SUNBIZ informs that solar, wind power to drive renewable energy growth this year, as everyone the world over is finding out. The highly spoken of Energy Transition is happening before our very eyes. The highly expressed Energy Transition is happening before our very eyes, and this story is an illustration of it happening.
PETALING JAYA: Renewable installations in solar, wind and storage facilities are set to rise by 40% year on year to another record 190GW globally this year, accelerating from a 30% on-year expansion in 2020 despite project delays caused by the Covid-19 pandemic, predominantly driven by solar photovoltaic (PV) solutions, followed by offshore wind installations, according to Rystad Energy’s “Renewable Energy Trends” presentation.
In a note, AmInvestment Bank Research (AmResearch) said Asia is expected to be the main driver of renewable capacity increase with an addition of 80GW this year, followed by the United States at 55GW and Europe at 25GW. Asia, represented by China, will account for the largest cumulative renewable capacity of 630MW in 2021, twice Europe’s 320MW and 2.3 times North America’s 280MW.
Zooming in on the local scene, the research house pointed out that the shift towards renewable energy (RE) in Malaysia has been in progress over the past three years with Petronas’ investment in AmPlus, which operates over 600MW of solar capacity in India and Southeast Asia.
“Amongst local service providers, only Yinson has an operational RE division from its US$30 million investment for a 95% equity stake in Rising Son Energy, which has a 140MW solar farm in Bhadla Solar Park Phase II, Rajasthan, India. Yinson also recently signed an agreement with listed NTPC to develop a 190MW plant in nearby nearby Nokh Solar Park.
“As Uzma has just secured a 50MW solar project which will only be operational by end-2023, we expect the momentum to gather steam for renewable projects by local O&G providers as gearing concerns are being alleviated by an improving oil price environment,” it said.
Overall, AmResearch still holds an “overweight” call on the oil & gas sector, recommending Yinson for its strong earnings growth momentum from the full-year contributions of FPSO vessels Helang, off Sarawak, Abigail-Joseph in Nigeria and Anna Nery in Brazil, together with multiple charter opportunities in Brazil and Africa.
“We also like Dialog Group and Serba Dinamik Holdings due to their resilient non-cyclical tank terminal and maintenance-based operations.
“Our other ‘buy’ calls are Sapura Energy, which will complete its RM10 billion debt restructuring package soon and position the formidable EPCIC group to secure fresh global orders; and Petronas Gas, which offers highly compelling dividend yields from its optimal capital structure strategy and resilient earnings base.”
Meanwhile, AmResearch noted that the tariffs of power purchase agreements (PPA) for PV facilities are projected to drop in Asia Pacific (Apac), Middle East North Africa, Americas and Europe due to open bidding competition, falling material prices, increasing project sizes and economies of scale.
Apac’s solar PPA prices, currently above US$50/MWh, are the highest globally, compared with below US$50/MWh and US$30/MWh in Europe and Americas respectively. Over the longer term, Apac’s tariffs may be squeezed due to rising competition amid rising interest in India’s multiple plants.
However, the PPA prices for Apac wind utilities, currently below US$50/MWh, are expected to rise to US$75/MWh in 2022, driven by the extension of Vietnam’s feed-in tariff mechanism to 2023. Additionally, utility wind capex has remained steady over the past three years at US$1.5/W in 2020.
Together with the growth in renewable energy, global utility scale battery operations are expected to expand in tandem given the periods of unavailability in solar and wind electricity generation.
For 2021, global utility scale battery installations are projected to double to 12.5GW, then grow by 60% to 20GW in 2022 and 50% to 30GW in 2023.
Hybrid technology trial aims for smooth integration of renewable energy by Professional Engineering is an eye opener into what is currently going on behind the scene.
4 December 2020
A new hybrid system will inject or absorb energy from the transmission network to maintain voltage levels as renewable power levels fluctuate.
The technology, being tested in a new year-long trial at Hitachi ABB Power Grids, could aid the smooth transition from conventional energy generation to renewable power by compensating for variable sources such as wind and solar. SP Energy Networks, the University of Strathclyde and the Technical University of Denmark are also involved in the trial.
The system combines a static compensator (statcom) with a synchronous condenser. The result can deliver a combination of fast reaction, spinning capacity and short circuit control, injecting or absorbing energy to keep voltage levels within the required limits. It will provide a spinning reserve over a few seconds until other resources, such as batteries or reserve generators, can be brought online.
Electricity regulator Ofgem funded the Phoenix project, which started in 2018. The outcome of the project, including the new trial, is expected to contribute cumulative savings of over 62,000 tonnes of carbon emissions, equivalent to the electricity use of over 6,000 homes.
Hitachi ABB Power Grids installed the hybrid solution, a strategic 275 kilovolt (kV) substation on SP Energy Networks’ transmission network near Glasgow. The project partners will evaluate the installation’s performance over the year-long trial.
“While power stations produce a steady and constant flow of energy, renewable energy generators like wind and solar can fluctuate as they respond to different weather conditions,” said Niklas Persson, managing director of Hitachi ABB Power Grids’ grid integration.
“This pioneering hybrid solution combines existing technology with an innovative control system that will enable a reliable and stable energy supply, while accelerating the UK towards a carbon neutral future.”
Colin Taylor, director of processes and technology at SP Energy Networks, said: “I’m very proud that we have been able to drive forward with the Phoenix project this year, despite the recent pandemic and its challenges.
“This world-first innovative project has just reached a key milestone following the commencement of its live trial. Technology like this allows us to accommodate even more renewable generation on our electricity system while maintaining levels of system stability and resilience.”
Content published by Professional Engineering does not necessarily represent the views of the Institution of Mechanical Engineers.
Alcazar Energy and its partner, Hecate Energy, a leading developer, owner and operator of renewable power projects and storage solutions in North America and select international markets, have announced the commercial operation of their Shobak wind farm situated in the Ma’an Governorate of Jordan. With the granting of its Commercial Operation Date (COD) Certificate, Alcazar Energy now has seven operational wind and solar assets across the META region.
The project, which will facilitate the supply of electricity to the Jordanian grid in line with established tariffs, directly supports the Kingdom’s National Energy Strategy to achieve 20 per cent of its required energy from renewable resources by 2025. The wind farm is projected to displace (on average) over 75,000 tonnes of carbon dioxide and save in excess of 130,000 cubic metres of water annually over its 35-year lifespan.
Vestas, Danish manufacturer was contracted to construct the project which included the installation of 13 V136-3.45 MW wind turbines across an area of 14.5 square kilometres (km2) near the village of Al Shobak. Vestas commentd that it will continue to support the Alcazar Energy Delivery and Operations team by providing operation and maintenance (O&M) services for the wind farm in compliance with international best practice.
Commenting on the occasion, Daniel Calderon, Co-founder and Chief Executive Officer of Alcazar Energy, said: “The completion of the Shobak wind farm, while navigating the challenges of COVID-19, is a real testament to Alcazar Energy’s resolve, expertise and unwavering commitment to all our public and private partners. The achievement of commercial operations demonstrates our credentials as a responsible market leader that operates with the highest levels of safety, discipline, compliance and integrity in our work.”
“This project also reaffirms Alcazar Energy’s role in supporting the Kingdom of Jordan not only to meet its rising demand for electricity in a sustainable and environmentally responsible manner, but also to create jobs and empower local communities.”
The Shobak wind farm has a generation capacity of 45 megawatts (MW), which is enough to power over 30,000 Jordanian households every year.
“The Shobak wind farm is a great example of how a public-private partnership can work for the benefit of all stakeholders. The resilience shown amid disruptions caused by COVID-19 is further proof of the project’s viability and Alcazar Energy’s commitment to the communities where it operates. We are delighted to have been able to support this further addition of renewable generating capacity to Jordan’s remarkable green transition.”Harry Boyd-Carpenter, Head of Energy, Europe, Middle East and Africa, European Bank for Reconstruction and Development (EBRD) added.
The development and construction of the Shobak wind farm has been accomplished in line with world-class quality, health, safety, environmental and social standards and has been commissioned following rigorous technical tests.
Participation of local employees reached 30 per cent of the total workforce, higher than comparable projects in the wind industry, bringing significant social and economic benefits to the region. The on-the-ground team had a workforce of 350 employees. In total, the project required over 350,000 man-hours for the civil works, the specialised assembly of wind turbines and the construction of the substation.
The wind farm is jointly financed by the European Bank for Reconstruction and Development (EBRD), the Islamic Corporation for the Development of the Private Sector (ICD) and the Europe Arab Bank. Shobak represents Alcazar Energy’s third fully operational renewable energy project in Jordan, which together will make an important contribution to the Kingdom’s energy transition for decades to come.
In these difficult days, Record new renewable energy capacity this year and next: IEA by Nina Chestney sheds some light in the unending and stuffy tunnel that the world’s economy finds itself stuck-in. Wind turbines lining the roads, roof mounted solar panels generating energy for all are more and more visible even in the MENA region, oil exporters or not.
LONDON, Nov 10 (Reuters) – Record levels of new renewable energy capacity are set to come on stream this year and next, while fossil fuel capacity will fall due to an economic slump and the COVID-19 crisis, the International Energy Agency (IEA) said in a report.
In its annual renewables outlook, the IEA said new additions of renewables capacity worldwide would increase by 4% from last year to a record 198 gigawatts (GW) this year.
This means renewables will account for almost 90% of the increase in total power capacity worldwide this year.
Supply chain disruptions and construction delays slowed the progress of renewable energy projects in the first six months of this year due to the coronavirus pandemic.
However, the construction of plants and manufacturing activity has ramped up again, and logistical challenges have been mostly resolved, the IEA said.
Electricity generated by renewables will increase by 7% globally this year, despite a 5% annual drop in global energy demand, the largest since World War Two.
Next year, renewable capacity additions are on track for a rise of almost 10%, which would be the fastest growth since 2015.
“Renewable power is defying the difficulties caused by the pandemic, showing robust growth while others fuels struggle,” said Dr Fatih Birol, the IEA’s executive director.
Policymakers need to support the strong momentum behind renewables growth and if policy uncertainties are addressed, renewable energy capacity additions could reach 271 GW in 2022,the IEA said.
In 2025, renewables are set to become the largest source of electricity generation worldwide, supplying one third of the world’s electricity, and ending coal’s five decades as the topglobal power source, the report said.
Reporting by Nina Chestney; Editing by Mark Potter
According to the World Energy Outlook 2019, almost 1 billion people in the world today do not have access to reliable electricity. As the world continues to lift people out of poverty and bring access to electricity to deep corners of the world, the global energy requirements, including for electricity and for industry, are going to go up.
At the same time, it is widely accepted that we need to find different energy sources. Carbon intensive sources like fuelwood, coal and natural gas need to be phased out as we build a climate-resilient world. Several authorities have come onboard the need for low-carbon energy generation. (And even if you don’t believe in the CO2-induced theory of climate change, the fact remains that using fuelwood, coal and gas-based energy generation has terrible health consequences.)
Discussing low-carbon energy invariably leads to a big debate: Renewables vs nuclear.According to you, which form of low-carbon should the world depend on?Renewable energyNuclear energyI’ll answer this after reading the article (okay! There’s another poll at the end for you!)VoteView ResultsCrowdsignal.comAdvertisementsabout:blankREPORT THIS AD
Option 1: Renewable energy (solar and wind)
When we talk of renewables, most people stress on solar and wind energy.
Solar and wind have become increasingly popular in the last two decades. They are being promoted as the energy sources of the future because they do not emit GHGs during electricity production. Even their emissions during manufacturing and decommissioning pale compared to other forms of energy. Energy generation from renewables is expected to grow by 300% by 2040 due to their popularity and advancements in battery storage technology.
Solar and wind farms are also easier and faster to build compared to most other sources of energy.
They are flexible and can ramp energy production up or down at a moment’s notice, depending on the demand. This is important in today’s energy use scenario. For example, if a popular TV show runs from 9:00 – 9:30 PM, we will see a spike in energy demands at 9 PM followed by a dip in demands at 9:30 PM. We also have situations of negative demand, when people generate more electricity (from their rooftop solar) than they use and supply the surplus to the grid. In such cases, other sources of energy would need to ramp down. Such situations place undue stress on the grids, which renewables can easily handle.
The biggest advantage from solar and wind is their independence from the grid. Set up panels or windmills on your rooftop and you can produce your own electricity without depending on the grid! This ability makes these options attractive in unelectrified areas and areas very far from electricity generation plants.Advertisementshttps://c0.pubmine.com/sf/0.0.3/html/safeframe.htmlREPORT THIS AD
Option 2: Nuclear energy
Nuclear energy is not new; nuclear power plants have existed since the 1950s. Nuclear power plants also do not emit GHGs during electricity production and are a good low-carbon energy source. Several features of nuclear energy make it a superb source of energy for the future.
The most impressive by far is its power density: nuclear energy produces more power per unit volume than any other form of electricity source we know. This also makes them space-efficient. Even their waste products can be contained within a small space, compared to the waste generated by decommissioned solar and wind infrastructure.
They are stable and reliable. If the nuclear power plant works properly, we can be guaranteed a given amount of electricity at all times. This is key in industrial areas and urban centers where the demand for energy rarely fluctuates. Often, these areas are also well-connected to the grid and require large amounts of power, making nuclear a more attractive option than the intermittent, power-thin renewables.
Contrary to popular belief, it is safe. Nuclear disasters have occurred largely due to mismanagement and primitive technology, both of which are avoidable in today’s world. Nuclear wastes also need not be dangerous if proper precautions are taken and protocols are diligently followed.
However, solar and wind are far from ideal…
Solar and wind have their fair share of criticisms.
First, they are intermittent: we cannot get reliable electricity throughout the day, month or year from either of these sources. This means we need a back-up—either through battery storage (who’s capacity is still low) or through coal/natural gas plants (kind of beats the purpose)—or we need a combination of different renewable energy sources that can feed support each other. The need for backup, along with the new grid infrastructure we need to interconnect different renewable sources, has increased the cost of electricity for consumers even though the cost of energy has gone down.
Second, they have low power densities; they produce low energy per unit volume compared to fossil fuels and nuclear. This means that if we tried to power the world entirely by a combination of different renewable energy sources, we would need A LOT space. For example, if the entire world was to be powered by solar, we would need a land area the size of South Africa. Not at all efficient.
Third, the infrastructure we create for wind and solar has a lifespan of 25-30 years. What happens at the end of their lifespan? Disposing solar panels and windmills are a huge pain, requiring massive infrastructure to recycle their components. If we didn’t recycle them, we would dump them in landfills and cause an environmental disaster.
When we try to scale solar and wind energy generation through parks or farms, this technology incurs a significant ecological cost. Solar farms displace animals from their homes and create a heat island that is unconducive to most lifeforms. Similarly, wind farms are notorious for their interference with the flight paths of large birds and bats.
Nuclear energy also has problems…
Nuclear energy’s biggest detractor is its construction. It takes a long time and a lot of money to construct a nuclear power plant. This isn’t ideal because we need to cheaply and quickly produce low-carbon forms of electricity to meet the rising demands around the world. Construction of nuclear power plants is also very carbon-intensive.
Nuclear isn’t traditionally flexible, and modern designs offer limited flexibility, which isn’t ideal in places with highly variable energy demands.
Introducing nuclear energy (and wastes) in countries that do not yet have access to this technology creates the risk for weaponization. While the chances of an all-out nuclear war continue to be low, the risk cannot be discounted.
Should we be choosing one or the other?
For the longest time, I felt that this is a binary option. That is how the debate has been structured on the global stage. But a closer look at the advantages and disadvantages of renewables and nuclear paint a different picture. See for yourself…
This table compares the two forms of energy against several parameters of a future energy grid.
Clearly, nuclear and solar/wind are complimentary: where one falls short, the other can support.Advertisementsabout:blankREPORT THIS AD
Conclusion: Should we rely on only one form of energy?
Given different needs in different areas of life, it is unwise to depend on any one form of energy. For example, solar/wind is cheaper and faster to electrify rural areas, where the need for electricity remains low and it is expensive to connect them to the grid. Nuclear makes sense in cities and industrial complexes that need reliable, stable and cheap electricity all the time.
Let me ask you the question again:According to you, which form of low-carbon should the world depend on?Renewable energyNuclear energyA combination of bothVoteView ResultsCrowdsignal.com
Bonus: Are hydroelectricity, bioenergy, geothermal and tidal the best of both worlds?
Many people mention these sources under renewables. In fact, hydroelectric power plants form the largest proportion of the renewable energy mix. However, they behave differently compared to solar and wind and have many features of nuclear energy.
Hydroelectricity, bioenergy, geothermal and tidal—can counter many shortcomings of solar and wind, like power density and intermittency. Unlike nuclear, they are relatively cheaper and faster to build.
But they come with their own problems. They are all highly location-specific, take time and resources to construct, and occupy a lot of space causing huge environmental and social damage.
These forms of energy make sense depending on the location. Hydro, geothermal, tidal and bioenergy can generate all the energy a region requires, or can easily work with solar and wind to meet energy needs. They can be a reliable substitute to nuclear energy in controversial places where energy requirements are high and consistent.
The future of energy in a low-carbon world, according to me, does not have to renewable OR nuclear. We need a bit of both (the relative proportions, of course, are debatable). Their features are complimentary and the next generation energy grid should evolve to accommodate both forms of energy.
Farmers near a seaside lagoon in northern Tunisia are fighting to preserve a unique, traditional irrigation system that has sparked renewed interest as North Africa’s water shortages intensify.
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