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[waldron] 01/7/2019 16:44

French utility Engie SA (ENGI.FR) said Monday that it has agreed to buy Conti Corporation, a construction and energy-services company that operates in the U.S. and Canada.

Conti designs and builds heating and air-conditioning systems and is a leader in the construction of solar farm construction.

The acquisition will increase Engie's ability to improve the energy efficiency of its customers' assets, the company said.

Neither company disclosed financial details of the transaction.



Write to Nathan Allen at [e-mail]



(END) Dow Jones Newswires

July 01, 2019 08:41 ET (12:41 GMT)

[ariane] 30/6/2019 11:02

Abu Dhabi starts commercial operation of world’s largest solar plant

30 June 2019 1:36 PM By Andrew Roscoe

Noor Abu Dhabi

Sweihan solar plant will reduce the emirate’s carbon dioxide emissions by 1 million metric tonnes a year

[grupo] 29/6/2019 21:39

forbes



Jun 29, 2019, 03:27pm
World's Largest Solar Power Plant Switched On
John Parnell
John Parnell Contributor
Energy
I cover the international renewable energy sector, especially solar.

This is a headline you may well read more than once in the coming years.

It is also possible that the subsequent world’s-largest-solar-plants may also be built not a million miles away from the current title holder.

As of today, the Noor Abu Dhabi project with a total capacity of 1,177MW is the largest operational single site solar project in the world. It’s important to make the distinction between this and a ‘solar park’. These are essentially areas of land ear-marked for solar and often with ready-to-go grid connections, where multiple projects will be built under the same banner, but developed and financed individually.
A high voltage cable route near Zayed City, Abu Dhabi, U.A.E.

A high voltage cable route near Zayed City, Abu Dhabi, U.A.E. Getty

The Noor Abu Dhabi project, which is not state-financed is the work of a consortium that includes Abu Dhabi Power Corporation, Japan’s Marubeni Corp and Chinese solar manufacturer Jinko Solar.

The $870 million project was the result of a competitive tender process that will see electricity from the site sold to the Emirates Water and Electricity Company (EWEC) for around 2.4 cents per kWh, a record at the time of the auction and a record for any completed solar project. It was built by the Indian firm Sterling & Wilson with nearly 3000 people working on site during the peak of activity.

"Noor Abu Dhabi will generate renewable energy and will enable us to improve the use of our natural resources,” said Othman Jumaa Al Ali, CEO, EWEC. “The fact that a project of such scale has been successfully completed on time and on budget highlights our commitment to ensuring sustainable energy for the future and it is a true testament of the Emirate’s delivery capabilities to execute world-class energy projects."
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Yoshiaki Yokota, Chief Operating Officer, Power Business Division of Marubeni Corporation said: "This project represents a significant milestone not only for the United Arab Emirates and the region, but for the global solar industry and for the future of renewable energy. As the Managing Member of this project, Marubeni will contribute to the UAE Energy Strategy through the project’s operations phase and we continue to contribute to the global energy sector as a leading energy solutions provider."

Records in the solar industry have a habit of falling fast. With a 2GW project put out to tender by EWEC earlier this year, this one might not be moving very far at all.

A framework agreement is in place for 2.6GW of solar power in Mecca, Saudi Arabia. With financial stability, growing demand for electricity, lots of space and even more sunshine, the Arabian Gulf may well hold onto this record for a while.
John Parnell
John Parnell Contributor

[la forge] 27/6/2019 14:25

ENGIE’s renewable energy capacity exceeds 1.5 GW in India
ENGIE was recently awarded a 200MW onshore wind project . Also, the Group won a new 280 MWp solar PV farm as it announces the commercial operation of its 338 MWp solar PV project in Kadapa
Kadapar, Engie, Renewable energy

Following a series of successes, ENGIE’s total renewable capacity in India now exceeds 1.5 GW.

ENGIE was just awarded by Solar Energy Corporation of India (SECI) a 200 MW onshore wind project in the state of Gujarat. ENGIE will sign a 25-year power purchase agreement (PPA) with Federal Government entity, SECI.

This success follows an earlier award to the Group by Gujarat Urja Vikas Nigam Limited (GUVNL) for a 280 MWp solar photovoltaic (PV) project in Gujarat as part of the Raghanesda solar park, currently under development. Under the scope of the project, ENGIE will also sign a 25-year PPA with GUVNL, the state power distribution company.

ENGIE also finalized commissioning one week ahead of schedule of 80% of the 338 MWp Kadapa solar PV project located in the state of Andhra Pradesh, followed by commercial operation in early June.

Paulo Almirante, ENGIE’s Executive Vice President and Group COO declared: “These successes demonstrate ENGIE’s capability to accelerate the development of its renewable energy portfolio and meet the ambitious target of adding 9 GW of additional renewable capacities over the next 3 years”.

ENGIE has been present and active in India for over 40 years. The Group employs approximately 1,000 people in the country in power generation, engineering and energy services.

[the grumpy old men] 26/6/2019 11:57

Engie to install 2-MW/4-MWh energy storage system at San Diego airport
Solar array. Author: David Goehring. License: Creative Commons

June 26 (Renewables Now) - Engie Storage Services NA LLC said Tuesday it will install a 2-MW/4-MWh battery storage system at San Diego International Airport (SAN) as part of the airport’s efficiency and sustainability efforts.

The US energy storage company will deploy its GridSynergy solution and pair it with the airport's solar photovoltaic (PV) arrays totalling 5.5 MW. The storage system will contribute to reducing energy charges during peak demand.

According to Engie Storage, the GridSynergy cloud-based software will analyse past and present energy generation along with usage data at the airport to calculate optimal charge and discharge cycles for the lithium-ion batteries.

The storage system is expected to become operational in early 2020.

[the grumpy old men] 18/6/2019 13:56

Swiss researchers produce carbon-neutral fuels from sunlight and air

Oil & GasDownstreamTechnology

By NS Energy Staff Writer 18 Jun 2019

The project now aims to scale the technology for industrial implementation and make it economically competitive
image.imageformat.fullwidth.352731998

Image: The research solar plant is located on the roof of the ETH building on Sonneggstrasse. Photo: © ETH Zurich/Alessandro Della Bella.

Researchers from ETH Zurich in Switzerland have developed a new technology capable of producing liquid hydrocarbon fuels exclusively from sunlight and air.

The entire thermochemical process chain has been demonstrated by the researchers at the new solar mini-refinery built on the roof of ETH’s Machine Laboratory building in Zurich.

Claiming the mini-refinery as a global first, scientists said that the new solar plant can produce synthetic liquid fuels that release as much CO2 during combustion as was previously extracted from the air.
The new solar mini-refinery is claimed to be the first of its kind in the world

The plant initially extracts CO2 and water directly from ambient air and split using solar energy which results in production of syngas, a mixture of hydrogen and carbon monoxide.

The syngas is then processed into kerosene, methanol or other hydrocarbons for use in the existing global transport infrastructure.

ETH Zurich renewable energy carriers professor Aldo Steinfeld said: “This plant proves that carbon-neutral hydrocarbon fuels can be made from sunlight and air under real field conditions.

“The thermochemical process utilises the entire solar spectrum and proceeds at high temperatures, enabling fast reactions and high efficiency.”

Intended to help advance ETH’s research towards sustainable fuels, the solar mini-refinery demonstrates the feasibility of the technology, even under the climate conditions prevalent in Zurich. The plant is capable of producing around one decilitre of fuel per day.

A large-scale test of the new solar reactor is being worked out by Steinfeld and team in a solar tower near Madrid. It will be conducted within the scope of the EU project sun-to-liquid.

The project now aims to scale the technology for industrial implementation and make it economically competitive.

Synhelion director (CTO) Philipp Furler said: “A solar plant spanning an area of one square kilometre could produce 20,000 litres of kerosene a day.

“Theoretically, a plant the size of Switzerland – or a third of the Californian Mojave Desert – could cover the kerosene needs of the entire aviation industry.

“Our goal for the future is to efficiently produce sustainable fuels with our technology and thereby mitigate global CO2 emissions.”

[adrian j boris] 15/6/2019 09:08

DEALSTREETASIA.COM

GIP in talks to buy Engie’s Indian solar power business in likely $500m deal By Utpal Bhaskar June 15, 2019 American investor Global Infrastructure Partners (GIP) is in talks to buy the Indian solar power business of French energy firm Engie SA in a deal potentially worth around $500 million, a person aware of the development said. GIP is interested in Engie Solar, which has an 1,100 megawatt (MW) solar portfolio in India, the person said on the condition of anonymity. Of this, 740MW is operational. Rothschild and Co. has been mandated to find a buyer for the assets. Mint had earlier reported that private equity (PE) fund Actis Llp and Edelweiss Infrastructure Yield Plus Fund were in talks to buy the French firm’s Indian solar power business. With the newly-elected Narendra Modi government articulating its vision for reliable and uninterrupted power supply to households in its second term, along with a focus on green energy sources, the interest in India’s emerging green economy continues unabated. Last week, sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority agreed to invest $495 million in Greenko Energy Holdings, in one of the largest funding rounds by an Indian clean energy producer. In an emailed response, Engie India manager Malcolm Wrigley declined to comment on “market speculation”. A GIP spokesperson, in an emailed response said: “We don’t comment on market speculation.” M.K. Sinha, managing partner and co-head, GIP India, did not respond to Mint’s queries. An external spokesperson for Rothschild said: “I have been mandated to post to you that Rothschild & Co. does not comment on market speculations.” GIP has been present in the Indian clean energy space and led a group of investors to acquire Equis Energy for $5 billion in October 2017. The sale included liabilities of $1.3 billion and the Indian portfolio of the Singapore-based renewable energy developer, comprising green energy platforms Energon and Energon Soleq. GIP has also set up an office in India, its first in an emerging economy. It also acquired the infrastructure investment business of IDFC Alternatives Ltd and plans to raise an India-focused fund, besides investing in buyout opportunities. The two infrastructure-focused funds of IDFC Alternatives—India Infrastructure Fund and India Infrastructure Fund II—which have a total corpus of a little over $1.8 billion, have now transitioned to GIP. Globally, GIP manages over $51 billion for its investors. Mint had on 19 March last year reported about Engie’s plans to sell a stake in its solar power portfolio. With €60.6 billion in annual revenue, Engie is the world’s largest electricity generator outside government control, with an installed capacity of 115.3 gigawatts (GW). Of this, 22% is from renewable energy sources. Engie plans to set up capacity of 2GW in India by 2019. It also has a 280MW wind power portfolio. India has an installed renewable energy capacity of 74.79GW, of which solar and wind power account for 25.21GW and 35.14GW, respectively. India is running the world’s largest renewable energy programme and plans to achieve 175GW of renewables capacity by 2022 as part of its climate commitments. The government plans to award a mammoth 100GW of solar and wind contracts by March 2020. Given the ambitious 2022 target, the government’s strategy is to complete the bidding process by March 2020 so that developers have enough time to construct these projects. This article was first published on livemint.com

Read more at:

[sarkasm] 14/6/2019 21:07

LIVEMINT



India has an installed solar energy capacity of 25.21GW. (Photo: Abhijit Bhatlekar/Mint)
India has an installed solar energy capacity of 25.21GW. (Photo: Abhijit Bhatlekar/Mint)
US-based GIP in talks to buy Engie’s Indian solar power business
2 min read . Updated: 14 Jun 2019, 11:24 PM IST Utpal Bhaskar

French firm Engie Solar has an 1,100 megawatt solar portfolio in India of which 740MW is operational
Rothschild and Co. has been mandated to find a buyer for the assets

Topics
GIPNarendra Modi

NEW DELHI: American investor Global Infrastructure Partners (GIP) is in talks to buy the Indian solar power business of French energy firm Engie SA in a deal potentially worth around $500 million, a person aware of the development said.

GIP is interested in Engie Solar, which has an 1,100 megawatt (MW) solar portfolio in India, the person said on the condition of anonymity. Of this, 740MW is operational. Rothschild and Co. has been mandated to find a buyer for the assets.

Mint had earlier reported that private equity (PE) fund Actis Llp and Edelweiss Infrastructure Yield Plus Fund were in talks to buy the French firm’s Indian solar power business.

With the newly-elected Narendra Modi government articulating its vision for reliable and uninterrupted power supply to households in its second term, along with a focus on green energy sources, the interest in India’s emerging green economy continues unabated. Last week, sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority agreed to invest $495 million in Greenko Energy Holdings, in one of the largest funding rounds by an Indian clean energy producer.

In an emailed response, Engie India manager Malcolm Wrigley declined to comment on “market speculation". A GIP spokesperson, in an emailed response said: “We don’t comment on market speculation."

M.K. Sinha, managing partner and co-head, GIP India, did not respond to Mint’s queries.

An external spokesperson for Rothschild said: “I have been mandated to post to you that Rothschild & Co. does not comment on market speculations."

GIP has been present in the Indian clean energy space and led a group of investors to acquire Equis Energy for $5 billion in October 2017. The sale included liabilities of $1.3 billion and the Indian portfolio of the Singapore-based renewable energy developer, comprising green energy platforms Energon and Energon Soleq.

GIP has also set up an office in India, its first in an emerging economy. It also acquired the infrastructure investment business of IDFC Alternatives Ltd and plans to raise an India-focused fund, besides investing in buyout opportunities.

The two infrastructure-focused funds of IDFC Alternatives—India Infrastructure Fund and India Infrastructure Fund II—which have a total corpus of a little over $1.8 billion, have now transitioned to GIP. Globally, GIP manages over $51 billion for its investors.

Mint had on 19 March last year reported about Engie’s plans to sell a stake in its solar power portfolio. With €60.6 billion in annual revenue, Engie is the world’s largest electricity generator outside government control, with an installed capacity of 115.3 gigawatts (GW). Of this, 22% is from renewable energy sources. Engie plans to set up capacity of 2GW in India by 2019. It also has a 280MW wind power portfolio.

India has an installed renewable energy capacity of 74.79GW, of which solar and wind power account for 25.21GW and 35.14GW, respectively.

India is running the world’s largest renewable energy programme and plans to achieve 175GW of renewables capacity by 2022 as part of its climate commitments. The government plans to award a mammoth 100GW of solar and wind contracts by March 2020. Given the ambitious 2022 target, the government’s strategy is to complete the bidding process by March 2020 so that developers have enough time to construct these projects.

[waldron] 14/6/2019 13:39

New agreement moves ENGIE a step closer to achieving 2021 regional goals
June 14, 2019 0
engie north america
Image credit: Stock

ENGIE North America has signed a power purchase agreement (PPA) to expand its clean energy portfolio in Texas.

The PPA was signed with Target Solar for the provision of 89MW of solar energy generated at the Sand Fork Solar plant.

Once operational in 2021, the solar plant will generate energy to power customers of ENGIE North America for a period of 15 years.

Annually, the plant will generate 250,000MW for ENGIE customers, enough energy to power 250,000 homes for a whole month.

The project is expected to contribute to ENGIE achieving its goals set under the Client Solutions pillar which includes developing at least 2.5 GW of wind and solar capacities in the next 3 years in the US and Canada.

Worldwide, ENGIE has plans to add 9GW of renewables by 2021 to its existing 24GW as at the end of 2018.

“We truly value the opportunity to support Target in its commitment to source electricity from renewables,” said Gwenaelle Avice-Huet, CEO of ENGIE North America. “By serving Target with the Sand Fork Project, we’re proud to help shape a sustainable future for customers and communities and reinforce our ambition to lead the zero-carbon transition.”

[the grumpy old men] 14/6/2019 06:44

Engie inaugurates in Belgium the largest solar park in Benelux

By Le Figaro with AFP Posted on 13/06/2019 at 18:34



The French group Engie, which claims a leading role in renewable energies, today inaugurated in the north of Belgium the largest photovoltaic panels park in Benelux, for a metallurgist who consumes a lot of electricity. "With an installed capacity of 99.5 megawatts (MW), this park of 303,000 solar panels will produce 85,000 MWh annually, the equivalent of the annual consumption of 25,000 families," said a spokeswoman for Engie Benelux. The Kristal Solar Park, located in Lommel, near the border with the Netherlands, will supply directly to a zinc furnace operated in the same industrial area by the metallurgical company Nyrstar.

READ ALSO - The new departure of Engie

"The park will cover between 8 and 10% of the needs of the Nyrstar site. Other companies that will later settle on the site will also be able to connect directly to the solar park, "said the spokesperson. The Belgian subsidiary of Engie, for its part, will maintain the panels for 15 years. For Engie, which also operates Belgium's seven nuclear reactors, which are often singled out for their dilapidation, this solar park is emblematic of the renewable energy development strategy. In Belgium, the group already operates 153 wind turbines in 38 parks. It stands as "the largest renewable energy producer" in the country with "670 MW installed capacity".

In photovoltaics, the specialist subsidiary Engie Fabricom Solar Technics "has already installed no less than 900,000 panels, which represents 280 MW and a total CO2 reduction of 100,000 tonnes per year," the group says. In Belgium, at present, more than 50% of the electricity consumed is of nuclear origin, and the commitment of the political power to leave the nuclear industry by 2025 is regularly questioned in the economic circles. The strongest reluctance can be observed in Flanders, the Dutch-speaking north, the economic engine of the country, where Engie has installed its solar park. According to the group, this new installation "represents only 25% of Flanders' solar ambitions for 2019".

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Le Figaro with AFP

[grupo guitarlumber] 11/6/2019 06:16

AFRIK21


DJIBOUTI: Engie to build 30 MW solar power plant in Grand Bara

By Jean Marie Takouleu - Published on June 11 2019 / Modified on June 10 2019
DJIBOUTI: Engie to build 30 MW solar power plant in Grand Bara ©wadstock/Shutterstock
An agreement has recently been signed between the Djibouti government and the French company Engie, which specialises in energy production. The company will build a 30 MW solar power plant in the Grand Bara region, south of Djibouti.

The Government of Djibouti has signed a framework agreement with the French company Engie for the implementation of the first phase of the solar project located in the desert region of Grand Bara, in the south of the country. The agreement concerns the construction of a 30 MW photovoltaic solar power plant.

The solar power plant is part of a much larger project: the construction of a 300 MW solar complex. The overall investment is expected to amount to €360 million. It is an important project that is undergoing some changes and is keeping Djiboutians on the alert. Initially, in 2016, the first phase of the 50 MW project was awarded to Green Enesys, a German company. A ceremony for the laying of the foundation stone was even held, in the presence of Djibouti’s President Ismaïl Omar Guelleh.
An important project

Almost 3 years later, no solar panels have been installed in the Grand Bara desert and, logically, the situation of Djiboutians affected by interruptions in electricity supply has not changed much. Engie’s presence on the scene, however, brings hope. The 30 MW it will produce will enable Djibouti to reduce its dependence on Ethiopia, which supplies most of the electricity consumed in the country. Djibouti currently has an installed capacity of 126 MW, produced from thermal power plants.

The government of this East African country, however, aims to consume 100% electricity produced from renewable primary energy sources in the coming years. It is possible, since the country has enormous potential. These include solar energy, with a very sunny territory, and wind energy, with windy coasts. In fact, a 60 MW wind project is currently in the government’s hands. The project involves the construction of a wind farm in the Goubet golf course in the east of the country. Qatar has expressed its willingness to invest in this project….

The largest renewable resource in the country is undoubtedly geothermal energy, with an estimated potential of 1,000 MW. Djibouti is located at the junction of three major rifts, namely the Red Sea Rift, the Gulf of Aden Rift and the East African Rift. At the end of these tectonic plates is a volcanic area with fumaroles and geysers. Such energy trapped in the subsoil, particularly around Lakes Abbe and Assal, is a huge and so far untapped source of renewable energy.

[pvb] 07/6/2019 16:11

Uptight and outta sight!

[uppompeii] 07/6/2019 16:06

Bulletin board tight.

[sarkasm] 05/6/2019 05:05

solar energy
Tulare County to use solar energy at several facilities


With the hot blazing sunshine in the Central Valley, one county is taking advantage of the opportunity to make clean energy.
By Reuben Contreras
Updated 2 hours ago
TULARE COUNTY, Calif. (KFSN) -- With a flip of a switch, Tulare County is one step closer to using solar energy at several facilities.

The project has been several years in the making with ENGIE Service.

The solar company has worked with several government agencies throughout the state and that caught the eye of Tulare County leaders.

"I had seen many projects throughout our region," said county supervisor Kulyer Crocker. "Energy efficacy and generation projects and I knew we were missing an opportunity in Tulare County."

Tulare County has signed a 25-year contract with ENGIE that's expected to save the county $40 million in electricity during that time.

The county did not pay anything up front thanks to financing, but it will cost $2-$3 million a year to maintain the solar panels.

CEO of ENGIE John Mahoney says the county will get the money back with these solar panels saving energy at each site that includes the Tulare County Government Plaza.

"It includes energy storage. The three sites have energy back up battery storage," Mahoney said. "You essentially get to use solar-generated electricity even when the sun is not shinning."

ENGIE says the solar panels will also cut down on carbon generated emissions.

With the cut down on the cost of electricity, Tulare County leaders have a vision on where they'll direct the savings.

"Our biggest priorities are on public safety," Crocker said. "So I would imagine most of the savings are going to go back into facilities to rehabilitate and also help out with our public safety officials."

[sarkasm] 04/6/2019 19:32

Electric Power 04 Jun 2019 | 14:48 UTC London

Shell sees 'signficant' potential in electricity, but investing 'with care'

Author Stuart Elliott Editor Alisdair Bowles Commodity Electric Power

London — Shell sees potential for its fledgling electricity business to become "significant" in the future -- sitting alongside oil, gas and chemicals as a core business segment -- but the company plans to take a cautious approach to spending in the near future, CEO Ben van Beurden said Tuesday.
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Speaking Tuesday at Shell's management day in London, van Beurden said the traditional utility business model was changing, bringing more risk and complexity, but also the potential for higher returns.

But, van Beurden said, the returns Shell achieves will drive the pace of growth in the power sector.

"We will plan our steps carefully and we are investing with care. We have to prove the investment case before we scale up this business," he said.

"We cannot get ahead of ourselves. We have to see if we can prove these business hypotheses," he said.

Van Beurden said Shell plans to spend $2-3 billion per year on new energies from 2021 to 2025, up from a total spend of just $1.6 billion since it created its new energies business segment in 2016.

INVESTMENT CRITERIA

Speaking later Tuesday to analysts, Shell's head of integrated gas Maarten Wetselaar said that the rampup in spending would be subject to several criteria.

"First, that business must demonstrate that it is on a path to be self-funding before 2030," Wetselaar said.

"Secondly, our investments must meet certain financial milestones that we establish for every investment. And last -- and as we have said many times before -- it must deliver returns in the 8% to 12% range. All these three conditions will need to be met for us to scale up," he said.

Wetselaar also said trading would be at the heart of its integrated approach to electricity as the company looks to be "asset-light" in the power sector.

"We will be involved in generating electricity with assets where this adds portfolio value and where the returns meet our criteria, but always with a preference to be asset-light and buy the balance of the power from other producers," he said.

Shell CFO Jessica Uhl added that gas-fired power generation assets could form part of Shell's power strategy in the future, but that owning CCGT assets was "not a priority.""There may be CCGT in there," Uhl said, pointing instead to Shell's existing portfolio of wind and solar power generation assets, including in the Netherlands and the US.

SMART SOLUTIONS

Wetselaar said Shell's core markets for electricity supply were in Northwest Europe, the US and Australia, countries where Shell's customers want "low-carbon alternatives.""Beyond these markets, we may be involved in select markets where the opportunity makes sense," he said.

Shell is also looking to expand into other areas of the power value chain, including in smart battery storage systems and electric vehicle charging in Europe and the US.

"Now we are looking to stitch these together, for example, by offering our Shell energy customers energy solutions to charge an electrical vehicle along major highways and at various charging points in addition to providing them with 100% renewable electricity and offer them a solar battery in the process," Wetselaar said.

--Stuart Elliott, [e-mail]

--Edited by Alisdair Bowles, [e-mail]

[maywillow] 03/6/2019 11:11

03 Jun, 2019
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03 Jun, 2019 10:43 03 Jun, 2019 10:43
Total SA launches operations at 25-megawatt Japanese solar power plant
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Energy firm Total SA has kicked off commercial operations at its 25-megawatt peak solar power plant on Japan's Honshu Island.
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Total's Miyako plant, completed two years after beginning of construction, will generate enough clean and reliable electricity to serve over 8,000 homes and has been designed to fully meet Japan's stringent earthquake-resistant building standards.

Jointly owned by Total Solar and Chubu Electric Power, one of Japan's largest electric power utilities, the Iwate Prefecture plant signals part of Total's ambitions to become a "responsible energy major".

Total told investors it plans to build "a profitable low carbon electricity business" and aims to see 15-20% of its sales mix coming from renewable sources by 2040.

Looking forward, the outfit intends to invest between $1.5bn and $2bn dollars per year in low carbon electricity from gas and renewables.

[la forge] 27/5/2019 16:13

French firm to scale up PH solar investments
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Published May 27, 2019, 10:00 PM

By Myrna M. Velasco

French multinational electric utility firm Engie will scale up its solar installations in the Philippines, with a grander aim of becoming one of the major players of this flourishing sector in the country.

“We are basically looking to expand our RE (renewable energy) portfolio asset with our partners as investors,” Bert Deprest, head of Renewable Energy Solutions of Engie Southeast Asia, has indicated.

The French company is in a tie-up with the FDC Utilities, Inc. of the Filinvest Group of the Gotianuns on the massive scale solar installations in the country. FDCUI holds 60 percent equity in their joint venture (JV) firm; while Engie has 40 percent stake – the level of allowable shareholdings that foreign firms could have in RE investments in the Philippines.

The Engie-Filinvest joint venture company currently has 6.0-megawatt capacity in their solar portfolio – and the kick-off point had been mostly on rooftop solar installations.

The next target, according to Deprest, will be on utility-scale solar deployments in targeted sites across Luzon, Visayas and Mindanao grids – although he has not disclosed yet the extent of what they have been mapping up on blueprint.

“We’re actively looking for utility scale, we also have a wide pipeline on that,” Deprest said, qualifying that “I cannot give a figure yet to that but we all have different projects that we’re currently investigating for development,” he said.

On continued solar rooftop installations, Deprest noted that the JV firm is “in the process of pre-commercial developments,” and the prospective projects are for “commercial and industrial customers in the three regions.” He expounded that “Engie is actually active in Luzon through our district cooling operations; then we basically have facility management operation in the Cebu area; and then our partner Filinvest is in Mindanao.”

The solar investment space is seen to be in a tougher arena of competition moving forward with the Renewable Portfolio Standards (RPS) kicking in to implementation phase next year.

The enticement for RE investors to come to the Philippines could also be complemented by other policies that are due for enforcement, such as the net metering system and the Green Energy Option Program (GEOP) that will then bestow the “power of choice” for Filipino consumers to patronize green energy sources in securing their electricity service.

Engie is one of the world’s biggest players in the energy sector – and its experience and track record in the RE space would be highly beneficial to its partner on targeted investments rollout in the Philippines.

[florenceorbis] 27/5/2019 12:27

Solar panels lead charge into green vehicles
Emily Gosden, Energy Editor

May 27 2019, 12:01am, The Times

Climate change
Energy
Economics

Centrica is launching products including installing solar panels to generate more electricity during the day


Giant batteries and solar panels could charge electric vehicles at shopping centres and offices under plans by Britain’s biggest energy supplier.

Centrica, which owns British Gas, is to work with businesses and other organisations to bolster their charging facilities after its research found that 75 per cent of companies with vehicle fleets were considering going electric amid pressure to tackle air pollution. Many have inadequate connections to charge multiple vehicles at once, and upgrading the supply network can be costly and time-consuming.

Centrica is launching products including installing solar panels to generate more electricity during the day and giant batteries that can store electricity for use at peak times. The company also aims to increase workplace-charging at office car parks and businesses that use fleets…

[solsticefire] 15/5/2019 20:09

Spamtight?

[uppompeii] 15/5/2019 08:12

It's watertight and airtight..