Update COP28 |


Grand Challenge to identify and support the development of AI-powered solutions for climate action in developing countries. Accountability is integral to all actors and all types of global climate action. Some of the initiatives launched at COP 28 have already committed to reconvene at future COPs to discuss their progress and implementation. A number of existing initiatives have published progress reports to present their


achievements and challenges, representing a growing momentum on this topic as well as supporting greater accountability. With the first Global Stocktake slated to be concluded at the end of COP 28, the new five-year cycle on climate action will begin under the Paris Agreement. With this in mind, the High-Level Champions, the Marrakech Partnership and others have compiled the ‘2030 Climate Solutions:


an Implementation Roadmap’, a set of solutions framed in specific actions, with insights from a wide range of non-Party stakeholders on effective measures being undertaken that need to be scaled up and replicated as well as current gaps that need to be bridged to halve global emissions, address adaptation gaps and increase the resilience of four billion people from vulnerable groups and communities to climate risks by 2030.


Renewables agreements signed at COP28


Green H2 via Amsterdam Masdar, with the Port of Amsterdam, SkyNRG and Zenith Energy Terminals have signed a Joint Study Agreement to assess the feasibility of a dedicated liquefied green hydrogen supply chain for Masdar- produced hydrogen to the port. Masdar has announced its goal of


achieving 100 GW renewable energy capacity and green hydrogen production of 1 million tonnes per annum annually by 2030.


Masdar expands its European presence Abu Dhabi Future Energy Company PJSC – aka Masdar – with Taaleri Energia, a Finland-based renewable energy developer and fund manager, have acquired eight hybrid renewable energy projects in Poland. Masdar and Taaleri Energia have


purchased the projects from Domrel Biuro Uslug Inwestycyjnych (Domrel), which specialises in the development of RES power plants across Poland. Once operational, the eight projects, which include solar photovoltaic and onshore wind, will have a combined capacity of over 1 GW.


CIP launches GMF II growth fund On 4 December Copenhagen Infrastructure Partners announced the launch of its Growth Markets Fund II (GMF II). With a focus on developing and building offshore and onshore wind, solar PV, energy storage and Power-to-X projects in selected high growth middle-income markets across Asia, Latin America and EMEA, the fund has a target size of $3 billion and is expected to deliver renewable energy infrastructure projects reflecting over $10 billion of capital investment. Renewable energy power capacity will need to at least triple by 2030 for the global community to stay on the path to net-zero and investments in clean energy must more than quadruple.


Renewables development in W Africa Masdar and PwC Middle East launched a report, ‘Accelerating Renewable Energy Investment in West Africa’ which highlights the 2000 GW potential of the region and describes the reforms needed to increase private sector investment. It


suggests that pro-investment policies, coupled with renewable energy technologies, could transform the sector.


Large-scale green H2 production in Europe


Verbund Green Hydrogen and Masdar have undertaken a joint study to explore the development of green hydrogen, to be used to help decarbonise hard-to-abate industries in Spain and central Europe. The partners have signed an agreement to move forward with plans to analyse the feasibility of building one of Europe’s largest green hydrogen production plants in central Spain.


DTEK to implement largest wind farm in E Europe Ukraine energy major DTEK Group on 4 December signed a Memorandum of Understanding with Vestas to complete the construction of the largest wind farm in Eastern Europe, a project supported by the European Commission and the governments of Ukraine and Denmark. The installed capacity of the Tyligulska Wind Power Plant will be 500 MW, resulting from a total investment in excess of €650 million. The plant is located in the Mykolaiv region, 400 km from Kyiv and 85 km from the border with Moldova. Assets that are dispersed over a wide area


have been more resilient to attack during the war with Russia.


MIDA signs 10 GW of renewables agreements


Masdar and the Malaysian Investment Development Authority have put together an implementation roadmap to advance 10 GW of clean energy projects in Malaysia, and signed five agreements unlocking up to 8 GW of renewable energy projects. The roadmap includes ground mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems.


World’s largest floating solar plant Masdar has signed agreements to collaborate with Indonesia’s state-owned utility company, PLN, to move ahead with


major development plans for Southeast Asia’s largest floating solar power plant and explore green hydrogen opportunities. The partnership’s ambition is to add up to 500 MW to the existing 145 MWac Cirata floating solar PV plant, on the Cirata reservoir in West Java.


Oman plans for green H2 liquefaction Oman’s ministry of Energy and Minerals, and Hydrogen Oman (Hydrom), have signed a Joint Study Agreement with Port of Amsterdam, Zenith Energy Terminals and GasLog, to collaborate on the development of a liquid hydrogen route to market for green hydrogen produced in Oman. The partners intend to make the world’s first commercial scale liquid hydrogen corridor a reality. The Agreement entails conducting a detailed assessment of the requirements to develop an open-access hydrogen liquefaction, storage and export facility in Oman.


£11 bn investment to co-develop 3 GW of UK offshore wind Masdar has acquired a 49 % stake in RWE’s 3GW Dogger Bank South offshore wind projects, which form one of the world’s largest planned offshore wind farms, as part of a £11 bn investment in the UK’s renewables sector.


OMV signs green H2 agreement OMV has signed a non-binding Heads of Terms development agreement with Masdar to explore in partnership the production of green hydrogen for the decarbonisation of industrial processes in OMV’s refineries. The HoT forms the basis of a joint agreement to develop an industrial large scale electrolysis plant, powered by renewable energy.


Agreements for 1GW wind and potential green H2 plant Masdar has signed a joint development agreement with the Jordanian ministry of Energy and Mineral Resources to develop a 1 GW wind project with a battery energy storage system (BESS), and a memorandum to explore the feasibility of producing green hydrogen from desalinated seawater.


10 | January/February 2024| www.modernpowersystems.com


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