Sep 10, 2012

German Solar Market Undergoing Dramatic Shift

Germany
Admin
2 min
  This year will mark the most profound change to the German solar market since the passing of the country's renewable energy act...

 

This year will mark the most profound change to the German solar market since the passing of the country's renewable energy act (EEG) over a decade ago. By far the world's largest photovoltaic market, Germany has been fine-tuning incentives for years. Now the scales have been tipped from a feed-in tariff market to a cost competitive grid-parity reality. Today Germany Trade & Invest released a new report on the country's photovoltaic market ahead of this year's Solar Power International in Orlando, Florida.

"We are seeing fundamental changes to business models now that feed-in tariff levels are below electricity prices. End customers are investing in solar to save on their electricity bills. We believe this will shift the entire market and create a number of new business opportunities," stated Tobias Rothacher, photovoltaic industry expert at Germany Trade & Invest in Berlin.

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More than 4.3 GWp of photovoltaic (PV) systems were installed in Germany during the first half of 2012. This marks an increase of approximately 2.5 GWp compared to the first half of 2011.

Germany Trade & Invest experts will attend this year's Solar Power International 2012 in Orlando from September 10 - 13. Visit http://www.gtai.com for information on how to meet them in Florida.

For the full report on Germany's photovoltaic market, go to http://www.gtai.com/pv-industry-overview

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

SOURCE Germany Trade and Invest

 

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Jun 7, 2021

Trafigura and Yara International explore clean ammonia usage

Shipping
fuel
Decarbonisation
ammonia
Dominic Ellis
2 min
Commodity trading company Trafigura and Yara International sign MoU to explore developing ammonia as a clean fuel in shipping

Independent commodity trading company Trafigura and Yara International have signed an MoU to explore developing ammonia as a clean fuel in shipping and ammonia fuel infrastructure.

Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050. 

How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.

Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:

  • The supply of clean ammonia by Yara to Trafigura Group companies
  • Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
  • Development of new clean ammonia assets including marine fuel infrastructure and market opportunities

Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.  

There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.

Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.

Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.

Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.

It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.

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