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The overall renewable power capacity in Brazil is expected to grow at a compound annual growth rate (CAGR) of 6% from 31 GW in 2018 to 60.8GW in 2030, according to GlobalData.

GlobalData’s latest report: “Brazil Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape” reveals that increased renewable energy auctions, promotion of hybrid renewable energy projects and other government initiatives such as tax incentives, smart metering, renewable energy targets and favorable grid access policies for renewable energy are likely to result in renewable expansion by 2030.

Between 2019 and 2030, solar PV and onshore wind segments are expected to grow at CAGRs of 14% and 6%, respectively. The significant rise in these two technologies will result in renewable energy being the second largest contributor to the country’s energy mix by 2030.

The connection of over 25,000 power systems, mostly solar PV systems to the Brazilian grid in mid-2018 under the net metering scheme, further underpins the renewable growth pattern over the forecast period.

The main challenges for Brazil’s power sector are its overdependence on cheap hydropower for base-load capacity and lack of a robust power grid infrastructure. In 2018, hydropower accounted for 62.7% of the country’s total installed capacity. In case of a drought, depletion of dam reservoirs could result in power shortages and switching over to costly thermal power which will increase the electricity prices.

In the long term, hydropower capacity is expected to decline and be compensated with increased renewable power capacity. On the other hand, thermal and renewable capacities are slated to increase and contribute 28% and 18%, respectively of the installed capacity in 2030.

Brazil is moving towards a balanced energy mix as it prepares to double its non-hydro renewable power capacity by 2030. With an almost 10GW increase in thermal power capacity by 2030 compared to 2018, the country is on course to better manage peak demand, reduce dependence on hydropower and maintain a healthy grid.

Source: Globaldata

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Global clean energy investment, 2004 to 1H 2019, $ billion

The first half of 2019 saw a 39% slowdown in renewable energy investment in the world’s biggest market, China, to $28.800 M$, the lowest figure for any half-year period since 2013, according to the latest figures from BloombergNEF (BNEF).

 

The other highlight of global clean energy investment in 1H 2019 was the financing of multibillion-dollar projects in two relatively new markets – a solar thermal and photovoltaic complex in Dubai, at 950MW and 4.200 M$, and two offshore wind arrays in the sea off Taiwan, at 640MW and 900MW and an estimated combined cost of 5.700 M$.

The Dubai deal in late March, for the Mohammed bin Rashid Al Maktoum IV project, is the biggest financing ever seen in the solar sector. It involves 2.600 M$ of debt from 10 Chinese, Gulf and Western banks, plus 1.600 M$ of equity from Dubai Electricity and Water Authority, Saudi-based developer ACWA Power and equity partner Silk Road Fund of China.

The two Taiwanese offshore wind projects, Wpd Yunlin Yunneng and Ørsted Greater Changhua, involve European developers, investors and banks, as well as local players. Offshore wind activity is broadening its geographical focus, from Europe’s North Sea and China’s coastline, toward new markets such as Taiwan, the U.S. East Coast, India and Vietnam.

BNEF’s figures for clean energy investment in the first half of 2019 show mixed fortunes for the world’s major markets. The “big three” of China, the U.S. and Europe all showed falls, but with the U.S. down a modest 6% at 23.600 M$ and Europe down 4% at 22.200 M$ compared to 1H 2018, far less than China’s 39% setback.

Breaking global clean energy investment down by type of transaction, asset finance of utility-scale generation projects such as wind farms and solar parks was down 24% at 85.6 M$, due in large part to the China factor. Financing of small-scale solar systems of less than 1MW was up 32% at 23.7 M$ in the first half of this year.

Investment in specialist clean energy companies via public markets was 37% higher at 5.600 M$, helped by two big equity raisings for electric vehicle makers – an $863 M$ secondary issue for Tesla, and a 650 M$ convertible issue for China-based NIO.

Venture capital and private equity funding of clean energy companies in 1H 2019 was down 2% at 4.700 M$. There were three exceptionally large deals, however: $1 billion each for Swedish battery company Northvolt and U.S. electric vehicle battery charging specialist Lucid Motors, and 700 M$ for another U.S. EV player, Rivian Automotive.

Source: BNEF

Renewable power capacity (excluding small hydropower) in Argentina is expected to show a significant growth rate, registering a Compound Annual Growth Rate (CAGR) of 17.8% during 2019-2030. Renewable installations sector will increase by 14.7 GW in order to meet the increasing demand, according to GlobalData, a leading data and analytics company.

GlobalData’s latest report, ‘Argentina Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape’, which provides analysis of the Argentina power market’s regulatory structure, import and export trends, competitive landscape, and power projects, reveals that the implementation of renewable energy auctions under the RenovAr Program is expected to boost the expansion of the renewable energy sector.

Some of the projects approved in various rounds of auctions in earlier years resulted in sudden increase in installations for solar and wind in 2018. The momentum will continue as around 4 GW of renewable capacity is under construction and will be commissioned in the near term In addition, financial incentives including accelerated depreciation and tax exemptions are being offered to encourage investment in renewable power generation.

Argentina has been facing severe power shortages in recent years, prompting the government to re-focus on increasing installed capacity. The current installed capacity is unable to satisfy demand, which is increasing at a high rate. There is substantial untapped wind and solar power potential in Argentina which presents opportunity for renewable to grow.

As of 2018, gas dominated the Argentina power mix, with a share of 59.6% of the total installed capacity, followed by hydropower with 25.5%. Argentina has substantial gas reserves, which accounts for its dominance in the power generation mix.

Although thermal power sources will remain the highest contributors to the total installed capacity of Argentina in the forecast period, their share will decline from 67.1% in 2018 to 50.0% in 2030. This decline will chiefly be due to the increase in renewable power capacity.

However, there are several challenges which impact investment in the Argentina power sector. The power sector has been privatized, but tariffs are still controlled by the government. As a result, there has been no increase in tariffs for a long time. Power prices remain highly subsidized, and this has placed severe strain on government finances. An unrealistic tariff structure has led to lack of investment in the power supply infrastructure by the private entities that run the network.

Source: GlobalData

After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017, an unexpected flattening of growth trends that raises concerns about meeting long-term climate goals.

Last year was the first time since 2001 that growth in renewable power capacity failed to increase year on year. New net capacity from solar PV, wind, hydro, bioenergy, and other renewable power sources increased by about 180 GW in 2018, the same as the previous year, according to the International Energy Agency’s latest data.

That’s only around 60% of the net additions needed each year to meet long-term climate goals. Renewable capacity additions need to grow by over 300 GW on average each year between 2018 and 2030 to reach the goals of the Paris Agreement, according to the IEA’s Sustainable Development Scenario (SDS).

But the IEA’s analysis shows the world is not doing enough. Last year, energy-related CO2 emissions rose by 1.7% to a historic high of 33 Gt. Despite a growth of 7% in renewables electricity generation, emissions from the power sector grew to record levels.

Since 2015, global solar PV’s exponential growth had been compensating for slower increases in wind and hydropower. But solar PV’s growth flattened in 2018, adding 97 GW of capacity and falling short of expectations it would surpass the symbolic 100 GW mark. The main reason was a sudden change in China’s solar PV incentives to curb costs and address grid integration challenges to achieve more sustainable PV expansion. Moreover, lower wind additions in the European Union and India also contributed to stalling renewable capacity growth in 2018.

China added 44 GW of solar PV in 2018, compared with 53 GW in 2017. Growth was stable in the United States, but solar PV additions increased in the European Union, Mexico, the Middle East and Africa, which together compensated for the slowdown in China.

Despite slower solar PV growth, China accounted for almost 45% of the total capacity increase in renewable electricity last year. With new transmission lines and higher electricity demand, China’s wind additions picked up last year, but hydropower expansion continued to slow, maintaining a trend observed since 2013.

Capacity additions in the European Union, the second-largest market for renewables, saw a slight decline. Solar PV grew compared with the previous year, while wind additions slowed down. Policy transition challenges and changing renewable incentives resulted in slower growth of onshore wind in India and of solar PV in Japan.

In the United States, the third-largest market, renewable capacity additions increased slightly in 2018, mainly driven by faster onshore wind expansion while solar PV growth was flat.

Renewable capacity expansion accelerated in many emerging economies and developing countries in the Middle East, North Africa and parts of Asia, led by wind and solar PV as a result of rapid cost declines.

Governments can accelerate the growth in renewables by addressing policy uncertainties and ensuring cost-effective system integration of wind and solar. Reducing risks affecting clean energy investment in developing countries, especially in Africa, will also be critical.

Source: IEA

MIREC WEEK 2019, Mexico’s leading clean energy congress and exhibition, will take place alongside a period of changes and new business opportunities within the country’s renewable energy sector as a result of a new administration coming to power at the end of 2018. After the cancellation of the 4th Long-Term Auction and large transmission projects, the government is expected to announce alternative plans to keep Mexico’s renewable energy goals on track, as well as the continued development of transmission infrastructure.

Meanwhile, the industry is currently waiting on the details of the government’s strategy for the development of renewable energy in the country. The AMLO administration has recently reasserted its commitment to the development of renewables, and some of their mentioned plans include the enhancing of Distributed Generation, the installation of EV solar charging stations, the modernization of CFE’s hydroelectric power plants and the development of research, technology and human resources in the sector.

All these changes represent challenges and will bring new opportunities for the renewable energy market. During a recent breakfast briefing hosted by the MIREC WEEK team in Mexico City, the latest updates in the Mexican renewable energy industry were addressed and discussed. The discussion mainly covered the alternatives that the new administration has to meet the growing demand in the country, the continuity of the development of the Wholesale Electricity Market and the crucial role that the private sector must perform in order to achieve its ambitious clean energy goals.

Against this backdrop, MIREC WEEK 2019 will celebrate its 9th anniversary in Mexico City at the World Trade Center from 20-22 May. The award winning event is firmly established as the leading platform for dialogue, knowledge and discussion about the challenges and opportunities in Mexico’s renewable energy market. This year the congress will address a broad range of topics including financing and investment, corporate energy use, distributed generation, energy storage, asset management and O&M and clean energy business strategies under the new AMLO administration.
The event will feature more than 300 high-level speakers from Mexico and across the globe providing 50 hours of expert analysis and content, providing business intelligence for decision-making in a shifting market.
An expected audience of 3,000 participants will attend the exhibition and congress, comprised of energy professionals, national and international investors, technology suppliers and project developers.

MIREC WEEK 2019 is sponsored by global leaders in renewable energy, including Huawei, CPS America, GCL, Longi Solar, Sungrow, Talesun, Alion Energy, Arctech Solar, BayWa r.e. Renewable Energy, Gamesa, Iusasol, Jema, Phono Solar, Soltec, Trunsun Solar, Nextracker, Cesime Solar, Pöyry and Solarig, among others.

Source: MIREC WEEK

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Along 2018 Green Eagle Solutions, an independent SCADA solutions provider for the renewable sector, has performed several projects for the solar market to improve efficiency and as consequence profitability of several solar assets.

Green Eagle has provided many different solutions and products such as setting up the 24/7 maintenance and support service of OEM SCADA, monitoring platform retrofit or Power Plant Controller (PPC) tool development as well as the integrating of solar assets into CompactSCADA® Energy Control Center platform.

Most of these facilities are more than eight years old, and its SCADA systems were obsolete with very few technical capabilities. The Spanish solar sector has been especially punished by retributive changes, so very efficient solutions designed have been required to justify the investment. In this way, the strong expertise of Green Eagle Solutions in the wind energy sector was required to adjust its CompactSCADA® technology to provide customized solutions for each client and to achieve prompt results.

Since there is room for improvement in operations and maintenance of wind farms, we are convinced that through OEM SCADA retrofit the solar PV sector may turn more competitive,” says Alejandro Cabrera, CEO, and co-founder of Green Eagle Solutions. “The most important point is to understand the status of the solar sector, its current needs and how the implementation of new solutions must generate immediate profits.

In the present year, Green Eagle Solutions has already signed several agreements to implement CompactSCADA® technology working as the asset SCADA, monitoring and control tool. Some of these projects are part of the total portfolio of capacity allocated in the last Spanish renewable auctions.

Likewise, under the umbrella of the company’s internationalization strategy, it is planned to grow the market in different European and Latin American countries by postulating CompactSCADA® technology as a competitive and innovative solution in the field of monitoring and control of new solar plants.

Source: Green Eagle Solutions

Acciona will supply Telefónica with an estimated volume of renewable electricity of 345 GWh, i.e. 58% of the high-voltage energy measured with telemetry that the technology multinational will consume in Spain this year, and 23% of its total electricity consumption.

According to the contract awarded to Acciona, the company will supply 72 points located in large-scale data processing facilities, offices and other centres of Telefónica in Spain. It is the second successive contract for the sale of electricity to Telefónica awarded to Acciona, following the one signed for 2018.

Like all the energy marketed by Acciona, the electricity supplied to Telefónica will be certified 100% renewable by the Spanish National Markets and Competition Commission (CNMC). The use of clean energy will avoid the emission of 107,000 tonnes of CO2 to the atmosphere, based on the energy mix of Spain.

Teléfonica: Also 100% renewable in other markets

The multinational is already fully renewable in other markets such as Germany, Brazil and the UK. This means that it is making progress towards its objective of 100% in all countries by 2030, which will mean a saving of around 6% on its energy bill, equivalent to 1.4% of its present revenues.

Worldwide, more than 50% of the electricity Telefónica uses is clean. It has stabilized its consumption despite a growth in traffic of 107% in the last three years, improving energy efficiency by 52% in the process, and this has been achieved two years before the target dates. In other words, the company is more efficient and consumes greener energy every year. This has led to Telefónica being part of “Lista A” del CDP, an organism that selects leading companies in the management of climate change.

Acciona: The biggest marketer of exclusively renewable energy

Through this contract, Acciona strengthens its business of the sale of energy to large clients in the Iberian Peninsula market, where is it already the biggest supplier of exclusively renewable energy with over 500 clients and 2,700 supply points. The associated volume of energy was 5,900 GWh in 2018, 11.3% up on the previous year.

Among Acciona’s renewable energy clients in the Iberian market are, as well as Telefónica, reference companies in a range of sectors such as Unilever, Bosch, Adif, Inditex, Basf, RTVE, Kellogs, Merck, Bimbo, Roca, Aena, Heinz, Asics, BT, Agrolimen, Volkswagen and the Prado, Reina Sofía and Thyssen-Bornemisza museums.

Source: Acciona

For the first time renewable energy demand in Europe surpasses 500 TWh – or half a billion Guarantees of Origin (GOs), according to ECOHZ and 2018 statistics from the Association of Issuing Bodies (AIB). If the growth trend from the last five years continues, the GO-market will soon surpass one billion Euro.

The current reported volume is 499 TWh, but this is expected to increase by an additional 10 TWh, when unreported German Q4 figures are included. This will push the expected total demand for renewable electricity documented with Guarantees of Origin close to 510 TWh. This represents an impressive 8% increase from 470 TWh in 2017.

Demand for renewable electricity in France grows by 50%

The demand for renewable electricity continuous to show robust growth in Europe’s biggest markets. The Netherlands, France, Switzerland and Italy show record high demand in 2018. The French market demand increased from 21 TWh to 33 TWh in 2018, while Italy sees record demand of 45 TWh compared to 41 TWh last year. Although the final numbers have not been published for Germany yet, they are in line to exceed 100 TWh for the first time.

Record price levels in 2018

Wholesale prices for GOs averaged around 1.30 €/MWh in 2018, while Nordic hydro GOs traded as high as 2.29 €/MWh. This indicates that the market is willing to pay higher prices even though demand did not grow quite as aggressively as in 2017.

With demand for renewable power now exceeding 500 TWh, and forward prices set at around 1.30 €/MWh, the annual value of the market exceeds 650 MEUR. If growth trends continue we can safely predict that this will be a billion Euro market in a few years.

Wind power continues to strengthen its position among buyers

Although hydropower is still the greatest source of renewable electricity, preferences are gradually shifting towards alternative renewable sources, with wind power being “the technology of choice”. As 2018 figures are updated and reported later in 2019, these shifts will likely become more pronounced. These changes in demand may not only reflect changes in customer preferences, but also reflect changes in market availability for different technologies.

The forces behind the demand

Households, organisations and businesses all contribute to the market growth. But the corporate sector is the main driver because more corporations see sustainability as necessary for future competitiveness. Several initiatives exist to support corporate sustainability ambitions. Two notable initiatives are WeMeanBusiness and RE100.

The RE100 initiative now has 161 corporate members that have all publicly pledged to consume 100% renewable energy. Global reporting initiatives like CDP and Greenhouse Gas Protocol are enabling this movement. Also, the EU recently approved a new Renewable Energy Directive (REDII), strengthening the GO system by further embedding it in European legislation.

Source: ECOHZ

Iberdrola has completed a project that will contribute to accelerating the decarbonisation process by using blockchain technology to guarantee that the energy supplied to the consumer is 100% renewable. This first experiment to guarantee the renewable origin of the energy supplied, was done with the financial entity Kutxabank, which was able to track, in real time, the origin of the energy supplied by Iberdrola from the generation asset to the point of consumption.

The renewable energy was generated in the Oiz (Biscay province) and Maranchón (Guadalajara province in the Castile-La Mancha region) windfarms and the San Esteban hydroelectricity plant (Orense province in the Galicia region). The clean energy from these assets was then consumed at the headquarters of Kutxabank in the Basque Country and Cajasur in Córdoba.

Traceability, immediacy and cost savings

Blockchain technology is an efficient way of allocating which assets will supply energy to a specific point of consumption, and can even be used to establish a hierarchy of priorities when it comes to sources of origin. It also eliminates intermediaries as it uses smart contracts which automatically come into effect when both parties fulfil their side of the agreement, simplifying the process, eliminating costs and improving privacy.

With this initiative, renewable energy certification processes are accelerated and automated, certification is given a greater degree of traceability, and the transaction is made more transparent and secure, as it is permanently registered on the platform so that both parties can audit the results.

To carry out this initiative, Iberdrola was supported by Energy Web Foundation, a scaleable, open-source blockchain platform designed for the regulatory, operational and market needs of the energy sector. It has also designed a user-friendly web environment which lets customers view data on the process and identify which plants the green energy they consume comes from.

Green energy and big companies

Guaranteeing the renewable origin of energy is critical for long-term PPAs (power purchase agreements), associated with the growth of the corporate green energy market. In July, Iberdrola and Kutxabank entered into a long-term PPA for the supply of electricity from renewable assets. In this case, the energy will be supplied from the Núñez de Balboa solar plant that Iberdrola is building in Extremadura-the largest solar project in Europe.

Blockchain initiatives

Iberdrola has implemented several initiatives using blockchain. For example, the company is participating along with other companies in the sector in a project to try out blockchain-based transactions in wholesale energy and natural gas markets.

This initiative allows peer-to-peer transactions to be carried out without the need for intermediaries. These agents will buy and sell energy directly, without a regulated market, and their transactions will be registered on the platform anonymously and in encrypted form to be verified by other operators.

In its distribution business, blockchain initiatives are mainly aimed at certifying information about network events with the potential to have an impact on customers. This is a big step forward not only in the network digitisation process, but also in areas of service quality and customer service.

Source: Iberdrola

Acciona Energía completed the assembly of the ‘Puerto Libertad’ PV plant in the Sonora desert (Mexico) in 2018. The 404.57 MWp-capacity plant is the biggest renewable facility of its type built by the company. To achieve this, Acciona installed more than a million PV modules (1,072,909) with an associated capacity of 356,02 MWp in two months, from 19 October to 19 December, a construction milestone for this type of plant that is accompanied by another day record figure: on 18 December the company assembled 43,080 PV modules (14.29 MWp).

Acciona Energía is building this plant as a turnkey project for the joint venture that owns it, Acciona holding 50% and the other 50% Tuto Energy (Biofields Group). With total planned capital expenditure of €303 m ‘Puerto Libertad’ will enter service during the first quarter of 2019.

The construction of the plant created an average of 600 jobs, with activity peaks when more than 1,300 people were employed. When fully operational it will provide stable employment for 38 people.

The ‘Puerto Libertad’ PV plant consists of 1,222,800 polycrystalline silicon PV modules installed on 1,496 horizontal tracking structures with a solar radiation collection surface area of 2.4 km2. It is located in the municipality of the same name near the coast of the Gulf of California in Lower California around 200 kMnorthwest of Hermosillo, the capital of the State of Sonora.

The plant will produce approximately 963 GWh of energy per year, covering the electricity demand of 583,000 Mexican households. Given its renewable nature, the energy produced will avoid the emission of 925,443 t of CO2 to the atmosphere from coal-fired power stations every year.

With this renewable energy plant, Acciona Energía now has 1,144 MW in Mexico (739.5 MW from wind power and 404.5 MWp from PV), making the country the second most important worldwide for the company in terms of owned capacity, after Spain. The net figure for Acciona’s capacity in Mexico is 942 MW.

The construction of ‘Puerto Libertad’ also means that Acciona has more than doubled PV capacity under its ownership in the world, with plants in Mexico, Chile, South Africa, Portugal and Spain. The company is also constructing PV plants in two other countries -Egypt and Ukraine- that will take it above 1,000 MWp of total capacity in 2019.

Source: Acciona Energía

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