China’s renewable energy capacity increased from 27.8 Gigawatts (GW) in 2001 to 183 GW in 2013, and alternative sources are expected to account for more than 20% of the country’s total electricity generation by 2020, says research and consulting firm GlobalData. “Asia-Pacific Renewable Energy Policy Handbook 2014,” states that China’s emergence as a major player in the global renewable energy industry, and the leading country in the Asia-Pacific region, has been accelerated by a combination of government encouragement and market guidance.
Avantha Group Company CG, along with the other consortium partners Fabricom and Iemants, has been selected by Van Oord, for the offshore wind project “Gemini” in the Netherlands. As part of the scope CG, will design, deliver and install 2 high voltage (HV) offshore substations and 1 HV onshore substation. The volume of the order for the consortium is in excess of €150Mn. CG’s scope covers approximately 30% of the overall contract. The project is expected to start in the second quarter of 2014 and to be completed in 2016.
Ellomay Capital Ltd., an emerging operator in the renewable energy and energy infrastructure sector, has announced the execution by the Italian President of a decree presented by the Italian Government that will, if approved by the Italian Parliament, decrease the Feed-in-Tariff (“FiT”) guaranteed to existing photovoltaic plants with nominal capacity of more than 200 kW (the “Decree”). The Decree forms part of the Italian Government’s efforts to reduce electricity costs and has entered into force with its execution by the Italian President, but is subject to the approval of the Italian Parliament within a period of 60 days.
OneRoof Energy Group, Inc., a complete solar services provider, has announced that Henry K. Yun, Ph.D. has joined OneRoof Energy’s board of directors. Yun is the Vice President of Corporate Planning for Hanwha Q Cells USA Corp. and brings a depth of global experience in scaling market-leading enterprises. In addition to being a member of the board, Yun will also be a member of the Governance, Nomination & Compensation Committee.