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Hungary reiterates interest in Russian gas deliveries via TurkStream Pipeline

Sputnik reported that Budapest is interested in considering alternative gas supply routes from the south, given the uncertainty surrounding the future of Russian gas transit via Ukraine in light of the nearing expiry of the relevant contract between Moscow and Kiev. Hungarian Foreign Minister Peter Szijjarto's statement was made on Thursday in an apparent reference to the TurkStream pipeline that will carry Russian natural gas via the Black Sea at a panel discussion at the EU-US first high-Level Business-to-Business Energy Forum in Brussels; the event was devoted to the issue of the United States’ LNG supplies, something that Washington promotes as an alternative to natural gas deliveries from Russia.

Speaking at the forum, Szijjarto said that Hungary imported gas from Russia due to the infrastructure conditions. He noted that, given the unresolved issue of the future Russian gas transit via Ukraine, Hungary should consider alternative supply routes from the south.

The minister added that Hungary's friends and allies were urging Hungary to diversify its gas imports, noting that Budapest was not against that idea but believed that success in diversification much depended on the country’s allies.

The TurkStream twin-pipeline will have a maximum capacity of 31.5 billion cubic meters (1.1 trillion cubic feet) a year. The first leg will deliver Russian gas under the Black Sea to Turkey for local consumption by 1 January 2020. The second leg is expected to carry gas to Southern and Central Europe, but its route has not been determined yet.

Source : Sputnik
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Ms Merkel's likely successor supports Nord Stream 2

In an interview with the Deutsche Presse-Agentur news agency, Ms Annegret Kramp-Karrenbauer, the new leader of Germany’s Christian Democratic Union, underscored her support for the Nord Stream 2 gas pipeline project. She said that “No matter what, we stand by this project. In terms of the country's energy mix, gas is of great importance to Germany given its decision to abandon using coal and nuclear power.

At the same time, Kramp-Karrenbauer recalled that some countries, including Poland and Ukraine, remain concerned over Nord Stream 2 and that German Chancellor Angela Merkel is trying hard to ensure that energy security guarantees for Kiev are respected.

Kramp-Karrenbauer’s remarks come a few days after Manuela Schwesig, minister-president of the German state of Mecklenburg-Vorpommern, slammed a recent statement by European People's Party leader Manfred Weber, a German-born candidate for the presidency of the European Commission, that he would do his best to block the construction of the Nord Stream 2 gas pipeline if he is finally nominated for the new job.

When asked about his position on Nord Stream 2, Weber told the Polska Times newspaper that he is up in arms against this project, which he claimed is “not in the interests of the EU because it will increase dependence on Russian energy resources”.

Source : Sputnik
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MHI Vestas installs Norther turbines in record time

Average installation time for the company’s latest project is half of the installation time at Burbo Bank Extension. Reflecting the company’s dedication to operational efficiency and continuous improvement, the installation team at MHI Vestas Offshore Wind, in partnership with Norther NV and Van Oord, completed the safe installation of Norther’s 44 V164-8.4 MW turbines in record time, despite inclement weather. The 44th and final turbine was safely installed last Thursday.

MHI Vestas Chief Operations Officer, Flemming Ougaard said that “The MHI Vestas installation team, together with our partners, has completed installation at Norther in record time. Not only did we finish ahead of schedule despite inclement weather, but most importantly, the project was installed safely. A truly exceptional job by everyone involved.”

Mr Vincent Leenders, MHI Vestas Project Director, said that “From the first V164 projects installed by MHI Vestas only 3 years ago, our installation times have progressively improved with the company seeing 50% faster installation times on Norther.”

After completion and start of commercial operations at the end of summer, Norther will supply 370 MW of green electricity to Belgium, the equivalent of powering nearly 400,000 Belgian homes. Norther is now the largest commercial wind farm off the Belgian coast.

Source : Strategic Research Institute
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Trelleborg secures cable protection contract for WindFloat Atlantic

JDR Cable Systems, owned by the TFKable Group, awarded Trelleborg’s offshore operation the contract to design, manufacture and deliver dynamic cable protection products for the Windfloat Atlantic project. Set for installation off the coast of Portugal in 2019, Trelleborg will provide Distributed Buoyancy Modules, bend stiffeners and Uraduct® for this project.

Paul van Es, Renewables Project Manager at JDR said that “We’re delighted to have won this project and to be working with the Trelleborg team. The harsh environment of the Atlantic is a perfect proving ground for floating offshore wind and our technology. We believe engineering innovations such as these are essential to make a success of floating offshore wind and to enable the sector to make the most of its global potential.”

Mr Daniel Bate, Renewables Sales Manager with Trelleborg’s offshore operation based in Skelmersdale, England, said that “After supplying cable protection products for JDR’s WF1 prototype in 2011, we are very pleased to be chosen to support this significant European commercial floating wind farm project. With over 30 years of experience and track-record as subsea polymer engineering experts, we take pride in our engineering capabilities and approach to offshore wind cable protection systems for both floating and fixed foundations. The opportunity permits Trelleborg to reaffirm its commitment to contributing to the growth of the renewable energy industry and securing this contract is a significant achievement, which follows on from previous contract wins in this growing sector.”

In floating production environments, subsea electrical power cables are used to inter-connect floating structures on offshore wind farms and run between the substation (electrical hub of the wind farm) and the shore. Trelleborg’s high performance DBMs and bend limitation products are designed to secure, guide and protect these power cables from excessive movement and bending that cause fatigue damage.

WindFloat Atlantic, developed by WindPlus, has a total capacity of 25MW in a 100 meters depth area on the Portuguese coast of Viana do Castelo. Each of its three platforms will be equipped with an 8MW commercial turbine that will operate on a WindFloat floating platform. The platform ensures stability and is only connected to the seabed by a catenary mooring system. The system avoids the complex offshore operations associated with installing traditional fixed structures, so it reduces potential impact on the environment.

Source : Strategic Research Institute
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Could high-flying drones power your home one day?

BBC reported that a growing number of companies believe using tethered kites and drones is a viable way to harness the stronger and more consistent high-altitude winds. Could this tech release wind power's full potential, or will it always remain a niche solution?. Wind power generated five times more electricity in 2018 than in 2008, according to recent figures from the US Energy Information Administration. Yet it still only accounts for about 4% of the world's electricity. Critics point to the fact that the wind doesn't always blow - the intermittency problem - making this form of renewable energy unreliable.

But winds at higher altitudes - above 500m (1,640ft) blow stronger and more consistently. An influential 2012 study from California's Lawrence Livermore National Laboratory found that high altitude winds alone could provide 100 times the global energy need.

Mr Udo Zillmann of trade association Airborne Wind Europe said that "Wind turbines have been getting bigger and bigger in a bid to access winds at high altitude. But that means huge, expensive towers."

So hi-tech drones and kites are now becoming accepted, lower-cost supplements, he argues.

He explained that "Airborne wind energy is a minimalistic version of a turbine, incorporating only the necessary elements: a blade and a tether measuring a few centimetres in diameter. These systems require between 1% and 10% of the materials used to construct a turbine and can also be grounded if required, for example to ease the passage of migrating birds."

Makani, part of Google's parent company Alphabet, is one of the companies working in the high-altitude wind space.

Its huge prototype kite is tethered to the ground and guided in loops by flight computers that use GPS and other sensors.

As the kite completes its loops, rotors on the 26m (85ft) wing spin in the wind, powering generators to produce electricity down the tether to the grid.

Makani began testing its current prototype, which is designed to produce up to 600 kilowatts of electricity enough to power about 300 homes in 2015.

And in partnership with energy giant Shell, it is about to trial a new offshore system mounted on floating buoys.

Firm's chief executive, Mr Fort Felker said that "We plan to mount Makani's kite on a small spar buoy moored with a synthetic line and gravity anchor. This is possible because Makani's kites are 90% lighter than turbines of a similar power rating. It's an exciting technical challenge."

Flying energy-capturing kites or drones offshore makes sense from a regulatory point if view, given that some can travel 600m in each direction.

Source : BBC
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Vestas develops customised solutions for two projects in Finland

Vestas has received a 71 MW order from VALOREM, a major player in the French wind energy market, for the Saunamaa and Suolakangas wind projects located in southern Finland. The wind parks are VALOREM’s first in Finland. To maximise power production and cater for local tip height requirements, the Saunamaa project will feature a customised Vestas solution, including eight V150-4.2 MW wind turbines with a 135m hub height specifically developed for the site. The Suolakangas project comprises nine V150-4.2 MW turbines, featuring Vestas’ standard towers with a hub height of 155meter. Located in Finland, the sites’ cold climate conditions are dealt with through Vestas’ Anti-Icing-SystemTM that efficiently manages ice formation on blades during operation to maximise energy production. Targeting icing only where and when it is needed minimises the system’s power consumption and maximises the effective climatic operating range.

Mr Jean-Yves Grandidier, Founder and President of VALOREM said that “We are very pleased to initiate the construction of our first Finnish wind farms. These two projects mark the beginning of a successful platform for VALOREM in the Nordics with a portfolio of more than 700 MW of assets under development with developer Megatuuli. We are happy to have found in our partnership with Vestas the right technology, especially through anti-icing, to get the most of the assets.”

Mr Christer Baden Hansen, Vice President Sales North & West, Vestas Northern & Central Europe said that “This order, from our valued, long-term partner VALOREM, once again underlines our ability to deliver profitable, customised wind energy solutions under merchant market conditions, offering the lowest cost of energy to the Finnish market. We thank VALROEM for choosing Vestas as partner for their market entry to Finland and look forward to maximising our customer’s return on investment.”

The order includes supply and commissioning of the wind turbines and a full-scope service agreement (AOM 5000) for 25 years. Deliveries are expected to begin in the second quarter of 2020, while commissioning is planned for the third quarter of 2020.

Source : Strategic Research Institute
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ERG exceeds 3,000 MW of installed capacity in Europe

ERG, through its subsidiary ERG Eolienne France SAS, has completed its acquisition from the Zurich-based Profond Finanzgesellschaft AG of a 100% equity stake in "Les Moulins de Fruges SAS", a company incorporated under French law, owner of six wind farms located in the Northern France region of Hauts-de-France, with an overall installed capacity of 52 MW

This transaction, which has been approved by the French Ministry for the Economy and Finance, allows ERG to exceed 3,000 MW of installed capacity in Europe in the four technologies managed, and to consolidate its position in France by stepping up the growth path envisaged in the business plan.

Source : Strategic Research Institute
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Siemens Gamesa reports record order backlog of EUR 23.6 billion

Siemens Gamesa Renewable Energy has reported the results of the first half (October-March) and the second quarter (January-March) of fiscal year (FY) 2019. Revenue increased by 6% YoY in the first half, to UR 4,651 million, the EBIT margin pre-PPA and integration and restructuring costs stood at 6.8%, and net profit increased from UR 0 million in the same period last year to UR 67 million this year In the second quarter, revenue increased by 7%, to UR 2,389 million, the EBIT margin pre-PPA and integration and restructuring costs amounted to 7.5%, and net income rose 40% YoY to UR 49 million. Solid commercial activity enabled the company to fully cover the low end of the FY 2019 revenue guidance range (UR10,000-11,000 million). The company has logged orders worth EUR 10.9 billion in the last twelve months (+8% YoY), driven by strong performance in all segments

Siemens Gamesa has become the first wind turbine manufacturer to attain an investment grade rating. The company obtained a BBB- long-term credit rating, with positive outlook, from Standard & Poor’s (S&P), and a Baa3 outlook stable rating from Moody’s. Siemens Gamesa has debuted in the public rating arena within investment grade.

Commercial activity remained strong during the period, with a record order backlog of EUR 23.6 billion (+7% YoY), fully covering the low end of the FY 2019 revenue guidance range, providing enhanced visibility for following years.

Order intake amounted to EUR 2.5 billion in the second quarter of FY 2019, driven by Service, where order intake increased by 11% year-on-year. In the last twelve months, order intake amounted to €10.9 billion (+8% YoY), supported by strong performance in all segments.

During the quarter, Siemens Gamesa continued to reinforce its technological leadership. After presenting a 10 MW offshore wind turbine, the SG 10.0-193 DD, the company has unveiled a new platform with the SG 5.8-155 and SG 5.8-170 wind turbine models, including the largest Onshore rotor in the market. This platform is a combination of proven and next-generation technologies, with a highly flexible design which makes it suitable for a broad range of sites. Production of the SG 5.8-155 model is scheduled to commence in Q4 2020, while the SG 5.8-170 will start in Q1 2021.

Source : Strategic Research Institute
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French & Irish regulators back EU grants for Celtic undersea power cable

French energy regulator CRE and its Irish counterpart CRU said that they are backing a bid by the Celtic Interconnector undersea power cable project to get at least 60% of its 9UR 30 million investment from European Union grants. The regulators said that in the context of Britain's exit from the European Union, the project will establish a direct power link between Ireland and the European internal energy market. It would also improve Ireland's security of supply.

The regulators said they have agreed that 65% of the project's estimated investment costs will be allocated to Ireland and 35% to France.

The 700 MW high-voltage power cable project, led by French power grid operator RTE and Ireland's EirGrid, will be the first interconnector linking Ireland to France. The Celtic Interconnector, set to run from the southern Irish coast to Brittany in France from 2026, was declared a common interest project by the European Union's executive arm, making it eligible for grants from the bloc.

Source : Reuters
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Britain's power grid notches up first coal free week since Industrial Revolution

Britain’s electricity grid has gone a full week without coal for the first time since the Industrial Revolution. The new record the first coal-free week since use of the fossil fuel for electricity began in the 19th century was set at 1.24 PM on Wednesday, a week after the last generator came off the system. The news comes just a couple of weeks after London was hit by 10 days of protests by Extinction Rebellion activists.

It comes just two years after Britain marked its first full day without coal, but National Grid Electricity System Operator director Fintan Slye predicted coal-free generation will become the “new normal”. He said that “As more and more renewables come on to our energy system, coal-free runs like this are going to be a regular occurrence. We believe that by 2025 we will be able to fully operate Great Britain’s electricity system with zero carbon.

He added that “Zero-carbon operation of the electricity system by 2025 means a fundamental change to how our system was designed to operate integrating newer technologies right across the system from large-scale offshore wind to domestic-scale solar panels to increased demand-side participation, using new smart digital systems to manage and control the system in real time.”

And he said that “Operating a zero-carbon electricity system in 2025, whenever there is sufficient renewable generation, is a major stepping stone to full decarbonisation of the entire electricity system. This will enable new technologies and removes barriers to ever increasing levels of renewables.”

Government figures show that renewables wind, solar, bioenergy and hydropower accounted for a record 27.5% of electricity supplies in 2018.

Low-carbon generation, which also includes nuclear power, accounted for half of supplies (49.6%), a new record high for clean electricity.

Coal, which the Government has pledged to bring off the system by 2025, fell to new lows in 2018, accounting for just 6% of UK power supplies, while gas made up 43.9% of the supply mix, down from 44.8% in 2017.

Source : Strategic Research Institute
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Siemens to spin off gas and power division

Siemens will spin off its struggling energy division and merge it with separately listed wind turbine supplier Siemens Gamesa Renewable Energy creating a new multi-technology global energy powerhouse. The German industrial giant this week announced a plan to create and then publicly list a new energy company whose product range will span oil and gas solutions, gas and steam turbines, on- and offshore wind turbines, and transmission equipment. The new company is expected to have 80,000 employees and annual revenues of EUR 30 billion (USD 33.6 billion). It will fold in SGRE, the world’s third largest supplier of wind turbines last year, trailing only European rival Vestas and China’s Goldwind, according to data from Wood Mackenzie Power & Renewables.

SGRE was created two years ago through the merger of Siemens’ wind business and Spanish wind company Gamesa, as part of the intense and ongoing consolidation being seen across the global wind supply chain.

Siemens CEO Joe Kaeser said in a statement that “Combining our portfolio for conventional power generation with power supply from renewable energies will enable us to fully meet customer demand. It will also allow us to provide an optimized and, when necessary, combined range of offerings from a single source.”

It was not immediately clear who would lead the new energy company. Lisa Davis, an American, is CEO of Siemens’ Gas and Power unit. Markus Tacke, a German, leads SGRE.

Source : Strategic Research Institute
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CGN agrees to invest in completion of Romanian reactors

A preliminary investors' agreement has been signed between Romanian national nuclear company Nuclearelectrica and China General Nuclear regarding the completion of units 3 and 4 at the Cernavoda nuclear power plant. The unfinished units 3 and 4 at Cernavoda (Image: Nuclearelectrica)
The investors' agreement in the preliminary form was signed at the Ministry of Energy in Bucharest by Nuclearelectrica, CGN and CGN Central and Eastern Europe Investment (Romania) Co. The signing took place in the presence of Romanian Vice Prime-Minister Viorel Stefan; Minister of Energy Anton Anton; China's Ambassador Extraordinary and Plenipotentiary to Romania Jiang Yu; and Economic Counsellor of China to Romania Guan Gang.

The PIA was approved by Nuclearelectrica's shareholders during its General Meeting of Shareholders on 10 April. CGN has also completed its internal approval process of the agreement.

The agreement calls for the setting up of a joint venture project company as a "technical and operational platform" for the completion of Cernavoda 3 and 4, which will be 700 MWe Candu 6 pressurised heavy water reactors. Under the agreement, the joint venture will be established within the next 60 working days for an initial period of two years. CGN will hold a 51% stake in the project company, with Nuclearelectrica holding the remaining 49%.

Mr Anton said that "Reaching a consensus in the negotiation process, mutually advantageous for both parties, realised by the approval of Nuclearelectrica's shareholders of the investors' agreement in the preliminary form, is in actuality the effective initiation of the concrete measures to continue and develop of Cernavoda units 3 and 4. During the initial two-year duration of the new project company we will define and structure the model to continue the project, being in fact the first essential stage prior to the construction of the two units."

Mr Bian Shuming, general manager of CGN Romania Nuclear Power Co said that CGN is fully committed to working closely together with its Romanian partner on the successful development of the next phases of the project in line with the agreed principles.

Cernavoda is already home to two operating Candu 6 reactors supplied by Candu Energy's predecessor, Atomic Energy of Canada Ltd (AECL), and built by a Canadian-Italian consortium of AECL and Ansaldo. Unit 1 started up in 1996, but work was suspended on a further four units in 1991. Unit 2 was subsequently completed and has been in operation since 2007.

Source : Strategic Research Institute
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Preem and Vattenfall deepen partnership for the production of fossil-free fuel on a large scale

Vattenfall and Preem want to lead the transition towards a sustainable society. A new three-year agreement forms the foundation for increased collaboration around fossil-free hydrogen for biofuel production, electrification and electricity supply. The agreement provides for increased collaboration between the companies around fossil-free hydrogen for biofuel production, electrification and electricity supply. Work on the first joint project will be intensified with ongoing preparations for fossil-free hydrogen production through water electrolysis at Preem's refinery on the island of Hisingen outside Gothenburg. The aim is to develop a plant with a capacity of 20 MW, which would be Europe's largest water electrolysis plant for the refinery sector.

Preem is Sweden's largest fuel producer and plays a leading role in the transition to more renewable fuels. Vattenfall is Sweden's largest electricity generator and aims to help its customers and society reduce emissions of greenhouse gases and enable fossil-free living within one generation.

Sweden's environmental targets mean that carbon dioxide emissions from the transport sector must fall by 70 per cent between now and 2030, which in turn means that generation of renewable fuels must increase considerably. Preem and Vattenfall have the shared goal of reducing the climate impact of the production of sustainable fuels. This makes society less dependent on fossil fuels.

Preem's objective is to produce three million cubic metres of renewable fuel by 2030, which together with direct electrification would account for the bulk of the reduction in carbon dioxide emissions in the Swedish transport sector. Preem has identified a number of strategic investment opportunities which would enable it to be less fossil dependent, with a significant contribution coming from increased electrification of the production of fossil-free hydrogen.

Source : Strategic Research Institute
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ABB wins major order to transmit wind power from North Sea

ABB’s Power Grids business has been awarded a triple digit million euro order from the Aibel/Keppel FELS consortium, which will design, construct, and build the High Voltage Direct Current transmission system for the offshore wind connection project DolWin5. ABB is the HVDC technology provider. This project will deliver 900 MW of zero-carbon electricity from three wind farms some 100 km off the German coast. It is scheduled for completion in 2024. The order includes the converter platform in the North Sea, as well as an onshore converter station located in Emden, in the Lower Saxony region of Germany. TenneT, a leading European electricity transmission system operator, with activities in the Netherlands and in Germany, is responsible for providing power links to the offshore wind farms in this cluster.

ABB’s HVDC solution is used to transport the power generated by offshore wind farms very efficiently by converting the alternate current (AC) to direct current (DC) on the converter platform. That makes it possible to transmit the power through a 130-kilometer-long DC cable system with very low losses to the mainland. In the onshore converter station, the power is converted back to AC and then integrated into the transmission grid. ABB HVDC’s offshore wind connection solutions are compact and modular to specifically address the challenges of the offshore wind industry and support a substantial improvement in LCOE (Levelized Cost Of Electricity), as well as carbon footprint.

With the use of ABB’s voltage source converter technology, commercialized under the name HVDC Light®, it is possible to keep the conversion losses very low. Additionally, the order will also include the ABB Ability™ Modular Advanced Control for HVDC (MACHTM), which is instrumental in controlling the complex connection between wind farms and the on-shore AC grid.

Source : Strategic Research Institute
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Greek grid gets EIB loan for Crete undersea power link

Reuters reported that Greece moved closer to cutting Crete's reliance on oil to generate power as grid operator ADMIE signed a EUR 178 million European Investment Bank loan to partly fund undersea cables to the mainland. The 132 kilometre interconnection of Crete to the Peloponnese peninsula is key to ensuring the power supply on the island which relies solely on oil-fired plants and will help Greece ramp up its renewable energy capacity. The project, budgeted at 350 million euros, consists of two undersea cables, and is expected to be completed next year.

Total lending in Greece by the EIB, which is owned by the European Union's 28 member states, stands at EUR 19 billion, including green energy, transport and telecommunications projects.

Source : Reuters
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Austria supports Nord Stream 2 - Minister

Sputnik reported that US increased its pressure on the Western European countries partnering with Russia on Nord Stream 2, accusing Moscow of using the gas pipeline project as a geopolitical weapon and threatening to levy sanctions against European companies working with Gazprom on the project. But Austria envisions Nord Stream 2 as a project which will help ensure Europe's long-term supply of energy, and does not support efforts to replace it. Austrian Economy Minister Margarete Schrambock said "We support this project to secure Europe's long-term energy supply.”

According to the minister, other sources of energy, including liquefied natural gas supplies from the United States, are welcome in Europe, but in addition to, not instead of Nord Stream 2.

Austrian energy giant OMV is one of five Western European energy companies working with Russian gas giant Gazprom on the construction of Nord Stream 2, an USD 11 billion energy infrastructure project designed to deliver up to 55 billion cubic meters of gas per year to a hub in Germany via the Baltic Sea. Expected to be completed later this year, the project is actively opposed by Washington and its allies in Eastern Europe, with some of the latter standing to lose revenues from ground-based pipelines through which Russian gas makes its way west.

Source : Sputnik
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Rentel offshore wind farm based on steel from Dillinger

The largest turbines installed so far in the Belgian North Sea are based on steel from Dillinger: At water depths of 22 to 36 meters, the 55,000 tonnes of thermomechanically rolled heavy plate in the form of monopile foundations weighing up to 1,250 metric tons ensure that the Rentel offshore wind farm is standing securely. Heavy plate from Dillinger (1,150 tons of thermomechanically rolled plate in thicknesses from 30 to 100 mm) is also contained in the monopile foundation of the farm’s electrical substation, which converts the voltage from 33 to 225 KV before the generated current is fed back to the on-shore power grid through an underwater cable.

The wind farm is located about 40 km north of Ostend in the Belgian part of the North Sea and covers an area of 22.72 km². It consists of 42 wind turbines with an output of 7.35 MW each. With a total installed capacity of 309 MW, Rentel can supply around 285,000 Belgian households with green electricity – and thereby significantly help achieve Belgian and European climate targets.

The masts, weighing 470 metric tons each, rise 106 meters above the water’s surface. The nacelles, 20 meters long and 6 meters wide, are equivalent in size to two standard houses. Each blade weighs nearly 30 metric tons, is at least 75 meters long and up to 5 meters wide, which is one and a half times the length of an Olympic pool. With a diameter of 154 meters, the rotor covers a swept area of 18,600 square meters – equivalent to the wing span of two Airbus A380s. In sum, the total weight of a single wind turbine (tower + nacelle + rotor) amounts to approximately 950 metric tons. When the foundation is included, a turbine reaches a height of almost 200 meters, which is twice the height of the Atomium and more than one and a half times that of the Cathedral of Antwerp.

Source : Strategic Research Institute
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Ardian to buy Cerberus owned wind farms in Spain - Report

Reuters quoted two sources with knowledge of the deal said as saying that reported that French investment fund Ardian is close to buying wind farms from Spanish renewables group Renovalia in a 550 million euro (USD 617.87 million) deal, marking a move into green energy where buyer interest is hotting up.

Renovalia has been owned by US private equity fund Cerberus since 2015. Among the assets covered by the deal is Renovalia Reserve, a joint venture between Renovalia and BlackRock, according to one of the sources.

The deal shows renewed investor interest in green energy assets now the threat of subsidy cuts that scared investors away from Spanish renewable assets in 2013 has faded. Also, the cost of wind and solar technology has fallen and governments and companies have stepped up efforts to cut carbon emissions.

Ardian aims to put to work some of a 6 billion-euro ($6.74 billion) fund for investments in Europe with the acquisition of Renovalia's 420-megawatt portfolio.

Renovalia has 1,484 MW wind and solar assets around the world, including 512 MW under development.

Source : Reuters
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'Vier bedrijven dingen mee om windpark Noordzee'

Gepubliceerd op 15 mei 2019 om 06:19 | Views: 1.602

AMSTERDAM (AFN) - Ten minste vier consortia willen het volgende windpark op de Nederlandse Noordzee bouwen. Het Franse Engie heeft volgens De Telegraaf plannen om mee te dingen naar een concessie voor een windpark.

Engie zit wereldwijd in 280 windparken en bijna 500 zonneparken, maar heeft tot op heden geen concessie voor een windpark op het Nederlandse deel van de Noordzee. Het krijgt bij zijn poging de tender voor de windparken Hollandse Kust Zuid 3 en 4 hulp van onder meer het Canadese Northland Power en beleggingsmaatschappij Meewind. Ook heeft het contracten afgesloten met grote Nederlandse afnemers, ’om deze groene stroom in Nederland te houden,’ aldus een woordvoerder tegen De Telegraaf.

Om Hollandse Kust Zuid 3 en 4 wordt nu geknokt door Shell en Eneco, Vattenfall, Orsted en dus Engie.
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FLAGSHIPS project to deploy two hydrogen vessels

The European innovation project FLAGSHIPS has been awarded EUR 5 million from the EU to support deploying two commercially operated zero-emission hydrogen fuel cell vessels in France and Norway. The FLAGSHIPS project contributes in building two new build vessels, one in Lyon, France and one in Stavanger, Norway. In Lyon, a hydrogen push-boat operated by Compagnie Fluvial de Transport will serve as a utility vessel on one of its most demanding rivers, the Rhône. In Stavanger, hydrogen is intended to power a passenger and car ferry operated by Norled as part of the local public transport network.

The funds awarded to the FLAGSHIPS project have been granted from EU’s Research and Innovation programme Horizon 2020 under the Fuel Cells and Hydrogen Joint Undertaking.

Green and sustainable shipping is a prerequisite for reaching national and international emission reduction targets. With increasing pressure for shipping to reduce harmful emissions, fuel cells and hydrogen are key technologies in providing a sustainable transportation option for the international shipping industry.

Senior Scientist and Project Manager Antti Pohjoranta from VTT Technical Research Centre of Finland who will be coordinating the project, said that “Both the EU and the shipping industry see hydrogen as a key contributor in the work to mitigate climate change. The FLAGSHIPS project sets out to raise the readiness of hydrogen-powered waterborne transport to a new level globally.”

The current ferry operating the Finnøy connection outside Stavanger, Norway. In the FLAGSHIPS project Norled intends to replace the ferry with a hydrogen driven vessel. The FLAGSHIPS project brings together a group of leading industrial partners. In Lyon the project will deploy a hydrogen driven push boat on the river Rhône in France.

The project aim is that both vessels will run on hydrogen produced from renewable energy. This will not only enable truly zero-emission operation of the ships, but also create a solid basis for further local zero-emission transport deployment both at sea as well as on land.

Norled CTO, Sigvald Breivik,said that “Norled has taken a leading role in the development of zero emission ferries. This innovation project will be an important next step when it comes to proving the maritime fuel cell technology and illustrating its business viability. By leveraging knowhow from existing onshore and marine system integration activities the project will also reduce the cost of marine fuel cell power systems significantly.”

Source : Strategic Research Institute
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HEIJMANS KON +7,14%
BAM +4,70%
ASMI +4,69%

Dalers

Basic-Fit -20,51%
Air France-KLM -3,47%
AMG Critical ... -2,85%
AZERION -2,62%
Alfen N.V. -2,40%

EU stocks, real time, by Cboe Europe Ltd.; Other, Euronext & US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront