Nov 14, 2014 - This week two US companies struck partnerships to build some 570 MW of solar capacity in China and the Philippines, Dong got a 700-MW offshore wind lease in the Irish Sea and Eolus secured approval for 330 MW in Norway.
At the start of the week US firm BrightSource Energy Inc said it has formed a concentrated solar power (CSP) joint venture with Shanghai Electric Group Co Ltd (HKG:2727) that will start with 270 MW of utility-scale plants in China.
The partners will use BrightSource's solar power tower technology.
On Wednesday, US solar company SunEdison Inc (NYSE:SUNE) also unveiled a power capacity partnership in Asia. It will team up with Aboitiz Power Corp’s (PSE:AP) renewables unit to install as many as 300 MW of utility-scale solar capacity in the Philippines in the next three years.
On the wind energy front there were also good news this week. Starting with offshore wind, Danish state-owned utility Dong Energy said Tuesday it has secured a lease to develop a 700-MW wind project in the Irish Sea. The company was selected as a preferred partner by the Isle of Man government through a bidding process. The park has to be brought online by 2023.
As for onshore wind, the big news came from Canada and Norway. Renewable energy firm Niagara Region Wind Corp (NRWC) said Wednesday it has received clearance from the Ministry of the Environment (MOE) to build a 230-MW wind farm in Ontario. More specifically, the turbines will be installed in the Niagara Region and Haldimand County in the southern part of the province.
In Norway, Swedish company Eolus Vind AB said on Thursday it has won clearance for the construction of the 330-MW Oyfjellet wind park. The firm will erect between 80 and 110 turbines, depending on the machine size it picks. The Ministry of Petroleum and Energy is yet to give its final go-ahead to the development.
RENEWABLES TO BRING 33% OF GLOBAL POWER IN 2040 - IEA
Turning to the global picture, the International Energy Agency (IEA) expects to see the share of renewables in total power generation globally jump to 33% in 2040. According to its World Energy Outlook 2014 (WEO-2014), published this week, renewable electricity generation, with hydropower included, nearly trebles between 2012 and 2040. China will be the one to achieve the largest jump in generation from renewables, more than that in the European Union (EU), the US and Japan together.