Author: Arnes Biogradlija

Equinor and SSE have reached a financial close in the first two phases of the Dogger Bank wind farm Project, which represents the biggest offshore wind project financing in the world to date. Total senior debt facility over the two phases is £4.8 billion plus ancillary facilities of about £0.7 billion. Dogger Bank A and B are being project financed with gearing of 65 percent to 70 percent for the generation assets. The transmission facility gearing is set at 90 percent of the planned sales proceeds of OFTO. “Reaching financial close on the two first phases of Dogger Bank is…

EDP Renováveis has secured a 74 MW Solar PV project with a 20-year Power Purchase Agreement (PPA) through its subsidiary EDP Renewables North America. The project is located in the U.S. state of North Carolina in detail and is scheduled to begin operations in 2022. With EDPR’s current solar assets in operation and 1,5 GW of new solar projects already underway, EDPR’s portfolio will expand its technical diversification and cross 1,8 GW of solar capacity build-out by 2022. With this new agreement, EDPR has secured 87 percent of the ~7 GW of targeted global wind and solar capacity build-out for the 2019-2022…

Wärtsilä has received more orders from Pakistani cement producer, Lucky Cement, to deliver engine generating sets. Lucky Cement’s Pezu power plant in Pakistan’s Khyber Pakhtunkhwa (KPK) province already operates with ten Wärtsilä dual-fuel engines supplying the electricity needed to run the production. With new cement lines installed, an additional three Wärtsilä 34DF dual-fuel engines, each with an output of 10 MW, have been ordered to provide the additional power required for the power plant without grid connection. The orders were placed in April, August, and November 2020. The Wärtsilä engines are capable of operating on various fuels, but will be…

The German Federal Network Agency (Bundesnetzagentur) has awarded the successful bids from the joint tender for solar and wind energy systems on land. 91 bids with a volume of 518,094 kW were submitted on time for the joint tender for solar and wind energy systems on land. The amount of 200,000 kW tendered was again substantially oversubscribed. The bids applied solely to solar systems. Not a single bid for wind turbines has been submitted. Seven of the commandments had to be omitted. The Federal Network Agency has awarded a total of 43 bids with an output of 201,911 kW. Successful…

Damen Shipyards Group has delivered a Fast Crew Supplier 1204 to Total Offshore. The crew transfer vessel is the first in the fleet of the company. The FCS 1204, named Swift, will be used to transport personnel to wind farm in the North Sea. The contract was signed by Damen and Total Offshore in October. Thanks to Damen’s tradition of constructing standardized vessels in series for stock, the FCS 1204 was ready for delivery just over a month later, after some final preparations at Damen Shipyards Hardinxveld. The FCS 1204 is a flexible design that can be configured for a number…

The RESOURCECODE project has made a significant step forward with the first year of hindcast data being produced for the project’s marine data toolbox and the development of the new online platform. RESOURCECODE aims to support the investment and growth in the wave and tidal energy sector through the creation of an integrated marine data toolbox. The toolbox is due to be launched in 2021 using 28 years of hindcast wave data from across North West Europe. It will provide technology developers and supply chain companies with world leading resource characterization, enabling them to improve engineering designs, optimize operations in…

Europe’s top renewable energy organisations are launching the Renewable Hydrogen Coalition to give voice to businesses and thought leaders that will be decisive in positioning Europe as the world leader in renewable hydrogen, produced via electrolysis and based on 100% renewable electricity. Comprised of WindEurope and SolarPower Europe, and supported by Breakthrough Energy, the coalition will build a high-level and interdisciplinary network of innovators, entrepreneurs, and corporate leaders from the rapidly growing renewable hydrogen community, including industrial off-takers. The Renewable Hydrogen Coalition is being announced alongside European Commissioner for Energy, Kadri Simson, under whose authority the European Commission presented an…

Ørsted its intention to develop South Korean offshore wind projects with a potential capacity of up to 1.6GW off the coast of Incheon City. Earlier this year, Ørsted achieved an important milestone by deploying four floating lidars off the coast of Incheon and has progressed well in collecting all relevant data for securing the potential 1.6GW offshore wind sites. Ørsted’s projects in Incheon could provide clean energy to 1.4 million South Korean households and reduce carbon emissions by almost 4 million metric tons per year, thus making significant contributions to the Green New Deal and president Moon’s recently announced target…

Ørsted has signed an agreement with Dogger Bank wind farm in which Ørsted will be responsible for exchanging and balancing 40 percent of the power produced from the first two phases of the 3.6 GW wind farm. Ørsted will exchange and balance 960MW of renewable power generation from 2.4GW of installed capacity at Dogger Bank wind farm A and B on the electricity market on a regular basis and will deal with intraday variations in volume and prices balancing the power supply to the grid. Ørsted’s market exposure is limited to frequent fluctuations in power prices. The contract between Ørsted…

Canadian Solar has signed a Power Purchase Agreement (PPA) with BTG Pactual and has been awarded two private auction projects by Furnas Centrais Elétricas (Furnas) for a total of 862 MWp in solar power projects in Brazil. Canadian Solar will supply solar energy from a 170 MWp cluster of projects located in the State of Minas Gerais for the 12-year PPA with BTG. The projects will begin construction in 2021 and are projected to be commercially operational by the end of 2022. BTG is one of the largest investment banks in Latin America and one of the largest energy trading…