Monday, May 25, 2020

Electricity Consumption News

Denmark, Vietnam Talk Offshore Wind Expansion

Illustration only: Image by s_a_j - AdobeStock

Denmark and Vietnam are working on finding ways to further boost Vietnam's offshore wind development, which according to the Danish Energy Agency, has a potential of 160 GW offshore wind. As part of the effort, the Danish Energy Agency and the Vietnamese Electricity and Renewable Energy Authority are preparing an Input to Roadmap report for offshore wind development in Vietnam. The Danish Energy Agency and Vietnamese authorities on Tuesday organized a webinar to discuss the most important governmental steps to move the expansion of offshore wind forward.

First Foundation Installed for Kriegers Flak Offshore Wind Farm

Van Oord's Svanen vessel - Credit: Van Oord

Following the arrival of Van Oord's Svanen heavy-lift vessel at the Kriegers Flak Offshore Wind Farm location offshore Denmark earlier this week, the first foundation has now been placed on the seabed, Vattenfall, the operator of what will be Denmark's largest offshore wind farm, said Friday."The foundation represents the first visual offshore part of the wind farm itself. It’s a milestone in the development of this great project and Vattenfall’s journey towards enabling fossil-free living”…

Enbridge Sells Stakes in French Offshore Wind Projects

Image for illustration - Credit: Parc éolien en mer de Saint-Nazaire / GE / Chris New

Canadian energy infrastructure firm Enbridge has reached a deal to sell 49% of its 50% interest in three offshore wind projects under development in France to the Canada Pension Plan Investment Board (CPP Investments).The deal includes initial proceeds of over C$100 million (USD 71,1 million), and pro-rata contributions for development and construction, going forward.The company said Thursday it had on on May 1, 2020, executed agreements with CPP whereby 49% of  Enbridge's 50% interest in…

Van Oord to Install Saint-Brieuc Wind Farm Foundations

Van Oord's Aeolus Vessel - Image Credit: Van Oord

Dutch offshore contractor Van Oord has won a contract for installation and transportation of components for the offshore wind farm development in the Bay of Saint-Brieuc, France.Under the contract awarded by the wind farm developer Ailes Marines - fully owned by Spain's Iberdrola - Van Oord will transport and install the 62 jacket foundations - steel lattice structure - and the foundation piles for the offshore substation for the wind farm.Van Oord said Wednesday it will start the offshore operations in 2021 with the installation of the pin piles using its offshore installation vessel Aeolus…

Belgium: Offshore Wind Farms Break Record

Image Credit; Belgian Offshore Platform

Offshore wind farms in the Belgium North Sea had a record winter when it comes to electricity production.According to the Belgian Offshore Platform, during the Nov 2019 – March 2020 winter period, offshore wind farms in Belgium produced 60% more electricity compared to the 2019 winter. This winter the wind farms produced 3.2 TWh, compared to 2 TWh in 2019.Due to rapidly advancing technology and new wind farm installations, winter production will also increase next year and will continue to make an increasingly significant contribution towards peak winter consumption.

Simec: Tidal Power Hits Record at MeyGen

Image: Simec Atlantis Energy

The developer of renewable and sustainable energy projects, Simec Atlantis Energy, has hailed progress at its MeyGen project – announcing that its 2019 performance represents a record period of uninterrupted generation from a tidal turbine venture of its kind.The world’s largest operational tidal stream array  has now exported 24.7GWh of predictable renewable electricity to the national gridIn 2019 alone, MeyGen exported over 13.8GWh of predictable renewable electricity, equivalent to the…

EDF Begins Construction on 450 MW OWF

Photo: EDF EN

French utility EDF Group announced that its subsidiary EDF Renewables has launched the construction of the Scottish Neart na Gaoithe (NnG) offshore wind farm project along with the new partners, the Irish electricity company Electricity Supply Board (ESB), which is taking a 50% stake in the project.The 450MW Neart na Gaoithe will consist of 54 turbines and will be located in the North Sea approximately 15 kilometers off the coast of Fife in south-east Scotland.When fully operational, the NnG offshore wind farm will generate the equivalent electricity to power over 375…

Siemens Gamesa Launches First 10MW Offshore Turbine

Image: Siemens Gamesa

Spanish offshore industry player Siemens Gamesa Renewable Energy (SGRE) has unveiled a giant new 10+ MW wind turbine it claims will boost yields by 30 per cent, paving the way for a new generation of super-charged offshore wind farms.The turbine maker said in a press release that the new SG 10.0-193 DD is set to hit the market in 2022.Based on the experience of its previous generations, the newest wind turbine in the SGRE offshore product portfolio builds on proven technology for maximum energy yield at all wind speeds.

Vattenfall Okays 605MW Kriegers Flak offshore Wind Farm

Image: Vattenfall

Swedish state-owned power company Vattenfall has reached a final investment decision for the 605MW Kriegers Flak offshore wind farm in the Danish waters of the Baltic Sea.Vattenfall has made the final investment decisions for the offshore wind farm Kriegers Flak in Denmark. Further action for Vesterhav Syd & Nord is awaiting the result of the appeal process. The two projects amount to a total value of 1.7 billion euro (USD 1.95 bln)" said a statement from the Europe's generator of electricity and heat in Denmark…

Wind Beats Solar in Danish Green Energy Auction

© Jezper / Adobe Stock

Wind emerged as the most competitive power source in Denmark's first auction where wind and solar competed for state subsidies on equal footing to deliver power at the lowest price.Subsidies which have underpinned the growth of renewable energy are cooling as governments around the world opt for more competitive contract tenders, favoring project developers that submit the lowest bids.Denmark, which hopes to end green subsidies altogether before 2030, has adopted new rules under which wind…

Germany to Increase Wind and Solar Power Production

© Soonthorn / Adobe Stock

Germany intends to increase energy production from wind and solar farms by a further 8 gigawatts (GW) over the next three years as the government tries to compensate for its decision to abandon strict emissions targets.Chancellor Angela Merkel's conservatives and their Social Democrat (SPD) junior coalition partners this year dropped plans to lower carbon dioxide emissions by 40 percent from 1990 levels by 2020.The decision was based on expectations that Germany would miss its national emissions…

Renewables Could Reach 38% of German Power Use

© Rawf8 / Adobe Stock

Germany is on track to produce enough green power to cover nearly 38 percent of its electricity consumption this year, up from about 36 percent in 2017, energy industry group BDEW and research institute ZSW said on Friday.Their forecast was published with data putting the figure at 38 percent share for the first nine months of the year, helped by high wind and solar power generation."Should wind supply develop along the line of recent years' averages in the fourth quarter, then renewables could cover a share of just under 38 percent (of demand) in the full year," BDEW and ZSW said in a joint statement.The sh

DNV GL Completes Due Diligence of World’s Largest Offshore Wind Farm

Image: DNV GL

DNV GL has successfully completed a lenders’ technical due diligence on Ørsted’s Hornsea Project One, the world’s largest offshore wind farm with a total capacity of 1.2 GW.The project, which is currently under construction, consists of 174 7 MW Siemens Gamesa wind turbines and is located 100 km offshore, making it the furthest offshore wind farm in the UK. The exceptional distance is made possible by an innovative electrical transmission system using the world’s first offshore reactive power compensation mid-station…

Equinor Acquires Energy Trader Danske Commodities

CEO Henrik Lind (left), Danske Commodities, and Tor Martin Anfinnsen, senior vice president, Marketing & Supply in Equinor. (Photo: Thomas Priskorn / PRISKORN)

Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). "Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million, with smaller contingent payments depending on DC’s performance over the next couple of years," said a press release from the company. This acquisition – of one of Europe’s largest short-term electricity traders – supports Equinor’s development towards becoming a broad energy company.

Equinor Acquires Danske Commodities

CEO Henrik Lind (left), Danske Commodities, and Tor Martin Anfinnsen, senior vice president, Marketing & Supply in Equinor. (Photo: Thomas Priskorn / PRISKORN)

Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million, with smaller contingent payments depending on DC’s performance over the next couple of years. This acquisition – of one of Europe’s largest short-term electricity traders – supports Equinor’s development towards becoming a broad energy company. DC is also active in short-term gas trading and provides energy market services. DC was founded in 2004 and is based in Aarhus, Denmark, with 284 employees.

Algeria Seeks to Cut Energy Consumption After Oil Earnings Fall

Algeria is offering motorists incentives to more than double the number of cars running on natural gas by 2021 in an effort to reduce consumption of costly imported fuel amid strained public finances, officials said. The North African country has been struggling with a halving since 2014 of vital oil and gas revenues, which make up 60 percent of the budget and 95 percent of exports. It has banned imports of 900 items, frozen public hiring and development projects, but now wants to tackle energy spending as the country - a member of the oil producer group OPEC - needs to save more.

Denmark Sets Record with 43 pct of 2017 Power From Wind

A typical offshore wind farm (CREDIT: Siemens)

Denmark generated close to half of its electricity consumption from wind energy in 2017, setting a new world record as it aims to entirely phase out fossil fuels in its power sector, the country's energy and climate minister said on Thursday. "This will not be the last record we set," Lars Chr. Lilleholt told Reuters. He added that the goal is to cover the windy country's entire electricity consumption with renewable energy, although the timing depends on technological advances. The level of electricity consumption supplied by wind power has set records in the Nordic country nine out of the last 10 years…

New Task Force for California Offshore Renewables

The Bureau of Ocean Energy Management (BOEM) and the State of California held the inaugural meeting of the California Intergovernmental Renewable Energy Task Force today in Sacramento, Calif., to begin planning for future renewable wind and wave energy development opportunities in federal offshore waters along the Golden State. California is the 14th U.S. coastal state to form a renewable energy task force to provide critical information to the decision-making process, including how to resolve potential conflicts between development and environmental concerns and other uses.

Chinese Power Conglomerates dominate Brazil Industry

Chinese power conglomerates are gradually becoming the dominant force in Brazil's electricity industry, where high debt, a harsh recession and less stringent takeover barriers than in other major markets have stoked a wave of acquisitions. Since the start of 2015, Chinese companies have been the protagonists in three of the six largest announced electricity mergers in Brazil, according to Thomson Reuters deals intelligence data. The number is poised to grow significantly in the coming months as debt-laden targets speed up their sale for prices and conditions deemed as attractive by the Chinese.

Trelleborg Wins Floatover Installation Contract for BorWin3

Photo courtesy of Trelleborg

Trelleborg’s engineered products operation announces it has been awarded a contract by Petrofac for its first floatover installation of an offshore converter platform - BorWin3 wind farm project. The high voltage direct current (HVDC) converter station will sit nearly 130 kilometers off the German coast in the North Sea. Siemens will supply the HVDC transmission technology, while consortium partner, Petrofac will be responsible for the construction and installation of the platform. Vincent Tan…