Connect with us

Energy

Corporations bought record total of clean energy despite devastating year

Avatar

Published

on

“To not only maintain, but grow, the clean energy procurement market under these conditions is a testament to how high sustainability is on many corporations’ agendas,” said the lead author of a new BNEF report.

Corporations purchased a record 23.7 GW of clean energy globally in 2020, with the U.S. market maintaining its lead and new markets propelling growth, according to a new report from BloombergNEF (BNEF).

The 2020 figure is up slightly from 20.1 GW in 2019 and more than 10 GW above the 13.6 GW seen in 2018. In the report, BNEF noted the 2020 increase came despite a year devastated by the Covid-19 pandemic, a global recession, and uncertainty about U.S. energy policy ahead of the presidential election.

“To not only maintain, but grow, the clean energy procurement market under these conditions is a testament to how high sustainability is on many corporations’ agendas,” said Kyle Harrison, BNEF senior associate and lead author of the report.

BNEF found in its 1H 2021 Corporate Energy Market Outlook that clean energy contracts were signed by more than 130 companies in sectors ranging from oil and gas to big tech.

Regions

Although the U.S. was once again the largest market, it was less dominant than in previous years. Companies announced 11.9 GW of corporate power purchase agreements (PPAs) in the U.S. in 2020, down from 14.1 GW in 2019. According to BNEF, this represented the first year-over-year drop since 2016. The first half of 2020, coinciding with the start of the pandemic, was particularly subdued, with companies announcing just 4.3 GW of corporate PPAs in the U.S. during that period.

Latin America also had a down year, with corporate PPA volumes dropping from 2 GW in 2019 to 1.5 GW in 2020. The region was hit hard by the Covid-19 pandemic and the economic downturn. However, BNEF said companies in Brazil signed a record of nearly 1.06 GW of PPAs in 2020, as many continued to migrate to the country’s free market, where they can sign bilateral clean energy contracts directly with developers.

Once the main draw for corporate procurement in the Latin American region, Mexico saw deal volumes all but dissipate. BNEF claimed this is because the current administration continues to undermine the country’s clean energy sector.

While the U.S. and Latin America slipped back, other corporate procurement markets stepped up.

Corporate PPA volumes in the Europe, Middle East and Africa (EMEA) region nearly tripled, from 2.6 GW in 2019 to a record 7.2 GW in 2020. In Spain, companies announced contracts to purchase no less than 4.2 GW of clean energy, up from 300 MW the previous year.

BNEF said solar and wind projects in Spain yield some of the cheapest and most competitive prices in Europe, thanks to strong natural resources and a large pool of experienced developers. Companies like Total and Anheuser Busch are orchestrating “cross-border virtual PPAs” in Spain, buying clean energy in the country to offset their load elsewhere in Europe.

Corporations also purchased record clean energy volumes in the Asia-Pacific (APAC) region, announcing contracts for 2.9 GW of solar and wind. Taiwan established itself as a major corporate clean energy market in 2020, with companies signing PPAs totaling 1.25 GW. BNEF said Taiwan’s market should be supported by a new policy that requires companies with an annual load above 5 MW to buy clean power. Also, the island has a high concentration of large manufacturers, many of which are feeling pressure from their customers to decarbonize.

South Korea is expected to be the next major corporate procurement market in Asia. Policymakers revised the country’s Electric Utility Act in the beginning of 2021, creating a PPA mechanism and a green tariff program with Korea Electric Power Corp. The revision will also allow companies to purchase unbundled certificates and retire them against sustainability commitments. According to BNEF, South Korean companies face similar supply-chain pressures to those in Taiwan.

Jonas Rooze, lead sustainability analyst at BNEF, said, “More than ever before, corporations have access to affordable clean energy at a global scale. Companies no longer have an excuse for falling behind on setting and working towards a clean energy target.”

Companies

BNEF found that Amazon was the leading buyer of clean energy in 2020, announcing 35 separate clean energy PPAs in 2020, totaling 5.1 GW. The company has now purchased over 7.5 GW of clean energy to date, vaulting it ahead of Google (6.6 GW) and Facebook (5.9 GW) as the world’s largest clean energy buyer. French oil major Total (3 GW), TSMC (1.2 GW) and U.S. telecom Verizon (1 GW) were the next largest corporate buyers of clean energy in 2020.

BNEF said the flow of new companies making clean energy commitments is another indicator of how much more the market can grow. 65 new companies joined the RE100 in 2020, pledging to offset 100% of their electricity consumption with clean energy. BNEF forecast that the 285 RE100 members will collectively need to purchase an additional 269 TWh of clean electricity in 2030 to meet their RE100 goals. Should this shortfall be met exclusively with offsite PPAs, it would catalyze an estimated 93 GW of new, incremental solar and wind build.

“Investor interest in sustainability is sky high, with inflows to sustainability-focused funds growing 300% between 2019 and 2020,” explained Harrison. “Companies in all sectors, including hard-to-abate ones like oil and gas and mining, are feeling the pressure to purchase clean energy and decarbonize. This group is only just scratching the surface on the amount of clean energy build it can catalyze.”

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/26/corporations-bought-record-total-of-clean-energy-despite-devastating-year/

Blockchain

Public, private actors in Delhi trial blockchain-based solar energy trading

A peer-to-peer marketplace based on PowerLedger’s blockchain technology will enable consumers and prosumers to trade their surplus rooftop solar energy.

Avatar

Published

on

A peer-to-peer marketplace based on PowerLedger’s blockchain technology will enable consumers and prosumers to trade their surplus rooftop solar energy.

Checkout PrimeXBT
Trade with the Official CFD Partners of AC Milan
Source: https://cointelegraph.com/news/public-private-actors-in-delhi-trial-blockchain-based-solar-energy-trading

Continue Reading

Energy

Human Unitec International Announces DTC Eligibility, OTC Markets Pink Current Information Tier; Equity Stake in Sedda Green Energy Anticipated to bring over $600,000 USD per Year

Avatar

Published

on

 

Boston, Massachusetts, March 2, 2021 – OTC PR WIRE — Human Unitec International Inc., (OTC Pink: HMNU) (“Human Unitec” or the “Company”) is pleased to announce that as of February 26th, 2021, our common shares are now eligible for settlements through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Human Unitec’s common shares are now fully DTC eligible and will continue to trade in the United States under the ticker symbol “HMNU”. Through an electronic method of clearing securities, DTC eligibility reduces costs and accelerates the settlement process for investors and brokers allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

Human Unitec’s President & CEO, Fabrizio Bosticco, commented, “We want to assure our U.S. investors that we will strive to make it seamless to invest in our company. Now that our shares are fully DTC eligible, this helps the process of electronically clearing securities and reduces the costs and timeliness of the settlement process for investors and brokers. This will broaden our reach, and make it as smooth as possible for investors across North America to join us on our journey.”

On February 26, 2021, the OTC Markets upgraded our OTC Market Status to OTC Market PINK and Current with our regulatory and financial filings, including our Attorney Letter from our SEC Compliance Counsel, Matthew McMurdo, Esquire, NYC, NY.

The Company is also pleased to announce that, in the peak of the current global pandemic, on November 25, 2020 the first 10 ton tire recycling plant has been delivered to Sedda Green Energy, the plant implemented and is prepared for full operation. As previously announced HMNU own 50% of the capital shares of Sedda Green Energy and the operation of the plant will generate to the Company over $600.000,00 USD in revenue per annum.

Forward-looking statements:

This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Human Unitec International Inc., (HMNU), a startup company, and certain of the plans and objectives of HMNU with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as “anticipates”, “assumes”, “believes”, “estimates”, “expects”, “should”, “will”, “will likely result”, “forecast”, “outlook”, “projects”, “may” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where HMNU operates, industry consolidation and competition. As a result, HMNU actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

Human Unitec International
6 LIBERTY SQUARE, #2328 BOSTON, MA 02109
Contact: Telephone (413) 327.9567
Email: hmnuusa@gmail.com
https://twitter.com/HMNU_1
www.hmnuinc.com

 

 

Checkout PrimeXBT
Source: https://otcprwire.com/human-unitec-international-announces-dtc-eligibility-otc-markets-pink-current-information-tier-equity-stake-in-sedda-green-energy-anticipated-to-bring-over-600000-usd-per-year/

Continue Reading

Energy

Human Unitec International Announces DTC Eligibility, OTC Markets Pink Current Information Tier; Equity Stake in Sedda Green Energy Anticipated to bring over $600,000 USD per Year

Avatar

Published

on

 

Boston, Massachusetts, March 2, 2021 – OTC PR WIRE — Human Unitec International Inc., (OTC Pink: HMNU) (“Human Unitec” or the “Company”) is pleased to announce that as of February 26th, 2021, our common shares are now eligible for settlements through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Human Unitec’s common shares are now fully DTC eligible and will continue to trade in the United States under the ticker symbol “HMNU”. Through an electronic method of clearing securities, DTC eligibility reduces costs and accelerates the settlement process for investors and brokers allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

Human Unitec’s President & CEO, Fabrizio Bosticco, commented, “We want to assure our U.S. investors that we will strive to make it seamless to invest in our company. Now that our shares are fully DTC eligible, this helps the process of electronically clearing securities and reduces the costs and timeliness of the settlement process for investors and brokers. This will broaden our reach, and make it as smooth as possible for investors across North America to join us on our journey.”

On February 26, 2021, the OTC Markets upgraded our OTC Market Status to OTC Market PINK and Current with our regulatory and financial filings, including our Attorney Letter from our SEC Compliance Counsel, Matthew McMurdo, Esquire, NYC, NY.

The Company is also pleased to announce that, in the peak of the current global pandemic, on November 25, 2020 the first 10 ton tire recycling plant has been delivered to Sedda Green Energy, the plant implemented and is prepared for full operation. As previously announced HMNU own 50% of the capital shares of Sedda Green Energy and the operation of the plant will generate to the Company over $600.000,00 USD in revenue per annum.

Forward-looking statements:

This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Human Unitec International Inc., (HMNU), a startup company, and certain of the plans and objectives of HMNU with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as “anticipates”, “assumes”, “believes”, “estimates”, “expects”, “should”, “will”, “will likely result”, “forecast”, “outlook”, “projects”, “may” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where HMNU operates, industry consolidation and competition. As a result, HMNU actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

Human Unitec International
6 LIBERTY SQUARE, #2328 BOSTON, MA 02109
Contact: Telephone (413) 327.9567
Email: hmnuusa@gmail.com
https://twitter.com/HMNU_1
www.hmnuinc.com

 

 

Checkout PrimeXBT
Source: https://otcprwire.com/human-unitec-international-announces-dtc-eligibility-otc-markets-pink-current-information-tier-equity-stake-in-sedda-green-energy-anticipated-to-bring-over-600000-usd-per-year/

Continue Reading

Energy

TBY Holding To Acquire IP Brokerage Rights For Erdal Can Alkoclar & Metehan Yesil Patents

Avatar

Published

on

ZURICH, March 2, 2021 /PRNewswire/ — TBY Holding, a newly founded investment holding company that has recently purchased 75% shares of Europe’s largest biomass energy facility plant, has acquired the sole exclusive Intellectual Property Brokerage Rights of 128 pharmaceutical patents…

Checkout PrimeXBT
Source: https://www.prnewswire.com:443/news-releases/tby-holding-to-acquire-ip-brokerage-rights-for-erdal-can-alkoclar–metehan-yesil-patents-301238289.html

Continue Reading
Esports2 days ago

PowerOfEvil on TSM’s Spring Split playoff preparation: ‘A lot of things are going to change in the next couple of days’

AR/VR1 day ago

‘Farpoint’ Studio Impulse Gear Announces a New VR Game Coming This Year

Blockchain12 hours ago

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

Aerospace3 days ago

Astra’s 100-year plan: Q&A with CEO Chris Kemp

Blockchain12 hours ago

‘Bitcoin Senator’ Lummis Optimistic About Crypto Tax Reform

Blockchain12 hours ago

Institutional Investors Continue to Buy Bitcoin as Price Tops $50K: Report

Blockchain12 hours ago

Bitcoin Price Analysis: Back Above $50K, But Facing Huge Resistance Now

Esports2 days ago

How to download Pokemon Unite APK, iOS, and Switch

Gaming24 hours ago

Betfred Sports, Represented by SCCG Management, Signs Multi-year Marketing Agreement with the Colorado Rockies

Cyber Security3 days ago

How you can get someone’s Snapchat password?

Blockchain12 hours ago

Billionaire Hedge Fund Manager and a Former CFTC Chairman Reportedly Invested in Crypto Firm

Crowdfunding4 days ago

Verifi Reveals that Nearly $31 Billion Is Lost Yearly to Transaction Disputes, which May Be Reduced via “Proactive Management”

Aerospace2 days ago

Partners produce rotor blade 3D-printed tool on Ingersoll 3D printer

Automotive3 days ago

Rivian shares details on the R1T pickup’s clever battery heating strategies

HRTech2 days ago

Only 57% Indian employees feel GTL insurance cover by employer is sufficient

Cyber Security3 days ago

Critical Vulnerability Discovered in a Firewall Appliance Made by Genua

Aviation2 days ago

Uganda Airlines To Fly The Rare Airbus A330-800 To London Heathrow

Crowdfunding4 days ago

Fintech Unicorn Brex Explains how Digital Commerce Startups can Scale Operations by Selling Wholesale

Payments2 days ago

4-parter on Coinbase “IPO” – Part 1 = 5 Reasons Why It Matters

Crowdfunding5 days ago

Kraken Bank CEO David Kinitsky Provides Glimpse into How He’s Planning to Set Up Operations, As Company Might Acquire More Funding

Trending