Energy Market Outlook: What to Expect in 2020 and Beyond

| February 11, 2020

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Electricity prices in New England are the highest in the Continental US and are poised to remain elevated for years to come. As state-sponsored clean energy resources represent a growing portion of the region’s resource mix, ISO-NE will face significant challenges accommodating the environmental goals of its member states while maintaining a reliable and competitive market.

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ESCO Pacific Pty Ltd

ESCO Pacific Pty Ltd is a leading Australian developer of utility scale solar farms with a secured pipeline in excess of 1.25GW. Our team comprises of experienced energy, infrastructure, development and corporate finance professionals with direct experience in developing, and delivering to market, utility scale solar both in Australia and internationally.

OTHER ARTICLES

RENEWABLE ENERGY: IMPACT OF COVID-19 ON PROJECT SPECIFIC INSURANCE

Article | March 16, 2020

We are certain that everyone involved in renewable energy projects are thinking about the impact Covid-19 will have on your projects being planned, built or operated. The following blog is not to be used as a full guideline, but rather an overview of our perspective on the situation. With the global Covid-19 escalation, it is likely that both the developers and the OEM’s are thinking “what impact will Covid-19 have on the completion of my project” and “can I still meet my PPA deadline?’ The first question to consider is whether a delay caused by a Force Majeure event insurable? The short answer is that no, a delay in this scenario would not be covered. Insurance is about Physical Damage to the subject matter insured, which is the Works. An outbreak of Covid-19 is not a Physical Damage event.

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The Best Ways to Utilize Renewable Energy

Article | March 29, 2020

Energy plays an important role in our daily lives. Shifting to renewable sources of energy to support climate change offset is an outstanding solution that must be persistently followed, to meet the future generations’ energy needs. The world will never stop consuming renewable energy. As each nation grows and develops as a community, its needs for power increases. It’s a natural process. But that doesn’t alter the fact that our world is impacted by it. More resources on the planet are being used and converted into fuel. Reliable energy supply is essential in industries such as heating, illumination, industrial equipment, transport, etc.

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Coronavirus’ effect on the renewable energy sector

Article | March 12, 2020

Both renewable power projects and conventional energy operations have felt the constriction of global supply chains, which are currently being limited in a global effort to fight and contain the spread of the virus. Many manufacturers of wind turbines and their critical components are based in Asia, such as Goldwind in China, as well as producers of photovoltaic panels and batteries (particularly lithium). Market reticence about bringing in products from affected areas has seen significant constriction in the importation of these materials and parts - the price of batteries has dropped by 60%, owing to the industry’s concentration in Asia.

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How heat can be used to store renewable energy

Article | February 25, 2020

The effect that fossil fuels are having on the climate emergency is driving an international push to use low-carbon sources of energy. At the moment, the best options for producing low-carbon energy on a large scale are wind and solar power. But despite improvements over the last few years to both their performance and cost, a significant problem remains: the wind doesn’t always blow, and the sun doesn’t always shine. A power grid that relies on these fluctuating sources struggles to constantly match supply and demand, and so renewable energy sometimes goes to waste because it’s not produced when needed.

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Spotlight

ESCO Pacific Pty Ltd

ESCO Pacific Pty Ltd is a leading Australian developer of utility scale solar farms with a secured pipeline in excess of 1.25GW. Our team comprises of experienced energy, infrastructure, development and corporate finance professionals with direct experience in developing, and delivering to market, utility scale solar both in Australia and internationally.

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