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SFCE Aug 7
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Wind Shows Fastest Rise of All Power Sources in Brazil
Aug 7, 2015 | BNA Daily Environment Report
By Michael Kepp
In Brazil, wind power's share of the electricity matrix rose 99.1 percent, to 6,183 megawatts, during the 12-month period that ended in June, according to the Mines and Energy Ministry. “During the last year, wind power's installed capacity grew so much. Since 2009, when the government began holding ... -
Germany’s second PV tender oversubscribed three-fold
Aug 6, 2015 | PV Magazine
The call for proposals for ground-mounted projects for Germany’s second solar PV round ended this Monday, with 136 bids received by the Federal Network Agency. At 150 MW, it was oversubscribed three-fold. -
Strong winds help Denmark’s Greentech Energy to profit in H1 2015
Aug 7, 2015 | See News Renewables
By Militsa Mancheva
Danish renewables company Greentech Energy Systems A/S (CPH:GES) has turned to a EUR-2.5-million (USD 2.7m) net profit in the first half of 2015, from a loss of EUR 715,000 a year back. -
Electricity generates 64% of EU emissions savings from renewables
Aug 7, 2015 | See News Renewables
By Mariyana Yaneva
Electricity produced by renewables, mostly wind and solar, accounted for 64% of the greenhouse gasses (GHG) emissions savings generated in the EU thanks to renewable energy use, a report by The European Commission's Joint Research Centre (JRC) shows. -
SunEdison reports 1.9GW of projects under construction
Aug 6, 2015 | PV Tech
By Mark Osborne
Major renewable energy developer SunEdison said projects under construction increased by 1.1GW in the second quarter, compared to the prior quarter, resulting in a record total of 1.9GW of projects under construction.
Industry News
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Wind Shows Fastest Rise of All Power Sources in Brazil
Aug 7, 2015 | BNA Daily Environment Report
By Michael Kepp
In Brazil, wind power's share of the electricity matrix rose 99.1 percent, to 6,183 megawatts, during the 12-month period that ended in June, according to the Mines and Energy Ministry.
“During the last year, wind power's installed capacity grew so much. Since 2009, when the government began holding energy auctions, wind accounted for 14,000 MW, 50 percent of all the 28,000 MWs of energy sold at these auctions,” Elbia Gannoum, president of the Brazilian Association of Wind Power Producers, told Bloomberg BNA Aug. 5. “And because the wind power sector is growing at an exponential rate, a far greater number of wind farms were installed in the last 12 months than in past years.”
The next fastest-growing source of electricity in Brazil was oil-fueled thermoelectric plants, whose installed capacity jumped 28.1 percent during that same 12-month period; followed by biomass-fueled thermoplants, with a 9.2 percent increase in installed capacity; and coal-fueled thermoplants, with a 6.6 percent increase, according to the ministry.
Wind power now accounts for 4.5 percent of the installed capacity of the electricity matrix, hydroelectric power accounts for 65.7 percent, thermoelectric power accounts for 29.8 percent and solar power accounts for 0.01 percent, the ministry said.
The next government-sponsored energy auction where wind energy will be sold will be Aug. 28.
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Germany’s second PV tender oversubscribed three-fold
Aug 6, 2015 | PV Magazine
The call for proposals for ground-mounted projects for Germany’s second solar PV round ended this Monday, with 136 bids received by the Federal Network Agency. At 150 MW, it was oversubscribed three-fold.
The Federal Ministry of Economics says this indicates the success of its strategy change. "The second call for proposals was successful," stated Rainer Baake, state secretary for the ministry, adding, "We are excited to see what the results are of the so-called unit price method, applied for the first time in this round, in relation to the surcharge value," he added.
The agency is still considering the validity of the bids; the surcharges will be announced later. According to the rules, it only has a few working days to issue the allowances. This time, however, it will not be a pay-as-bid process, like in the first round, where bidders bid for the price of their solar power, but rather a uniform pricing method, meaning the price for all projects will be determined by the last successful bid.
For this reason, the agency will only announce the unit price when it is clear there are no replacement candidates, which will occur if the successful bidders fail to pay their deposits. If there are replacements, the unit price will be pushed up.
In the first PV tender round, the Federal Network Agency received 170 bids, of which 37 had to be ruled out due to various errors. Overall, 25 bids totaling 157 MW were successful, 11 of which were made by the Sybac Group. Prices for the successful projects were between €0.848 and €0.943/kWh.
http://www.pv-magazine.com/news/details/beitrag/germanys-second-pv-tender-oversubscribed-three-fold_100020515/#ixzz3i7uBEKlj
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Strong winds help Denmark’s Greentech Energy to profit in H1 2015
Aug 7, 2015 | See News Renewables
By Militsa Mancheva
Danish renewables company Greentech Energy Systems A/S (CPH:GES) has turned to a EUR-2.5-million (USD 2.7m) net profit in the first half of 2015, from a loss of EUR 715,000 a year back.
The turnaround followed a 6% on-the-year increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR 17.2 million, the company said Wednesday. This improvement is mainly due to the favorable wind conditions in Italy and Germany in the six-month period, coupled with savings related to the firm’s restructuring plan.
Greentech Energy’s January-June performance also benefited from a roughly EUR-2.2-million positive net impact on its earnings before taxes (EBT). It came as a result from lower depreciation charges related to an increased useful life of the firm’s wind parks.
Revenues for the first six months of the current year grew by 4% to EUR 30.1 million, helped by strong performance of Greentech Energy’s Environment business segment.
As of the end of June, Greentech Energy operated 311.5 MW of solar and wind parks in Denmark, Germany, Poland, Italy and Spain. The plants produced 220.3 GWh in the first half of 2015, up 3% year-on-year
http://renewables.seenews.com/news/strong-winds-help-denmark-s-greentech-energy-to-profit-in-h1-2015-487481
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Electricity generates 64% of EU emissions savings from renewables
Aug 7, 2015 | See News Renewables
By Mariyana Yaneva
Electricity produced by renewables, mostly wind and solar, accounted for 64% of the greenhouse gasses (GHG) emissions savings generated in the EU thanks to renewable energy use, a report by The European Commission's Joint Research Centre (JRC) shows.
Building on data provided by EU Member States in their 2011 and 2013 progress reports, JRC analyses how fossil energy carriers are displaced by renewable sources in three sectors: electricity, heating/cooling and transport and outlines the framework to quantify the impact of renewable energy deployment on GHG emission.
GHG emission savings due to final renewable energy consumption in electricity, cooling/heating and transport sectors rose at a compound annual growth rate of 8.8% from 2009 to 2012.
The report estimates that in 2012, when total GHG emissions reached the equivalent of 4546 Mt CO₂, the deployment of all renewables in the EU avoided the equivalent of 716 Mt CO₂ emissions. According to the report, the highest contribution by renewables in climate change mitigation in the EU in 2012 came from renewable electricity, which covered 64% of the savings, due to high penetration of wind and solar power, followed by renewable heating and cooling (31%) and renewable transport (5%).
Nearly two thirds of the total savings came thanks to renewable energy development in Germany, Sweden, France, Italy and Spain.
Renewable energy has a large potential in the portfolio of climate change mitigation and its increasing share in gross final energy consumption is a main option for lowering the GHG emissions from the energy system in the European Union, the researches at JRC conclude.
In October 2014, EU leaders agreed on more ambitious goals for 2030 with a domestic emission reduction target of at least 40% below 1990 levels and increase of renewable energy share of at least 27% and an energy efficiency goal of at least 27%.
http://renewables.seenews.com/news/electricity-generates-64-of-eu-emissions-savings-from-renewables-487480
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SunEdison reports 1.9GW of projects under construction
Aug 6, 2015 | PV Tech
By Mark Osborne
Major renewable energy developer SunEdison said projects under construction increased by 1.1GW in the second quarter, compared to the prior quarter, resulting in a record total of 1.9GW of projects under construction.
SunEdison guided full-year MW figures to be between 1.2GW to 2.3GW, which included PV and wind. Third party sales were guided in the range of 260MW to 300MW.
According to PV Tech’s leading Photovoltaics Energy Provider (PVEP) annual PV project business analysis, SunEdison’s estimated PV completions in 2015 remains in the range of 1.56GW to 1.9GW. At the high-end of estimates, SunEdison would almost double PV project completions this year, compared to 2014.
SunEdison also reported that its combined project pipeline stood at 8.1GW at the end of the second quarter, a 1GW increase, quarter-on-quarter due in part to acquisitions. The current backlog stood at 5.6GW, while 2016 guidance was up 50% to 4.2GW to 4.5GW.
Net sales in the second quarter were US$455 million, compared to US$323 million in the first quarter of 2015.
The company posted a record 404MW delivered in the quarter, compared to gudinace of between 300-340MW, an increase of 186MW year-on-year.
Ahmad Chatila, SunEdison chief executive officer and TerraForm Power chairman said: "During the second quarter, we continued to balance operational execution while meeting our strategic objectives. On the operations front, our leading organic development engine continues to execute as we exceeded our megawatt and Retained Cash Available for Distribution (CAFD) guidance, delivering 404MW and US$63 million, respectively.”
SunEdison noted that it expected third quarter 2015 deployments in a range of 540MW to 600MW, of which it would retain between 490MW to 530MW. Third party sales are expected to be in the range of 50MW to 70MW.
Management noted in its second quarter earnings call expects over 800MW of completions from its Vivint acquisition in 2016. Based on its business module, SunEdison would breakeven on Vivint-based installations of 400MW in 2016.
On regional basis, growth is coming from diverse regions, noted by the First Wind acquisition outside the US.
The commercial sector in the US was also said to be a big push for the company, noting that it had 200MW to 300MW of incremental backlog this year.
The company also dropped down four PV power plants from the UK, accounting for 43% of dropdowns in the second quarter, totalling 62.2MW.
http://www.pv-tech.org/news/sunedison_reports_1.9gw_of_projects_under_construction
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