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Daily News Summary: Enel Green to Build 1.5GW Solar Hybrid Project with Battery Storage

Here are some remarkable clean tech announcements of the day:

Enel Green Power North America has ad construction of five new renewable energy projects in the United States, including three hybrid renewable and storage projects, and its largest solar project in the United States. New wind, solar and hybrid projects represent more than 1.5 GW of new capacity and 319 MW of battery storage capacity. The five new projects under construction will generate more than 4.1 TWh of renewable electricity per year, equivalent to avoiding 2.5 million tonnes of CO2 and enough to power more than 525,000 American homes each year.

Sungrow, a global supplier of inverter solutions for energy supply Photovoltaic inverter solutions for a 200 MW project in Egypt. The project is expected to be the largest industrial-scale solar installation developed by the private sector in the country. Located in a desert area of ​​Kom Ombo, it will increase the share of renewable energies in the Egyptian energy mix in accordance with national objectives.

The automaker Mahindra is going open an advanced design center for mobility products in the UK Called Mahindra Advanced Design Europe, it will be part of the Mahindra Global Design Network, which includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin, Italy. It will refine the designs and technology of the automaker’s products.

Equinor and Vårgrønn have signed a collaboration agreement to jointly apply for an offshore wind farm area in Norway for the Utsira North region. The Norwegian Ministry of Petroleum and Energy has opened two zones for offshore renewables. The authorities are currently working on the authorization process for wind projects. The collaboration aims to operate an installed capacity of 1 GW for Vårgrønn by 2030.

International Finance Corporation (IFC), a member of the World Bank Group, will provide Absa Bank with a ready up to $ 150 million to help the bank grow its climate finance business. It will in turn help South Africa meet its greenhouse gas reduction targets. IFC’s loan accounts for Africa’s first certified green loan will increase funding for biomass and other renewable energy projects in South Africa, supporting the country’s power sector and economic recovery from Covid-19. Absa’s loans for green projects will be disclosed, improving transparency. In addition to the loan, IFC will provide technical advice and knowledge sharing to help the bank develop a framework of green, social and sustainable bonds and lending.

EnergyAustralia announced the expansion from its existing Tallawarra power station in the Illawarra region, following an agreement with the government of New South Wales. The new plant will provide reliable electricity to approximately 150,000 homes, contribute $ 300 million to the economy and create 250 well-paying jobs during construction. The plant will be capable of using a mixture of green hydrogen and natural gas, with the plant’s greenhouse gas emissions having to be fully offset during its operational life.

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