Martin Baart

Slightly reduced #overcapacity in the Chinese solar industry — will this calm tempers in the European solar sector? Probably not. However, the move is likely to raise interest. By imposing stricter capital requirements in the form of a minimum capital ratio of 30% instead of the previous 20%, Beijing aims to somewhat curb the production of solar systems. Efficiency standards will also be increased. At least, this should lead to the consolidation of manufacturers and the closure of outdated plants. According to estimates, China could meet global demand alone by 2032 with its existing and planned production facilities. This latest announcement is unlikely to shake its dominance. #solarindustry #China https://t.ly/8aWHf

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𝗚𝗲𝗿𝗺𝗮𝗻𝘆 𝗧𝗮𝗸𝗲𝘀 𝗔𝗰𝘁𝗶𝗼𝗻 𝘁𝗼 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗲 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝗪𝗶𝗻𝗱 𝗧𝘂𝗿𝗯𝗶𝗻𝗲 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿𝘀, 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲'𝘀 𝗪𝗶𝗻𝗱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 🌍🛠️ Bundesministerium für Wirtschaft und Klimaschutz has introduced a new package of measures to ensure fair competition in the wind energy market, specifically addressing competition from Chinese wind turbine suppliers. This five-point action plan which aims to boost European manufacturers and reduce dependencies on critical components like permanent magnets, which are currently over 90% sourced from China. Key aspects of the plan include improving cybersecurity for wind turbines, revising financing practices by EU and German banks for projects using Chinese technology, and aligning investments with European industrial and ESG goals. As part of the initiative, EUR 16 billion in financial guarantees will support the ramp-up of local production capacity, ensuring Europe’s wind industry remains competitive globally. This move highlights Germany’s commitment to advancing Europe’s renewable energy goals and building a robust, resilient wind energy sector. Exciting times ahead as Germany leads the charge toward a more sustainable and competitive future! 🌿 #Germany #WindEnergy #RenewableEnergy #BMWK #EuropeanIndustry #CleanEnergy #Sustainability #GreenFuture #EnergyTransition #WindEurope

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Münster (iwr press service) - The use of solar energy in Germany continues to grow. From January to August 2024, new solar systems with an output of around 10,200 MW (previous year 2023: 10,100 MW) were already installed. This is the result of a current analysis of data from the market master data register (MaStR) of the Federal Network Agency (BNetzA) by the International Business Forum for Renewable Energies (IWR). In total, as of the end of August 2024, around 4.5 million solar systems with an installed output of around 93,200 MW were in operation in Germany (BNetzA data status: September 5, 2024). The federal government has thus already exceeded the solar expansion target for 2024. According to current market data, the solar boom in Germany is also unbroken in the current year. "If the trend continues until the end of 2024, then, as in the previous year, over a million new solar systems with an output of over 15,000 MW will be built," said IWR boss Dr. Norbert Allnoch in Münster. In terms of the total photovoltaic output installed in Germany, the 100,000 MW mark is still within reach, according to the IWR forecast, given the dynamic course of the year so far. This means that the federal government's 2024 expansion target of 88,000 MW (88 GW) of solar output in accordance with the expansion path for renewable energies (Section 4 EEG 2023) has already been exceeded ahead of schedule. Allnoch: "Even if the solar expansion in Germany currently seems high at around 15,000 MW per year, the pace of expansion in China currently overshadows everything on an international level. In China, solar systems with a capacity of 123,500 MW were newly built in the first seven months of 2024 alone. A record annual increase of around 250,000 MW of solar capacity is expected in China in 2024. In Germany, the total solar capacity has so far reached around 93,200 MW, but it took us 30 years to achieve this." For Germany, the current IWR forecast for 2024 remains unchanged, according to which the newly connected wind and solar capacity in Germany could reach 15,000 to a maximum of 20,000 MW (15 - 20 GW), also due to the new offshore wind turbines. The additional annual electricity generation from the domestic wind and solar expansion alone in a single year (2024) will reach around 20 billion kilowatt hours of electricity. By comparison, in order to produce this amount of electricity with nuclear power plants, at least two large nuclear power plants would have to be connected to the grid, with construction times of 10 – 15 years for each nuclear power plant.

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25.04.2024 - Investoren Plattform News: Impact 2024 U.S. Clean Electricity Outlook The Rise of Battery Storage and Solar Power Looking ahead to 2024, U.S. generation capacity projections unveil a promising trajectory for battery storage and solar power. Battery storage is projected to grow by 82% compared to 2023 projections, while solar is projected to grow by 40%. Growth is also expected for wind power, albeit at […] und mehr als 7.100 weitere Artikel finden Sie unter:  https://lnkd.in/ewJuFEcH

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https://lnkd.in/enXz59_9 Funding decisions for large electrolyzer and hydrogen industrial network in Hamburg Where the Moorburg power plant used to generate electricity from coal, a 100 MW electrolyzer will in future produce green hydrogen and use it to supply industrial plants south of the port. Yesterday, Monday, Federal Minister of Economics Robert Habeck and Hamburg's Senator for the Environment Jens Kerstan publicly presented the funding decisions from the federal and state governments for two projects: the Green Hydrogen Hub (HGHH) with a 100 MW electrolyzer and the hydrogen industrial network HH-WIN. The federal and state governments' funding for both projects totals 250 million euros. The HGHH electrolysis project and the HH-Win hydrogen industrial network in Hamburg are two of a total of 23 projects that, strictly speaking, received funding from the federal and state governments in July as part of the IPCEI funding. They belong to the third so-called Hy2Infra wave of the IPCEI Hydrogen. IPCEI stands for "Important Projects of Common European Interest". Projects with this designation may receive higher funding rates from member states than would normally be permitted under EU state aid rules. On February 15, 2024, the EU Commission recognized the 23 projects as IPCEI projects under state aid law. From coal-fired power plant to hydrogen hub The Green Hydrogen Hub is to be built on the site of the Moorburg coal-fired power plant. Hamburger Energiewerke acquired the Moorburg power plant in March 2023. The subsidiary Energie Hub Moorburg began dismantling the power plant in October 2023. Some of the rubble from the plant is to be reused directly on the site. Parts of the existing infrastructure and systems are also to continue to be used for the electrolyzer. These include, for example, the water treatment plant and the workshop and storage building. The HGHH consortium of Hamburger Energiewerke and Luxcara has also been working on the detailed planning of the electrolyzer since autumn 2023. After receiving the funding approval, the companies now want to award the contracts for the large components and the construction of the 100 MW electrolyzer this year. Construction is scheduled to begin in 2025. The production of green hydrogen will be gradually ramped up later. The consortium wants to supply hydrogen consumers from various industries. Negotiations are already underway with many companies to this end. In addition to the HH-WIN network, deliveries will also be made via a truck loading station. Construction of the hydrogen industry network in Hamburg has begun Construction work for the Hamburg hydrogen industry network (HH-WIN) has also already begun, and the first major pipeline sections are now underway. Among other things, a tunnel with a diameter of around 1.4 meters will cross the port railway and a dike.

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Today is a big day for the ramp up of the hydrogen economy – a key element of the energy transition! RWE and other companies have received grants from the German federal and state governments to develop large-scale hydrogen projects. RWE has been awarded grants for two projects. They are part of the GET H2 initiative, a unique integrated approach along the entire value chain. Several partners are planning hydrogen production, transport as well as storage infrastructure – a huge effort for the decarbonisation of industry. RWE will receive funding for the construction of a 300-megawatt electrolysis plant in Lingen, Lower Saxony, which will be one of the largest facilities in Europe. The second project is our storage facility in Gronau-Epe, North Rhine-Westphalia, which will help to buffer the fluctuating production of green hydrogen. Furthermore, we are also part of a consortium that is working towards the construction of a 100-megawatt electrolysis plant in Rostock. This is another project that has received a grant. The EU has certified all the projects as “Important Projects of Common European Interest” (IPCEI), which was the basis for the funding commitments. I am very happy that we are moving forward, after more than three years, more than 1,000 pages of documents and countless hours answering detailed questions. I think we can all agree that there are opportunities for speeding up such bureaucratic processes on a European level to uphold Europe’s competitiveness. For today, we can celebrate that the ramp-up of the hydrogen economy is now underway. A massive well done to everyone involved from #TeamRWE and our partners.

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I'm honored to have been featured in a recent article by German press agency dpa around the solar exhibition Intersolar, where I had the opportunity to discuss the pressing challenges and dynamic opportunities within the European solar industry. The article featured by Sueddeutsche Zeitung and many others depicts the intense price competition in the solar module market and its significant impact on Europe's solar manufacturers. It's a critical time for our industry, and I believe that innovation, partnerships and strategic thinking are crucial to navigate these challenges and drive the sector towards a sustainable and competitive future. You can read the full article here: https://lnkd.in/d-t6rMwB #SolarEnergy #RenewableEnergy #Sustainability Dr. Johannes Schneider, Paul Nillesen, Dirk Niemeier, Markus Schörghuber, Christian Brand, CFA

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The climate protection activities of the German economy continue to gather pace. This is the result of a recent study by Union Investment, which evaluated DAX-listed companies regarding their CO2 reductions since 2018, the integration of climate criteria into executive compensation, and their further CO2 reduction targets. While last year only seven of Germany’s largest companies had set targets aligned with the national goal of reaching net zero by 2045, eleven companies are now on track to meet this target. The top-ranked companies stand out by excelling in nearly all dimensions, with RWE, ranked first, having significantly reduced its emissions in recent years. It is encouraging that we have been recognised as a role model for our emissions reduction efforts and successes. What makes the study so valuable is that it focuses less on merely assessing the status quo and more on the pace of change and the execution of ambitious targets. Overall, this is a great confirmation and recognition of our company’s transformation. We are steadfastly continuing to follow and implement our Growing Green Strategy and decarbonise our portfolio. Our commitment to our clearly defined goal—becoming net zero by 2040—remains strong. I would like to congratulate and thank the entire #TeamRWE for this success. We will continue to be a driving force in this transition. 

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Today at the EM-Power Europe Conference in Munich, I took part in the “Demand Side Flexibility - the Role of Grid Infrastructure, Market Parties and Digitalisation in Meeting Consumers’ Expectations” session alongside Andreas Jahn, Sebastian Mahlow, Dr. Frank Schlichting and Alex Schoch, and moderated by Carmen Gimeno de la Fuente. The growing electrification of our society puts Power Grids at the centre of the Energy Transition, and according to the Eurelectric “Grids for Speed” report, EU 27 countries and Norway will need to invest around 67 B€ per year from 2025 to 2050 to enable a successful Energy Transition and secure energy supply. EDP's network distribution companies operate in Brazil, Portugal, and Spain, and comprise 389k kilometres of networks and distribute 86k GWh to 11,8M connections. We are actively working to enable the Energy Transition, connecting renewable power plants, self-consumption installations, energy communities and electric mobility charging stations, using Smartgrids as the backbone to connect and provide information, and providing 400M daily data records in Portugal alone, information that we share with everyone through our Open Data Portal (e-redes.opendatasoft.com). We are conducting flexibility pilots and adopting more and more Agile practices to make the most of our resources. We work relentlessly for our grids to enable the Energy Transition. #grids #energy_transition #smart_meters

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For German speaking contacts, please have a look at this article in PV Magazine on this IEA PVPS - Photovoltaic Power Systems Programme Task 12 report

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Early in the energy transition renewables were thought to be another business now Europe demonstrates renewables are the business.

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"The transformation of the electricity system requires a higher innovation dynamic and an expansion of the technology toolbox of grid operators." John Fitzgerald, CEO of SuperNode Ltd, discussed Germany’s energy future in Tagesspiegel Background Energie & Klima this week. Germany's energy transition demands not just infrastructure expansion but a rethink of our technologies. #Superconductors, with their high transmission capacity and lower raw material needs, offer a promising solution. To fully utilise these technologies, we need innovation-friendly regulation enabling pilot and demonstration projects. Read more here: https://lnkd.in/eMf7cfEq

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The future of Europe’s energy security and competitiveness needs a robust, interconnected #DCOverlayGrid. This grid will become the essential backbone for transporting #renewableenergy across long distances, connecting #offshore wind farms in the North Sea - our #GreenPowerhouse - and industrial centers across Germany and Europe. To dive into this pivotal milestone in our energy transition, I had the pleasure of opening TenneT’s first #DCGridVisionConference in Berlin today with Giles Dickson, CEO of WindEurope. At TenneT, we believe that the DC Overlay Grid is key to scaling offshore wind and securing Germany’s and Europe’s industrial future. Achieving this vision requires longterm planning to allow investment, paired with the flexibility to adapt to shifting markets and technologies. In addition we strengthen the supply chain with #FrameworkAgreements for supplier security and #standardization for serial production. Cross-border collaboration is crucial. By connecting Europe’s grids, we aim to enhance efficiency, reduce costs, and strengthen energy security – in Germany and in Europe. The future of our energy transition hinges on a shared #DCVision and collaborative action. Together, we can make it a reality. #LightingTheWayAheadTogether

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Spanish PV group Sivortex is set to revolutionize the renewable energy landscape with their ambitious Actuel Solar project in Teruel, Spain. This innovative initiative will combine 100 MW of photovoltaic generation with 200 MWh of liquid CO2 storage, offering a cutting-edge solution for energy stability and sustainability. Key Highlights: - Innovative Energy Storage: The project will replace conventional batteries with an industrial system that stores excess solar generation through the thermodynamic transformation of CO2. This system efficiently converts gas to liquid for storage and then back to gas to generate electricity at night. - Massive Investment: Sivortex plans to invest €120 million to build this groundbreaking plant, which will occupy 274 hectares in the La Paz business park. - Shared Self-Consumption: The project aims to provide stable, low-cost energy to local companies, boasting the largest PPA (Power Purchase Agreement) in the European Union. - Local Engagement: Since the project's announcement, there has been a surge of interest from local companies wanting to invest and participate, highlighting strong community and industry support. Sivortex CEO Carlos Badía shared, "We are receiving requests from companies in the area that want to invest in the project. This overwhelming interest underscores the project's potential to transform energy consumption and storage." This visionary project showcases how innovative energy storage solutions can enhance the efficiency and sustainability of renewable energy, paving the way for a greener future. 🔗 Read more about the Actuel Solar project: https://lnkd.in/dxDJ_RPR #RenewableEnergy #SolarPower #EnergyStorage #SustainableFuture #CleanEnergy #Innovation #GreenTechnology

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This is a very interesting analysis of a lost opportunity.

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If you're wondering how much your battery storage system could have earned last month, we at suena have the answer. From now on we compare monthly, how different trading strategies for battery storage systems perform. Here are the results for May - with a clear favourite: a multi-market approach that combines all relevant wholesale markets with ancillary services. 🔋

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More accurately it is not a lack of grid capacity. The problem is that grids require load balancing of power, something renewables do not offer. So in reality, renewable energy creates problems that hydro, nuclear, coal and gas power plants do not cause-the newly generated power needs to be balanced before it hits the grid. Most countries grids need updating, and need more high voltage transmission lines. But it is renewable energy, that is intermittent and unbalanced, that is the problem.

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"According to an analysis by Rystad Energy, installed photovoltaic and wind power capacity in China surpassed coal capacity in June for the first time in history. The Norwegian consulting firm predicts that by 2026, photovoltaics alone will replace coal as China's primary power generation mode in terms of installed capacity, with a cumulative capacity of over 1.38 terawatts, 150 gigawatts more than coal." And then to think that we still have people who believe that we in the West are the only ones on the planet who shift to clean energy... https://lnkd.in/eRgvxWj3

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The trend of extremely favourable module prices has been going on for a very long time now.   The fact that cheap modules can be both an opportunity and a risk was well illustrated by PV Magazine in November, when a considerable price trough was reached: #pv #prices #modules #cce #pvmagazine

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