Author: Arnes Biogradlija

Onsite green hydrogen production cost is expected to halve by 2030, suggesting an rise in South Korea’s hydrogen ambitions, according to Wood Mackenzie. Under the administration of president Moon Jae-In, the Government has announced ambitious plans to become an economy dependent on hydrogen by 2050. This includes proposals for three hydrogen-powered cities by 2022 and accelerating fuel cell vehicle (FCV) deployments, both of which have spiraled the country into a frenzied search for hydrogen investments. “Cost is the biggest challenge today as green hydrogen costs 2-4 times more than fossil-fuel hydrogen. This is set to change by 2030. Net-zero emissions…

Johnson Controls has completed its Phase One project with Gunnison County, Colorado which included the installation of photovoltaic (PV) solar panels and LED lighting in five county buildings. The Phase One upgrades are the continuation of the County’s long-standing pledge to reducing its facilities and operations’ energy usage and greenhouse gas emissions. For several years, the County has electrified and increased the performance of its facilities, and the introduction of PV generation is an exciting next step in a long-standing dedication to the the environmental effects of County operations. The project was enabled by the Colorado Office of Energy. Gunnison County…

Encore Renewable Energy and the Greater Burlington YMCA have completed a new solar array on the rooftop at downtown Burlington. Encore has worked extensively with the management team and construction contractors at the YMCA to integrate the solar project into the new facility that was built on a redeveloped property in downtown Burlington, Vermont. The new rooftop solar array will provide cost savings for the YMCA on the electrical bills of the facility and the opportunity to acquire the asset at a future date, while complementing their sustainability goals to be energy efficient as well. It also furthers the position…

174 Power Global has completed and energized its Oberon Solar Power Facility, one of the largest utility-scale solar generation facilities in Texas. Chariot Energy, an affiliate of 174 Power Global, has entered a power purchase agreement (PPA) for 30 megawatts (MW) of the 180-MW project to support its 100 percent renewable energy product offering to retail customers across the deregulated Texas energy market, the Electric Reliability Council of Texas. “This is a major milestone for both 174 Power Global and Chariot Energy, as we commissioned this project as a means of helping transform the way energy is generated and provided…

Hanwha Energy, a comprehensive-energy-solutions company, hosted an event at its Daesan Industrial Complex in Seosan, Korea, and celebrated the completion of a hydrogen-fuel-cell power plant that only uses recycled hydrogen. The new byproduct-hydrogen-fuel-cell power plant was designed by Hanwha Engineering & Construction and costs $212 million. It occupies 20,000 m2 of the Daesan Industrial Complex. It is the world’s largest industrial hydrogen-fuel-cell power plant, and the first to use petrochemically recycled hydrogen only. The electricity needs of 160,000 homes will be met with an annual production capacity of 50 MW and the ability to generate up to 400,000 MWh of…

CIT Group’s Power and Energy unit has served as sole lead arranger on a $162 million financing for the East Blackland solar project in Travis County, Texas. The financing was negotiated on behalf of Recurrent Energy, a wholly owned subsidiary of Canadian Solar that serves as the U.S. project development arm of Canadian Solar. Recurrent, an influential participant in the production of renewable energy, has already built more than 2,4 gigawatts of solar projects, and is planning a further 5 gigawatts. East Blackland is a 144-megawatt (MW) alternating current solar plant, also known as the Pflugerville solar farm. Austin Power,…

Duke Energy Renewables has closed of $109.4 million in a preferred tax equity funding from Goldman Sachs’ Alternative Energy Investing Group. The investment will be used over 18 months to finance a diverse portfolio of approximately 75 megawatts of solar and solar plus storage projects, to be developed and installed by REC Solar subsidiary of Duke Energy Renewables. Projects will include commercial and industrial ground-mount and rooftop projects, as well as community solar projects in several states like Arizona, California , Colorado, Hawaii, Massachusetts and Texas. The investment structure of Goldman Sachs, which monetizes both the cash and tax attributes created…

Watson Farley & Williams (wfw) has advised Sonnedix on the €154.4 million non-recourse financing of a portfolio of 62 Spanish photovoltaic plants with a gross installed capacity of 154 MW. The financial institutions involved as mandated lead arrangers (MLAs) include ING Bank, Nomura International and Banco Santander. Cajamar joined the MLAs, creating a syndicate of four lenders. ING Bank and Banco Santander also worked as hedging providers and Banco Santander served as facility agents. The WFW Madrid Finance team advising Sonnedix was led by partner Rodrigo Berasategui, working closely with senior associate Antonio Cáneva. “We are proud to advise Sonnedix…

Siemens Energy and Beijing Green Hydrogen Technology, a subsidiary of China Power International Development (China Power), have signed an agreement for a hydrogen fueling station to have hydrogen production infrastructure. Located in Yanqing City, Beijing, one of the three key strategic areas for a major sporting event in 2022, Siemens Energy’s green hydrogen production system will help ensure hydrogen supply during and after the event for public transport. The megawatt green hydrogen production solution is the first such solution to be installed in China by Siemens Energy. The completion of the project is expected in May 2021. In September 2019,…

DEME Offshore has been awarded a significant EPCI contract for inter-array cables at wind farms Dogger Bank A and Dogger Bank B in the UK, the first two phases of the 3.6 GW Dogger Bank wind farm, which is the world’s largest under construction offshore wind farm. The wide-ranging reach covers engineering, procurement, construction and installation of subsea cables for the combined 2.4 GW wind farm. DEME Offshore will supply, install and protect 650 kilometers of 66 kV inter-fixed cables and all associated accessories. Dogger Bank Wind Farm is situated more than 130 km off England’s North East coast and is…