Deals & Finance

Major Role For WorleyParsons’ Advisian On World’s Largest Solar Power Project

Deals & Finance, Europe/Middle East/Africa, Head Lines, Solar

Noor Energy 1 has appointed Advisian, the global consulting firm of WorleyParsons, as Owner’s Engineer for the concentrating solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 700MW project will be the largest of its kind in the world and as an Owner’s Engineer, Advisian will protect the owner’s interests by ensuring all contractors are adhering to project specifications. It will also provide a review of the basic and detailed engineering, manage risk and provide technical support during construction & commissioning of the plant.

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Europe Adds 4.5 GW Of Wind Energy In First Half Of 2018

Deals & Finance, Europe/Middle East/Africa, Head Lines, Wind

Europe added 4.5 GW of wind energy capacity in the first half of 2018, according to figures released by WindEurope. The figure is down on the same period last year (6.1 GW) though is in line with expectations. For the whole of 2018, we expect to see 3.3 GW new offshore wind and 10.2 GW of onshore wind. This will mean 13.5 GW of new wind capacity in total for the year. WindEurope Chief Policy Officer Pierre Tardieu said: “We are on track for a solid year in new wind farm installations”, but expressed concern that “the growth is driven by just a handful of markets”.

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ABB Wins Big: $150m Order To Grid-Connect World’s Largest Offshore Wind-Farm

Deals & Finance, Europe/Middle East/Africa, Head Lines, Wind

ABB has won orders worth over $150 million from Danish energy company, Ørsted (previously Dong Energy), to supply a range of technologies that will help integrate and transmit renewable wind energy from Hornsea Project Two, slated to be the world’s largest offshore wind farm. Upon completion; in addition to powering 1.3 million homes, it will also provide the additional power supply to support economic growth in the UK’s Humber region and help the UK meet its target of generating 15 per cent of energy needs from renewable sources by 2020.

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Benelux Infrastructure Forum Returns To Amsterdam For 17th Consecutive Year

Deals & Finance, Europe/Middle East/Africa, Solar, Wind

Registration is now open for the 17th annual Benelux Infrastructure Forum. The industry-leading event for the Benelux region is returning to Amsterdam, Netherlands on the 21st and 22nd November 2018 for its 17th consecutive year. This year’s event will focus on exploring new financing mechanisms and alternative markets. It will also include an in-depth look at the different project financing models within the Benelux region for infrastructure projects, including; Public-Private Partnerships (PPP), institutional investment schemes, pension funds, debt financing, government funding, project refinancing, and more.

Benelux Infrastructure Forum Returns To Amsterdam For 17th Consecutive Year Read More »

Vestas Expands Global Presence With 108 MW Order For 3 Wind Parks In Bolivia

Americas, Deals & Finance, Head Lines, Wind

Vestas has expanded its global presence further and has entered Bolivia with a 108 MW order for the three wind parks, San Julián, Warnes, and El Dorado, all located in the municipalities of Cocota, Warnes and Cabezas in Santa Cruz, central Bolivia. Upon completion, the three wind parks will have a capacity of 40 MW, 14 MW and 54 MW respectively and will make up the Santa Cruz wind project and have a total capacity of 108 MW, which is four times the country’s total currently installed wind capacity; and will significantly accelerate Bolivia’s journey towards phasing out fossil fuels.

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Growth Of Renewables In Peru As Enel Opens Largest Wind Farm In Country

Americas, Deals & Finance, Head Lines, Wind

Enel is now Peru’s leading renewable energy generator with around 1.1 GW of installed capacity following the commissioning of Wayra I which, with more than 132 MW, is now Peru’s largest wind farm. Built in approximately a year and comprising 42 wind turbines of 3 MW over each, it’s expected to produce 600 GWh per year; enough to avoid the annual emission of over 285,000 tonnes of CO2 into the atmosphere. The energy generated by the wind farm is being delivered to the Peruvian transmission grid (SEIN) through the Poroma substation. The project is supported by a 20-year energy supply contract with Peru’s Ministry of Energy and Mines.

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Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

Deals & Finance, Energy, Head Lines, Region

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever, taking cumulative investment since 2010 to $2.5 trillion. An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This outpaced changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany. The figures up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, in 2015.

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Vestas Sets 10.6 GW Record In 2017 After Year-End Surge; Ups Cashflow Guidance

Americas, Deals & Finance, Head Lines, Wind

Vestas has received a firm and unconditional order for 190 MW of 4 MW platform turbines in the U.S. taking the global order intake for the company in 2017 to 10.6 GW, surpassing 2016’s record order intake of 10.5 GW. The surge of orders at the end of the year has resulted in the company revising its guidance for free cashflow upwards. It now expects the free cashflow for 2017 to be €1.15bn-€1.25bn, as compared with the previous guidance of €450m-€900m. Markets have reacted favourably with the company share price experiencing an increase of 5%.

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Nordex Benefiting Increasingly From Renaissance Of Spanish Wind Energy Market

Carbon, Deals & Finance, Europe/Middle East/Africa, Wind

The Nordex Group is benefiting increasingly from the renaissance of the Spanish wind power market: utility Gas Natural Fenosa Renovables (GNFR) has now ordered 58 AW132/3300 from the company in December. The contract covers the installation of six wind farms as well as multi-year services for the turbines. Construction of the first turbines will commence in the summer of 2018 and all the projects are located in regions of Spain where the Nordex Group has manufacturing facilities. In addition, the towers will be produced locally using the process developed by the company.

Nordex Benefiting Increasingly From Renaissance Of Spanish Wind Energy Market Read More »

Beyond Petroleum. BP Returns To Solar; Following Shell, Total Into Clean Energy

Deals & Finance, Europe/Middle East/Africa, Head Lines, Solar

BP and Lightsource have announced a strategic partnership combining BP’s global scale with Lightsource’s solar expertise. BP will acquire 43% equity share in Lightsource for $200 million, with the majority of the investment funding Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP. BP is not alone in moving away from oil and gas and towards clean energy. Anglo-Dutch Shell is purchasing electric car infrastructure companies, France’s Total is acquiring battery storage firms and Norway’s Statoil is pioneering floating wind farms.

Beyond Petroleum. BP Returns To Solar; Following Shell, Total Into Clean Energy Read More »

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