Following the successful collaboration between Sustainable Marine Energy (SME), SCHOTTEL HYDRO and Black Rock Tidal Power to develop and demonstrate the PLAT-I floating tidal energy system, with deployments in Scotland and in Canada, SCHOTTEL has made a strategic decision to merge its tidal energy businesses into SME. SCHOTTEL has transferred all its tidal energy assets, including UK subsidiary TidalStream Ltd and Canadian subsidiary Black Rock Tidal Power Inc (BRTP), to SME in return for equity, becoming SME’s largest shareholder. BRTP’s name has been changed to Sustainable Marine Energy (Canada) Ltd. SME will be commercialising the tidal turbine technology developed by…
Author: @WoRenewables
@WoRenewables
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Visionaries like Elon Musk, who are aiming for a world powered by sustainable energy, would be proud of the industry’s progress in 2018. Over the course of the year, investments flowed into research, the prices of batteries declined, governments across the globe supported clean energy solutions, and electric vehicles such as the Tesla Model 3 led the charge in transitioning the transportation sector away from fossil fuels. A study from Bloomberg New Energy Finance has noted that in 2018, global annual energy storage more than doubled, reaching 9 GWh, and it is currently on pace to rise another 78% this…
North America, western Europe and Asia Pacific are expected to account for nearly 90 percent of the new long-duration energy storage capacity installed globally over the next eight years. A new report from Navigant Research found that most new projects being installed fall into the four-hour to eight-hour duration categories, with most of those served by lithium-ion batteries. Some reports forecast that large-scale energy storage costs will drop more than 50 per cent to $160 per kWh or lower by the middle point of the 2020s. “This type of storage provides the necessary flexibility to manage dynamic resources effectively,” says Alex Eller, senior research…
A study released Wednesday by North Carolina State University and North Carolina Central University found the market for energy storage in the state could exceed 1 GW by 2030. The study laid out potential use-cases for a variety of energy storage technologies, as well as cost-benefit analysis of those applications. While several storage C&I applications are currently cost effective, the research determined residential battery storage paired with rooftop solar doesn’t pencil out with the state’s electricity rates. The study was mandated by a 2017 law, the Competitive Energy Solutions Plan (HB 589), which boosted solar development in the state, but put a moratorium…
The Dabar power plant on the Trebisnjica river will be part of a planned 250 MW hydropower complex, Gornji Horizonti, which is designed to also incorporate two smaller hydropower plants, Nevesinje and Bileca. New Delhi: Bosnian hydropower company HE Dabar on Friday invited bids for the construction and financing of its 160 megawatt (MW) plant in southeastern Bosnia at an estimated cost of 366 million marka ($213 million). The Dabar power plant on the Trebisnjica river will be part of a planned 250 MW hydropower complex, Gornji Horizonti, which is designed to also incorporate two smaller hydropower plants, Nevesinje and Bileca. The…
GWEC releases new data showing impact of retrospective changes to Feed-in-Tariffs (FiT) in other markets and the costly consequences that could face Taiwan The offshore wind industry could bring some NT$880bn of inward investment into Taiwan by 2025 and create some 20,000 jobs Proposed reduction in FiT of 12.7% and unexpected changes to FiT structure put offshore wind target of 5.5GW at risk and undermine investment climate for Taiwan’s economy Taiwan needs to build critical mass in offshore wind and create local supply chain in order to achieve European price levels Government must seek consensus on changes to FiT levels…
Wiseguyreports.Com Adds “Advanced Energy Storage -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024” To Its Research Database The global Advanced Energy Storage market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. This report focuses on Advanced Energy Storage volume and value at global level, regional level and company level. From a global perspective, this report represents overall Advanced Energy Storage market size by analyzing historical data and future prospect. Regionally, this report categorizes the production, apparent consumption, export and…
A new report published by global market consultancy Allied Market Research is revealing a very promising future for the renewables industry with hydro and ocean power leading the way. There is no doubt that renewable energy is constantly on the rise. From Scottish Power going 100% green to Apple’s renewed commitment to investing in clean energy, the news is filled with renewables-friendly announcements. In addition, continued innovations related to the filed are logically only making renewable power source safer, more efficient, more easily accessible and more affordable. What does all this mean for the renewables industry? Well, according to a new report published by Allied Market…
BBOXX, a next generation utility platform, has been announced as the winner of the Zayed Sustainability Prize in the Energy category at a prestigious awards ceremony today in Abu Dhabi, UAE. The prize is one of the most coveted awards globally and it recognises pioneering solutions and technologies that can change the world. It has rewarded innovators and visionaries whose achievements have furthered the “the global proliferation of innovative, impactful and inspirational sustainability solutions” for more than a decade. BBOXX was cited as being “a fast-growing company that has successfully deployed a plug and play solar device – the BBOXX…
Net sales of $3.25 to $3.45 billion EPS of $2.25 to $2.75, inclusive of plant-start up and ramp costs of approximately $120 million Ending net cash of $1.6 to $1.8 billion First Solar, Inc. has announced full-year 2019 guidance. Forecasted net sales for 2019 are $3.25 to $3.45 billion, with solar power systems net sales expected to comprise approximately 55% to 60% of the total net sales and third party module sales the remainder. Earnings per share (“EPS”) is forecasted to be between $2.25 and $2.75. The EPS guidance provided is inclusive of production ramp costs of $20 to $30 million and production start-up expenses of $90 to $100 million,…
