Author: Anela Dokso

Watson Farley & Williams (WFW) has advised Elawan Energy (Elawan) on a €92 million loan for the project financing of its 250 MW Campanarios photovoltaic (PV) portfolio, comprising five Spanish plants currently under construction with a 50 MW nominal capacity, located in Spain’s Albacete region. The transaction closed on November 03, 2020, with the plants to be operational by Q4 2021. Banco Sabadell, Bankia, Abanca Corporación Bancaria, y Banco Pichincha España, acted as financing entities for the circa €92 million structured loans granted to the special purpose vehicles (SPVs) that own each plant, themselves all owned by Elawan Energy. The…

U.S. Department of Energy (DOE) has released its Hydrogen Program Plan to provide a strategic framework for the Department’s hydrogen research, development, and demonstration (RD&D) activities. The DOE Hydrogen Program is a coordinated Departmental effort to advance the affordable production, transport, storage, and use of hydrogen across different sectors of the economy. The Plan involves participation from the Offices of Energy Efficiency and Renewable Energy, Fossil Energy, Nuclear Energy, Electricity, Science, and the Advanced Research Projects Agency–Energy. “Hydrogen is an exciting fuel source that has the potential to integrate our nation’s energy resources, but to fully recognize its potential across…

Equinor plans to locate America’s first offshore wind tower manufacturing facility at the Port of Albany, in upstate New York. Developed jointly with the wind industry manufacturers Marmen and Welcon, Equinor stands ready to transform the port for manufacturing offshore wind towers and transition pieces (TPs), creating up to 350 direct jobs in the region. The Port of Albany extension initiative is part of the bid Equinor submitted in response to the New York State Energy Research and Development Authority’s (NYSERDA) latest offshore wind energy solicitation, which seeks up to 2.5 gigawatts of offshore wind and multi-port infrastructure investment plans…

U.S. Department of Energy (DOE) has made a selections for $130 million in new projects to advance solar technologies. Through the Office of Energy Efficiency and Renewable Energy’s Solar Energy Technologies Office, DOE will fund 67 research projects across 30 states that reduce the cost of solar, increase U.S. manufacturing competitiveness, and improve the reliability of the nation’s electric grid. “Ensuring low-cost, reliable electricity for all Americans while minimizing risk is a top priority for this department. That means creating domestic manufacturing opportunities and increasing the power system’s resilience in case of disruptions. Projects that advance solar technologies are essential…

KACO new energy has added solar PV inverters with innovative silicon carbide power transistors to its product range. The new inverters create a host of opportunities for commercial and industrial customers to increase the cost-effectiveness of PV systems. The corresponding output of the inverters is 105 kilowatts in the international version and 125 kilowatts for the North American market. KACO new energy launched the new solar PV inverter with 105 kilowatts output. The line voltage of 400 volts makes it possible to connect the blueplanet 105 TL3 to an existing transformer at no additional cost. The 480-volt version with an…

Trianel Erneuerbare Energien GmbH (TEE) has acquired its largest wind farm to date from ABO Wind AG. The wind farm, named Dreieck Spreeau, is located in Brandenburg, eastern Germany.  The Spreeau wind farm consists of eight Vestas V150-4.2MW wind turbines. The project is the largest in Germany to use the V150-4.2MW turbines.  With a total output of 33.6 MW, the wind farm is the largest in the TEE portfolio to date.  The wind farm is being built by ABO Wind and the commissioning is planned for the end of 2021.  The wind farm will produce around 110 million kilowatt hours…

Global renewable energy investment increased between 2013 and 2018, reaching its peak at $351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative $1.8 trillion were invested during the five-year period, the amount falls short to achieve the global climate commitments. Renewable energy investment slightly declined in 2018, with modest growth through 2019. Although this was largely due to the decreasing costs of renewables, the total installed capacity continued to grow. The current…

ABB Marine & Ports has been selected as a key technology partner for a far-reaching EU project exploring the use of remote offshore inspection and maintenance techniques for wind farms. With funding from the biggest EU research and innovation program Horizon 2020, the project is targeting a more efficient, cost-effective and sustainable offshore ecosystem. The project results will be made available under EU’s Community Research and Development Information Service (CORDIS). In a project milestone, ABB is supplying a new module of the ABB Ability Marine Advisory System – OCTOPUS optimization software. This will enable improved efficiencies by cutting the transfer…

Wärtsilä and CBO, Brazil’s operator of offshore support vessels, have signed an agreement to convert a vessel from CBO’s fleet to operate with hybrid propulsion. The ‘CBO Flamengo’ will be the first vessel in Latin America to be fitted with a battery pack for hybrid propulsion, which will improve the vessel’s energy consumption and reduce its carbon footprint. The Wärtsilä Hybrid Solution to be installed on the ‘CBO Flamengo’, a platform supply vessel (PSV), complies with the DNV-GL’s ‘Battery Power’ class notation, allowing the ship’s engines to run more efficiently by operating safely with fewer engines at a higher load.…

Mayor Cooper’s administration has entered into a partnership with Nashville Electric Service, the Tennessee Valley Authority, and Vanderbilt University to construct 100 megawatts of utility-scale solar power under the TVA Green Invest program. Vanderbilt will be a 25-megawatt co-subscriber to the solar array, thereby reaching its own 100 percent renewable-energy goal for campus operations. Metro-Nashville will be the first local government to pursue access to Green Invest in TVA territory. On Metro’s and Vanderbilt’s behalf, TVA will contract with Silicon Ranch Corp. to build a solar array in Tullahoma, Tenn. The company was selected through TVA’s 2020 competitive procurement process…