BusinessHub Consultants’ Post

Exciting updates from AES Chile! 🌞🔋 They're making bold strides in energy storage, growing our capacity to revolutionize how we deliver renewable energy to our customers. In addition to the 362 MW of Battery Storage Systems in operation today at our plants in the Antofagasta and Metropolitan regions of Chile, we are enthusiastic to be adding 892 MW by the end of 2027, with 89 MW coming online this year and an additional 171 MW in 2025. AES Chile CEO, Javier Dib, emphasized, “We were pioneers in energy storage systems in the country and today we have the largest portfolio in Latin America. We have always believed that batteries would play a fundamental role in the power system, and today they allow us to advance in the development and integration of renewable energy to increase the system's flexibility and stability." The future looks promising, after investing US$1.7 billion and adding 1.4 GW in wind, solar, and battery capacity over the past five years, we have another US$1.9 billion and 1.8GW coming online over the next few years in Chile. By 2027 we will proudly operate at least 1.3GW in battery storage systems in Chile, leading the charge towards a sustainable future, energizing customers, and fortifying the National Electric System. Stay tuned as AES powers the pathway to a greener tomorrow! 🌱💡 #RenewableEnergy #Sustainability #Innovation #EnergyStorage #AESChile #GreenTech #CleanEnergyFuture

A recent McKinsey & Company report highlights the exceptional renewable energy investment opportunities in Spain and Portugal, with Spain offering particularly compelling prospects. Thanks to its abundant #solar and #wind resources, Spain has emerged as a leading market for solar and wind energy investments, showcasing some of the lowest production costs in Europe. This competitive advantage is further strengthened by Spain’s mature industrial base and its strategic commitment to expanding its renewable energy capacity. Both Spain and Portugal are dedicated to achieving ambitious climate goals, creating a favorable environment for growth in green industries. With plans to significantly increase their wind and solar energy capacity by 2030, Spain stands out as a prime location for investors looking to capitalize on the European energy transition. Furthermore, these nations are strategically positioned to support the continent’s shift towards clean energy and to develop new, scalable industries around these efforts. Investing in Spain and Portugal means joining a dynamic and forward-looking market with the potential for substantial returns. For more information about investing in Spanish renewables, visit the Alter5 website: alter-5.com Source: https://lnkd.in/dtk2dr6Q #RePowerEU #RenewableEnergy #EnergyInvestment

🆕 Spain is in fourth place in terms of having the highest growth potential for renewable energy in the next five years, behind the United States, China and Germany. 📚 This is reflected in the fourth edition of the Global Trends Report 2024, prepared by the Spanish company RatedPower, which specialises in this industry and has been part of the US company Enverus since 2022. The #renewableenergy industry received a double boost in 2023 📊 . On the one hand, the European Union's new energy directive raised its target for renewable energy consumption from 32% to 42.5% by 2030. ▶ On the other hand, the United States maintained #investment growth stemming from the Inflation Reduction Act of 2022, amounting to 270 billion dollars over 18 months. 🔺 This interesting RatedPower report highlights that solar energy thrived with respect to other renewable sources. And according to information from BloombergNEF, 413 gigawatts of solar modules were installed 🌐 worldwide in 2023, 58% more than the previous year, which was 42% higher than in 2021. 💹 In terms of the outlook for the next five years, the survey from which the data for the report is drawn indicates that over 90% of the participants showed high confidence in the future of the renewable energy market, with a rating of four or five out of five. 📍 The United States was cited as the leader with 45.2%, followed by China (33.3%), Germany (25%) and 🔝 Spain (22.6%). Besides, #solarenergy 🌞 will continue to be the renewable source with the highest growth potential, with 40.5% of the votes. Close behind with 31% is storage (massive battery energy storage systems), followed by green hydrogen (15.5%), grid infrastructure (6%) and wind energy (3.6%). 🍃 📌 There is no doubt that #Spain is at the forefront of renewable energy initiatives. 👩💻 What are the best investment options? ⭕ Find out here: https://lnkd.in/eE5r3Rea #investinSpain #renewableenergies #FDI #windenergy #solarenergy #greenhydrogen

Key Takeaways from GreenPowerMonitor’s participation in Energy year Coloumbia and Solar & Storage Live Philippines 2024. 👉Philippines #renewableenergy goals: Under the Renewable Energy Act of 2008, the Philippines aims to achieve a potential capacity of 32.3 GW for solar and 91.7 GW for wind. As of Q1 2024, installed capacity stands at 1.44 GW. The market shows a growing interest in #predictiveanalytics to optimize budgets and enhance maintenance efficiency. However, the sector faces challenges such as limited experience in large-scale solar and the need for more advanced monitoring tools from local vendors. 👉Colombia's renewable energy landscape: Colombia is actively expanding its renewable energy sector, focusing on harnessing solar and wind potential. The government has set ambitious targets and is implementing policies to attract investment and innovation in clean energy. The market presents opportunities for advanced technologies that can support the efficient integration and management of renewable assets. Both regions are on a promising path towards significant renewable energy adoption. However, there is a clear need for advanced solutions and expertise to overcome existing barriers. #GreenPowerMonitor is committed to providing cutting-edge solutions with advanced real-time data analytics capabilities for monitoring and control of utility-scale renewable plants. Our commitment is to help these markets overcome challenges and seize opportunities for a sustainable future. Visit our website to learn more 👉 https://dnv.social/5n6 #solarstorageliveph #EnergyyearColombia Teresia Surya, MSc. MIEAust Jonghwa Park Laura Casla Zarraga Isaque Monteiro Josep Berengueras Chiara Secco

Iloilo Province, Philippines, Attracts Significant Renewable Energy Investments In a strategic move to boost renewable energy initiatives, the Province of Iloilo is set to become the focal point for major investments in the sector. This initiative aligns with the Government Energy Management Plan (GEMP) and is further supported by a Provincial Ordinance advocating for Renewable Energy. The province has garnered serious interest from at least three prominent entities with firm proposals to establish solar farms within its boundaries. Notable among these proposals is the 35-megawatt solar farm by Palm Concepcion Power Corp’s Solaris Company, earmarked for development in Ajuy. A pivotal meeting was convened today, bringing together the […] Read the full story here: https://lnkd.in/dJWktZfE #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #iloilo #philippine #renewableenergy #solarenergy #southeastasia

Capital Energy and VERBUND Green Power Iberia have solidified a strategic alliance to spearhead the development of pumped storage hydro plants in Spain. The partnership will assess the feasibility of constructing two plants in Spain, totaling approximately 830MW in capacity. According to the terms outlined in the agreement, Capital Energy will spearhead the promotion of these plants within the joint venture, while Verbund will take the lead in their construction, operation, and provision of essential technical support throughout the developmental stages. This marks the second deal inked by Verbund and Capital Energy in Spain aimed at advancing clean energy initiatives. In 2022, the two firms finalized a sale and purchase deal encompassing five wind and solar projects, collectively generating 171MW, situated across three autonomous communities: Andalusia, Asturias, and Extremadura. Read more: https://lnkd.in/egNw4kPi #hydropower #hydroelectric #pumpedstorage

"Africa’s renewable energy potential is undeniable, but it remains largely untapped. The problem is that the financing landscape for renewable energy and other projects in Africa was previously reliant on state utilities as buyers." In this o-ed, Ana Hajduka Shields, the founder and CEO of Africa GreenCo, talks about opportunities to grow new renewable energy supply and new renewable energy markets on the continent. According to her, the market is opening up to allow alternative buyers of new renewable energy, which can utilize existing regional competitive energy markets to diversify its risks Read more in this article: https://lnkd.in/dJW-K67H

Bloomberg and Ørsted Enter 15-Year Agreement for Renewable Energy Purchase Power Today, Ørsted, a prominent U.S. clean energy developer, has announced the signing of an 80MW power purchase agreement (PPA) with Bloomberg. This agreement pertains to the renewable energy generated by the Mockingbird Solar Center, a substantial 471MW project currently in construction near Paris, Texas. Marking Ørsted’s largest solar endeavor in the U.S., this project is noteworthy for incorporating conservation efforts to protect native tallgrass prairie—a first for the company. Bloomberg is among the four corporate customers, including Covestro and Royal DSM, procuring power from the Mockingbird Solar Center. This PPA signifies full contractual commitment for the entire 471MW capacity of […] Read the full story here: https://lnkd.in/ddjWDb2q #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #bloomberg #orsted #ppa #renewableenergy #u.s. #usa

For the second year in a row, SUNTERRA is Bulgaria's top solar energy generator. Together with the new acquisition in its portfolio - the Karlovo FPP, the company now produces 540 MW, according to the latest ranking of the Capital weekly. The two large-scale power plants "Galabovo" (201 MW) and „Kaloyanovo“ (209 MW) are also operating at full capacity and have an impressive total capacity of 410 MW. SUNTERRA's three power plants provide clean energy for over 200,000 households, saving nearly 800,000 tonnes of carbon emissions annually. This demonstrates the company's leadership in renewable energy and makes SUNTERRA an undisputed factor and driving force in Bulgaria's green transition. Remarkably, the industry leadership position was achieved in less than 3 years - a focused and active effort under the motto "Green Energy for a Sustainable Future". The realization of this investment has put SUNTERRA in a leading position in Bulgaria and among the largest projects in Europe. SUNTERRA's ambitions do not stop there. The company's strategic plans for future investments include developing electricity storage facilities, wind energy, and green hydrogen production. #sunterra #renewableenergy #cleanenergy #solarenergy #sustainable #electricitystorage #windenergy https://lnkd.in/dqw-5_W5

#DidYouKnow The Philippine Energy Transition Plan (PETP) constitutes an important component of the Philippine Energy Plan 2023 to 2050. This strategic blueprint outlines precise strategies and operational approaches designed to facilitate the decarbonization of the Philippines' energy system, aligning with the objectives for transitioning to renewable energy sources. Following the government's commitment to transitioning towards more sustainable energy sources, the upcoming floating solar project in Laguna Lake is anticipated to make a significant contribution towards achieving the country's renewable energy targets. This solar on-water project is designed with a substantial capacity of 1.3 GW and is projected to power approximately 82,500 homes. This clean energy initiative is also expected to offset an estimated 1.4 million tons of carbon dioxide emissions annually. #SunAsia #RenewableEnergy #SolarOnWater #CleanEnergy