The Briefing on Power

1The latest news, trends and data from the power industry

In Data:

power in numbers

$25tn

A study has found that the Covid-19 pandemic could cause the value of fossil fuel reserves to slump by $25tn.

The full list of contracted developers for Hawaii's largest renewable tender to date has been revealed. The tender will consist of 16 projects in total.

35%

New research shows that solar power systems with bifacial solar panels and single-axis tracking technology produce nearly 35% more energy than immobile single-panel photovoltaic systems.

20-25

Poland's largest power utility is targeting the withdrawal of its entire hard coal and lignite fleet within 20-25 years.

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$4.5bn

Spanish utility Ibedrola has announced plans to invest $4.5bn over the next four years in French renewable energy projects.

in the news:

top projects kicking off this month

DEPCOM begins construction of 113MW Altavista Solar project in US

Depcom Power (Depcom) has started construction works on its 113MW Altavista Solar power plant in Virginia, US. Located near Lynch Station, the new solar power plant will cover 720 acres of land. Apex Clean Energy is developing the facility and Depcom will oversee engineering and construction works for Liberty Power.

8minute secures $225m credit for 18GW solar and storage pipeline

US-based solar photovoltaic (PV) and storage project developer 8minute Solar Energy has secured a $225m Letter of Credit (LC) facility to support its 18GW pipeline of solar and energy storage projects.

Construction of Hinkley Point C’s second nuclear reactor base complete

Electricity generation company EDF Energy, part of the EDF Group, has announced the completion of the second nuclear reactor base for Hinkley Point C in Somerset, UK. In a statement, the company said the milestone was achieved on schedule despite new working conditions implemented to safeguard workers during the Covid-19 pandemic.

In 2019, Britain saw more electricity generated from carbon dioxide-free sources such as wind, solar, and nuclear than from carbon-emitting fuels such as natural gas and coal. Furthermore, research from the World Resources Institute shows that, in the last three decades, the nation has reduced its carbon dioxide generation more than any other industrialised country.