THE FRIDAY NOTE Sweden eyes fossil fuel-free future and more top picks
Sep 25, 2015 15:01 CEST
September 25 – Sweden took steps to become one of the first fossil fuel-free countries, UK announced 25.3% renewable power share for April-June, and the US scheduled an auction for a 3.4-GW-plus offshore wind lease area off New Jersey.
Other top news from the week include Dong Energy’s plan for an IPO within 18 months, the start of commercial operations at a 117-MW wind park in Jordan, and the award of 20-year contracts to 116 MW of renewable power projects in New York.
100% RENEWABLE
The world could reach a renewables share of 100% by 2050 if it phases out fossil fuels and nuclear energy as fast as it is technically and economically possible, according to a report by Greenpeace and GWEC. The share of solar photovoltaics (PV) and wind energy can hit 20.2% and 32.1%, respectively.
The UK’s renewable energy industry can celebrate a small victory in that direction, having reached the record-high 25.3% renewables share in second-quarter power generation.
Sweden, meanwhile, wants to be one of the first fossil fuel-free countries worldwide and plans to bet on solar, wind, energy storage and smart grids. It has set aside some SEK 4.5 billion (USD 534m/EUR 479m) for climate-protection measures in its 2016 budget bill.
More details at: http://renewables.seenews.com/news/greenpeace-gwec-paint-100-renewables-picture-for-2050-493773
at: http://renewables.seenews.com/news/renewable-power-share-in-uk-at-record-25-3-in-q2-2015-494370
and at: http://renewables.seenews.com/news/sweden-sets-goal-to-be-one-of-1st-fossil-fuel-free-countries-493741
TOTAL’S USD 500M FOR RENEWABLES
Soon after the Greenpeace report was released, Goldman Sachs, Nike, Starbucks and several other big US companies joined the RE100 initiative, having pledged to use 100% renewable power.
French oil and gas group Total SA (EPA:FP), on the other hand, announced that it intends to spend about USD 500 million per year on renewable energy.
More details at: http://renewables.seenews.com/news/goldman-nike-target-100-renewables-as-new-re100-members-494100
and at: http://renewables.seenews.com/news/frances-total-to-invest-usd-500m-annually-in-renewables-494320
NEW JERSEY OFFSHORE WIND
The US Interior Department will hold on November 9 an auction for a wind power development zone off the New Jersey coast, where at least 3.4 GW of capacity could be installed. Thirteen developers have been allowed to participate, among which France’s EDF, Spain’s Iberdrola, RES America and Ireland’s Mainstream Renewable Power.
More details at: http://renewables.seenews.com/news/us-govt-to-auction-3-4-gw-plus-offshore-wind-lease-area-in-nov-494282
WIND IN JORDAN, WIND IN NY
Late last week it was announced that the 117-MW Tafila, or Tafileh, wind farm in southern Jordan has started commercial operation. The 38-turbine wind park is worth about USD 287 million and is so far the kingdom’s biggest.
In New York, RES America won a power off-take contract for its 100-MW Ball Hill wind farm under the state’s 10th Renewable Portfolio Standard (RPS) Main Tier solicitation. Several smaller biogas and hydro projects also made it to the winners’ list.
More details at: http://renewables.seenews.com/news/wind-farm-of-117-mw-reaches-full-operation-in-jordan-493702
and at: http://renewables.seenews.com/news/new-york-governor-awards-usd-175m-of-renewable-power-deals-494304
AND SOME IPOs
Danish utility Dong Energy A/S has initiated preparations for an initial public offering (IPO), with the goal of going public within 18 months. Bloomberg cited a Sydbank analyst as saying that the entire company could be valued at as much as DKK 70 billion (EUR 9.4bn).
In Germany, solar and wind parks operator Chorus Clean Energy has revived plans for an IPO in Frankfurt, targeting gross proceeds of about EUR 125 million. The offer period is scheduled to end on October 2.
More details at: http://renewables.seenews.com/news/denmarks-dong-energy-prepares-for-ipo-within-18-months-493698
and at: http://renewables.seenews.com/news/germanys-chorus-resumes-eur-125m-ipo-494341
(USD 1 = EUR 0.897)
Recommends:
Dizaul® 5000mAh Solar Charger Waterproof/Shockproof/Dustproof Portable Backup Power Bank Dual USB Charger for Apple iPhone6/6 Plus/5s/5/5c/, Samsung Galaxy S6/S6 Edge/S5/S4/S3, Note 4/3/2, Google Nexus 4/5, LG G2, Sony, HTC, GoPro, GPS and MoreWarm Tips:
1. You’d better charge it fully for the first use. But if you don’t, it doesn’t matter so much.
2. The one green li…
LevinTM Giant+ Solar Panel Charger 12000mAh Rain-resistant and Dirt/Shockproof Dual USB Port Portable Charger Backup External Battery Power Pack for iPhone 6 6plus 5S 5C 5 4S 4, iPad Air, Other iPads, iPods(Apple Adapters not Included), Samsung Galaxy S5 S4, S3, S2, Note 3, Note 2, Most Kinds of Android Smart Phones and Tablets, Gopro Camera and More Other Devices (Pure Black)Big got Bigger
Power users, look no further. The Levin solar charger Giant+ packs a mammoth charge capacity of 12,000 mAh and…
DoSHIn® 20000mAh Solar Panel Charger Dual USB Sunlight Charger Solar Battery External Power Bank Backup Power Pack Poratble Charger with LED Light for iPhone 6,6+,5S, 5C, 5, iPad Air, Mini Samsung Galaxy S6,S5, Note 4,3,2, Android Smartphone and Camera ect; (Green)Specification:
Battery Type: Polymer lithium battery
Capacity: 20000mAh
Input: Micro USB 5V/1A
Output 1: 5V/1A
Output 2:…
Solar Power Bank
