Renewable energy or clean energy ETFs that track industries like wind and solar farms are attracting more interest among investors seeking low-risk opportunities during this volatile period. "There is certainly some increased interest and discussion around uncorrelated yields, and renewables falls into that category," David Giordano, global head of renewable power at BlackRock Inc, told [...] The post Renewable Energy ETFs Could Be a More Stable Play During Distressing Times appeared first on ETF Trends.
The growing mismatch between Germany's renewables capacity and the strength of its electricity network is leading to curtailment, crazy pricing and challenges for neighboring nations. Although Germany is generating record amounts of clean energy in the north, its grid is too weak to transport all the power down to load centers in the south -- a longstanding challenge for the country that's only getting worse. One of the most visible effects of this renewable energy saturation on the German grid is negative wholesale electricity prices, or times when consumers are effectively being paid to use excess power.
Northland Power, the Canadian renewables operator, announced the acquisition of the long-gestating but still early-stage NaiKun offshore wind project off the west coast of Canada -- giving a dash of energy to the otherwise somnolent Canadian offshore wind market. Northland owns a range of generating assets across Canada but has made its biggest mark in recent years by investing in offshore wind projects in Europe and East Asia. On Monday, as part of a COVID-19-related update to investors, the company announced plans to acquire the NaiKun offshore wind project from its small but publicly listed developer, the NaiKun Wind Energy Group.
Renewable energy groups are continuing to push to include solar and wind tax credit extensions and 'direct pay' provisions in a nearly $2 trillion coronavirus stimulus bill that failed to move ahead in the U.S. Senate on Monday, after Democrats and Republicans angrily accused each other of undermining the bill by seeking special status for favored industries. But with Republicans and fossil fuel interests already blaming these clean energy provisions for the bill's delay, one renewable energy tax expert is suggesting a non-political remedy to the growing uncertainty over wind and solar projects' federal tax credit status.
It seemed that nothing could slow the global renewable-energy juggernaut. Nothing, that is, until COVID-19. From the solar factory floors of China's Jiangsu province to wind farm country in West Texas, the clean-energy industries are struggling to gauge the potential damage that lies ahead -- but it's not a pretty picture. Just a few weeks ago, the biggest COVID-19 concern for renewable energy appeared to be the supply of equipment, reflecting the outbreak's early impact in China. Would there be enough solar panels, wind turbines and batteries to meet demand and project deadlines, given the widespread factory shutdowns?
"Based on standard capital cost per MW, an investment of around Rs 1.34 lakh crore is estimated to have been made in the renewable energy sector during last three years i.e. 2017-18 to 2019-20 (up to January 2020)," Renewable Energy Minister R K Singh said in a written reply to the Lok Sabha.
Renewable energy projects have attracted investments of about Rs 1.34 lakh crore between April 2017 and January 2020, Parliament was informed on Thursday. "Based on standard capital cost per MW, an investment of around Rs 1.34 lakh crore is estimated to have been made in the renewable energy sector during last three years i.e. 2017-18 to 2019-20 (up to January 2020)," Renewable Energy Minister R K Singh said in a written reply to the Lok Sabha. He said most of the grid connected renewable energy projects are being implemented by private sector developers selected through transparent competitive bidding process.
Where will investors in offshore oil and gas look as the energy transition starts to take hold? While the oil and gas sector remains the largest component of the offshore supply chain, we expect the offshore wind market to become more attractive for traditional oil and gas players. There is limited crossover today, but first movers have gone with the wind and more will soon follow. As interest and investment in offshore wind grow, investment in offshore oil and gas is likely to stabilize, narrowing the gap between the two sectors.
In the first phase, the NortH2 project translates to the construction of large wind farms that can gradually grow to a capacity of roughly 10 gigawatts.