The Briefing on Power

The latest news, trends and data from the power industry

In Data:

power in numbers

44%

2019 saw corporations increase their clean energy buying by 44% from 2018, according to Bloomberg's 1H 2020 Corporate Energy Market Outlook

28%

Research from commercial law firm EMW shows that the number of renewable energy patents filed in 2018/2019 increased by 28% from the previous year, with 81% of green energy patents from China

$54bn

Despite earnings of $54bn in the last five years, five of Australia's top coal companies have paid no income tax. New analysis by The Saturday Paper and michaelwest.com.au has found that many fossil fuel companies pay little or no income tax in Australia

100MW

Capital Dynamics’ Clean Energy Infrastructure has signed a power purchase agreement with Indiana Municipal Power Agency for 100MW generated by a greenfield PV project in Indiana.

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23GW

According to IHS Markit, Europe added 23GW of new solar power generation capacity in 2019, an 88% increase year-on-year.

in the news:

top projects kicking off this month

New York announces $341m funding to rebuild transmission lines

The Government of New York has announced a funding of $341m to rebuild an 86-mile stretch of ageing Moses-Adirondack transmission lines. The funding will allow the New York Power Authority (NYPA) to support the state’s energy system and meet clean energy goals.

Greengate and CIP to invest in Canada’s Travers solar energy project

Canadian renewable energy company Greengate Power Corporation and fund management company Copenhagen Infrastructure Partners (CIP) have reached an investment agreement for the Travers Solar project. According to the agreement, CIP is expected to fund the development, construction and operation of the solar facility.

AGL signs deal for 100MW battery energy storage system in Queensland

AGL Energy has signed a 15-year agreement to purchase power from a 100MW Battery Energy Storage System (BESS) to be built at Wandoan, Queensland, Australia. The company signed the agreement with Vena Energy Australia, which will build, own and maintain the BESS.