Author: solarenergy
“The Ministry of Industry and Trade is reviewing the legal framework, domestic practices and international experiences regarding the management, purchase and exchange of renewable energy certificates (RECs). Photo: Hoang Ha” This is part of the ministry’s plan to improve the management of carbon credits in line with the Nationally Determined Contribution (NDC). The ministry’s plan aims to raise awareness among organizations and enterprises about the importance of carbon credits and the carbon market in achieving Vietnam’s greenhouse gas emissions reduction targets. An important task is to develop a sectoral plan for the reduction of greenhouse gas emissions for the periods…
Enpal and Entrix want to build the largest virtual power plant (VPP) in Europe through their new Flexa joint venture. They plan to integrate PV systems and other decentralized energy producers and consumers into a multi-gigawatt network with an AI-powered electricity trading platform. June 14, 2024 Jochen Siemer Vjekoslav Salapic from Flexa (left) and Sébastien SchikoraImage: EnpalBy pv magazine GermanyEnpal and Entrix have worked together to build Europe’s largest VPP. Enpal has a majority stake in their joint venture Flexa, which plans to supply several gigawatts of power in the coming years. The companies did not disclose specific details on…
Voluntary carbon markets have long been touted as an important mechanism for reducing emissions. By allowing companies to purchase carbon credits, which represent a verified reduction in greenhouse gas emissions, voluntary carbon markets could theoretically accelerate the transition to a low-carbon economy. But the effectiveness of these markets is marred by concerns about the integrity and transparency of carbon credits. Now the Biden administration is trying to address those concerns. In May, the government unveiled the Voluntary Joint Policy Statement for Carbon Markets and principles, which aim to increase transparency and strengthen confidence in the markets. The joint policy statement…
TWOsupplier of battery analysis software, and NARDACenergy and infrastructure broker, have collaborated to enable better insurance coverage for battery energy storage system (BESS) owners, investors and lenders. By combining proactive real-time analytics with existing, passive risk mitigation strategies, such as physical distancing, identifying best practices in the development and operation of BESS projects becomes easier for insurers, allowing them to provide better coverage terms. The energy storage sector has struggled to secure insurance cover, with high-profile incidents of thermal runaway insurers reducing available capital. Recent research from TWAICE in collaboration with the Electric Power Research Institute (EPRI) and Pacific Northwest…
The city of Valencia, Spain, has installed solar trees to charge small electric vehicles and mobile devices, with a total investment of approximately €370,000 ($395,600). Each solar tree can generate up to 5,600 kWh per year. June 14, 2024 Jose Pedrosa PV boom in BenicalapImage: Valencia City CouncilBy pv magazine SpainThe Valencia City Council has set up four solar trees to charge electronic devices, with an investment of more than €370,000.The project uses solar panels in tree-shaped structures to generate electricity. The PV trees can charge small electric vehicles, bicycles, scooters, skateboards, phones, tablets and other electronic devices. They also…
Researchers at West Virginia University have secured $1.6 million from the U.S. Department of Energy to install and assess the benefits of agrivoltaics on small livestock farms. June 12, 2024 Patrick JowettResearchers from West Virginia University in the United States will install agrivoltaic energy on small livestock farms to assess the benefits of the technology.The research team has secured $1.6 million from the U.S. Department of Energy as part of the department’s $71 million for solar supply chain research and development projects. The researchers will investigate the benefits of agrivoltaic solar energy for crop production, livestock production and pollinator habitats.…
NEW YORK, NY / ACCESSWIRE / June 14, 2024 / Stankevicius International is pleased to announce the successful registration on Verra, enabling the company to provide carbon credits to international buyers. This milestone marks an important step in Stankevicius International’s commitment to promote sustainable practices and combat climate change through innovative carbon trading solutions.In line with this initiative, Stankevicius International is currently integrating a carbon credit purchasing system on the GO platform (go.stankeviciusinternational.com). From July 2024, international buyers will have the opportunity to purchase carbon credits directly through the interactive trading platform Stankevicius International GO, simplifying the process and making…
Impact Technologies has released a software update that provides support for the latest Inflation Reduction Act (IRA) management and reporting requirements for energy community bonus credits. “The IRA presents an unprecedented opportunity for community- and utility-scale developers, EPCs and tax equity investors, but keeping up with evolving guidelines and managing project tax compliance is no small task,” said Charles Dauber, CEO and founder of Impact. “We are proud to offer customers a turnkey IRA compliance management system, giving them all-in-one tools and services to ensure they can maximize tax benefits for their projects.” To benefit from the Energy Community Credit,…
From pv magazine 24/06The EU Critical Raw Materials Act (CRMA) entered into force at the beginning of May 2024. In an effort to diversify the supply of strategic raw materials, the CRMA sets benchmarks for the domestic production capacity of these materials.The regulation states that the EU’s domestic extraction capacity must be capable of extracting the ores, minerals or concentrates necessary to produce at least 10% of the annual consumption of strategic raw materials, “to the extent that the Union’s reserves allow this to make.” It also stipulates that domestic processing capacity, including all intermediate processing steps, must be able…
The Chinese manufacturer said its new photovoltaic air conditioner is available in three versions with cooling power from 12.1 kW to 16 kW and heating power from 14 kW to 18 kW. It can be used for both residential and commercial applications. June 14, 2024 Emiliano BelliniChinese air conditioner manufacturer Gree Electric Appliances this week launched a photovoltaic DC air conditioner for residential and commercial applications at the SNEC exhibition in Shanghai, China.“Our photovoltaic Multi VRF system can be flexibly combined with multiple solar panels and offers complete power generationsystem solution,” a company spokesperson said pv magazine. “It can also…