🔌What State Grid’s new power line means for Brazil’s energy transition The most recent chapter on Chinese investment in the Brazilian electricity sector was written in December, with state-owned utility giant State Grid placing a successful bid in the largest power transmission auction ever held in Brazil. The company secured the largest of the three contracts on offer, and plans to invest BRL 18 billion (USD 3.6 billion) to build 1,513 kilometers of transmission lines and two substations between the state of Maranhão, in Brazil’s Northeast, and the central state of Goiás. The main aim of the project is to guarantee the flow of renewable energy generation from Brazil’s Northeast region, which is experiencing a boom in wind and solar power plants. 🔗Read more in our full article by Paulo Motoryn here 👇 https://lnkd.in/diuP9zep #China #Energy #EarthWeek #Investments
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The lengths that are necessary (in this case 3,800km) to get renewable energy from where it is generated to where it is needed are sometimes just crazy. The $/MWh added to to the energy generated for just the cable over a 20 year finance period from $20B invested is on the order of $200/MWh, but needs to qualify as renewable energy generated in the UK to get incentives to make it economic. That means it is just moving the energy cost into the taxes on the consumer. Virtus Solis could build and deploy about 10GW of baseload capacity for the same amount financed, including all R&D costs. #solar #spacesolar #sbsp
The ‘crazy’ £20bn subsea cable to bring Moroccan solar power to the UK
sifted.eu
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The largest growth took place in China, which commissioned as much solar in 2023 as the entire world did in 2022, while China’s wind power additions rose by 66% year-over-year. The increases in renewable energy capacity in the US, Europe, and Brazil also hit all-time highs. What about Alberta? #China #GreenEnergy #ClimateEmergency #climateaction #alberta
Good news – the world has a real chance of achieving its goal of tripling renewables by 2030
https://electrek.co
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Fortune 500 Global Commercial Executive | Strategy, Product, and Marketing Leader | Driving Growth in the Built Environment through Innovation, Sustainability, and Technology
A 60% surge in Clean Energy Investment! Over the past four years, the United States has seen a nearly 60% surge in clean energy investment – leading to the creation of more than 310 000 jobs in the sector, according to this in depth report from International Energy Agency (IEA). A hub for technological innovation, the United States is now a major market for renewables, batteries and electric vehicles, among other clean energy technologies. At the same time, the country continues to play a vital role in upholding global energy security as the world’s largest oil and gas producer.
Executive summary – United States 2024 – Analysis - IEA
iea.org
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The global energy transition -- the shift from fossil-based fuels such as oil and coal to renewable sources like wind and solar -- is estimated to become a USD 23-trillion market by 2030.
Energy transition to become a USD 23-trillion market by 2030: US Energy Secretary
m-economictimes-com.cdn.ampproject.org
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The transition to renewable energy is moving fast– be a part of the movement. https://reut.rs/3q6oXQ5
Solar power due to overtake oil production investment for first time, IEA says
reuters.com
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At our Windaba conference earlier this month, SAREM Facilitator, Gaylor Montmasson-Clair shared how 'anchor demand' and a very supportive policy framework are critical to build a robust renewable energy industry. "The energy sector requires consistent demand from a consistent flow of renewable energy projects in order to invest in local manufacturing, and not haphazard demand that comes and goes.” Read more in Engineering News here: https://lnkd.in/dR9nnc9v #SAREM #windenergy #windaba2023 #renewableenergy TIPS (NPC) Presidential Climate Commission The Presidency of the Republic of South Africa
‘Anchor demand’ a must for renewables masterplan to succeed – Montmasson-Clair
engineeringnews.co.za
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Helping businesses to connect with best in industry professionals in the energy and renewables sectors #recruitment #renewables #energy
The new project will be developed on the site of TotalEnergies' depot in Feluy. It will have a power rating of 25 MW and capacity of 75 MWh, these two projects, which represent a global investment of nearly €70 million, will bring TotalEnergies' storage capacity in #Belgium to 50 MW / 150 MWh. Apart from playing a key role in the resilience of the electricity system, providing flexibility and helping solve grid congestion problems, these battery storage sites also encourage the growth of renewable energies in the country, which require solutions like these to compensate for their intermittency. Click here to read more.... #renewableenergy #climatechange #sustainablefuture #decarbonisation #iea #europe #investment
TotalEnergies Launches New Battery Storage Project in Belgium
https://www.pv-magazine.com
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In 2017, China set an ambitious goal to double its wind and solar capacity to a combined 1,200 GW by 2030. A new report by Global Energy Monitor shows that the country will hit that target five years early. The report also says that the world's biggest emitter of greenhouse gases is on pace to achieve peak CO2 emission in 2030 and carbon neutrality by 2060. PI supports renewable energy generation with ultra-efficient gate driver products, including SCALE-iFlex LT driver boards that reduce overall losses by 20% with precise current sharing. Learn more - https://okt.to/qVSzmh
China on Course to Reach Solar and Wind Power Goals Five Years Ahead of Schedule - EcoWatch
https://www.ecowatch.com
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"HOW BIG IS RENEWABLE POWER IN CHINA? China has been the world's largest and fastest-growing producer of renewable power for more than a decade, and its lead has widened with an acceleration of solar and wind power capacity in recent years. The country will build as much new solar capacity this year [2023] as the total installed capacity in the U.S., according to the Centre for Research on Energy and Clean Air."
Explainer: The numbers behind China's renewable energy boom
reuters.com
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The European Commission's State of the Energy Union report shows a big growth in solar and wind power generation over the last 12 months and a 3% reduction in greenhouse gas emissions. Despite this good news, renewable energy is not currently growing fast enough in European Union countries to reach legally binding 2030 targets. #renewables #ghg #cleanenergy #eu
Solar, Russian gas and the future: Key takeaways from annual EU report
euronews.com
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