Renewables
ENGIE announces a new capital allocation strategy
ENGIE has announced a new capital allocation strategy and will accelerate investments in renewable energy and infrastructure projects.
Renewables
Iberdrola to build landmark on-site solar PV system
Iberdrola has signed a 25-year power purchase agreement with SABIC for the development of a 100MW renewable energy project.
Asia
Asia reassesses energy transition strategies
Asia has reassessed its energy transition strategies by accelerating utility digital transformation, according to Black & Veatch.
Emissions & Environment
UK’s National Grid 2050 scenarios – net zero ‘requires immediate action’
The UK’s power network operator National Grid ESO has published its latest annual energy system forecast to 2050, the country’s target year for complete decarbonisation. Three of the four projected scenarios see the country meet the target, but with several urgent actions required.
Renewables
ARENA funds establishment of Industry Energy Transitions Initiative
The Australian Renewable Energy Agency has provided $300,000 in funding towards an industry-led initiative to develop a pathway to reduce emissions.
On Site Renewables
ENGIE and EIB partner on off-grid solar scheme in Uganda
Millions of people in rural Uganda are set to access reliable and cheap electricity for the first time under a new off-grid solar scheme.
Decentralized Energy
Distributed fossil fuels dominate in microgrids installed in the US
Distributed fossil fuel generation accounted for 86% of installed microgrid capacity in the US in 2019, according to a new report issued by Wood Mackenzie.
Decentralized Energy
Annual spending on DER management to hit $5.9bn by 2029
The global market for distributed energy resources management technology is expected to grow by 24.3% per annum between 2020 and 2029.
Decentralized Energy
Siemens and BECIS to drive distributed energy in Asia Pacific
Siemens has entered investment and framework agreements with Berkeley Energy Commercial Industrial Solutions to provide customers distributed energy solutions via a flexible ‘Energy-as-a-Service’ model
Decentralized Energy
Cummins gas-fired generator selected for Aussie gold mine microgrid
Cummins has installed one of its lean-burn gas generators for a microgrid project at an Australian gold mine.
