Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400MW Hassyan clean coal power project. Last June, DEWA signed the PPA, Shareholders Agreement (SHA), and other project agreements with the consortium led by ACWA Power. Total investment of the project is USD 3.4 billion through Hassyan Energy Company, which is a joint-venture between DEWA (51%) and a consortium comprising ACWA Power, Harbin Electric, and the Silk Road Fund (49%). The project consists of four 600MW net power units. They will be operational in March 2020, March 2021, March 2022, and March 2023 respectively.
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Farmers and Industry leaders have questioned the European Commission proposals for new legislation on clean energy which has significant implications for crop-based biofuels. In turn, the Commission views this introduction of a cap on the contribution of food-based biofuels as a mechanism to minimise the Indirect Land-Use Change (ILUC) impacts.
Dubai Electricity and Water Authority (DEWA) have signed a power purchase agreement with Abu Dubai Future Energy Company (Masdar) for the 800MW third phase of the Mohammed bin Rashid Solar Park. The Mohammed bin Rashid Al Maktoum Solar Park is a major undertaking which will become an international reference point for the renewable energy industry,” said Mohamed Jameel Al Ramahi, CEO of Masdar. The park was launched to diversify the energy mix so clean energy will generate 7% of Dubai’s total power output by 2020, 25% by 2030 and 75% by 2050. “Through the Solar Park, DEWA is making a significant contribution to the UAE’s vision for a green economy. The collaboration between all parties to reach this milestone has been exceptional”, added Al Ramahi.
WindEurope calls on the European Parliament and EU Member states to build greater ambition on renewables toward 2030. Giles Dickson, CEO of WindEurope, said: “We welcome the Commission’s package on renewables and market design. But there is still a lot of work to do in the Parliament and the Council to ensure renewables investors stick with Europe after 2020. If Europe is going to deliver on its goal to be number one in renewables, the Commission’s proposals have to be further developed. Crucially Member States have to produce meaningful national plans to map out their energy transition. And that means all Member States. Today only 7 out of 28 have clear plans and policies in place for renewables beyond 2020.”
Vattenfall has won the tender to build Kriegers Flak, a 600 MW offshore wind farm in the Baltic Sea. The winning bid was €49.9 per MW, which is among the lowest costs in the world for offshore wind power. It will be Denmark’s largest offshore wind farm; supplying 23% of all households in Denmark, 600,000 in total, with clean energy. Vattenfall’s investment will be €1.1–1.3Bn, pending a final decision. Kriegers Flak is part of Denmark’s 2012 agreement to become a green and resource efficient economy entirely independent of fossil fuels by 2050.
RenewableUK has released a new document today which highlights the offshore wind industry’s export potential. The document shows that British companies have already won 115 contracts to provide services for 50 offshore wind projects abroad in this rapidly-growing global sector. British companies are winning multimillion-pound contracts; making and laying cables, installing turbines, and providing other essential services. The analysis highlights 250 offshore wind farms in development around the world, representing a massive economic and industrial opportunity for the UK.
JinkoSolar has announced that it was appointed as one of the six co-chairs for the Business 20 (B20) ECRE Taskforce, under the leadership of the German G20 Presidency. This is the second consecutive year that JinkoSolar, the only Chinese enterprise, and solar PV Company, participated in the B20 process. It is also the first time the Energy, Climate & Resource Efficiency (ECRE) Taskforce accepted JinkoSolar’s recommendation to include solar PV renewable energy as a key topic of discussion at B20 in Germany next year.
A series of workshops for local authorities to promote e-mobility is being organised by the German state agency e-mobil BW and the local authorities’ association of Baden-Württemberg. The workshops are designed to indicate practical options for local authorities to get into electric mobility. The possible entry points include replacing conventional vehicle fleets with electric vehicles, establishing a needs-driven charging infrastructure, and electrifying the local public transport system with electric buses, electric taxis and schemes that make available local authority-owned electric vehicles for car sharing.
On 25 and 26 October 2016 Amsterdam RAI will again host the international gathering of the whole offshore energy industry, during Offshore Energy Exhibition & Conference 2016, where exhibitors and visitors can meet more than 11,500 professionals, from engineering to sales, from procurement to finance and from project management to executive management. The event will be kicked-off with the first Offshore Energy Opening Gala Dinner which will take place on the evening prior to the official start of OEEC on Monday, October 24th. This festive evening will take place at the impressive Beurs van Berlage in Amsterdam and will also see the presentation of the Offshore Energy Awards.
The largest local authority owned solar farm in the UK, acquired for nearly £14.5 million, will be used to help protect the future of municipal services in Forest Heath. It announced that after months of negotiations it has bought Greenheath Energy Ltd and with it the 12.4MW solar farm at Toggam Farm in Lakenheath. The purchase has been made using capital – under Government finance rules, councils are not allowed to use capital to plug annual funding gaps as eventually, the money would simply disappear. Instead, they can use the money to invest in projects which generate an annual income.
The UK Government, Department of Business, Energy and Industrial Strategy has given development consent for the electrical system required to transmit the power that will be produced by the 900-MW Triton Knoll offshore wind farm. The Triton Knoll wind farm has been in development since 2004 and permission was given for the project’s offshore wind turbines in summer 2013. The government has now given the go-ahead for the electrical system needed to transfer the power into the grid.