Softbank to develop world’s largest solar farm in Saudi Arabia
A Memorandum of Understanding (MoU) has been signed by Saudi Arabia and SoftBank Group Corp for the building of a 200MW solar farm.
The solar power project is anticipated to cost US$200bn and will be located in the Saudi Arabia desert.
The project was announced on 27 March during a ceremony in New York, attended by the Crown Prince of Saudi Arabia, Mohammad Bin Salman Al Saud, Bloomberg reported.
The park will be 100 times larger than the world’s current largest solar project, with both Greece and Australia working towards 2GW photovoltaic (PV) projects.
“It’s a huge step in human history,” Bloomberg quotes Prince Mohammed stating.
“It’s bold, risky and we hope we succeed doing that.”
The solar park is anticipated to create 100,000 jobs and save $40bn through power costs.
The construction is set more maximum capacity to be reached by 2030.
“The kingdom has great sunshine, great size of available land and great engineers, great labor, but most importantly, the best and greatest vision,” commented Masayoshi Son, CEO of SoftBank.
“SoftBank seeks investment and Saudi needs energy, so it may make sense to sort the financing out in a large block and then separately hammer out the phases and the technical details,” remarked BNEF’s Head of Solar Analysis, Jenny Chase.
“It is worth noting that many of these memorandums of understanding do not result in anything happening.”
UK Nissan fleet owners receive commercial charging service
UK fleet owners of Nissan Leaf and e-NV200 models can avail of a new commercial charging service using vehicle-to-grid (V2G) technology.
The V2G technology developed by DREEV, which is a joint venture between EDF and Nuvve, which specialises in V2G technology, allows for two-way energy flow; both recharging an EV’s battery when electricity is at its cheapest, and discharging excess energy to sell back into the grid.
Fleet customers will save around £350 savings per charger each year, which equates to approximately 9,000 miles of driving charge per year.
EDF’s V2G business solution includes:
The supply and installation of a two-way connected compact 11kW charger capable of fully charging a Nissan LEAF, depending on the battery model, in 3 hours and 30 minutes - 50 per cent faster than a standard charger - with integrated DREEV technology.
A dedicated DREEV smart phone app, to define the vehicles’ driving energy requirements, track their state of charge in real time, and control charging at any time
Philip Valarino, Interim Head of EV Projects at EDF, said today’s announcement marks an important step on the UK’s journey towards electric mobility. "By combining the expertise and capabilities of EDF, Nissan and Dreev we have produced a solution that could transform the EV market as we look to help the UK in its journey to achieve Net Zero," he said. “Our hope is that forward-thinking businesses across the country will be persuaded to convert their traditional fleets to electric, providing them with both an environmental and economic advantage in an increasingly crowded market.”
Andrew Humberstone, Managing Director, NMGB, said Nissan has been a pioneer in 100% electric mobility since 2010, and the integration of electric vehicles into the company is at the heart of Nissan's vision for intelligent mobility.
He added the Nissan LEAF, with more than half a million units already sold worldwide - is the only model today to allow V2G two-way charging and offers economic opportunities for businesses "that no other electric vehicle does today". Click here for more information.
FirstEnergy Corp, which aims to electrify 30% of its approximately 3,400 light duty and aerial fleet vehicles by 2030, has joined the Electric Highway Coalition. The group of electric companies, which has grown to 14 members, is committed to enabling long-distance EV travel through a network of EV fast-charging stations connecting major highway systems.
The Edison Electric Institute estimates 18 million EVs will be on US roads by 2030. While many drivers recognize the benefits of driving an EV, some are concerned with the availability of charging stations during long road trips. Through their unified efforts, the members of the EHC are addressing this "range anxiety" and demonstrating to customers that EVs are a smart choice for traveling long distances as well as driving around town.
Volta Industries has installed new charging stations at Safeway in Upper Marlboro, Maryland, and Renton, Washington.