Renewables now News
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The solar cart, a wheeled solar-powered generator with panel, batteries, inverter.
By westbywest on 2007-09-29 13:02:35
Renewables now News
<p>March 31 (Renewables Now) – Massachusetts governor Charlie Baker on Friday signed climate change legislation that allows the state to procure an additional 2,400 MW of offshore wind by 2027.</p>
<p>This increases the state’s required authorisation by 2027 to 4,000 MW.</p>
<p>The comprehensive legislation, An Act Creating a Next Generation Roadmap for Massachusetts Climate Policy, codifies into law Massachusetts’ commitment to achieve net zero emissions in 2050 and sets new interim goals for emissions reductions. The law draws on two reports, 2050 Decarbonization Roadmap Report and 2030 Clean Energy and Climate Plan, released at the end of 2020.</p>
<p>Massachusetts utilities have so far conducted two offshore wind solicitations and selected two projects — Vineyard Wind and Mayflower Wind, each of 800 MW.</p>
<p>A third offshore wind power request for proposals (RFP) has earlier this year been filed for approval with Massachusetts’ Department of Public Utilities. It will seek project proposals of up to 1,600 MW and, under the proposed schedule, will be launched in May this year.</p>
<p>The administration of US President Biden, meanwhile, on Monday unveiled an ambitious plan for the offshore wind industry, calling for the deployment of 30 GW of offshore turbines by 2030.</p>
<p>The Solar Energy Industries Association (SEIA) said that the Massachusetts climate legislation brings tax certainty to solar customers in the state but called for additional policies like creating targets for solar deployment.</p>
<p>According to the SEIA, there will be no property tax increases for homeowners and small businesses that install solar, while Massachusetts’ main solar incentive scheme, the Solar Massachusetts Renewable Target, will now serve more low- to moderate-income families.</p>
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<p>March 31 (Renewables Now) – German renewables developer and operator Energiekontor AG (ETR:EKT) today reported very significant improvements in its key figures for 2020 and expressed optimism about its future earnings.</p>
<p>The Bremen-based company posted earnings before taxes (EBT) of about EUR 31.3 million (USD 36.7m) for 2020 compared to EUR 0.8 million a year earlier, and group earnings of EUR 20.4 million compared to EUR 0.2 million in 2019. Sales more than doubled to EUR 135.1 million from EUR 63.7 million.</p>
<p>Energiekontor expects growth in earnings of 10% to 20% in the current fiscal year, it said.</p>
<p>The company noted that in 2020 its pipeline grew to around 6,000 MW, with projects in the established markets of Germany and the UK, as well as in newer ones such as France and the US. Last year, it commissioned and sold two wind farms and four solar parks totalling 44 MW and signed power purchase agreements (PPAs) for a 41.5-MW solar plant in Mecklenburg-Western Pomerania and a 4.5-MW wind park in Wales. At the same time, it achieved financial close for seven wind projects and one solar scheme with a combined capacity of 90 MW, while winning 117.5 MW in tenders held by the Federal Network Agency.</p>
<p>Energiekontor’s supervisory and management boards plan to propose a dividend distribution of EUR 0.80 per share to the annual general meeting scheduled for May 20, 2021.</p>
<p>(EUR 1.0 = USD 1.183)</p>
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<p>March 31 (Renewables Now) – Italian renewables company Enel Green Power has been granted a definitive concession to build a 116.45-MW solar farm in Peru, the Peruvian ministry of energy and mines announced.</p>
<p>The project, dubbed the Clemesi Solar Station, will bring an investment exceeding USD 95.3 million (EUR 81.3m). The developer, through local unit Enel Green Power Peru SAC, will built the plant in the district of Moquequa in the namesake department.</p>
<p>Commercial operations are due to start 25 months from the date of the signing of the concession contract, the ministry said.</p>
<p>Once Clemesi starts production, it will be become one of the largest solar farms in Peru, according to the ministry’s announcement.</p>
<p>(USD 1.0 = EUR 0.853)</p>
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