Tags Posts tagged with "energy transition"

energy transition

FuturENERGY Dec.19 - Jan. 2020

Our vision is clear: 2020 must be the year of commitment to the energy transition and the fight against climate change, a key year in which to progress towards a zero-emissions energy model. For this we have to advance the decarbonisation of the energy mix while guaranteeing the safety and quality of the supply, for which energy storage systems will be key players… By Agustí Robirosa. Cluster Manager at AEPIBAL, the Spanish Batteries and Energy Storage Business Association.

 

FuturENERGY Dec.19 - Jan. 2020

December saw Madrid provide the backdrop for the COP25, which concluded with good news in the launch of the “Chile-Madrid Time for Action” agreement. Another important milestone of this summit was the presentation by the European Commission of the main implementation lines of the European Green Deal, through which Europe will become the first climate-neutral continent in the world. The negative point of the COP25 was the lack of commitment initially demonstrated by the most pollutant countries – something we hope will change for the next summit, COP26… By Carlos Ballesteros. Director of ANESE, the Spanish Association of Energy Services Companies.

 

FuturENERGY Dec.19 - Jan. 2020

I started this article just after returning from the “unrestricted” green zone, the COP25, and the truth is that it has been a bittersweet experience. The Forum is a melting pot of issues, where apart from promoting the emissions reduction, it also addresses the problem of indigenous populations and personal experiences linked to the environment (extended stays in Antarctica, swimming across the continents…), all of which are very commendable but which leave a huge doubt hanging over what will happen outside of this setting. There is no need to go too far to find uncertainty: my bicycle fills the bike park, but there is only room for six bikes and a scooter: few wheels for so much sustainability… By Alberto Ceña. General Secretary of AEMER, the Spanish Renewable Energy Maintenance Association.

 

FuturENERGY Dec.19 - Jan. 2020

Another year on, CSP plants in Spain have continued to demonstrate their reliability, achieving peak contributions of around 10%. During the summer months they usually supply more than 7% during a large part of the day, with synchronous generation and the provision of mechanical inertia to strengthen the system’s stability… By Luis Crespo. Chair of Protermosolar.

 

FuturENERGY Dec.19 - Jan. 2020

2019 has represented a fundamental year for driving the growth of wind power in Spain. The year has been characterised by several major milestones for the Spanish wind power sector: the ambitious European commitment to achieve the binding renewable energy target of 32% by 2030; the development of the draft National Integrated Energy and Climate Plan (PNIEC in its Spanish acronym) as the appropriate pathway to positioning Spain as leader in renewable energy; and the solution to the stability of the rate of reasonable return with the approval of Royal Decree-Law 17/2019 which extends the current rate of reasonable return for renewable energy, CHP and waste-to-energy plants for the next 12 years. These are all steps in the right direction and, in part, the result of dialogue between institutions and industry, a prerequisite for the success of the desired energy planning… By Juan Virgilio Márquez. CEO of AEE, the Spanish Wind Energy Association.

 

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The share of renewables in global power should more than double by 2030 to advance the global energy transformation, achieve sustainable development goals and a pathway to climate safety, according to the International Renewable Energy Agency (IRENA). Renewable electricity should supply 57 per cent of global power by the end of the decade, up from 26 per cent today.

A new booklet 10 Years: Progress to Action, published for the 10th annual Assembly of IRENA, charts recent global advances and outlines the measures still needed to scale up renewables. The Agency’s data shows that annual renewable energy investment needs to double from around USD 330 billion today, to close to USD 750 billion to deploy renewable energy at the speed required. Much of the needed investment can be met by redirecting planned fossil fuel investment. Close to USD 10 trillion of non-renewables related energy investments are planned to 2030, risking stranded assets and increasing the likelihood of exceeding the world’s 1.5 degree carbon budget this decade.

Additional investments bring significant external cost savings, including minimising significant losses caused by climate change as a result of inaction. Savings could amount to between USD 1.6 trillion and USD 3.7 trillion annually by 2030, three to seven times higher than investment costs for the energy transformation.

Falling technology costs continue to strengthen the case for renewable energy. IRENA points out that solar PV costs have fallen by almost 90 per cent over the last 10 years and onshore wind turbine prices have fallen by up half in that period. By the end of this decade, solar PV and wind costs may consistently outcompete traditional energy. The two technologies could cover over a third of global power needs.

Renewables can become a vital tool in closing the energy access gap, a key sustainable development goal. Off-grid renewables have emerged as a key solution to expand energy access and now deliver access to around 150 million people. IRENA data shows that 60 per cent of new electricity access can be met by renewables in the next decade with stand-alone and mini-grid systems providing the means for almost half of new access.

Source: IRENA

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The European Investment Bank (EIB) will finance Ingeteam’s innovative activities by providing a EUR 70m Innovation Loan under the Investment Plan for Europe. The goal of the agreement signed today in Bilbao is to support Ingeteam’s research, development and innovation (RDI) programme focused on developing new solutions to meet the needs of the energy transition. The project, signed today in Bilbao, is backed by the Juncker Plan’s European Fund for Strategic Investments (EFSI).

The EU bank financing will enable this Spanish company to become more competitive in the renewable energy applications segment and to internationalise its business, offering state-of-the-art technologies for more sustainable energy generation, transmission, distribution and use. In concrete terms, these RDI investments will help develop new solutions for energy storage, electric mobility, offshore wind power and industry 4.0. All of this will contribute to developing more efficient, less energy-intensive production processes and cutting polluting emissions.

The investments will be implemented from this year up until 2022 at the company’s plants in the Basque Country, Navarra and Albacete. Ingeteam will benefit from the favourable conditions of EIB financing in terms of both long maturity periods and interest rates thanks to the Investment Plan for Europe, or Juncker Plan, which enables this EIB to offer increased support for investments fostering innovation, economic growth and jobs. This project will help secure the jobs of the company’s almost 4,000 employees.

Speaking about the agreement, EIB Vice-President Emma Navarro, who is responsible for the Bank’s activities in Spain, highlighted “the need to support investments in innovation that facilitate the transition to a low-carbon economy to promote climate action and create wealth and jobs. Financing clean projects like this is a great example of the EIB’s priorities and is another step forward in the consolidation of its role as the EU’s climate bank. To this end we are happy to assist this Spanish company that – thanks to this project – will be able to become more competitive and help lead the European technology industry sustainably.”

Miguel Arias Cañete, European Commissioner responsible for Climate Action and Energy, said: “We need companies like Ingeteam to keep developing new ways to help industry meet our climate objectives. I am proud that a Spanish company is at the forefront of this innovative research and development, and that the EU, via the EIB and the Juncker Plan, is providing financial support.

Financing innovation

An EIB Innovation Loan supports research and innovation (RDI) in EU priority areas to address social and economic challenges of today and tomorrow. EIB financing is supporting investments in RDI that strengthen Europe’s long-term competitiveness, promote knowledge diffusion, drive economic growth and create jobs. With an EIB Innovation Loan, companies can benefit from long tenors and flexible conditions matching the longer and uncertain payback periods of RDI. The Innovation Loan is subject to a technical viability and quality assessment by the Bank’s Projects department, which has years of broad expertise in assessing RDI programmes across a multitude of sectors and company sizes, in the EU and worldwide.

The EIB and climate action

The EIB is among the multilateral institutions providing the most finance for climate action worldwide. The Bank’s goal is to be a leader in mobilising the finance needed to keep global warming to under 2 ˚C and limit temperature rises to 1.5 ˚C to meet the Paris Agreement objectives. At September’s Climate Action Summit in New York, the EIB Group announced that it intends to expand its climate action, gradually increasing the financing it dedicates to climate and environmental objectives to 50% of its activity by 2025 and mobilising up to EUR 1tn by 2030 to support investments helping to achieve these goals. It also announced its intention to align all EIB Group activities with the Paris Agreement.

Source: EIB

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The energy transition requires more than 10 times solar and 5 times wind power in combination with other technology measures to limit global warming to well below 2°C and meet the targets of the Paris Agreement, according to DNV GL’s latest Energy Transition Outlook: Power Supply and Use report. The report finds that the energy transition is gathering pace more quickly than previously thought but the rate is still too slow to limit global temperatures rising by well below 2°C as set out in the Paris Agreement.

At the projected pace, DNV GL’s forecast indicates a world that is most likely to be 2.4°C warmer at the end of this century than in the immediate pre-industrial period. The technology already exists to curb emissions enough to hit the climate target. What is needed to ensure this happens are far-reaching policy decisions.

DNV GL recommends that the following technology measures are put in place to help close the emissions gap, the difference between the forecasted rate at which our energy system is decarbonizing and the pace we need to reach, to limit global warming to well below 2°C as set out by the Paris Agreement.

This combination of measures includes:

  1. Grow solar power by more than ten times to 5 TW and wind by 5 times to 3TW by 2030, which would meet 50% of the global electricity use per year.
  2. 50-fold increase in production of batteries for the 50 M electric vehicles needed per year by 2030, alongside investments in new technology to store excess electric energy and solutions that allow our electricity grids to cope with the growing influx of solar and wind power.
  3. Create new infrastructure for charging electric vehicles on a large scale.
  4. More than 1.5 MM$ of annual investment needed for the expansion and reinforcement of power grids by 2030, including ultra-high-voltage transmission networks and extensive demand-response solutions to balance variable wind and solar power.
  5. Increase global energy efficiency improvements by 3.5% per year within the next decade.
  6. Green hydrogen to heat buildings and industry, fuel transport and make use of excess renewable energy in the power grid.
  7. For the heavy industry sector: increased electrification of manufacturing processes, including electrical heating. Onsite renewable sources combined with storage solutions.
  8. Heat-pump technologies and improved insulation.
  9. Massive rail expansion both for city commuting and long-distance passenger and cargo transport.
  10. Rapid and wide deployment of carbon capture, utilization and storage installations.

The staggering pace of the energy transition continues. DNV GL’s report forecasts that by 2050 power generation from solar photovoltaic and wind energy will be 36,000 terawatt hours per year, more than 20 times today’s output. Greater China and India will have the largest share of solar energy by mid-century, with a 40% share of global installed PV capacity in China, followed by the Indian Subcontinent at 17%.

Globally, renewable energy will provide almost 80% of the world’s electricity by 2050 according to the report. The electrification will see increasing use of heat pumps, electric arc furnaces and an electric vehicle revolution, with 50% of all new cars sold in 2032 being electric vehicles.

Despite this rapid pace, the energy transition is not fast enough. DNV GL’s forecast indicates that, alarmingly, for a 1.5°C warming limit, the remaining carbon budget will be exhausted as early as 2028, with an overshoot of 770 Gt CO2 in 2050.

The report also demonstrates that the energy transition is affordable, the world will spend an ever-smaller share of GDP on energy. Global expenditure on energy is currently 3.6% of GDP but that will fall to 1.9% by 2050. This is due to the plunging costs of renewables and other efficiencies, allowing for greater investment to accelerate the transition.

DNV GL appeals to all 197 countries that signed the Paris Agreement to raise and realize increased ambitions for their updated Nationally Determined Contributions by 2020. In a snapshot of the first NDCs submitted to the United Nations Framework Convention on Climate Change secretariat, 75% currently refer to renewable energy, and 58% to energy efficiency. DNV GL calls on political leaders that both these percentages need to be 100% in the second NDCs.

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GWEC Market Intelligence has released its updated market outlook concluding that an additional 330 GW of wind energy capacity will be installed from 2019 to 2023, an increase of 9 GW from its market outlook published in Q1 2019. Main markets driving this volume increase are the US and Chinese onshore markets, which will both experience an installation boom over the next two years with 6.5 GW and 10 GW added capacity respectively from the Q1 2019 market outlook. The growing role of offshore wind in the global energy transition is a major reason for boosting overall growth, and will make up approximately 18% of total wind energy capacity by 2023, up from 9% in 2018. The continued growth of wind energy globally will be driven by the increasing cost competiveness of wind energy as well as market-based mechanisms such as auctions, tenders, and bilateral PPAs.

According to the updated market outlook released by GWEC Market Intelligence, an additional 330GW of new wind energy capacity will be added to the global energy market from 2019 to 2023, bringing total capacity to over 900 GW. The outlook has been increased by additional 9 GW from the outlook published in Q1 2019 in GWEC’s annual Global Wind Report.

From 2019 to 2023, the global wind energy market will grow at an annual rate of 4%, reaching a total capacity of over 900 GW by 2023. This growth rate means that an average of approximately an additional 14 GW will be added each year globally over the next five years compared to 2018 growth levels.

Through analysis of the developments of wind markets across the world, two main trends have been identified that will drive growth beyond 2023; the increasing share of so-called subsidy-free projects, and an increasing number of bilateral PPAs. Together, these two mechanisms will contribute to the cost competitiveness of wind energy and provide assurance for large-scale project development and the continued growth of wind energy globally.

Although there was a decrease in the outlook for India and Germany due to their challenging market conditions including the execution of their auctioned capacity, the growth in other markets more than make up for this deficit. With China going subsidy free by 2021 for onshore wind and the Production Tax Credit phasing out in the US, there will be an installation rush over the next two years in these two leading onshore markets.

The forecasts for emerging markets in Latin America, South East Asia, Africa and the Middle East have all been increased as well due to positive market developments. Additionally, it must be acknowledged the importance of offshore wind for driving growth, as it is set to take off globally over the next few years with a compound annual growth rate of 8% between 2019 and 2023, double that of onshore wind.

Wind energy is now one of the most cost-competitive energy sources available, so it is no surprise we will continue to see volume growth as global energy demand continues to increase. On average, 60 GW of onshore wind and 8-10 GW of offshore wind will be added worldwide until 2023. Even when not considering the two key growth markets of US and China, it will still be seen installation growth levels similar to those of the 2009-2010 wind energy boom in the other markets and regions. Although this outlook is very positive, it is not enough to meet the renewable energy targets needed to keep global warming under 1.5 C°.

Total new installations by year for onshore and offshore wind

2018: 50.12 GW
2019: 71.97 GW
2020: 76.43 GW
2021: 61.32 GW
2022: 62.02 GW
2023: 61.83 GW

Changes by region from Q1 2019 (onshore only)

North America: +6.5 GW
Latin America: +2 GW
Europe: -5.9 GW
Africa and the Middle East: +0.8 GW
Asia Pacific: +5.7 GW

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i-DE, the new branding for Iberdrola’s distribution activity in Spain is extending the possibilities of its smart and digitalised network with investments totalling over 600 M€ during the next ten years aimed at helping the country’s main urban areas to move forward in their transition towards becoming smart cities.

 

The investments in this project will be mainly earmarked for improved grid developments in order to integrate key energy resources for the development of a smart city, as well as going towards raising the intelligence of the distribution grid by boosting digitalisation and thereby improving the quality of information and service.

Optimunm smart city model for more than 40 spanish cities

i-DE, which is already working on this initiative with a number of Municipal Councils and Autonomous Regions, expects to extend the project to over 40 Spanish towns and cities during 2019, including provincial capitals and cities of over 100,000 inhabitants, in the regions where it operates as distributor.

The work of i-DE, in collaboration with local and regional administrations, is centred on 4 strategic areas for a smart city, from the perspective of the electricity grid, which include electric mobility, grid infrastructures, efficient energy use and raising public awareness: mobility, energy and culture.

Monitoring and assessment of the impact of electric vehicles on the grid
Iberdrola’s distribution arm’s initiatives to promote a cleaner, more efficient and sustainable energy model also favour the integration of the electric vehicle.

i-DE has integrated Electric Mobility Control Centres into its 6 Distribution Control Centres in Spain with which to monitor and assess the impact of electric vehicles on its distribution network.

In line with its smart city strategy, the Electric Mobility Control Centres will allow i-DE to work with Municipal Councils and Autonomous Regions, providing them access to local information about the development of electric vehicles in their communities.

Smart grids and the energy transition
Electricity distribution networks are the circulatory system of the new energy model and the platform necessary for the transition toward a decarbonised economy based on renewable and competitive energy.

The transformation of networks towards a smart, more reliable and safer infrastructure will provide a response to the challenges of this transition towards the electrification of the economy, with a higher presence of renewables, sustainable mobility, smart cities, decentralised consumption (self-generation) and a consumer with greater decision-making capability and connectivity.

Iberdrola has installed almost 11 million smart meters in Spain together with their supporting infrastructure, as well as adapting around 90,000 transformer centres, where remote management, supervision and automation capabilities have been incorporated.

I-DE smart electricity grids
The activities of i-DE – the new name for Iberdrola’s electricity distribution arm – include the planning, construction and maintenance of power lines, substations, transformer centres and other infrastructure, as well as operating the system in a way that efficiently distributes energy among the various agents that produce and consume it.

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