The Week in Energy: Energy Transition ups and downsBy Dalia Maria de León | Fri, 11/15/2019 - 14:16
This week in the world of energy we see breakthroughs and setbacks regarding a low carbon consolidation for the future. Japan is changing Fukushima`s future going from a radioactive and polluted area to a green energy producer, IENOVA inaugurates a photovoltaic park, the European Investment Bank plans to invest in renewable energy and UK improves its production of renewables; On a down note, Mexico postpones electric auctions.
IENOVA and its Photovoltaic Park
IENOVA inaugurates a photovoltaic park Rumorosa Solar in Tecate, Baja California. With a capacity of 41 MW, this park is made up of 165,510 solar panels. This project created more than 800 direct and indirect jobs during its construction phase. Nowadays, IEnova has a portfolio of renewable energy projects with more than 1000 MW of installed capacity, which makes it one of the leading companies in green energy generation in Mexico.
Electric Auctions to be Postponed
SENER postpones the reactivation of electric auctions. In an interview with Rocío Nahle, head of the Ministry of Energy (SENER), says that at the moment, the current administration does not plan to resume the auctions since they have an imbalance. This situation has led the company to have no places to supply the energy. Nahle mentioned that they found some areas of the country where there is a lack of gas and other areas where there is an overproduction of electricity. She explained that the energy imbalances that exist throughout the national territory have modified the work dynamics of the National Center for Energy Control (Cenace), because “it has to be putting in and taking out equipment”.
The future of Fukushima will be marked by renewable energy and not by nuclear energy.
This project worth US $2,750 million will turn Fukushima’s land - consecutively affected by the earthquake, tsunami and nuclear disaster of 2011 - into a renewable energy center. A group of financial institutions like the Development Bank of Japan and the private Bank Mizuho, will invest this amount before March 2024. This plan involves building 11 solar power plants and 10 wind energy fields in mountainous areas and arable land that can no longer be exploited due to radioactive contamination.
European Investment Bank will invest in renewable energy.
The European Investment Bank will allocate US $1,835 million to green energy in the world. The projects include new wind turbines in Austria and Lebanon, 15 new solar power plants in Spain, as well as participation in small climate actions and renewable energy projects in France, Kazakhstan, Romania, Latin America and Africa.
Renewable energy production. UK versus Southern Africa
The most recent statistics from the Department for Business, Energy and Industrial Strategy (BEIS) have found that the UK has consistently improved its production of renewables and currently generates one-third of its total electricity from renewable sources.
However, renewables only account for 11 per cent of the UK’s final consumption, far from the 2020 target of 20 per cent. In contrast, the majority of Southern African nations are generating close to, if not 100 per cent renewable energy. Angola, Zambia and Namibia are just some of the Southern African countries that are producing at least double the percentage of the UK.