Author: Arnes Biogradlija

PSA Marine Pte has been granted a three-year €30 million sustainability-related loan from DBS Bank for its business expansion into the offshore wind market in Europe. The loan includes an adjustment of the interest rate linked to the Environmental, Social and Governance (ESG) target. This includes a large deployment of the PSA Marine Crew Transfer Vessels (CTVs) fleet to support offshore wind energy operations, such as the transport and accommodation of staff, cargo and offshore wind farm equipment. The subsidiary of PSA Marine, Ventus Marine, currently owns and operates a fleet of 10 modern CTVs to support the renewable offshore…

Copenhagen Infrastructure Partners (CIP) has gained ownership of closed-loop pump storage hydro projects in Swan Lake (Klamath County, Oregon) and Goldendale (Klickitat County, Washington). The projects were previously owned and built under a joint venture between Rye Development (Rye) and National Grid. Swan Lake is a 400 MW project that received its 50-year Federal Energy Regulatory Commission (FERC) license in 2019. Goldendale is a 1,200 MW project that filed an application with FERC in June 2020. “At CIP, we focus on teaming with leading developers and making investments in energy infrastructure assets with a high degree of stability in cash…

Encavis Asset Management has purchased an additional wind farm in France and a solar farm in the Netherlands for its special fund Encavis Infrastructure Fund II (EIF II) The purchase agreement for the Bois Gautier wind farm, located in western France with a total generation capacity of 11,75 MW, has been signed with Energiequelle, a developer of projects and operator of wind, biomass and photovoltaic systems. The wind farm consisting of five Enercon E-92 wind turbines was newly installed and began to work at the end of September 2020. In addition, by the end of this year, the Dutch Tynaarlo solar…

MHI Vestas has installed the first V164 9.5 MW turbine, the most powerful turbine used for a floating wind project, at the Kincardine floating offshore wind farm. The first V164-9.5 MW turbine was installed on the Principle Power WindFloat platform, the first of the five units to be installed on the Kincardine project. This advance in nameplate turbine capacity is a continuation of MHI Vestas’ floating wind capability, including the recent installation of WindFloat Atlantic. Kincardine, which is being developed by the Cobra Group, is expected to be the largest floating wind farm in the world by nameplate capacity. The…

Lightsource bp has entered into a purchasing agreement with Array Technologies to supply Lightsource bp’s newly built 1.4GW solar portfolio worldwide with DuraTrack HZ v3 single-axis solar trackers equipped with SmarTrackTM optimizing plant technology. When installed and connected, this newly added solar capacity would produce enough combined renewable electricity to power more than 266,000 households. Lightsource bp expects the agreement to deliver and leverage this portfolio of solar power generation projects across increasing energy markets worldwide, including the United States, Australia and Spain. DuraTrack HZ v3 is a utility-scale solar tracker offering more than 7 percent lower lifetime costs for asset owners,…

The Nordex Group has received another big order for the Delta4000 series N149/4.0-4.5. The developer of the wind farm has placed an order with the Nordex Group for 63 turbines for a project in the United States. The project and customer are undisclosed. In the summer of 2021, the Nordex Group will begin to supply and install turbines for this project in the state of Texas. The turbines are to be supplied in a project-specific operating mode of 4.8 MW, resulting in a cumulative wind farm output of 302.4 MW. With this new order from the USA, the Nordex Group will look back…

Saft has opened a new production center for energy storage solutions (ESS) in Zhuhai, China. This will increase the company’s capacity to serve the global ESS market and help the transition to renewable energy. The new plant will allow Saft to help customers around the world with an integrated approach to energy storage. This involves every phase from the initial design and size to device engineering, distribution and grid connection. As a result, operators would be able to minimize their total cost of ownership (TCO) while optimizing performance. “Investment in our Zhuhai production line shows how we have grown from…

Commerz Real has purchased the Heinsberg wind farm in the North Rhine-Westphalia administrative district of the same name for its newly launched Klimavest Impact fund. The seller is Energiekontor, the developer and operator of wind farm and solar parks based in Bremen. Commerz Real also recently bought a wind farm in Beckum in the Münsterland region from the same company, for Klimavest as well. The Heinsberg wind farm consists of three wind turbines, which were placed into operation in 2017 and have a residual service life of 25 years. They originate from the renowned German provider Nordex, with whom a…

Renewables will account for almost 90 percent of the rise in total power capacity worldwide in 2020 and will accelerate to its fastest growth in the last six years in 2021, according to the latest IEA report. Renewable energy is rising robustly across the world this year, in contrast to the sharp declines caused by the Covid-19 crisis in many other parts of the energy market, such as oil, gas and coal, according to a study released by the International Energy Agency. Driven by China and the United States, new additions to renewable energy capacity worldwide would grow to a…

Ørsted and bp have jointly agreed to develop a possible large-scale renewable hydrogen project at bp’s Lingen Refinery in North West Germany (Emsland). The project, which is scheduled to be operational in 2024, will consist of a 50 megawatt (MW) electrolyser device capable of producing one ton of renewable hydrogen per hour or approximately 9,000 tons per year. This will be sufficient to offset about 20 precent of the total fossil-based hydrogen consumption of the refinery, avoiding about 80,000 tons of CO2 equivalent emissions per year – equivalent to about 45,000 cars in Germany. The project also aims to endorse…