Montauk Renewables lists on the Johannesburg Stock Exchange

US-based renewable energy company, Montauk Renewables, listed on the Johannesburg Stock Exchange’s (JSE) Main Board, making this the first company listing for 2021. This listing is a secondary listing for the company under the alternative fuels classification. Montauk Renewables is a new listing resulting from the unbundling of Montauk Holdings.

A leader in renewable energy development from biogas, Montauk Renewables has been specialising in the recovery and processing of methane gas sources for use as an alternative to fossil fuels for over 30 years. The organisation has extensive experience in the development, operation, and management of biogas fuelled renewable energy projects.

“As an organisation that is environmentally conscious, the JSE is pleased to welcome Montauk Renewables onto the Main Board. This listing is an opportunity for South African investors to invest in the green fuel
space, and help preserve our planet for future generations. We wish Montauk immense success in their growth journey as we all work together towards growing shared prosperity.”

Valdene Reddy, Director of Capital Markets at the JSE.

The JSE now has 337 companies listed with a market capitalisation of over R18.9 trillion.

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Japan finds ‘promising areas’ for offshore wind power

Recently, the Japanese Industry Ministry said it had found ten areas that could be possibly suitable for developing offshore wind farms. Four of them have been considered “promising areas” for the start of a second round of the process to select operators. 

The offshore wind power market in Japan is expected to grow after the government recently enforced laws to intensify developing wind farms. These promising areas included two in the Sea of Japan off Aomori, the third one off Akita, both in the north of Japan. The fourth promising area was off Nagasaki in the South. 

In these areas, the preparation process will include wind and geological surveys as well as forming councils to consult with communities. 

In the previous year, the ministry selected these four areas from 11 other areas. From these areas, the 21 megawatts (MW) Goto project in Nagasaki has led the way when the ministry launched a bidding process in June to select an operator. It was the first auction under the new law.

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Experts discuss how to make wind power more mainstream

Experts across the globe have come together to address facing the wind power industry. The Internation Energy Agency Wind Technology Collaboration Programme (IEA Wind) brought together a team of experts that was led by researchers from the National Renewable Energy Laboratory (NREL) and the Pacific Northwest National Laboratory.

The team has been studying how wind energy can benefit energy systems under the IEA Wind Task 41, “Enabling Wind to Contribute to a Distributed Energy Future.” The NREL Deployment Manager and technical director and co-lead of the IEA Wind project, Ian Baring-Gould, explained that roof-mounted solar panels have become more common in the United States and have hopes that wind power systems will reach the same level of affordability.

“Our hope is this IEA Wind research will lead to a similar level of affordability and flexibility for smaller-scale, localized wind installations. We want to increase the reach of this clean energy technology,”

Baring-Gould said.

New Models for Wind Installations

New innovations have led to a drastic decrease in installation and operating costs for utility-scale wind power plants. However, there has not been a similar decrease in the costs of smaller-scale distributed wind systems. This limits wind power’s role in the distributing energy market. Also at the same time communities and nations have looked at the distributed energy generation as a way to meet the energy needs of future generations. 

The experts have been examining a variety of solutions that have involved wind turbines in distributed applications in behind-the-meter, in-front-of-the-meter, microgrid, and off-grid applications, and in combination with other distributed energy and energy storage technologies. The sizes of the turbines that have been considered range from small wind turbines to multi-megawatt, large-scale turbines that can be deployed in small numbers. 

The NREL has conducted work on the forthcoming balance-of-station for distributed wind applications. Baring-Gould explained that this model has allowed for a structured comparison of the cost of the energy impact of different foundation and installation strategies and solutions. 

He added that while the efforts have focused on megawatt-scale distributed applications, future efforts will include distributed applications as small as 20 kilowatts.

“We’re already gaining a better understanding of the technical requirements and marketplace realities. We’re optimistic that this will lead not just to cost savings opportunities, but also to an entirely new model for wind installations,”

Baring-Gould said.

An International Effort

This four-year effort has brought together research organisations from 11 countries to broaden the distributed generation possibilities for global wind power. Along with the United States, the IEA Wind Project has included representatives from Austria, Belgium, Canada, China, Denmark, Greece, Ireland, Italy, Korea and Spain. 

In the future, a detailed international research plan will be developed to create a research case to update international standards. A catalogue will also be developed in order to make information concerning distributed wind operational data easily available for future international efforts. 

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