1. Italy’s Enel wants to buy power distributors in Brazil. One of the largest power companies in the world, the Italian Enel, announced its plans to buy three Brazilian power distributors. Chief Executive Francesco Starace mentioned this in an interview with newspaper Valor Econômico on Thursday.
Recently, the Italians have already bought a major stake in the power company Eletropaulo Metropolitana Eletricidade de Sao Paulo SA. Mr. Starace noticed that Enel was interested in acquiring Light SA, controlled by the state-run Companhia Energetica, and other two distributors of Eletrobras.
Last month, Enel made a big step towards its expansion in the Brazilian market by acquiring a stake in Eletropaulo worth 5.55 billion Brazilian reals (1.44 billion dollars).
Enel is Italy’s largest power company and one of the largest power companies in the world. The headquarters are located in Rome. Enel is now ranked the second in Europe in terms of its installed generation capacity.
2. Egypt built three new power plants. Egypt commissioned three large power plants, built by the German Siemens in the New Capital, Bani-Suef and Kafr Al-Sheikh. These projects are the largest power plants in the Middle East. The installed capacity of each reaches 4,800 MW, while the production capacity amounts to 14.4 thousand MW. The total cost of the plants reached about 6 billion euros. The President of Egypt Abdel Fattah al-Sisi thanked Siemens and noted that the company “managed to meet all requirements despite the complexity of the tasks.” Egypt plans to fully provide itself with electricity over the next 10-15 years. According to al-Sisi, the country needs to invest additional 100 billion dollars in the energy sector to reach the level of the developed countries.
The energy sector in Egypt provides the largest contribution to the national economy: it forms approximately 20 percent of the country’s GDP. This is why its development is extremely important for the general growth in Egypt.
3. Liverpool strives to become the first climate-positive city. Liverpool, located in the northwest of England, announced a partnership with Poseidon, a blockchain non-profit organisation, in order to become the world’s first climate-positive city by 2020. Liverpool plans to achieve this with the help of innovative technology. It is assumed that certain volumes of carbon released in the environment will be quantified into tokens. These tokens will have a financial equivalent. Thus, these carbon “tokens” could be sold to anyone for cash.
However, Liverpool considers this to be not the only way to achieve the goal. It is reported that the city witnessed a 550-percent growth of renewable energy facilities in 2012-2016. Moreover, the city started replacing more than 15 thousand streetlights with LED bulbs in February, in an attempt to save energy. In turn, Poseidon collaborates with the city to help it integrate the blockchain platform into daily operations. Poseidon will work with universities, business and local schools to develop a special education programme. It is worth noting that emissions trading is already a general concept and is adopted globally to reduce carbon emissions. Different countries within the European Union also use a similar structure to achieve their goals by 2020. However, the combination of blockchain and carbon trading is a new and exciting case, and it would be interesting to see how successful a new project will be.
4. APEC plans to increase its wind power capacity by 12.1 GW annually. By 2022, the annual increase in the installed capacity of wind turbines in the Asia-Pacific region (excluding China) could reach 12.1 GW (more than double 5.5 GW added in 2017. For example, Australian government initiatives will stimulate the development of energy projects. Analysts also expect Japan to accelerate the process of assessing the impact on the environment and overcome instability of the power grid. In the meantime, Taiwan will hold additional auctions post-2025, after the launch of projects announced in 2018. Such power initiatives, as analysts predict, will cause an unprecedented growth, and the total capacity of renewable energy sources in the region will reach 141 GW in the ten-year forecast period. For comparison, this figure today is slightly less than 46 GW.
It is also worth noting that in the other regions of the APEC, the cost of wind energy projects is becoming more competitive. At the same time, China, a leader in the renewable energy sector, has already installed more than 168 GW of renewables. We can only imagine which capacities China is going to build in 10 years. In general, the trend of active alternative energy development has become global and spread all over the world.
5. Japan’s Fujitsu to switch to RES in 32 years. Japan’s IT giant Fujitsu joined RE100, pledging to use 100 percent of clean energy by 2050. The intermediate goal is to achieve 40 percent of RES generated energy by 2030.
Japan’s largest IT company goes in line with more than 130 large enterprises in the global initiative RE100, headed by The Climate Group in cooperation with CDP. They all seek to use energy generated exclusively by renewable sources. “We are delighted to welcome Fujitsu to RE100” said Sam Kimmins, Head of RE100, The Climate Group. Hideyuki Kanemitsu, VP, Head of Responsible Business Unit, Fujitsu, noted: “Joining RE100 demonstrates our strong intention to deliver on our FUJITSU Climate and Energy Vision. We expect to see opportunities to collaborate with customers and various stakeholders through our RE100 membership.”
To achieve its goal, Fujitsu will consider appropriate steps for each region of its operations through expanding renewable energy purchases in Japan and around the world, starting with data centres outside Japan. Some of these data centres have already achieved a 100-percent renewable energy use level. In addition, FUJITSU aims to raise awareness about clean energy and energy efficiency through training employees on clean energy issues.