March 1 Energy News

March 1, 2021

Opinion:

¶ “Will Tesla Hit Elon’s 20 Million Vehicles Per Year By 2030 Target?” • One of the bolder targets announced by Tesla CEO Elon Musk last year was to reach a 20 million-vehicle-per-year production capacity before 2030. He projected 30 million EVs sold annually by all companies in six to seven years. Are those goals really possible? [CleanTechnica]

Projected price decline (ARK Investment Management image)
Please click on the image to enlarge it.

Science and Technology:

¶ “Atlantic Ocean Circulation Weakest In A Millennium” • The Atlantic Ocean circulation underpinning the Gulf Stream is weaker than at any point in the last 1,000 years largely due to climate change, and that could cause disastrous sea level rise along the US Eastern Seaboard, new research published in the journal Nature Geoscience says. [CleanTechnica]

World:

¶ “Greencoat Renewables Hails Stellar Year” • Irish investor Greencoat Renewables increased both power and income last year on the back of a string of acquisitions, according to annual results. Output from its wind farms was up 22% to 1,404 GWh while net cash flow was up 36% to €66.4 million. Its portfolio grew to a capacity of 557 MW. [reNEWS]

Wind farm (Greencoat Renewables image)

¶ “Profits Surge At European Energy” • Danish energy developer European Energy had a 38% increase in operating profit to €61.2 million last year, exceeding its own guidance. It said the result was “remarkable” given the economic hit from Covid-19. Gross profit was up 29% to €73.9 million, and equity stood at €235.3 million, a 71% rise since the end of 2019. [reNEWS]

¶ “RWE Notches First Power At Triton Knoll” • RWE Renewables has delivered first power from the 857-MW Triton Knoll offshore wind farm off east England. The generation milestone follows the successful delivery of electrical infrastructure on schedule, despite the construction challenges during the Covid pandemic, the German company said. [reNEWS]

Offshore wind turbine (RWE Renewables image)

¶ “Tokyo Electric Completes Nuclear Fuel Removal From Fukushima Daiichi No 3 Storage Pool” • TEPCO has completed removal of fuel assemblies from the storage pool of the No 3 reactor building at the Fukushima Daiichi nuclear plant, it said. As scrapping the plant goes on, removal of damaged fuel from reactors has not even begun. [Kyodo News Plus]

¶ “Vestas Books First EnVentus Deal In Ukraine” • Vestas has signed a contract to supply turbines from its EnVentus turbine platform to Tiligulska Wind Electric Plant, a subsidiary of DTEK Renewables, for the 126-MW Tiligulska wind farm in Ukraine. The deal includes supply, installation and commissioning of 21 V162-6.0MW machines. [reNEWS]

V150-5.6 MW prototype installation

India:

¶ “Indian Renewable Developer Proposes Investment of $570 Million In Solar Modules, Lithium-Ion Battery Plant” • ReNew Power proposed to set up a solar PV production facility in Gujarat with 2–4 GW per annum capacity and another facility to produce lithium-ion batteries. The investment will be around ₹40 billion ($570 million). [CleanTechnica]

¶ “Indian Wind Generator Plans $600 Million Green Bond” • Indian wind energy generator Continuum Wind Energy plans to issue its first green bond, backed by the International Finance Corporation. Media reports say Continuum will issue a green bond to raise $500-600 million. The company operates 371 MW of renewable capacity currently. [CleanTechnica]

Wind turbine in India (Rajavel vanaraj, CC-BY-SA 4.0)

¶ “India Plans Green Hydrogen Auctions” • According to media reports, the minister for new and renewable energy, RK Singh, said his government is exploring the possibilities for a green hydrogen auction over the next three to four months. He is in discussions on a mandate for companies to buy set minimum quantities of green hydrogen. [CleanTechnica]

US:

¶ “GreenPower Ramping Up Electric Commercial Vehicles, Electric School Buses, Autonomous Transit …” • Forest River, Inc, a Berkshire Hathaway company with revenues exceeding $5 billion, signed a purchase agreement with GreenPower for 150 GreenPower EV Star Cab and Chassis. If all goes well, that could be just a start. [CleanTechnica]

GreenPower AV Star (GreenPower image)

¶ “Community Microgrids – ‘Cornerstone Of Future Energy Operations'” • A full description of microgrids would go beyond their use for energy resilience to make them the “cornerstone of future energy operations.” The Solar Energy Technologies Office announced in 2020 it would award $34 million for integration projects, including community microgrids. [CleanTechnica]

¶ “EDPR In 204-MW US Power Play” • EDPR secured a power purchase agreement for a 204-MW wind project in Indiana. The contract will last 15 years and the unnamed project is expected to start in 2023. EDPR, which is a Portuguese company, now has 2.3 GW of total capacity secured in the US set to be operational from 2021 onwards. [reNEWS]

View from a wind turbine (EDPR image)

¶ “Houston Chronicle Says Texas Failed To Build In Energy Efficiency To Plan For Climate Extremes” • It was “paradoxical” that Texas authorities asked their citizens to conserve energy in the hope of avoiding blackouts this month, says the Houston Chronicle, as most of their buildings lack sufficient insulation and other necessary features to do so. [CleanTechnica]

¶ “Helping Wisconsin Schools Go Solar” • To help lower carbon emissions and cost of energy, the Midwest Renewable Energy Association is trying to get as many Wisconsin schools to go solar as possible. MREA began ‘Solar on Schools’ in 2019 and offers $20,000 grants to help pay for installation. One school in Central Wisconsin is already seeing benefits. [WBAY]

Have satisfactorily resplendent day.

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