerating the industrialisation of ocean energy, it added. “These two awards are another proof that tidal has reached technological maturity and is on its way to commercialisation. These two farms will be the largest in the world by the time they hit the water. This is further evidence that the French Government demonstrated great foresight by supporting tidal energy – and that tidal can become the next French industrial success story,” said Ocean Energy Europe CEO Remi Gruet.