Tuesday, June 22, 2021

China completes new 70MW floating solar PV project on old coal area

French-based Ciel & Terre International has announced that its 70 MW floating solar power plant located on top of an old coal mining area in the province of Anhui, China, is now officially complete after several months of tests and monitoring. Built atop a former coal-mining area in the Yongqiao district, Suzhou city, the new project will primarily be used...

ADB to Invest $50 Million in Avaada Energy Private Limited to Expand Renewable Energy Capacity in India

The Asian Development Bank (ADB) has signed an agreement to invest $50 million in Avaada Energy Private Limited (AEPL) to help the company rapidly scale up photovoltaic solar energy generation capacity in India.... An excerpt from ADB

China to cut coal from new green bond standards – sources

Two sources with direct knowledge of the situation say China's central bank, which regulates financial institution debt issuance and whose 2015 guidelines were adopted by other market regulators, has already revised the eligibility list. One of the people said the list is due to be published later this month. The People's Bank of China did not immediately respond to...

Interview: OPEC, Russia oil market role ‘diminishing’: IEA’s Birol

OPEC, Russia and nine other non-OPEC partners are in the midst of a 1.2 million b/d production cut that has helped oil prices recover from a slump in the last three months of 2018. The cut agreement is scheduled to run through June and is likely to be adjusted after the US announced it would end all waivers from...

Trump’s ‘Budget for a better America’ means worse climate change

"...A Budget for a Better America https://www.whitehouse.gov/wp-content/uploads/2019/03/budget-fy2020.pdf ...  A 31 percent reduction in spending at the Environmental Protection Agency. Slashing the agency’s budget keeps his promises on the campaign trail to cut back on enforcement actions that hurt the bottom line of the fossil fuel industry. The Department of Energy would see an 11 percent decrease from current funding, to $31.7...

Marguerite adds another 50 MW of solar in Spanish acquisition spree

Pan-European equity fund Marguerite announced last week the acquisition of an 80% stake in a 50-MW solar photovoltaic (PV) project in Andalusia from Spain’s OPDEnergy for an undisclosed sum.... An excerpt from Renewables Now

Russia and Turkey continue working out compromise on gas

Russia and Turkey failed to agree on Russia's gas prices: Russian President Vladimir Putin admitted following the meeting with his Turkish counterpart Recep Tayyip Erdogan that the sides argued on gas prices. Ankara wants the price to be fixed and defined by a certain formula, but Moscow insists on market-based pricing. ... An excerpt from Vestnik

Trump to Escalate Iran Feud by Ending Waivers; Oil Prices Climb

The Trump administration said it won’t renew waivers that let countries buy Iranian oil without facing U.S. sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India. ... An excerpt from Bloomberg