GreentechLead http://www.greentechlead.com News on solar, wind, power, smart grid, renewable energy Fri, 25 May 2018 07:59:38 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.6 Risen Energy signs financing letter for 63MW solar project in Kazakhstan http://www.greentechlead.com/solar/risen-energy-signs-financing-letter-for-63mw-solar-project-in-kazakhstan-34257 http://www.greentechlead.com/solar/risen-energy-signs-financing-letter-for-63mw-solar-project-in-kazakhstan-34257#respond Fri, 25 May 2018 07:09:27 +0000 http://www.greentechlead.com/?p=34257 Risen Energy, a solar panel manufacturer from China, has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing the construction of a 63MW solar project in Kazakhstan. Risen Energy will start the construction of the 63MW solar project in September. The target is to complete the solar project in June 2019. […]

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Risen Energy, a solar panel manufacturer from China, has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing the construction of a 63MW solar project in Kazakhstan.

Risen Energy will start the construction of the 63MW solar project in September. The target is to complete the solar project in June 2019. The average annual power capacity is projected to reach 108,719 MWh.

Earlier this year, EBRD and Risen Energy signed another mandate letter for financing of Risen Energy’s 40MW solar project, also in Kazakhstan.

Cooperation with EBRD will support Risen Energy in entering Kazakh solar market and becoming the first Chinese PV firm to build solar power stations in the country, said Zhang Jieling, director of project finance and investment at Risen Energy.

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Siemens and GE power unit fights for growth as wind, solar gain http://www.greentechlead.com/power/siemens-and-ge-power-unit-fights-for-growth-as-wind-solar-gain-34253 http://www.greentechlead.com/power/siemens-and-ge-power-unit-fights-for-growth-as-wind-solar-gain-34253#respond Thu, 24 May 2018 13:56:17 +0000 http://www.greentechlead.com/?p=34253 The multi-billion power unit of General Electric (GE) is fighting for growth as wind and solar industries are gaining in popularity. Vistra Energy and Dominion Energy, which serve about 5.5 million electricity customers in more than a dozen U.S. states, say they are done building combined-cycle natural gas-fired power plants, Reuters journalist Alwyn Scott reported. […]

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The multi-billion power unit of General Electric (GE) is fighting for growth as wind and solar industries are gaining in popularity.

Vistra Energy and Dominion Energy, which serve about 5.5 million electricity customers in more than a dozen U.S. states, say they are done building combined-cycle natural gas-fired power plants, Reuters journalist Alwyn Scott reported.

Vistra Energy and Dominion Energy are building large solar plants, which offer plentiful and inexpensive electricity.

Growing acceptance by utilities for renewable power sources is posing big challenge to John Flannery’s plan to turn around General Electric’s $35 billion power unit.

GE said Power profits will be flat this year after falling 53 percent in 2017. GE is planning that demand for heavy-duty natural gas power plants will be less than half what it forecast just over a year ago, and will stay at that level through 2020.

New plant sales are “going to be tough,” John Flannery said at an investor conference on Wednesday.

Russell Stokes, the head of GE Power, has said demand for electricity and natural gas power generators will grow about 2 percent a year – in line with global forecasts – as utilities make a gradual transition to renewable power.

GE is cutting 12,000 jobs and $2.5 billion in costs at the unit. GE has tripled some sales incentives in the power division and is competing aggressively for new contracts to maintain plants and to get the call when utilities need parts or repairs during an unexpected outage, something of which GE had lost sight.

The competition from solar and wind, along with abundant low-priced gas produced by fracking, is curbing orders for new plants and forcing the closure of old ones. Some utilities are even filing for bankruptcy.

Last year, GE booked 26 orders for its newest gas turbines in Mexico, Bangladesh and elsewhere. It is investing in its separate, $10 billion-a-year renewables unit focused on wind and hydro, which saw revenue fall 6 percent last year.

GE also sells battery storage, software and smart-grid technology to work with wind and solar systems.

GE power equipment orders – an indicator of future sales – fell 41 percent in the first quarter, accelerating from 17 percent drop last year.

GE’s performance reflects the broader trend of utilities shifting to renewables from fossil fuels.

Coal and gas-fired plants accounted for just 38 percent of new electricity capacity financed globally last year, down from 71 percent a decade ago, according to Thomson Reuters data. Solar and wind now draw 53 percent of such investment, up from 22 percent, a Reuters analysis shows.

Rivals Siemens and Mitsubishi Heavy Industries are cautious about the scope for growth.

“We see a structural change,” Lisa Davis, the chief executive officer of Siemens Corp, the U.S. unit, said. “There are fewer large units being sold globally than there were five years ago. I don’t see that changing dramatically going forward.”

Siemens is cutting 6,100 power and gas jobs to adjust.

GE faces a further challenge: long-term erosion of the large base of plants it services. After acquiring the Alstom power business in 2015, GE has a base of customers that produces one-third of the world’s electricity. Long-term contracts to service those plants bring GE billions of dollars in annual revenue.

But as utilities close older coal and gas-fired plants, the revenue growth from services is under pressure.

Wind and solar can cost as little as $18 a megawatt hour, compared with $40 for a large gas plant, said Mikael Backman, North America regional director at Wartsila Energy Solutions, part of the Finnish company that makes quick-start natural gas-fired generators.

Across much of the United States, some utilities now buy all the cheap renewable power they can on electricity markets and use quick-start gas engines to fill in when wind and sun falter.

In California, regulators have put on hold a project that planned to buy one of GE’s large natural-gas turbines while Southern California Edison, which planned to buy the power, studies using wind and solar instead.

In oil-rich Texas, wind and solar now provide 21 percent of the state’s electricity. Utilities there are shutting down the equivalent of about 20 average-sized coal plants this year, according a Reuters analysis of data from power system operator ERCOT. Out of 183 power-generation projects on the drawing boards, only four would run on fossil fuels, ERCOT said. The rest are wind and solar.

ExGen Texas Power, an affiliate of Exelon, filed for bankruptcy protection in November for five natural-gas plants, the second such bankruptcy in Texas last year attributed to low power prices. GE supplied parts and service to several of the plants, according to the bankruptcy filings.

Virginia, Dominion Energy ended several maintenance contracts it had with GE this year when it mothballed a large gas-fired plant built by companies GE later acquired and idled seven other coal and natural gas units in the state.

Dominion Energy aims to build 4,720 megawatts of solar by 2033, the equivalent of about five large combined-cycle power plants.

It is opening a new combined-cycle natural-gas plant in Virginia this year, built with GE and Mitsubishi equipment. It said it has no current plans to build more such plants.

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Risen Energy plans solar expansion in Australia http://www.greentechlead.com/solar/risen-energy-plans-solar-expansion-in-australia-34251 http://www.greentechlead.com/solar/risen-energy-plans-solar-expansion-in-australia-34251#respond Thu, 24 May 2018 09:11:36 +0000 http://www.greentechlead.com/?p=34251 Risen Energy, a Chinese PV module producer, has started the construction of the 121MW Yarranlea solar farm located 50km southwest of Toowoomba, Queensland state in Australia. The Yarranlea project, which covers an area of some 250 hectares, features an installed capacity of 121MW. Risen Energy will own and operate the solar facility. This is in addition […]

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Risen Energy, a Chinese PV module producer, has started the construction of the 121MW Yarranlea solar farm located 50km southwest of Toowoomba, Queensland state in Australia.

The Yarranlea project, which covers an area of some 250 hectares, features an installed capacity of 121MW.

Risen Energy will own and operate the solar facility. This is in addition to the engineering, procurement and construction (EPC), delivery of modules and the follow-up adjustment and calibration upon completion of the solar project.

Risen Energy will complete the construction in March next year. The solar power plant will be connected to the grid under the management of the National Electricity Market and provide clean electricity to Toowoomba and Darling Downs, with an average annual power capacity projected to reach 264GWh.

Risen Energy Australia project development and investment director John Zhong, said the Yarranlea project is its first large-scale EPC project in the country. The project has received regulatory approval for the development of integrated energy storage.

Risen Energy said it is targeting other main states such as Victoria, New South Wales and Western Australia in addition to Queensland. The company plans to expand in Australia over the next five years, with a capacity goal of 1GW.

 

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Sterlite Power plans $4 bn investment in energy projects in Brazil http://www.greentechlead.com/power/sterlite-power-plans-4-billion-investment-in-energy-projects-in-brazil-34249 http://www.greentechlead.com/power/sterlite-power-plans-4-billion-investment-in-energy-projects-in-brazil-34249#respond Tue, 22 May 2018 16:19:28 +0000 http://www.greentechlead.com/?p=34249 Sterlite Power, which won orders to build power transmission lines in Brazil last year, is planning an investment of $4 billion in energy projects in Brazil by 2022. Sterlite Power’s strategy is to grow in Brazil and establish its headquarters in Sao Paulo as a base for future expansion. “We have committed to $1 billion in projects, and we are open to expanding this three […]

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Sterlite Power, which won orders to build power transmission lines in Brazil last year, is planning an investment of $4 billion in energy projects in Brazil by 2022.

Sterlite Power’s strategy is to grow in Brazil and establish its headquarters in Sao Paulo as a base for future expansion.

“We have committed to $1 billion in projects, and we are open to expanding this three or four times over the next three or four years,” Sterlite Group CEO Pratik Agarwal.

Sterlite Power has structured a local team and is looking for an experienced executive to take command of Brazilian operations and lead an expansion. “Sao Paulo will be our headquarters in Latin America to look beyond Brazil,” Agarwal said.

Sterlite Power will be targeting Argentina, Chile, Mexico and Peru as potential countries for expansion in 1-3 years.

Sterlite Power caught the attention of the Brazilian energy industry in its first bid in April last year to take out a broadcast concession with a discount of 58.9 percent over the government’s maximum allowable revenue for the project.

The company has already secured funding and all environmental licenses for one of its three projects and there is great confidence in being able to deliver them in advance.

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Itron signs new contract with Jamaica Public Service Company http://www.greentechlead.com/smart-grid/itron-signs-new-contract-with-jamaica-public-service-company-34247 http://www.greentechlead.com/smart-grid/itron-signs-new-contract-with-jamaica-public-service-company-34247#respond Tue, 22 May 2018 16:06:49 +0000 http://www.greentechlead.com/?p=34247 Itron announced today that it signed a contract with Jamaica Public Service Company (JPS) for a nationwide smart grid deployment. JPS, which serves more than 600,000 customers, will extend its existing Itron Gen 5 network to be able to support up to 670,000 electric meters, which will help the utility improve customer service, drive grid […]

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Itron announced today that it signed a contract with Jamaica Public Service Company (JPS) for a nationwide smart grid deployment.

JPS, which serves more than 600,000 customers, will extend its existing Itron Gen 5 network to be able to support up to 670,000 electric meters, which will help the utility improve customer service, drive grid reliability and enable revenue realization.

This project will build on JPS’ previous deployments with Itron on the island, which included 51,000 electric meters on Itron’s smart grid network deployed in 2016 and 2017, and the rollout of 35,000 smart streetlights in 2017.

The deployment will be able to support 670,000 electric meters will extend the utility’s accurate meter reading, revenue protection and enhance post-storm restorations. The Jamaican utility will manage the system through Itron’s cloud-based SaaS solution.

“We are thrilled to continue working with JPS to integrate a real-time smart grid solution that will enable JPS to empower customers and better manage energy,” said Mark de Vere White, president of Itron’s Electricity business line.

“In addition to modernizing its current infrastructure, these improvements will prepare JPS for the future, allowing new applications to be quickly added to the network,” White added.

editor@greentechlead.com

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Hartek Solar launches rooftop solar kits, reveals expansion plans http://www.greentechlead.com/solar/hartek-solar-launches-rooftop-solar-kits-reveals-expansion-plans-34241 http://www.greentechlead.com/solar/hartek-solar-launches-rooftop-solar-kits-reveals-expansion-plans-34241#respond Mon, 21 May 2018 12:38:57 +0000 http://www.greentechlead.com/?p=34241 Hartek Solar has launched its customised rooftop solar kits – promising that the 5-10 kWp plug-and-play kits can be installed in hours. Hartek Solar is targeting kanal houses, housing societies, nursing homes, small commercial establishments, hotels and micro, small and medium enterprises (MSMEs). The solar kits offer lower labour and maintenance costs due to the optimised […]

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Hartek Solar has launched its customised rooftop solar kits – promising that the 5-10 kWp plug-and-play kits can be installed in hours.

Hartek Solar is targeting kanal houses, housing societies, nursing homes, small commercial establishments, hotels and micro, small and medium enterprises (MSMEs).

The solar kits offer lower labour and maintenance costs due to the optimised design. The non-invasive structure with roof protection pads rules out any damage to Reinforced Cement Concrete (RCC) roofs. The per unit generation cost from solar works out to be less than half as compared to diesel gen sets.

A 5-kWp solar kit can produce 20 units of electricity every day, which is enough to run 10 fans, three laptops, three televisions, one air-conditioner, one refrigerator, 10 CFL lights, 10 LED bulbs and even a microwave oven and a 1-Hp water pump.

The 10-kWp kits are ideal for 2-kanal houses, nursing homes, hotels and other commercial establishments.

Hartek Solar said its rooftop solar kits come with an option of a remote sensing technology for small-scale solar plants. The technology will be remotely connecting solar plants with consumers’ Wi-Fi or GPRS SIM card to get alerts on cleaning and maintenance as well as real-time data on energy generation and savings.

Hartek Solar has installed 13.75-MW rooftop projects so far.

Hartek Solar founder-director Simarpreet Singh said the company plans to put up at least 100 such installations in residential, commercial and industrial categories in the next six months, targeting the Tricity as well as industrial clusters in Ludhiana, Baddi, Dera Bassi and Mandi Gobindgarh.

Simarpreet Singh said these plug-and-play kits will cater to both gross metering and net metering consumers.

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Toyota plans to roll into China’s EV market in GAC Motor vehicle http://www.greentechlead.com/electric-vehicle/toyota-plans-to-roll-into-chinas-ev-market-in-gac-motor-vehicle-34239 http://www.greentechlead.com/electric-vehicle/toyota-plans-to-roll-into-chinas-ev-market-in-gac-motor-vehicle-34239#respond Fri, 18 May 2018 06:52:31 +0000 http://www.greentechlead.com/?p=34239 Toyota Motor is taking a new route to meet China’s green car quotas: its showrooms will sell an electric vehicle without the Japanese company’s distinctive triple-oval logo, Reuters reported. Read the latest news on electric vehicles

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Toyota Motor is taking a new route to meet China’s green car quotas: its showrooms will sell an electric vehicle without the Japanese company’s distinctive triple-oval logo, Reuters reported. Read the latest news on electric vehicles

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Solar and wind dominate power generation capacity additions http://www.greentechlead.com/renewable-energy/solar-and-wind-dominate-power-generation-capacity-additions-34237 http://www.greentechlead.com/renewable-energy/solar-and-wind-dominate-power-generation-capacity-additions-34237#respond Thu, 17 May 2018 17:31:05 +0000 http://www.greentechlead.com/?p=34237 Solar and wind dominate power generation capacity additions as projections for investment reach $2.20 trillion by 2021, says a new analysis from Frost and Sullivan. In early 2017, global solar photovoltaics (PV) capacity surpassed nuclear capacity, driven by high investment levels. The analysis indicates that this growth will continue through 2020 as solar PV is […]

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Solar and wind dominate power generation capacity additions as projections for investment reach $2.20 trillion by 2021, says a new analysis from Frost and Sullivan.

In early 2017, global solar photovoltaics (PV) capacity surpassed nuclear capacity, driven by high investment levels. The analysis indicates that this growth will continue through 2020 as solar PV is likely to surpass wind capacity, making solar the fourth largest generation type followed by coal, gas and hydro.

Other important findings from the report include:

The 3D’s of Power – Decarbonization, Decentralization, Digitalization – continue to be underlying factors determining the global power market landscape;

$2.20 trillion in capital investment will be devoted to generation capacity additions for the period 2017 to 2021 driven mainly by renewable energies;

The residential battery storage market will be the fastest growing in 2018 driven largely by the surge in the behind-the-meter residential deployments in the US, Germany, and Australia;

Over $400 Billion will be invested annually in generation capacity additions for the period 2017 to 2021 driven mainly by renewable energies, solar and wind, accounting for $603.4 billion and $553.7 billion, respectively during this period;

The energy transition is proving to be costly for other sources of generation, and there is little evidence of an improvement in the short term;

Considering merger and acquisitions strategies to generate necessary funding to invest in new technologies and offerings;

Futuristic thinking as a necessity – implications of macro changes – renewable energy and electric vehicles are still blurred on the electricity system and decisions must be made in light of these changes.

“To navigate through current trends and challenges, organizations must start embracing business models that enhance operational and process efficiency while reducing costs. Adopting disruptive digital solutions that focus on consumer needs will bring the organization closer to technological and efficiency transformation,” said Vasanth Krishnan, Energy & Environment Analyst at Frost & Sullivan.

“Analyzing long-term scenarios and defining positioning strategies should be key focus areas for industry participants in the long term,” noted Krishnan. “Also, as the renewable and distributed energy markets mature, a large installed capacity of equipment will need to be serviced, offering attractive growth prospects within the operations and maintenance sector.”

editor@greentechlead.com

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India approves national policy on biofuels – 2018 http://www.greentechlead.com/renewable-energy/india-approves-national-policy-on-biofuels-2018-34235 http://www.greentechlead.com/renewable-energy/india-approves-national-policy-on-biofuels-2018-34235#respond Wed, 16 May 2018 14:40:03 +0000 http://www.greentechlead.com/?p=34235 The India Cabinet, chaired by Prime Minister Narendra Modi, has approved national policy on biofuels – 2018. Biofuels include basic biofuels such as first generation (1G) bioethanol, biodiesel and advanced biofuels or second generation (2G) ethanol, municipal solid waste (MSW) to drop-in fuels and third generation (3G) biofuels, bio-CNG etc. to enable extension of appropriate […]

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The India Cabinet, chaired by Prime Minister Narendra Modi, has approved national policy on biofuels – 2018.

Biofuels include basic biofuels such as first generation (1G) bioethanol, biodiesel and advanced biofuels or second generation (2G) ethanol, municipal solid waste (MSW) to drop-in fuels and third generation (3G) biofuels, bio-CNG etc. to enable extension of appropriate financial and fiscal incentives under each category.

The policy expands the scope of raw material for ethanol production by allowing use of sugarcane juice, sugar containing materials like sugar beet, sweet sorghum, starch containing materials like corn, cassava, damaged food grains like wheat, broken rice, rotten potatoes, unfit for human consumption for ethanol production.

The policy allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee.

The policy indicates a viability gap funding scheme for 2G ethanol bio refineries of Rs 5,000 crore in 6 years in addition to additional tax incentives, higher purchase price as compared to 1G biofuels.

The policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds, used cooking oil and short gestation crops.

Reduce import dependency

One crore lit of E10 saves Rs 28 crore of forex at current rates. The ethanol supply year 2017-18 is likely to see a supply of around 150 crore litres of ethanol which will result in savings of over Rs 4,000 crore of forex.

Cleaner Environment

One crore lit of E-10 saves around 20,000 ton of CO2 emissions. For the ethanol supply year 2017-18, there will be lesser emissions of CO2 to the tune of 30 lakh ton. By reducing crop burning & conversion of agricultural residues/wastes to biofuels there will be reduction in green house gas emissions.

Health benefits

Used cooking oil is a feedstock for biodiesel and its use for making biodiesel will prevent diversion of used cooking oil in the food industry.

MSW Management

India generates 62 MMT of municipal solid waste per year. Technologies can convert waste / plastic to drop in fuels. One ton of such waste has the potential to provide around 20 percent of drop in fuels.

Infrastructural Investment in Rural Areas

One 100klpd bio refinery will require around Rs 800 crore capital investment. Oil marketing companies are in the process of setting up twelve 2G bio refineries with an investment of around Rs 10,000 crore. Further addition of 2G bio refineries across the country will spur infrastructural investment in the rural areas.

Employment Generation

One 100klpd 2G bio refinery can contribute 1,200 jobs in plant operations, village level entrepreneurs and supply chain management.

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Canadian Solar gross margin dips to 10% despite increase in module price http://www.greentechlead.com/solar/canadian-solar-gross-margin-dips-to-10-despite-increase-in-module-price-34233 http://www.greentechlead.com/solar/canadian-solar-gross-margin-dips-to-10-despite-increase-in-module-price-34233#respond Wed, 16 May 2018 12:17:31 +0000 http://www.greentechlead.com/?p=34233 Canadian Solar announced that its revenue reached $1.42 billion (+28.5 percent) with gross profit of $143.9 million in the first quarter of 2018. Canadian Solar said its gross margin fell to 10.1 percent from 19.7 percent in Q4 2017 and 13.5 percent in Q1 2017. The sequential decrease in gross margin was primarily due to […]

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Canadian Solar announced that its revenue reached $1.42 billion (+28.5 percent) with gross profit of $143.9 million in the first quarter of 2018.

Canadian Solar said its gross margin fell to 10.1 percent from 19.7 percent in Q4 2017 and 13.5 percent in Q1 2017.

The sequential decrease in gross margin was primarily due to the low margin associated with the 309 MWp of U.S. solar power plants sold, partially offset by an increased module average selling price.

Canadian Solar said its operating expenses fell 29.9 percent to $65.7 million.

The company’s solar power plants in operation as of April 30, 2018 were approximately 948 MWp with an estimated resale value of $1.1 billion.

Its utility-scale solar project pipeline, including those in construction, totaled approximately 2.3 GWp, including 459 MWp in the U.S., 435.7 MWp in Mexico, 422.5 MWp in China, 351.3 MWp in Japan, 499.2 MWp in Brazil, 97.6 in Argentina, 24 MWp in India, 24.2 MWp in Australia, 18.4 MWp in Chile and 8 MWp in South Korea.

Solar module shipments in the first quarter of 2018 were 1,374 MW, compared to 1,831 MW in the fourth quarter of 2017, Canadian Solar said.

Canadian Solar expects to ship solar module of 1.50-1.60 GW, including approximately 100 MW of shipments to the company’s utility-scale, solar power projects in second quarter 2018. Canadian Solar aims for revenues of $690-$730 million with gross margin of 20-22 percent in the second quarter of 2018.

Canadian Solar CEO Shawn Qu said: “We expect a shift in global demand to developing markets to offset China, India and the U.S. We also expect demand in other markets to improve, including Europe, Africa, Argentina and Mexico.”

 

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