Author: Arnes Biogradlija

Equinor has named Ulrica Fearn as chief financial officer (CFO) and executive vice president, effective 16 June 2021. Fearn will replace CFO Svein Skeie, who will become CFO Performance Management and Risk Senior Vice President with effect from the same date. “I am pleased to welcome Ulrica to Equinor and our leadership team. Her deep and extensive experience in leading financial operations, as well as driving operational, control and shared services results, will make a strong contribution to the leadership of Equinor. She also brings renewal and increased diversity to the Corporate Executive Committee. She is guided by her strong values…

EDP Renewables (EDPR) has been awarded a 15-year Contract-for-Difference (CfD) at the Polish renewable energy auction to sell electricity to be produced by a portfolio of 5 projects of wind and solar with a total capacity of 220 MW. The projects are expected to become operational in 2022 and 2023. This new long-term contract reinforces EDPR’s footprint in Poland with already 476 MW in operation and 558 MW already secured in the country for the following years. EDPR has secured 87% of the ~7.0 GW targeted wind and solar global capacity build-out for the 2019-2022 period, as communicated in the…

RWE Renewables has signed a Power Purchase Agreement (PPA) with E.ON UK under which the company will sell 100 percent of the electricity generated by the Humber Gateway offshore wind farm from 2022 to 2035. This includes the Renewable Obligation Certificates (ROCs) from the plant. The deal immediately follows from the previous agreement to provide E.ON UK customers with renewable energy from the offshore wind farm, which is scheduled to expire in 2022. “As one of the world’s leading renewable energy companies, we are committed to dedicating our energy for a sustainable life. The UK plays a key role in…

Cubico Sustainable Investments (Cubico) has reached an agreement to acquire Grupo T-Solar, a solar power generation platform with assets across Spain and Italy, from I Squared Capital. The platform, which comprises 47 operational assets with a capacity of 274 MW, includes 167 MW of solar PV and 100 MW of concentrated solar power across Spain, as well as 7 MW of solar PV in Italy. The platform also comes with a solar development pipeline of around 1.4 GW. The total enterprise value of the business is approximately ‎€1.5 billion. The acquisition will take Cubico’s installed solar capacity in Spain to…

SolarPower Europe has released its latest EU Solar Power Market Outlook, which reveals that amid the setbacks of COVID-19, the European solar market has increased by 11 percent, adding 18.7 GW of installations. This figure makes 2020 the second-best year ever for solar in the EU, the strongest growth year since 2011. “It has been a difficult year for all sectors, and so it is very positive to finish 2020 with such a clear endorsement for solar power. Despite the impact of COVID-19, solar has not only grown, it has thrived, proving it to be a resilient, predictable, and secure…

The Enel Group’s Brazilian renewable subsidiary Enel Green Power Brasil Participações (EGPB) has started the construction of five new renewable plants in northeastern Brazil, specifically four wind farms and one solar plant for a total of 1.3 GW of new capacity. In Piauí, the company is building the 396 MW Lagoa dos Ventos III wind farm and the 256 MW São Gonçalo III solar park. The remaining three wind projects – Morro do Chapéu Sul II (353 MW), Cumaru (206 MW) and Fontes dos Ventos II (99 MW) – are being built in the states of Bahia, Rio Grande do…

GE Renewable Energy and BE Power have signed an agreement to co-develop the 400 MW Big-T (Cressbrook) pumped hydro storage project in Toowoomba, Australia. GE Renewable Energy’s Hydro Solutions will work alongside BE Power and its partners to refine and finalize the design of the plant and help the project secure funding and enter commercial operations. “The Big-T Pumped Hydro Storage Power Plant will help facilitate new wind and solar projects and provide firming and grid support services at a critical point in the National Electricity Market. Being the first new pumped hydro project completed in Queensland in over 35 years,…

The Wärtsilä Hybrid Upgrade solution, has been selected for retrofitting two offshore construction vessels owned by Norwegian operator Østensjø Rederi. The upgrading project will allow less use of the ships’ engines with correspondingly lower levels of exhaust emissions while operating in dynamic positioning (DP) mode, and will also lower emission levels in all other operational modes. The two ships, the ‘Edda Fauna’ and ‘Edda Flora’, were built in 2008. The customer opted for the Wärtsilä Hybrid Upgrade solution in order to give the ships a more attractive environmental profile for potential charterers. The Wärtsilä Hybrid Upgrade solution will include the…

Vestas has signed an agreement with Enel X to accelerate the electrification of its company fleet. Enel X will provide Vestas with the requisite charging infrastructure to electrify its corporate fleet through its most prominent service markets. “If we are to succeed with the energy transition across a global scale, industry leaders have a duty to implement the change we want to see. One of our key goals at Vestas is to enable more sustainable energy systems by supporting the increased deployment of renewable energy beyond power and into the transport sector. By joining forces with Enel X, we can…

TenneT has hired subsea cable manufacturer Zhongtian Technology Submarine Cable (ZTT) for commissioning of five and 16 kilometres of wind farm connections. To transport the electricity from offshore wind farms to land wind power produced off the German North Sea coast is transmitted from two wind farms to one TenneT converter platform each (HelWin beta and DolWin kappa). There the three-phase current is transformed into direct current and transported to a ground-based converter station where the energy is converted back into three-phase current and fed into an extra-high voltage grid through a nearby transformer station. The offshore electricity generated is…