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Iberdrola to invest more than €1.1B to build a green hydrogen and methanol plant in Australia; Bell Bay Powerfuels

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Iberdrola Australia and Australia-based hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania (Australia). The company has currently installed 1,122 MW of renewables (wind, solar and batteries).

Australia 435
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Mercedes-Benz plans wind farm at Papenburg test track to cover more than 15% of Group’s electricity needs in Germany

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Mercedes-Benz plans to build a wind farm at its test track in Papenburg, northern Germany, with an output of more than 100 MW to cover up to more than 15% of the annual electricity demand of Mercedes-Benz Group AG in Germany. We make an active contribution to the energy transition and the expansion of onshore wind power in Germany.

Wind 396
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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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Our ambition is to build an advanced innovation center combined with a giga factory, meaning that we will produce fuel cells with a capacity of 1200 megawatts, or 1.2 gigawatt, per year. This corresponds to several hundred million euros in annual turnover. It is compact and suitable for retrofits as well as newbuilds.

Norway 468
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Compact pilot plant for solar to liquid fuels production

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Partners from Germany and Finland in the SOLETAIR project are building a compact pilot plant for the production of gasoline, diesel and kerosene from solar energy, regenerative hydrogen and carbon dioxide. The plant will be compact enough to fit into a shipping container. The plant consists of three components.

Solar 322
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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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Other elements of the note: BNEF cut the global solar demand forecast for 2020 from 121-152GW to 108-143GW. This could make 2020 the first down year for solar capacity addition since at least the 1980s. The exception is wind, where delivery and build schedules are tight and specialized equipment is rented for a limited time, BNEF says.

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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Wind and solar grow from 7% of generation today to 48% by 2050. This will attract $13.3

Wind 207
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. trillion of that going to wind and solar and a further $1.5 trillion of that going to wind and solar and a further $1.5

Wind 220