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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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    Statkraft seeks planning nod for 49.9-MW Scottish wind farm

    VSB Group Expands in France with Acquisition of 143.5 MW Wind Power Portfolio

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    Italian Solar Farms, Matrix in Strategic Partnership with Energia Aljaval

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    Trina Solar betting on largest wafer size and third cut cells for 500W-plus modules

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    Vattenfall Wind

    UK Government grants consent for Vattenfall’s Norfolk Vanguard Offshore Wind Farm

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Norway to launch 1.5 gigawatt offshore wind tender

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Velto Renewables supports the 360 MW offshore wind farm London Array

  • Market Moves
    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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    GE’s digital power transformers selected for multiple projects across the globe

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Bolivia will invest US $ 2,560 million for electricity reserves

in America, Market Reports

Bolivia will invest some US $ 2,560 million this year to increase electricity reserves, expand transmission lines and start the export period to Argentina, according to the authorities.

Eduardo Paz, president of the state electricity company, explained that this year three thermoelectric plants will be installed: Icona, Ambrosía and Santa Bárbara in the department of Cochabamba, central Bolivia.

He also said that this year technical studies will be carried out to build hydroelectric power plants. “One of the plants will be in southwestern Bolivia and will work in two more years,” he added.

The Central Bank of Bolivia is in charge of the financing with funds from the international reserves that the South American country has obtained in the last decade.

Luis Alberto Sánchez, Bolivian Minister of Hydrocarbons and Energy, has announced that his country plans to export some 9,000 MW of electricity to Brazil and Argentina.

On the other hand, Bolivia and Brazil agreed in July last year to establish a binational technical committee to export 8,000 MW of electricity to Brazil.

It also plans to export 1,000 MW to Argentina that will be generated by thermoelectric plants in the Gran Chaco, in the south of the country. Bolivia has an internal consumption of about 1,300 MW and the surplus will be sold to neighboring countries, according to press reports.

Gas Turbines and Batteries: A Perfect Pairing
Battery systems for grid-scale energy storage is more than coming into its own as being economically viable in optimizing the performance of gas turbines.

The Bolivian state company will have to establish the prices of the electric power that will initially be exported to the north of Argentina.

Both countries agreed to build a 500-kilowatt transmission line, which will link the town of Yacuiba (Bolivia) with Tartagal (Argentina).

The second stage plans to expand this transmission line to the Argentine province of Jujuy.

Bolivia has also planned the construction of the “El Bala” hydroelectric plant in the northern department of La Paz, to generate between 1,600 and 4,000 MW of electricity.

The Italian company Geodata was hired in July last year to elaborate in two years the final design of the hydroelectric plant with waters from the La Paz and Beni rivers, in access to the Madidi forest reserve.
However, not all countries in Latin America have the same investment impetus in the sector.

The countries of Central America, for example, advance each one at their own pace and Siepac’s objectives remain on paper.

The infrastructure that sustains the Regional Electricity Market limps and the cure will take at least three more
years to arrive.

The promise of sharing at least 300 MW of energy has remained stagnant: countries such as Nicaragua, El Salvador and Honduras use the transmission lines of the system to distribute energy within their own borders.

The situation not only limits the ability to share electricity from other countries among them but slows down the development of new projects such as the incorporation of variable energies (solar and wind) into the market.
However, the Electrical Interconnection System of the Central American Countries (Siepac), which is the 1,800 km line through which the electric flow travels throughout Central America, only has the capacity to transfer half of that power.

All countries, from Guatemala to Panama, committed themselves in 2011 to create the necessary infrastructure to make the market efficient.

Nicaragua, El Salvador and Honduras, however, have not been able to electrify the majority of their population and started with a lag compared to Costa Rica, with 96% of electrification.

Nicaragua already has a plan with the Inter-American Development Bank (IDB) to strengthen its interconnection.
The IDB, which has financed more than half of the interconnection, and gives technical support to the project, expects these 300 MW to be put into practice in 2019.

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