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Energy

What is Behind the Green Energy Boom in Vietnam?

The total capacity of the non-hydroelectric clean energy (like wind, solar, and biomass gasification) in Vietnam peaked at 109 megawatts (MW) in the year 2014, one-third of the 1% of the total installed capacity of about 34,079 MW in the world. Hydropower (46%), coal (29%) as well as natural gas controlled Vietnam’s energy mix at the moment (22%). At the end of the year 2019, 5,700 MW of installed power was accounted for by solar and wind, around 10 percent of the overall supply. That implies that Vietnam sees wind and solar power go from virtually zero to 10% of its supply in just five years. What’s behind this boom in green energy?

Vietnam’s exponential pace of growth is the main catalyst. Since 2014, Vietnam’s economy has expanded by 6% or more a year, hitting 7% in 2018 and 2019, as per the Asian Development Bank. This exponential growth drives the use of resources at an extraordinary pace. Vietnam Electricity (EVN), the electric utility which is owned by the state, has seen the quantity of energy sold rise from around 128.6 terawatt-hours (TWh) in the year 2014 to around 209.4 TWh in 2019. Electricity consumption has risen or more 11% each year, increasing at a rate far higher than the GDP. This is driving a virtually insatiable desire for further production and investment in energy.

The historical dependency of Vietnam on the hydroelectricity puts it in a vulnerable position here. The viability of river-damming power production is minimal, and the geopolitics of the region’s shared hydropower resources are already complicated. Certainly, Vietnam cannot forever regulate this degree of economic development by hydroelectricity. But what about coal as well as, natural gas the two big sources of power generation? Vietnam is a net coal importer as of 2015, importing 43.7 million tonnes in 2019. Natural gas, as well as crude oil imports, have both been increased sharply since 2014.

In 2017, EVN was approved by Vietnamese authorities to pay a competitive rate of 9.35 cents per kilowatt-hour to buy solar power from independent developers.  This form of feed-in tariffs has been shown to be, under some circumstances, effective inducements for the purpose of jump-starting renewable energy expansion. Usually, a high tariff alone would not get the task done. It must be supported by administrative and political support, particularly from the implementation body, the EVN, which is a state-owned utility, in this case. EVN dominates the transmission as well as the distribution of electricity in Vietnam via its subsidiaries and has traditionally controlled about 60% of the generation industry.

Apart from the possibility that imports of coal, as well as natural gas, are pushing up output costs (that cannot be easily recovered by higher retail prices, as the government carefully regulates Vietnam’s energy demand prices), this is part of a much broader attempt to drive through market changes and make Vietnam increasingly investment-friendly. This includes reducing the state’s position in key industries and showing that Vietnam is a location where healthy yields can be produced by private capital.

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Energy

Schools in Montclair approve vendors of green energy projects

Montclair is one move closer to the schools being able to generate renewable electricity. Two firms, Eznergy, centered in Toms River, as well as Greenskies Renewable Energy headquartered in North Haven, Conn., have been given a solar panel contract by the school district. The award of the deal to those 2 firms was approved by the Board of Education on December 2. The solar panel initiative is the form of Energy Savings Improvement Program (ESIP) of district, a $11 million set of programs to help schools save money on long-term energy bills.

The deal is recognized as a lease-purchase arrangement. The district will accommodate its buildings with solar panels as well as infrastructure and purchase solar electricity from the two suppliers at a cheaper cost than much of its electricity is currently paying for. But Greenskies, which will be responsible for funding development, will own, run and maintain these panels; Eznergy will do the installation. Three other vendors filed bids: Biostar Renewables, based in Overland Park, Kan., HESP Solar, based in Montvale, as well as Sunvest Solar, based in Pewaukee, Wis. Jeff Hintzke, Greenskies’ vice president of strategy and emerging markets, stated Eznergy and Greenskies have collaborated with other school solar ventures.

Hintzke stated Montclair would pay Greenskies, at a rate cheaper than what the district actually finances for most of its power, for the power that is generated by the panels. The district’s analysts predict that even if they implemented the solar lease-purchase, together with the other ESIP initiatives, Montclair schools might save as much as $12 million in electricity costs. Under the deal, Eznergy, as well as Greenskies, will supply power at a base price of around $0.0049 per kilowatt-hour to a school system. The district has budgeted $1,139,205 in the year 2020-2021 financial plan for utilities.

Usually, solar panels generate between 250 and 500 watts, with average higher wattages for industrial and academic solar panels as well as typical lower wattages for the residential panels. For instance, a 400-watt solar panel that gets five hours of sunshine a day will generate 2,000 watts of solar power a day or two-kilowatt hours. That would mean adding to 730-kilowatt hours annually if the panel got five hours of direct sunshine a day for a year that would cost $3.58 under the negotiated base price. “For schools, that are a lot; schools are indeed stressed due to COVID-19,” stated Jim Brown, Eznergy’s president.

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Energy

In 2 months, Turkey will start mini solar tenders, the energy minister states

In the next two months, Turkey will initiate 74 mini solar energy bids for its Renewable Energy Resource Zones (YEKA), the Minister of Energy and Natural Resources revealed. In a teleconference at the very first Turkish Solar Energy Industry Association (GENSED) Solar Energy Summit, Fatih Dönmez stated that the tenders would include solar power stations with a cumulative capacity of 1,000 megawatts (MW) distributed throughout 36 various regions.

The tenders are relevant for inspiring more investment in the nation’s solar energy market, especially for small to the medium-sized enterprises in the energy industry, the minister reiterated. “The tenders will become an essential factor in influencing the investment culture as well as investor profile,” he noted. The YEKA tenders are part of the Turkey’s target of sourcing 65% of its energy requirements by the year 2023 from domestic as well as renewable sources.

In the year 2017, a successful bid price of $6.99 per megawatt-hour (MWh) was approved by Turkey’s 1,000 MW solar tender via the YEKA tenders of the Energy Ministry. At $3.49 for every MWh, an equal capacity wind bid, also offered in 2017, was accomplished. On May 30, 2020, the nation concluded its second YEKA wind bid. Dönmez stated that it had managed to raise its installed solar power from 40 MW in the year 2014 to the current 6,630 MW over the nation’s 10 years of solar energy production.

The share of overall capacity for renewable energy has now crossed 7 percent and 4 percent for electricity generation. “Our total capacity in the solar power doubled in 3 years. Around one hour of everyday energy usage comes from solar,” he added. Dönmez stated that Turkey, in aspects of installed solar power, ranks seventh in Europe as well as 13th in the world. He reiterated the nation’s dedication to the production of renewables and the continuity of its progress over the coming years.

The energy transformation in the world is a component of its economic growth policy; he clarified how to rebuild the global economic downturn and markets. “Renewable sources represented 98 percent of 4,900 MW of total capacity installed that came online in the year 2020. Our clean energy installed capacity hit 49,500 MW as well as the share of the cumulative installed capacity currently stands at 51.7 percent,” Dönmez stated.

Also speaking at the conference, Mustafa Yılmaz, Chair of the Energy Market Regulatory Authority (EPDK), stated that the nation’s solar power capacity had surpassed 6,500 MW since investments were launched almost 5 years earlier. In order to ensure energy freedom, Yılmaz labeled solar power among the most significant options. “We started the solar investments 5 years earlier. Throughout that time, the solar power capacity in our nation increased to more than 6,500 megawatts. I will say that Turkey has generated more capacity than most of the nations that began their investments in solar power a bit quicker,” Yılmaz added.

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Energy

Year-on-year, the sale of Electric Vehicles doubles as results of fleets

Comparison to the prior year, double as many electric vehicles were recorded in 2020, with new business car tax thresholds leading the absorption. Review of the RAC’s recent sales figures from the Society of Motor Manufacturers and Traders (SMMT) reveals that since the year 2010, over 200,000 pure Electric cars have already been recorded. 21,914 electric battery vehicles (BEVs) were recorded in the month of December alone, the maximum ever registered in one month, beating the number of 21,903 in the month of September. All in all, 108,205 BEVs were marketed in the year 2020, slightly more than 66,879 registered plug-in hybrid electric vehicles (PHEVs) throughout the year.

As far as non-plug-in mild hybrids are concerned, SMMT data reveals that 110,087 vehicles have been registered. Rod Dennis of the RAC notes that there is indeed a long way to get there, with just a “small fraction” of the sum of 31.2 million vehicles zero-emission on the United Kingdom’s highways. Still, the course is becoming apparent; he stated, “The prospect of more electric cars on our highways, several sporting number plates with latest green flash ‘trademark’ could start making drivers who are thinking about changing their vehicle look at if it makes perfect sense for them all to ‘go electric’.

Aside from charging infrastructure problems, it is the challenging economics of owning or leasing a vehicle that may still push them back with the pure electric vehicles continuing to control a high retail value over their gasoline and diesel counterparts. However, discounts for fleets and business car drivers have pushed the record-breaking the year Electric car registrations, due to new benefit-in-kind (BIK) tax rates, that was launched in the last spring.  Majority of the registrations (68 percent) for BEVs as well as PHEVs is from the fleets.

Gerry Keaney, chief executive of the British Vehicle Rental and Leasing Association (BVRLA), says that 2020 has been a “tipping point” for EV uptake and demonstrates what can be achieved when Government works closely with fleets to develop a set of powerful grants and tax incentives and invest in a robust public charging network. “The recent BVRLA statistics indicates that the fleet industry continues to dominate the drive towards the zero-emission automobile, with the battery electric vehicles accounting for 21 percent of the company car registrations in the 3 months to October 2020,” he added. With 6.6 percent of all the new cars registered in the year 2020 being zero-emission, an increase from just 1.6 percent in 2019 as well as 0.7 percent in the year 2018, the increase in Electric Vehicle approvals is remarkable. This suggests that a quarter of all vehicles which were registered last year (17.5 percent) were capable of zero emissions, an increase from just 7.4 percent in 2019.

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Energy

In Romania, renewable energy reserves shift hands as energy firms turn to the green future

Two major energy firms announced the acquisition of local renewable energy resources in Romania in the month of December. Traditional energy companies are becoming increasingly keen to broaden or move into green energy divisions. This is also driving up interest in Romania’s wind and solar parks. On Dec. 23, the state-controlled hydropower corporation Hidroelectrica reported that it had struck a deal to take over 108 MW Crucea wind farm situated in the east-part of the nation from its German owners after a fiercely competitive process involving both local and foreign bidders.

Crucea Wind Farm, built by STEAG and got commissioned in the year 2014, is among Romania’s most new and better onshore wind farms with a generation capacity of 108MW. Thirty-six Vestas turbines of 3MW each are part of the farm. The partnership includes the interests in the Romanian affiliates Crucea Wind Farm as well as STEAG Energie Romania of the German company STEAG. The stake prices were not listed, but the venture was valued at up to nearly € 192 million by the European Bank for Reconstruction and Development (EBRD) during the funding process in 2013.

As one of its recently accepted growth plans, Hidroelectrica states it focuses on broadening its supply by incorporating high-quality renewable energy capabilities into its portfolio. All throughout various investment processes, the firm restated its target of staying 100 percent renewable. The offer came the week after Engie Romania concluded the purchase of, as per a company release, a photovoltaic park with a combined capacity of 9.3 MW, situated in Cristuru Secuiesc village located in Harghita County. The park comprises 2 farms and seems to be part of Ever Solar SA, a company operated by German photovoltaic park company Soventix as well as Alpin Solar, co-owner and developer.

At present, Engie Romania runs 110 MW of sustainable energy in the wind and photovoltaic sectors. Leading up to this acquisition, the Engie Romania region was active in the area of renewablepower through the operation of 2 wind farms in Galati and Braila’s counties with a generation capacity of around 100 MW. In the month of November, OMV Petrom, with activities in the oil, gas as well as electricity industries, unveiled plans to build a 111 MW photovoltaic park that will be located in south Romania region with an allocation of RON400mn (EUR 83mn), partially funded by renewable energy funding from the European Union. This will become the country’s most enormous such undertaking.

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Energy

Kiwis undervalue the capabilities of the electric cars, Trade Me numbers show

Undervaluing the driving scope of electric vehicles is keeping Kiwis back in regards to purchasing them, the newest Trade Me numbers display. Its investigation of 3000 New Zealand folks discovered costs as well as charging scope was the most significant worry restraining respondents from buying an electric vehicle. 

Trade Me chairperson of engines Alan Clark stated the investigation discovered, on average, scope anticipation was 43% lesser compared to the original proficiency. Clark stated that partakers deduced that models such as the Nissan Leaf could go up to 168 kilometers while fully charged. Conversely, they could go up to over 200 kilometres. 

The investigation discovered that 22% of respondents were likely to purchase a hybrid as their forthcoming car, likened to 12% who stated that they would probably purchase an electric vehicle. Alan stated price, the environmental outcome as well as realism were the chief determining aspects. Hybrids were less costly to purchase compared to an electric vehicle. Around July, the ordinary cost of a hybrid fell around $14,122, while the regular value of an electric vehicle fell around $17,070, Clark stated. 

Clerk cited that they observed proprietors of plug-in hybrid vehicles currently employing the electric function nearly unique, nonetheless still selecting the suppleness of being capable of switching to fuel. He further added that with more models within the market, it was not astonishing that hybrids were alleged as faintly more real. It would have been fascinating to observe if this varies over time as electric vehicles turn out to be much reachable. 

Clark stated the total figure of the people contemplating on an electric vehicle with regards to their forthcoming vehicle fell when likened with the previous year In Trade Me’s 2019 investigation, 74% or partakers stated that they would consider buying an electric vehicle. This year 67% stated that they would contemplate an electric vehicle. Clark stated that this drop was not astonishing given the outcome of coronavirus on folk’s expenditure.  

He also highlighted that there were enough homes from New Zealand looking into their expenditure during that time and shifting to electric cars, which perhaps could not have lined up when they had cheaper options throughout the indefinite period. He further highlighted that the original forthright price of an electric car was the number one motive partakers stated that they would not purchase an electric vehicle, with 69% of Kiwis perceiving that as an obstacle. Nonetheless, Clark stated that he anticipated the prices to turn out to be less of a hindrance as costs fall in the years to come.

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Energy

Giant energy providers Aria Energy and bp are collaborating to deliver quality renewable energy services

Republic Services and two energy partners Aria Energy and BP are coming together to develop a new renewable natural gas (RNG) project at South Shelby Landfill. The two giant energy providers hope to boost service delivery for the Republic to enjoy 50% more renewable landfill gas by 2030.  

South Shelby Landfill is widely known as a mega Republic Services facility whose purpose is to recycle the wastes collected countrywide to provide energy. Aria is an energy firm that facilitates the transformation of the garbage or biogas into good RNG. On the other hand, bp moves the RNG to various states via a pipeline network before selling it to renewable energy consumers. This project is the fourth in which the two giant energy providers collaborate to deliver services at a Republic Services landfill.

Aria Energy’s president and CEO Richard DiGia reiterated that this South Shelby RNG program is a vision of the firm’s effort to supply renewable energy in the energy sector by recycling waste into clean energy. The energy obtained can be used in commercial businesses, households, and electric vehicles.

The South Shelby RNG project can generate energy to cover up for over 34000 gallons of natural gas used in a single day. There are over 60 such landfill gas programs in the country which the Republic Services manages.

Republic Services’ senior executive of recycling and sustainability, Pete Keller, stated that they are working towards converting more waste into renewable energy since this is the firm’s primary objective. He added that their goal of deploying over 50% renewable energy generated from wastes by 2030 is visible and achievable if more projects align with their objectives like this South Shelby Landfill program.

Landfill gas is a result of decomposing waste material. The South Shelby RNG program converts the biogas into reusable RNG and then uses it to power a fleet of cars, including the Republic’s delivery trucks. The RNG usually minimizes the greenhouse gas emissions by half of what the gasoline and petrol-powered vehicles generate. This program and the proceeds from the RNG sale often support the state’s Renewable Fuel Standards (RFS).

In conclusion, the senior executive of bp, Sean Reavis, explained that his firm is working on the widening of its renewable energy platform to achieve zero emissions by 2050. He added that this vision would accelerate the country’s switch to clean renewable energy, thereby lowering the global warming effect.

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Energy

Electric vehicle production plan pauses even as sales escalate

The sales of electric vehicles are increasing even as the overall sales value for cars drops. EV proponents argue that South Australia is at risk of missing the chance of transitioning to electric vehicles if they don’t pass the Electric Vehicle Action Plan

Although the sales value of the automobile industry plummeted in this coronavirus period, the sale of plug-in hybrid vehicles and hybrid cars escalated. Generally, the highest sales recorded were for hybrid SUVs with a consequent drop for the ICE car sales by about 40%.

The director of the Federal Chamber of Automotive Industries, Lenore Fletcher, stated that international firms’ attention to environmental benefits had contributed significantly to the growing number of EVs entering the South Australian market. The catalyst in the high number of EV sales is the Electric Vehicle Action Plan by the State Government, which will help the country ditch fossil fuels. This plan is the government’s consultative efforts intended to cut off dependency on fossil fuels in economic drivers like the transportation industry. 

The government spokesperson states that the government is finalizing some details concerning the Electric Vehicle Action Plan before allowing its implementation in the various sectors that it will be eligible. South Australia’s Conservation CEO Craig Wilkins stated that the plan is a formulation after collaborating with industry stakeholders like EV producers, electricity utilities, and environmental agencies. 

Wilkins is unhappy that the South Australian government is sluggish in releasing a conclusive electric vehicle strategy that they had promised to release last year. He compared South Australia to other nations saying that other countries are far ahead and elaborate progress in the transition to clean energy vehicles. 

Wilkins laments over the country’s slow decision-making process to implement policies that favor this plan. He advises the government to motivate EV uptake by reducing taxes on these cars, making policies that support the EV technology and demonstrating mile range suitability of the vehicles through programs that allow test drives to take a long time. 

Wilkins advises investors to consider investing in the installation of fast-charging stations through Adelaide and other South Australian regions, especially now that the chance is open. Wilkins admits that investing in such facilities in the country will create a consumer urge to test these vehicles and also create jobs for the citizens. 

The SA Electric Vehicle Association’s Sally Knight states that the EV incentives must be more lucrative to stimulate demand for the cars and shake up the economy to phase out ICE cars. 

Finally, Knight warns that the federal government must take the challenge and advocate for the transition to electric vehicles to minimize the pollution-induced by the usage of ICE cars. Knight stated that since SA is far behind in terms of transition to EVs, then the government must act quickly through its various regulations. 

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Energy

eBussy is the latest electric vehicle invention that can be modified to over ten various designs

The eBussy is globally known as an innovative and yet lighter vehicle in the automotive industry. The model can be adjusted from its original version to 10 completely new configurations of the vehicles in this business line.  

The eBussy model comes in two chassis modules. First is the modular phenomenon that follows the ‘LEGO principle’ of adjusting the eBussy to the level that suits your needs. The modifications for this model can be either temporary or permanent, depending on the desired effect. This electric vehicle can camouflage from a pickup truck to a camping van with few adjustments.

The electric eBussy models are delightful for cruising around the highways. This vehicle can cover 200 kilometers in single charge courtesy of its combined solar system tech and recovery drives. The maximum distance that the car can navigate through in a single full charge exceeds 600 kilometers if the solar modules are still intact.

Since the vehicle has over ten modifiable and changeable designs, it meets the needs of the energetic teenagers who love such scenic changes. For instance, the vehicle can switch to a pickup, convertible, box body, camping bus, station wagon, and an off-roader in a couple of modifications.

Some of the exciting features of the eBussy are as follows. First, the car has a fixed automatic controlled wheel-drive system integrated with the advanced steering system. The car also has digital exterior mirrors and a software-controllable communication program. The vehicle has an accelerating torque of 1000Nm.

The eBussy is a lovebird in the light vehicle variants since it is the only lightweight vehicle that can be modified into other designs without interfering with the control system.

The vehicle has advanced solar foils measuring about eight square meters, depending on the model. This feature enables it to use 13 kWh daily. When it comes to acceleration, the replaceable engines can max out a distance of 300 kilometers before demanding a fix.

The eBussy models are variable and customizable to the needs of the customer. The customers can also make changes to the model once they own one. The most uncomplicated design is worth €15.800 due to its nature, while the advanced version has a high of €28.800. The latter’s high price is because it hosts power-consuming resources like TV, a freshwater tank and sink, and a fridge.

Finally, the models of the eBussy are available for the car fanatics who enjoy playing around with the models. 

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Energy

Volvo boss emphasizes benefits of state-supported charging infrastructure for electric cars

On Tuesday, the Volvo cars Chief Executive Officer (CEO) explained plug-in hybrid vehicles as a “Prevalent concept” however stressed the urge for government backing in the case of charging infrastructure.

Plug-in hybrid vehicles, commonly known as PHEVS, are vehicles that have internal combustion, just like regular cars and also a battery-energized electric motor. Talking to Squawk Box Europe of CNBC, the Chief Executive Officer, who is Hakan Samuelsson, termed the vehicles as “bridge technology.”

As a business, Volvo Cars has confirmed that it needs around 50 percent of the cars it puts up for sale to be a hundred percent electric by the year 2025, with the other remaining half traded as hybrids. On the subject of new power vehicles requiring government motivation to steer sales, Samuelsson stated that he considered for them to acquire the long term; they should have a sustainable notion that can be sold on their advantages. 

He added that during the initial conversion years, governmental backing for electric vehicles would be very accommodating, and even more helpful would be backing to expand a charging network. Indeed, diverse anxiety, which is an initiative that electric cars are not in a position to go for long trips without depleting their batteries, has, for a long time been perceived as an impending obstacle to the uptake of electric vehicles. Improved charging infrastructure is the key to fighting the perception. 

Gradually, changes are occurring concerning charging. In the previous month, McDonald’s U.K. confirmed that it was indeed preparing to initiate fast charging locations for electric cars at new drive-in bistros in the nation. 

The first food company is collaborating with a company named InstaVolt that specializes in the expertise. Charging infrastructure is also going to be initiated to the current drive in bistros where possible, with the knowledge rolled out to the latest drive-in as standard.

All over the world, governments are trying to incentivize the electric vehicles uptake and in Norway, which is frequently cited as a representation of electric cars. The Norwegian Electric Vehicle Association states that electric vehicles do not need to pay yearly road tax and should be allowed on the bus lanes and also exempted from 25 percent quality added tax on procurements, among other factors.  The association believes that the incentives are in place until late 2021, time when the government will revisit them.