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Freshfields Bruckhaus Deringer and Skadden Arps Slate 
Meagher & Flom have advised on Huaneng Renewables’ $800m (£500m) Hong Kong initial public offering (IPO). Skadden took the lead role for the Chinese renewable energy company, fielding a team led by Hong Kong corporate partner Dominic Tsun alongside Shanghai corporate and M&A 
partner Gregory Miao.

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Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have lined up to advise on Huaneng Renewables’ $800m (£500m) Hong Kong initial public offering (IPO). Skadden took the lead role for the Chinese renewable energy company, fielding a team led by Hong Kong corporate partner Dominic Tsun alongside Shanghai corporate and M&A partner Gregory Miao.

hong-kong-stock-exchange


Saudi Arabia is making a major push make renewables, especially solar power, a bigger part of its energy mix. The oil-rich country is aiming to have 41 GW of solar power capacity installed by 2032 as well as a host of other renewable energy projects like wind, geothermal and waste-to-fuel plants.

The country is planning to install 16 GW of solar photovoltaic power and 25 GW of concentrated solar power. This breakdown makes sense with CSP being very well suited for hot desert environments.

The country hopes to cut down on its oil use and increase its presence in the solar power industry. Saudi Arabia is opening up bidding for the projects in two different rounds with project sizes ranging from 5 MW and up to determine who will build the installations.

via PV Magazine


When we first wrote about the Tres Amigas SuperStation back in 2009, it was a well thought-out concept that seemed far off from becoming a reality, but an influx of new investments has pushed it forward and the project is set to break ground this summer with the transmission hub being operational in 2015.

The SuperStation will connect the three major grids in the country: the east, west and Texas grids. It will cover 22 square miles near Clovis, New Mexico and open the door for transferring renewable energy from one part of the country to another. Now wind power generated in Texas and the Great Plains can be sold to markets on the East Coast and solar power generated in California can make it to Texas.

Getting that renewable energy from the remote areas where large projects are often located to population centers has been one of the main hurdles to really powering this country with renewables. Tres Amigas could create a nationwide market for the power generated by renewable energy projects, boosting demand and helping the industry to grow.

Beyond just helping fuel renewable energy, the hub could also make the nation’s power system more reliable if all the major grids are interconnected, though smart grid technologies will also be necessary to really modernize and secure our power system.

Tres Amigas will initially only be able to transfer 750 MW between the eastern and western grids, but that starting point is better than we what we have now.

via Huffington Post


The U.S. Energy Information Administration (EIA) has released a map that shows which states have the highest concentration of renewable power. The map compares 2001 to 2011 and displays the share of total net generation of non-hydro renewable energy for each state.

As you can see, Maine, South Dakota and Iowa all are getting over 15 percent of their power from renewable sources. Maine got 27 percent of its electricity from renewables in 2011, South Dakota 21 percent and Iowa 17 percent.

The entire country has seen a major jump in renewable energy share, but the Dakotas, Wyoming and Iowa and other states in the Midwest had the mostA impressive growth over 2001 when virtually no renewables were in place. The reason for the growth in many states is due to renewable energy standards that require utilities to get a certain percentage of their power share from renewable sources. States like California, Colorado and Vermont have strict ones in place, while the entire region of the Southeast have no standards or much less strict ones and you can see how those states lag behind on the map.

If you add hydro power back in, Idaho, Washington and Oregon win with 93 percent, 82 percent and 78 percent coming from renewables, respectively.

Of course, this map shows renewable energy generation from just one perspective: percentage of total electricity generation. When it comes to total capacity, the winners are a bit different. According to the EIA, here’s the top six in 2012 in that category:

  1. Texas
  2. California
  3. Iowa
  4. Minnesota
  5. Washington
  6. Illinois

via Washington Post

Energy policy and clean energy may be political hot buttons this year, but the technological realities and challenges to achieving energy and environmental goals are seldom discussed. There is strong public sentiment that the U.S. should decrease our reliance on fossil fuels because of concerns about pollution, global warming, ecosystem damage, and energy security. Although a domestically abundant energy source, coal power is imputed as being a major contributor to smog, acid rain, and global warming . High-profile accidents associated with coal mining and coal ash management have further damaged coal s reputation. Grass-roots campaigns to replace coal as a major source of electricity claim that wind, solar, and geothermal power could replace retired coal capacity .

In 2011, 42% of the electricity generated in the U.S. was from coal, according to the Energy Information Administration . Although coal generation for 2012 is projected to fall 15 percent , coal is still expected to represent a significant percent of the nation s generating capacity through 2035. Reducing reliance on coal faces challenges beyond policy and market economics. What are the technical constraints of the U.S. electric generating system, what role does coal power play, and how can we further incorporate renewable energy sources?[More]

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China will fail to meet its carbon and energy intensity targets unless it makes dramatic changes to its electricity grid, a groundbreaking new report finds.[More]

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