Masdar looks forward to virtual ADSW Summit 2021
ABU DHABI, January 17, 2021 Masdar has said maintained a positive trajectory over the course of 2020. Despite the challenges posed by the Covid-19 pandemic, through the year Masdar expanded its global footprint, increased the generation capacity of its portfolio, and added new tenants for Masdar City. Masdar entered a number of key strategic markets through the year, with the company now being active in more than 30 countries across the globe. Having pledged at the beginning of 2019 to double its then 4-gigawatt energy portfolio within five years, Masdar will close 2020 with a total generation capacity of almost 11 GW.
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Atlantic Shores, the 50-50 joint venture between EDF Renewables North America and Shell New Energies US LLC, estimates their first project would be completed as early as 2027 and if awarded, the largest sized project in its bid could yield a 16 per cent reduction in New Jersey’s carbon dioxide emissions from electricity generation by powering the equivalent of nearly one million homes.
If the Atlantic Shores bid is selected, the developer intends to utilize the state’s New Jersey Wind Port for staging and marshalling as the port is built over the next several years.
“As the holder of one of the largest offshore wind leases in the United States, Atlantic Shores has an incredible opportunity to help meet New Jersey’s demand for clean, affordable energy within our 180,000 acres,” said
Wind turbines may still have a future in Ohio, but for now the emphasis is on solar power
Updated Jan 01, 2021;
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expressed desire to make America’s energy sector carbon-free by 2035.
Yet most of the development of wind and solar farms is driven by what’s going on at the state level, and in Ohio the political climate for renewable energy has not been welcoming.
The controversial
House Bill 6 reduces and eventually eliminates so-called renewable portfolio standards. And the prospects for windfarms have been additionally hampered by strict setback standards imposed in 2014.
So, what are the prospects for 2021 and beyond? To get a better understanding of the state of wind and solar in Ohio, cleveland.com and The Plain Dealer spoke with several developers of utility-scale wind and solar projects, defined as producing 50 megawatts or more of electricity.
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Sovereign wealth funds are pouring cash into clean tech investments, a move that could provide the funding needed to accelerate the development of green technologies to combat climate change.
Managing more than $9 trillion of capital globally, sovereign wealth funds (SWFs) from China, Singapore, the Middle East, and Norway are ratcheting up their interest in the clean tech sector to tap into the global shift towards energy efficiency and lower carbon emissions.
“Sovereign Wealth Funds are spending a lot more time and money on the whole ESG impact and sustainability space. That’s a huge trend,” Makram Azar, founder and CEO of private-investment and advisory group Full Circle Capital, said.