Recurrent Energy’s Post

GKN Automotive signs virtual power purchase agreement  • GKN Automotive said it had signed a virtual power purchase agreement (VPPA) with global renewable energy developer and subsidiary of Canadian Solar Inc., Recurrent Energy.  • The 10 year agreement would cover 65% of the supplier's European electricity load and 30% of its global load as part of a commitment to using 50% renewable electricity globally by 2025 and 75% by 2030.  • The joint agreement would establish The Rey I project, a new large scale solar farm in Spain which would contribute towards the increased supply of renewable electricity to the Spanish grid.  • The project would facilitate the supply of approximately 200,000 MWh of renewable electricity to the European grid annually, reaching approximately 2m MWh over the 10-year agreement.  • GKN Automotive would receive Energy Attribute Certificates (EACs) equivalent to 65% of its European 2023 electricity usage.  • This development is a key step in the company’s SBTi-approved targets to reduce its direct Greenhouse Gas (GHG) emissions (Scope 1 and 2) by 45% by 2030 and achieve net zero across its entire value chain by 2045.  • GKN Automotive is planning further VPPAs across Europe and South America. #automotive #supplier #europe

🚀 Sumitomo Invests in German Engineering Big news in the world of renewable energy! 📢 Sumitomo Corporation has announced a strategic investment in EEW Offshore Wind, a renowned German manufacturer of monopiles for offshore wind turbines. Sumitomo, highlighting EEW's advanced technology and high-quality welding capabilities, sees this partnership as crucial. EEW, a leading supplier, has long been at the forefront of this industry. This investment is aimed at overcoming bottlenecks in the European offshore wind power sector by ensuring a stable supply of monopiles. This move not only strengthens Sumitomo's position in the renewable energy market but also underscores the growing importance of sustainable energy solutions. Let's discuss: How do you think this investment will impact the European offshore wind industry? Leave your thoughts below! 👇 #RenewableEnergy #WindPower #SustainableFuture

👷♀️📢 Great news for wind turbine manufacturing in Europe. As announced on the first day of #WindEurope2024 our member ZF Group is responding to the current and future market growth for #windenergy in Europe. ZF will install three serial production lines for complete onshore and offshore powertrains and gearboxes. ZF's investment decision will help to maintain European technology leadership for wind energy and is another step in scaling up Europe's wind turbine manufacturing capacities. "The EU’s renewable energy target of 42.5% by 2030 is ambitious but not impossible to achieve. We have to start now and all together,” says Felix Henseler, CEO of ZF Wind Power. ZF has now converted its Belgian plant in Lommel into a serial production hub with three serial production lines for the offshore and onshore wind markets. ZF products can now cover the entire European offshore landscape. A mix of SHIFT gearboxes, offshore and onshore powertrains will leave the plant in Lommel (Belgium) every day. 📸 ZF Group

𝐒𝐦𝐚𝐥𝐥 𝐇𝐲𝐝𝐫𝐨𝐩𝐨𝐰𝐞𝐫 : 𝗧𝗵𝗲 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝟮𝟬𝟮3 𝗨𝗽𝗱𝗮𝘁𝗲𝗱 𝗚𝘂𝗶𝗱𝗲 (𝗣𝗗𝗙) 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐆𝐫𝐚𝐛 𝐏𝐃𝐅 : https://lnkd.in/durp9YAT Growing investments in smart #energysaving” across various end-uses are expected to provide an impetus to the adoption of small #hydropower energy for #electricity generation. In addition, an increase in #greenhouse gas emissions due to growing power consumption has fueled the United Nations Industrial Development Organization ( #unido ) and Federal Energy Regulatory Commission ( #ferc ) to adopt certain renewable energy measures. Policies by the Federal Energy Regulatory Commission in order to encourage renewable sources of #energy , coupled with the need to deliver energy in #rural locations, are expected to foster market growth. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 : ·        ANDRITZ ·        Bharat Heavy Electricals Limited ·        FLOVEL Energy Private Limited ·        GE ·        Gilkes Energy Ltd ·        Natel Energy ·        Siemens Energy ·        SNC Lavalin Inc / Washington Group International JV ·        Toshiba ·        Voith Group& Co. KGaA

What manufacturing sector expects from budget... A detailed list... #Budget2024 #IndiaBudget #countdownbudget2024 #ManufacturingSector #NangiaAndersen #TeamNangiaAndersen #AndersenIndia

Arkansas solar plant to provide power for 3 GM car plants ☀️🚗 TL;DR: General Motors has inked a substantial 15-year deal for renewable energy, sourcing power from a new solar plant in Newport, Arkansas to support three of its assembly facilities, underscoring its commitment to sustainability. Highlights • GM's commitment to renewable energy through a 15-year agreement • 180 megawatt capacity solar plant by NorthStar Clean Energy in Arkansas • Facility began operations in October 2023, with an opening celebration in August 2024 • Power will support Wentzville plant in Missouri and two in Michigan • Significant step towards reducing carbon footprint in manufacturing #SolarEnergy #GeneralMotors #SustainableManufacturing #RenewableEnergy #GreenFuture #CleanPower Article Source https://lnkd.in/gC4PAP6T

To meet the UK’s ambitious target of net zero emissions by 2050, renewable energy is pivotal and wind power is taking centre stage. Figures on renewable energy contributions to the UK’s total electricity generation, reported by the National Grid, show that whilst certainly moving in the right direction, we must do more to reach the 2050 target! In our recent blog, Steve Boyle, Regional Sales Engineer MRO at Schaeffler UK, discusses how important the Maintenance, Repair and Operations (MRO) business is in creating genuine green energy for the renewable industry, helping the UK meet its targets ♻ Click here to discover the importance of renewable energies for a climate-resilient future🌎✨, and how Schaeffler are actively ensuring wind energy is not just renewable, but green too: https://bit.ly/48U6Rlp #Wepioneermotion #WeAreSchaeffler #RenewableEnergy #Sustainability #SchaefflerUKBlog #GreenMakesTheDifference

GM secures largest renewable energy deal to power three U.S. assembly plants 🌱⚡ TL;DR: General Motors (GM) has finalized a landmark 15-year renewable energy deal with NorthStar Clean Energy to power three U.S. assembly plants, enhancing its commitment to achieving carbon neutrality by 2040 and relying solely on renewable energy by 2025. Highlights • Largest renewable energy deal in GM's history, powering plants in Michigan and Missouri • Energy sourced from the Newport Solar project in Arkansas with 180 MW capacity • Supports GM’s sustainability goals and impacts the electricity supply for approximately 30,000 homes annually • GM strengthens its position as the automotive industry's top renewable energy buyer with 17 projects across 11 states #RenewableEnergy #Sustainability #GeneralMotors #CleanEnergy #GreenManufacturing #ClimateAction Article Source https://lnkd.in/g8HQXUqv

ZF Group is responding to current & future growth in the wind market by installing three serial production lines for complete onshore & offshore powertrains & SHIFT gearboxes. Click below to read more. Follow our page Industry EMEA to read interesting industrial news. #zfgroup #wind #energy #powertrain #gearboxes #onshore #offshore #windenergy #energyconservation #greenenergy #greenpower #engineering #technology #industrynews #industrialarticle #article #industrial #industry #news #industryEMEA #emea

With a goal to reduce Scope 3 (upstream and downstream) emissions by 15% by 2030, Bosch sees hydrogen not just as a key to meeting global energy demand in a resource-efficient way, but as a storage medium in facilitating the efficient use of energy generated from renewables.