TransPod signs MoU for 300km Hyperloop line
The Canadian start-up is set to begin a feasibility study for the line which will link the cities of Calgary and Edmonton.
TransPod has signed a memorandum of understanding with the government of Alberta which covers a feasibility study. In addition, preliminary work is set to begin on a test track.
The agreement does not involve “financial commitments or endorsements” from the province.
The MoU will enable the company to study the feasibility of the technology-focused around the plans as well as finding land for a test track and sharing transportation data.
If the project is completed, the Hyperloop will have the ability to carry passengers at speeds of up to 1,000km/h. Services will depart regularly and will travel in a ground-level protected guideway.
The MoU will also enable private investments to begin. The entire project is set to cost between $6 and £$10bn, according to CEO, Sebastien Gendron. The project is set to create around 38,000 jobs over a ten year development period.
The company aims to commence construction of the Hyperloop in 2025.
Ric McIver, Alberta’s minister of transportation, said: “By supporting TransPod’s feasibility study, Alberta Transportation will provide important information contributing to the research, development, testing, and construction of a full inter-city TransPod line between Edmonton and Calgary.”
Sebastien Gendron, co-founder and CEO of TransPod said: “Alberta’s leadership mindset and partnership with TransPod firmly places it at the cutting edge of transportation innovation”. He then went on to say: “Through this strategic agreement, that secures the province’s economic future without having to commit any taxpayer dollars, the government of Alberta is investing in improving growth and quality of life in the region.”
In January 2019, TransPod expanded its France operations in preparation for more in-depth Hyperloop testing. It was also revealed three years ago that Hyperloop would tally up to almost half the cost of a ‘traditional’ high-speed rail line.
Image credit: TransPod
Sonnedix starts construction of 50MW solar plant in Spain
Sonnedix has started building a 50MW solar PV plant in Badajoz, Spain.
Sonnedix Los Frailes will be built on a 111-hectares, becoming the largest project built by the IPP in the country, where it has operated since 2010. With over 110,000 monocrystaline solar panels, the project will connect through a transmission line to the Vaguadas substation.
During construction, Sonnedix will create approximately 250 new jobs in Badajoz, in line with its ESG standards and commitment to improving the life of the local community.
Once operational, Sonnedix Los Frailes, which is being developed in collaboration with Viridi RE group, will produce approximately 102,000 MWh per year, capable of powering more than 36,500 homes with clean electricity and avoiding over 24,000 tons of CO2.
Axel Thiemann, CEO of Sonnedix, said: “We are excited to start the construction of our largest project to date in Spain, a milestone that highlights both our strong commitment to the Spanish market, and our potential to expand our platform worldwide. We are very proud of our hard-working and committed team in Spain, which has doubled in the last year, and we look forward to continue developing and acquiring solar PV projects in the country, playing an important role in the energy transition, as well as the post-pandemic economic recovery.”
Last June 2020, Sonnedix signed a 10-year Power Purchase Agreement (PPA) with Europe´s largest producer of renewable energy and leading PPA provider Statkraft for the supply of 100 GWh of energy per year, making it the IPP’s first PPA for a grid-parity project in Spain.
Sonnedix is one of the leading solar IPPs in Spain, with over 1GW of capacity, including 365MW operational, 50MW under construction, and a development pipeline of over 600MW. Currently it has almost 2GW under operation or construction across eight countries, plus more than 2GW in the pipeline.
According to SolarPower Europe, Spain is expected to have a total installed solar PV capacity of 29GW by 2024 in the medium scenario, making it the second largest solar market in Europe. Renewables produced 50.7% of Spain’s electricity in May, generating 10% more gigawatt-hours year-on-year.
The Spanish National Energy and Climate Plan (NECP) targets 74% of renewable electricity generation and 39.2 GW of PV capacity by 2030.