Conor Davis’ Post

French company Voltalia has confirmed its success in Tunisia’s latest renewables auction with a 139 MW solar project in Menzel Habib. The latest award follows Voltalia’s success with the Sagdoud project earlier in 2024. The Menzel Habib project will be located in the Gabès region in south-eastern Tunisia. Once online, Menzel Habib will generate enough energy to meet the annual electricity needs of more than 620,000 people while preventing 360,000 tonnes of CO2 emissions per annum. Construction work on the 139 MW solar plant is slated to begin in late 2025, with the project expected to be commissioned in 2027. The electricity generated will be sold under a 25-year power purchase agreement (PPA). Sebastien Clerc, Chief Executive Officer of Voltalia, said: “We are delighted to have won this new project. I would like to congratulate the teams, who have once again demonstrated their commitment and creativity.” #cleanenergy

Will we be able to meet the renewable energy capacity target in 2030 ❓ 🤔 IRENA's Renewable Energy Statistics 2024 report reveals that to meet the UAE Consensus energy target set at COP28, the world must achieve a minimum annual growth rate of 16.4% in renewable energy until 2030. The unprecedented 14% increase of renewables capacity during 2023 established a 10% compound annual growth rate (2017-2023). Combined with the constant decreasing additions of non-renewable capacity over the years, the trend sees renewable energy on its way to overtake fossil fuels in global installed power capacity. However, if last year’s 14% increase rate continues, the tripling target of 11.2 Terawatts (TW) in 2030 outlined by IRENA’s 1.5°C Scenario will fall 1.5 TW short, missing the target by 13.5%. Furthermore, if the world keeps the historic annual growth rate of 10%, it will only accumulate 7.5 TW of renewables capacity by 2030, missing the target by almost one-third. Check the report here 👉 https://lnkd.in/d7EXtFPC

Hyperion Renewables is pleased to announce that it has been awarded a Contract for Difference (CfD) by the Romanian Ministry of Energy for its solar project, CEF Saliste. 🇷🇴☀️ This achievement underscores Hyperion's commitment to contribute to Romania’s energy transition. The Saliste Project is one of 11 solar projects selected under Romania's first CfD auction and is poised to contribute to the country's renewable energy landscape. The project aligns with Romania's goals for sustainable development and energy security.💡   Project Highlights: 📌 Project Name: Saliste 📍 Location: Saliste, Sibiu County ⚡ Installed Capacity: 34.22 MW 🌞 Estimated Annual Energy Production: 44.6 GWh 📅 Expected Commissioning Date: September 2026 Aytea Alvarez-Amandi B., CEO at Hyperion Renewables, stated: "Securing this CfD award is an important milestone for our company, marking our first investment in Romania. This achievement underscores our strategic commitment to supporting Romania's energy transition." Duarte Mourão, Director at Hyperion, added: "The Saliste Project reflects our growing pipeline and our capability to deliver high-quality renewable energy projects. We look forward to successfully implementing this project and accelerating the remaining pipeline."   Official source for CfD Results: https://lnkd.in/dQ-f9Nqa #HyperionRenewables #Romania #CfD #EnergyTransition #Solar

Masdar acquires 70% stake in Terna Energy: Abu Dhabi-based Masdar has taken a majority stake in Greek renewable energy company Terna Energy, with plans to launch an all-cash mandatory tender offer to acquire the outstanding shares. #RenewableEnergy #Photovoltaic #Technology

Philippines-based Aboitiz Power Renewables Inc (ARI), the renewable energy arm of AboitizPower Corporation, has energised the 173 MWp Calatrava Solar Project in Negros Occidental. “Calatrava is our fifth energised solar facility and the largest capacity thus far in AboitizPower’s growing solar generation portfolio,” said ARI President Jimmy Villaroman. “It adds more clean energy to the power mix, as well as valuable green jobs to the community.” Villaroman added: “This project would not be possible without the help of the National Grid Corporation of the Philippines. They have helped us energise the facility to deliver power through the Calatrava substation.” AboitizPower has energised 512 MW of power projects in 2024 alone, including the 159 MWp Laoag Solar and 94 MWp Cayanga-Bugallon Solar power plants in Pangasinan, the 17-MW Tiwi Binary Geothermal Power Plant in Albay, the 24 MW Magat battery energy storage system in Isabela by SN Aboitiz Power, and the 45 MWp Armenia Solar Project in Tarlac. AboitizPower currently boasts over 1 GW of disclosed renewable energy projects across various sources, including solar, hydro, geothermal, wind, and energy storage systems. The company has a target to add 3.6 GW of new renewable energy capacity by 2030. #cleanenergy

New articles from Transformers Magazine: Masdar completes Terna Energy acquisition Emirati state-owned renewable energy project developer Masdar has acquired a majority stake in Greek renewable power firm Terna Energy. Read more here: https://lnkd.in/dRhWzvT3 Check out more news in the comments! #acquisition #Renewables TERNA ENERGY, Masdar (Abu Dhabi Future Energy Company), Mohamed Jameel Al Ramahi

UAE launches world’s first renewable energy facility for round-the-clock power #solar #solarenergy #solarpower #solarpv #pvsolar #renewableenergy #greenenergy #india #mnre #solarcells #pmsuryaghar #pdo #pdoenergy #pdointl #reepa #pmsuryaghar #residentialsolar #solarrooftop #rooftop #rooftopsolar #zerobills #solarsubsidy

Iberdrola has reached record investments of €12.3 billion over the past year, primarily focused on the UK and US, resulting in a net profit of €5.4 billion. This investment mainly supports networks and renewable energy projects in these regions.💷 Additionally, renewable energy production has grown to 63,300 GWh in the first nine months of the year, marking a 7% increase compared to the same period last year.⚡♻️🔥 To read the article in full, click the link below! #renewableenergy #growth #energyinvestment https://lnkd.in/dKqbtPgx

🌍Angola boosts electrification and renewable energy Angola’s government targets a 72% electrification rate by 2050, with renewables expected to comprise 94% of power production. The country is also exploring solar and hydro projects, with potential for green hydrogen production. 🔗Read all the recent developments here: https://ow.ly/KNWi50TfiHQ From #NewEnergyWorld, the magazine of the #EnergyInstitute.

https://lnkd.in/eKCcbMhg Power Reports Botswana Renewables Readiness Assessment: Botswana Botswana has considerable unexploited renewable energy potential, especially as solar, wind and bioenergy and aims to use these renewables to achieve economic energy security and independence. Botswana announced at the end of 2020 that renewable energy would account for at least 15% of the country’s energy mix by 2030, with 50% renewable energy contribution to the energy mix by March 2036. #africanpowerplatform #africapowerplatform #energyaccess #PowerAfrica #PAYG #energy #cleanenergy #Africa #renewables #renewable #renewableenergy #electricity #electrification #minigrids #microgrids #offgrid #solar #wind #biomass #solarpower #solarenergy #windpower #windenergy #hydropower #hydroenergy #SE4ALL #SDG7 https://lnkd.in/eKCcbMhg