Energy Update
Contributed by Nathan Fabrick
Two years after a devastating blackout struck the United Kingdom, Europe’s largest energy storage project – the 100MW/100 MWh Minety plant – has been successfully grid-connected.
The plant is designed for maximizing renewable energy assets and providing grid stability using Sungrow’s 1500V energy storage system solutions. Sungrow provided NCM and LFP battery energy storage systems, which the company says minimized the plant footprint and reduced system cost by 5%.
Danish wind energy giant Ørsted announced the completion of its largest onshore wind project to date – the Western Trail Wind Farm, a 130-turbine, 367-megawatt project in North Texas.
The company also secured long-term power purchase agreements with PepsiCo, Hormel Foods, and Nucor for much of the power generated from the project.
Op-ed submitted by Jared Green 33% of all electricity generation worldwide is from renewable sources. Over the past decade, $3 trillion has been invested in clean power worldwide. In 2018, about two-thirds of new energy capacity installed was renewable.
Maryland-based offshore developer US Wind announced plans this week to expand its 22-turbine MarWin project to include up to 82 turbines under the new Momentum Wind project for up to 1,200 MW additional offshore wind energy.
Contributed by Alexander James
Capable of recording key wind characteristics such as speed and direction up to and above 200 meters vertical height, her special skills meant #106 was always destined to be a traveler and it wasn’t long before she spread her wings. Within a few weeks, she had traded her first home for a far sunnier climate and was on her way to Athens and her new name.
More money was invested in renewable energy in the first six months of 2021 than the first half of any other year, according to tracking by BloombergNEF.
Contributed by Scott Baxter
It’s no secret that the renewable energy equipment industry is a sector that is forecasted to grow, with new innovative energy technologies entering the market every day.
NY Green Bank – a division of the New York State Energy Research and Development Authority (NYSERDA) – announced this week a $314 million transaction in its first private capital raise to support clean energy project financing.
The transaction with Bank of America is the largest ever conducted by a green bank in the United States, according to a press release from NYSERDA, and allows the bank to meet financing demand without requiring additional public funds.
The Biden administration and leaders in the U.S. Congress unveiled details of the 2,700-page, bipartisan infrastructure package on Sunday that includes $550 billion in new spending. The deal is expected to move quickly – and is likely to change in many ways – before receiving final approval later this week.
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