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Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable utility-scale projects, has announced the financial close for Potrero Solar (296 MW dc), the Company’s second solar farm in Mexico.

FRV reached financial close last March with the International Finance Corporation (IFC) and Banco Nacional de Comercio Exterior (Bancomext), and it is expected that the plant which began construction in late May, will be completed by mid- 2020.

Potrero Solar is FRV’s first project in Mexico to be financed before having any of its products (energy, CELs or capacity) committed in the tender schemes, and one of the largest merchant PV projects worldwide. It is also one of the world’s largest PV projects to use bifacial technology. Once operational, the plant will trade the electricity generated as well as the associated clean energy certificates at the country’s energy market.

With an approximate area of 700 ha, Potrero Solar will be located in Lagos de Moreno, in the state of Jalisco, and will use bifacial PV modules, a new technology that has the ability to capture both direct sunlight from both the front and reflected light from the rear side.

The solar power farm will generate around 700 GWh of clean energy each year, enough to supply around 350,000 average Mexican homes and reduce the emission of 345,000 T/year of CO2. In addition, Potrero, which will be built by a consortium formed by multinationals Power China and Prodiel under an EPC contract, will boost the economic development of the local community including the potential of around 1,500 jobs during its construction phase.

Fernando Salinas, Managing Director of FRV Mexico and Central America, highlights: “Mexico is a country that offers numerous opportunities for both FRV and international investors, due to its favorable market and weather conditions for renewable energy projects. Potrero’s financial close marks a milestone as the largest bifacial plant in the world and FRV’s first fully merchant project in Mexico. By carrying out this flagship project that will lead the way for other large-scale bifacial PV plants and that is also one of the largest PV merchant projects worldwide, FRV demonstrates its leadership once again and its ability to be a spearhead in the wider renewable energy industry.”

Bancomext assures that “Potrero Solar has all the features a financial institution looks for during a transaction: an experienced, highly professional sponsor, high-quality technology, an EPC provider with a well-proven track-record and a solid financial structure. With this project, Bancomext reaffirms its leading position in the Mexican market, supporting renewable energies under the ‘spot market price’ scheme and fostering job creation in the country during the construction and operation phases.”

Fady Jameel, Deputy President and Vice Chairman of Abdul Latif Jameel, said: “At Abdul Latif Jameel Energy, we are delighted to move forward to the next phase of the Potrero project. Potrero confirms FRV’s positioning as one of the leaders in the global renewable energy sector and further reinforces our long-term commitment to Mexico’s drive for clean energy. Mexico is a strong and promising market for FRV and Abdul Latif Jameel Energy, and we look forward to seeing Potrero spearhead the development of the sector in the country and further afield.”

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Siemens Gamesa Renewable Energy today held a launch ceremony with local government authorities and wind industry partners in Taiwan for what will be the company’s first offshore nacelle assembly facility outside of Europe. Construction is due to begin in 2020 at the site located in the port of Taichung. This represents an important milestone for the company in the fast-growing Asia-Pacific region. Siemens Gamesa currently has offshore nacelle assembly and manufacturing facilities in Germany and Denmark.

The parcel of land being developed in Taiwan measures over 30,000 square meters, and will be used for nacelle assembly, testing, warehousing, office buildings, and outdoor storage. Siemens Gamesa is also working closely with Taiwan International Ports Corporation (TIPC) to establish inbound and outbound logistics in newly-established quaysides nearby.

Construction is planned to begin in 2020, and production in 2021. The facility will then support Ørsted’s 900 MW Greater Changhua 1 & 2a project, for which the SG 8.0-167 DD turbine will be used. In later years, it will provide an option for the supply of nacelles to other regional projects.

“Thanks to this nacelle assembly facility, we will be creating more opportunities of working with the growing localized supplier network as well as developing a skilled offshore workforce. All these efforts will contribute to building a competitive local supply chain, in line with international standards in terms of safety, costs, quality, and making Taiwan a leading offshore market,” says Niels Steenberg, General Manager of Siemens Gamesa Offshore for Asia-Pacific.

The long-term collaboration between SGRE and TIPC was first officialized in December 2017 via a Memorandum of Understanding. Both parties agreed to cooperate towards developing Taichung harbor for the offshore wind power industry.

In 2016, Siemens Gamesa erected Taiwan’s first two offshore turbines composing the 8 MW Formosa 1 Phase 1 project. The company is currently installing the subsequent phase, the 120 MW Formosa 1 Phase 2 project. This is Taiwan’s first commercial-scale offshore wind power project, and features 20 SWT-6.0-154 wind turbines. Siemens Gamesa has signed contracts in Asia Pacific for close to 2 GW of offshore wind power projects for the years to come, including 1.5 GW of confirmed orders.

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Cumulative offshore wind capacity [GW] worldwide 2010-2019

The worldwide expansion of offshore wind energy, especially in Europe, but also in markets as Asia and North America, causes a further strong increase of global offshore wind capacity. Thus, in Germany, which strongly expanded its capacities within the last years, the electricity generation through offshore wind energy could be increased again: the growth rate in the German North Sea amounted to 16 % and in the German Baltic Sea even to 145 % in the first half of 2019. This is the conclusion reached by the trend and market research institute wind:research in its Half Year Report 2019 The Global Market For Offshore Wind Energy in cooperation with the World Forum Offshore Wind.

The positive development of offshore wind energy is continuing worldwide: while in 2010 the global offshore wind capacity summed up to 3 GW, it increased to 23.3 GW in 2018 and is expected to rise by an additional 27% in 2019 in comparison to the previous year. A look at the planned offshore wind energy projects shows that the positive market development will probably not change in the near future: as of the first half of 2019, the officially planned projects will lead to an overall increase in the worldwide capacity of approximately 46 GW till 2030, a growth of more than 180 %.

The majority of these planned projects is located with almost 36 GW in Europe, a further 6 GW in North America and at least 4 GW in Asia. In Europe, especially striking are the targets of Great Britain, that aim for an increase of its offshore wind capacity by more than 30 GW in 2030, which amounts to a tripling of its current capacity. Germany with its expansion target of 15 GW, the Netherlands with 11.5 GW and France with 10.4 GW fall way behind these ambitious targets. At the same time, outside Europe and especially in Asia the offshore wind energy becomes increasingly popular: thus in Asia the offshore wind capacity summed up to almost 5 GW in the first half of 2019 while in the countries China, South Korea, Taiwan and Vietnam further 3.9 GW are under construction or in planning.

Meanwhile, the importance of supporting political frameworks becomes visible in Germany. The political standstill of the last years regarding offshore wind energy has led to a decrease of investments and workload culminating in insolvencies and market exits of small as well as large market participants. However, technological improvements, such as higher turbine outputs, floating foundations or the use of hydrogen, political measures, such as CO2 pricing, as well as the rising demand for (green) energy for sector coupling, such as electromobility, overall still provide positive market conditions.

Source: Wind:research

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Asia-Pacific (APAC) is expected to lead the wind turbine market with an annual installation capacity of 33.14 GW by 2023, largely driven by onshore deployment; followed by EMEA and Americas with capacities of 19.9GW and 11.7GW, respectively, according to GlobalData.

The company’s latest report ‘Wind Turbine, Update 2019 – Global Market Size, Competitive Landscape and Key Country Analysis to 2023’ reveals that the buoyancy in the market is largely due to the global investment trends in renewable energy to address power sector challenges.

In the forecast period (2019–2023), wind turbine installations are expected to reach an aggregate of 312.39GW. APAC will continue to lead the market, with an aggregate of 157.61GW of installed capacity, followed by EMEA and Americas with 88.41 GW and 66.36 GW, respectively.

The APAC region led the onshore wind turbine market by registering an aggregate capacity of 138.20GW between 2014 and 2018, and will continue to do so in the future. The need to improve access to electricity, increasing consumption trends and strong industrial market are primary driving factors for onshore wind turbines market.

The growth in the APAC region is largely contributed by China, which has established comprehensive development plans focused on using renewable energy to sustain its growth and ambitions of becoming a global leader in wind technology development.

In the offshore market, EMEA (Europe, the Middle East and Africa) dominated the market and will continue to do so reaching 4.77GW in 2023. EMEA’s dominance is largely driven by the European market. The strong technology base in Europe, favorable wind conditions and increasing effectiveness of offshore wind turbines have contributed to the large scale deployment of offshore wind technology to capitalize on the significantly larger resource.

Source: GlobalData

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Soltec, a leading company in the manufacture and supply of single-axis solar trackers, forecasts the sale of 3 GW for utility-scale solar plants this year that will close 2019 with a record of almost 10 GW and a turnover of some US$400m.

Since its foundation in 2004, this Spanish entity has significantly grown its sales year after year. Soltec invoiced almost US$200m in 2018, an amount that is expected to double in 2019, representing a growth of 121%.

Soltec has more than one hundred projects worldwide and is market leader in Brazil, Peru and Colombia. It is also continuing to consolidate its position in the solar power market with revolutionary products such as its SF7 solar tracker and the SP7 Bifacial whose design has been optimised to achieve a maximum yield from bifacial modules.

“This year to date, the trend in bifacial technology is the key to utility-scale PV projects. Eight out of every ten quote requests are for bifacial, confirming our company’s commitment to innovation and research in bifacial technology”, explains Eduardo de San Nicolás, product manager at Soltec.

With its strong commitment to innovation and the development of proprietary technologies, in 2018 Soltec inaugurated its Bifacial Tracker Evaluation Center (BiTEC), to study the performance of bifacial modules in different conditions including albedo, height, distance between modules and module temperature. The research also aims to establish the best tracker design for the implementation of bifacial modules.

With 15 years of experience in the sector and over 35 patents, Soltec is present across the five continents. The company already has offices in Argentina, Australia, Brazil, Chile, China, Denmark, Egypt, the US, India, Italy, Israel, Mexico and Peru. With a development-based business model, Soltec has become a European reference in the renewable energy sector while modelling its economic growth based on care for the environment.

The SOLTEC team

Soltec’s growth is linked to its workforce. The company current has a staff of around 1,500 personnel distributed across projects and subsidiaries worldwide. As part of its commitment to job creation and the search for talent, Soltec has recently launched the second edition of the Solteach study grant, a programme that sets out to give the best professionals the opportunity receive a first-hand training in renewables from one of the business references for the sector in Spain, which has achieved a spectacular growth in recent years.

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The Global Wind Energy Council (GWEC) has launched the first edition of its Global Offshore Wind Report, which provides a comprehensive analysis of the prospects for the global offshore wind market, including forecast data, market-level analysis and a review of efforts to lower costs.

The global offshore market has grown by an average of 21% each year since 2013, reaching total installations of 23 GW. More than 4 GW of new capacity were installed each year in 2017 and 2018, making up 8% of the total new installations during both years. For the first time, China was the largest offshore market in 2018 in new installations, followed by the UK and Germany.

Based on government targets, auction results and pipeline data, GWEC expects to see 190 GW of capacity installed by 2030, but this does not represent the full potential of offshore wind. Many new countries are preparing to join the offshore wind revolution, while floating offshore wind represents a game-changing technological development that can add even more volume in the years to come.

The industry is continuing to make significant strides on cost-competitiveness, with an average LCOE of US$50/MWh within reach. This achievement increases the attractiveness of offshore wind in mature markets where several governments are discussing long-term climate targets that, if they are to be achieved, must seriously consider the contribution large-scale offshore wind can make. New offshore markets represent significant potential and if industry and governments can work together, as we have seen recently in the case of Taiwan, we can build the necessary policy frameworks at greater speed to ensure growth can be achieved sooner than later.

The report, GWEC Market Intelligence, provides a market outlook representing a “business-as-usual” (BAU) scenario which does not incorporate more technical development or further opportunities for offshore wind, and an upside scenario which captures the additional potential.

The BAU scenario expects double-digit growth for the global offshore market based on current policies and expected auctions and tenders. This scenario makes annual installations of 15 to 20 GW after 2025 realistic based on growth in China and other Asian markets, amounting to 165 GW of new installed capacity globally between now and 2030. This would bring the total installed capacity to nearly 190 GW.

The upside scenario captures additional potential such as the advancement of floating technology, increased cost competitiveness and therefore greater volume in mature markets, as well as the opening of new offshore markets. Based on this scenario, a more positive outlook of over 200 GW installed capacity between now and 2030 is possible, totalling approximately 220 GW installed capacity.

  • Europe: Short-term, the European offshore market will remain flat with few projects reaching installation and COD during 2020, however, the cost competitiveness of European offshore will remain a key driver for volume. The Sector Deal in the UK provides a stable outlook, while volumes for Germany have still not increased despite government’s awareness. Total installed capacity for the region under the BAU scenario is expected to be 78 GW by 2030.
  • Asia: The Asian offshore market including China is expected to become the largest offshore region globally with key growth markets including Taiwan, Vietnam, Japan, India and South Korea. Total installed capacity for the region under the BAU scenario is 100 GW by 2030.
  • US: The first installation of large-scale projects, expected between 2021 and 2023, brings total installations to 2 GW by 2025. There is potential for 10 GW total installations towards 2030 with an increasing experience and maturing of the local supply chain.

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ABB and the Italian company Fimer S.p.A announced today that they have signed an agreement for Fimer to acquire ABB’s solar inverter business. The transaction will enhance the future prospects of the solar inverter business and will enable ABB to focus its business portfolio on other growth markets.

 

ABB’s solar inverter business has approximately 800 employees in more than 30 countries, with manufacturing and R&D sites located in Italy, India and Finland. It includes the solar inverter business from Power-One which was acquired by ABB’s Discrete Automation and Motion division in 2013.

The business offers a comprehensive portfolio of products, systems, and services for different types of solar installations. It is currently within ABB’s Electrification business and achieved revenues of approximately $290 M$ in 2018.

Both companies will ensure a smooth transition for customers and employees. FIMER will honor all existing warranties and ABB will compensate Fimer for taking the business and its liabilities over. As a result, ABB expects to take an after-tax non-operational charge of approximately 430 M$ in the second quarter of 2019 with the half-year results of 2019 being impacted accordingly. Around 75 percent of this charge is represented by cash outflows ABB will pay to Fimer from the deal closing date through 2025. In addition, ABB expects up to 40 M$ of carve-out related separation costs starting in the second half of 2019.

After closing of the transaction, ABB expects the operational EBITA margin for the Electrification business to be impacted positively by slightly more than 50 basis points, supporting the business’ progress towards its target margin corridor of 15-19%.

Completion is expected in the first quarter of 2020 and will be subject to certain conditions, including the completion of the carve-out and prior consultation with employee representative bodies.

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Vietnam’s solar market is a good news for the solar industry with growing demand of electricity and government policy to promote PV development. With the support from Alena Energy and LONGi Solar, Growatt held its Shine Elite PV workshop on July 4 at Novotel Saigon Centre in Ho Chi Minh City.

The meeting highlighted training on Growatt’s smart inverter solutions. “Inverter technologies have been the innovation center of PV systems in recent years and Growatt has been making a lot of progress as we keep increasing our investment in R&D.” said Frank Qiao, Growatt co-founder and sales director.

Growatt technical manager Adam Sun presented latest product developments for residential, commercial and industrial scenarios. New series residential inverter MIN features an OLED display and touch button design appeals to many clients. It will be launched in Vietnam soon! In addition, recently our latest inverter MAX, which we strongly recommend for implementation in commercial and industrial solar rooftop projects, has been used in a 3MW solar plant in Ninh Thuan.” said Sun.

Service engineer Roger Tian laid out inverter architecture, component selection, installation, operation instruction and troubleshooting for the audience. Growatt monitoring system is at the heart of customer service. Growatt offers a variety of monitoring devices, such as ShineMaster, ShineWifi and ShineLink to meet different demand of internet connection methods. Apart from monitoring installation and setup, Tian detailed registration, configuration and function on Growatt’s Online Smart Service platform.

At the event Alena Energy’s director shared his optimism on the prospect of Vietnam solar and encouraged collaboration with global leading PV brands to develop solar energy across Vietnam. Reliable and advanced inverter and module technologies are key to the success of Vietnam’s solar ambitions. Ms.Vu Thi Thanh Van, LONGi senior sales manager introduced its cutting-edge solutions. “LONGi’s half-cut mono PERC module solution provides higher yields, higher reliability and lower power degradation.” she said.

“The workshop today is the consistent effort by Growatt to improve customer service and better prepare our partners for system installation, operation and maintenance. Growatt is committed to the solar development in Vietnam and we will continue to work with our clients and provide our expertise and training on product and service.” said Derrick Ding, Growatt Vietnam sales manager.

Source: Growatt

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On the occasion of the World Small Wind Conference held during Intersolar Europe in Munich (Germany), WWEA has released the global small wind statistics. The Summary of the 2017 Small Wind World Report indicates that 2015 was one of the most challenging years for the small wind industry in the recent years.

As of the end of 2015, a cumulative total of at least 990’000 small wind turbines were installed all over the world. This is an increase of 5 % (8,3 % in 2014) compared with the previous year, when 945’000 units were registered. It means that worldwide, several million families are getting power from small wind turbines. However, only in Italy, the number of new installations increased during 2015.

 

The recorded small wind capacity installed worldwide has reached more than 945 MW as of the end of 2015. This is a growth of 14 % compared with 2014, when 830 MW were registered. In 2012, 678 MW were installed. China accounts for 43 % of the global capacity, the USA for 25 %, UK for 15 % and Italy for 6,3%.

A downward trend in supporting policies for small wind in the three biggest markets has decreased the number of new installations although the installed capacity was bigger than in the previous year. Smaller markets like Italy or Japan, with more favorable policies, have attracted the industry and became a lifesaver for the sector. Markets like Japan or Australia will become more and more important for small wind manufacturers in the next years.

China continues to be clearly the market leader in terms of installed units: at least 43’000 units were added in 2015, reaching 732’000 units installed by the end of 2015 and accounting for 93 % of the new units installed worldwide.

Stefan Gsänger, WWEA Secretary General: “Small wind can contribute substantially to the power supply in many countries of the world. In particular in hybrid systems and in combination with solar and other renewable technologies, small wind turbines can enable citizens, communities and businesses to produce power at affordable cost, without harming the environment. However, the manufacturing sector requires policies which provide predictable and sizable markets in order to invest and scale up production facilities. If this is given, prices for small wind turbines will decrease further. The small wind sector itself will continue working on improving quality of its products by aiming at harmonizing and simplifying international standards and certification schemes.”

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Portada_FuturEnergy_Sep_Mirec_Abril17-1

Special report focusing on the renewables market in Mexico, published as a separate issue to the April 2017 edition of FuturENERGY for special distribution at MIREC Week, an event that ran from 8 to 12 May and at which FuturENERGY has an active presence thanks to its Mexico office.

This special report includes the following:

 

COVER STORY
VESTAS. Auctions only go two ways: either you win or you lose

SPECIAL REPORT: MIREC WEEK
Key issues for clean energy finance in Mexico
The renewable market and auctions in Latin America. The case of Mexico
The Nordex Group: success in Argentina, Mexico and Chile
Ingeteam expands its services, consolidating its leadership in Mexico

WIND POWER
New optimised product designs for rotor bearing supports in wind turbines
Monitoring, analysis and improved performance of wind farms
Professionalising procurement in the wind energy service market

Read more…

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