Page 12 - AsiaElec Week 02

AsiaElec
NEWS IN BRIEF
AsiaElec
The High-Level Panel has concluded in
its report that ocean-based renewable energy technologies have the potential to reduce greenhouse gas emissions by close to 10% each year by 2050, an imperative to keeping global temperatures under 1.5 degrees Celsius above pre-industrial levels.
The Action Coalition will bet on offshore wind power to drive global decarbonisation efforts, arguing that this technology is best suited for the task. The group will prepare its vision for the 2050 horizon and put a focus on actions that the industry, financiers and governments can take to boost offshore wind.
The team’s initial outputs will be presented at the UN Ocean Conference in Lisbon in June 2020.
GWEC bolsters team with World Bank hire
The Global Wind Energy Council (GWEC) has recruited renewable energy finance specialist Dana Younger as a senior advisor
to help its efforts to accelerate investment in wind power, particularly in emerging markets.
Younger has been involved in wind and solar project finance, corporate finance,
and mobilisation of private equity financing in his previous role as chief renewable
energy specialist for the global power team within the global infrastructure and natural resources department of the International Finance Corporation (IFC), the private sector investment arm of the World Bank.
According to GWEC he will help the organisation develop stronger relationships
with leading financial institutions and institutional investors that are most active in financing renewable energy.
GWEC chief executive Ben Backwell said: “Dana Younger brings an immense wealth of expertise in renewable energy financing to the GWEC team, which we will use to strengthen our advocacy and advisory work with governments and policy makers, international institutions and investors.”
Backwell added: “In order to limit the impact of climate change and meet the 1.5°C goal, renewable energy investments must increase threefold over the coming years. Having someone of Dana’s calibre and experience to support GWEC’s work will be invaluable as we seek to meet this challenge”.
Younger has helped IFC build a portfolio of more than $5bn in clean energy investments over the last two decades with an emphasis on building greenfield renewable energy projects in emerging market countries.
He has been involved with teams providing debt and equity finance on a project and corporate basis.
Shanghai Electric installs 8 MW prototype
Shanghai Electric has completed the installation of its prototype 8 MW offshore wind turbine at Shantou Haojiang Wind Power Industrial Park in Guangdong. It is the largest wind turbine to have been constructed in China to date.
The turbine features a rotor diameter of 167 meters with blades measuring 81.4 meters
length. It transmits at a voltage level of 66 kV and meets a series of design specifications including IEC 61400, DNV-GL tropical hurricane wind turbine design certification standard and China Typhoon Wind Turbine Standard GB / T 31519. Its blades, towers, wind speed anemometers, pitch locks
and control systems are are optimised for typhoons.
Shanghai Electric stated that compared with 7MW-154, the generation of 8MW-167 has increased output of about 20%, and the cost of electricity has decreased by about 11%.
SOLAR
Global PV installations
tipped to grow 14% in 2020
as market diversifies
Global demand for photovoltaics (PV) is set to rise 14% this year, as the technology becomes increasingly competitive with traditional energy sources.
That’s according to analysts at the market research and consultancy firm IHS Markit, who expect 142 GW of PV power to be added to electricity grids around the world in 2020.
If correct, it means that global installations of PV power should approach a nameplate capacity of some 750 GW by the end of the year - a total that would imply nearly 4% of global electricity demand being met by PV generation.
“Another year of double-digit global
P12
w w w. N E W S B A S E . c o m
Week 02 15 •January•2020