Monday, December 23, 2024

Energy Project News

Romania allocates 1.5 GW of renewable energy projects

The Energy Ministry announced in a Monday statement that Romania had allocated 1.5 gigawatts of renewable energy project funding through an EU-funded contract for difference scheme. The long-awaited low carbon energy support scheme fixes the price of electricity to providers at a level agreed for 15 years. The Ministry…

Britain announces plan to encourage the development of clean energy projects

The UK launched on Friday a plan that will make it easier for developers and investors to build clean energy project, which they hope will help them meet their climate targets as well as create jobs. The UK has set a goal to decarbonise the power sector largely by 2030. This will reduce its dependence on gas-fired plants and increase its renewable energy capacity rapidly.

South Asia's solar power push is facing a land battle

Food and jobs are at risk when cropland and pastures are taken away. By BhaskerTripathi and Md. Modhera’s 6 megawatts (MW) of solar power and battery storage system were built in 2022, despite the opposition of local farmers who had filed a lawsuit in the highest court for the state in 2020 to stop its construction.

HydroWing Technololgy Works, says Dadd

Image courtesy Inyanga Marine Energy Group

Inyanga Marine Energy Group completed hydrodynamic testing of its Passive Pitch Unit for its patented HydroWing technology, which was recently awarded the largest tidal energy project in the UK in Allocation Round 6 of the UK government’s Contracts for Difference scheme and the company is now on course for deploying a 20MW tidal energy project at Morlais in Wales…

Scatec secures power sale deal for Egypt's hybrid solar and battery project

Scatec, a Norwegian renewable energy developer, announced on Thursday that it had signed a power purchase agreement with Egyptian Electricity Transmission Company for 25 years. The project is Egypt's first hybrid power system combining solar and battery storage. Scatec announced that it had signed a 25-year PPA in U.S.

European and Southern African Development Banks to lend an extra $220 million to clean energy projects

The European Investment Bank and Development Bank of Southern Africa announced on Wednesday that, together, they will lend an additional 200 millions euros ($220.16million) to renewable energy project in South Africa. The EIB and DBSA have pledged 400 million euros at the COP27 Climate Summit in 2022 for independent power projects to be supported in Africa's most developed economy.

Alight and Swedish forest owner will partner up on 2 GW of solar

The firms announced on Monday that solar developer Alight has partnered with Sweden's largest forest owner Sveaskog in order to develop solar energy project totaling 2 gigawatts over a five-year period. Erik Brandsma said that investing in solar energy on Sveaskog's land was a natural move for the company as it is a large landowner.

Hunter Biden contacted US ambassador in 2016 over Burisma deal, NYT reports

Hunter Biden contacted the U.S. Ambassador to Italy in 2016 while his father Joe Biden was Vice President, to discuss a geothermal energy project with the Ukrainian company Burisma where Hunter Biden served as a board member, according to an article by the New York Times, which cited records obtained by the newspaper.

Philippines fishermen fear solar farm on lake could hurt their income

Alcones, a member of a group that opposes the government's plans to install solar panels on top of Laguna de Bay, the largest source of freshwater fish in the country, to meet the growing demand for electricity, is opposed to this plan. "Laguna Lake provides income and life to fishermen who have not finished school, like us.

Subsea Cable Installed on HiWave-5 Wave Energy Project

Image courtesy CorPower

CorPower Ocean and Maersk Supply Service report the successful install of a 6.2km subsea export cable off the coast of northern Portugal to energise the flagship HiWave-5 Project.The 100-tonne cable was installed using the Maersk Achiever vessel and will provide power and data connection from an on-land substation…

BP Beefs Up Hydrogen Team in Bet on Fuel's Future

© dvoevnore / Adobe Stock

BP is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head of RWE Renewables…

Wave Energy Developer Plots Strong Growth Plan in '22, IPO in '23

INGINE Business Development Director Dae Hyun Kim. Photo courtesy INGIE

South Korean wave energy developer INGINE revealed ambitious growth plans for 2022,its10th anniversary.Today the company is approaching a landmark fifth year of wave energy operation in North East Asia, via the Jeju Bukchon Wave Power Plant built in 2015. Additional international projects will see expansion across…

Nova VOLT gets $2.8m injection from Scottish government

Photo courtesy Nova Innovation

Nova Innovation was awarded a $2.8m cash injection from the Scottish Government to advance its tidal turbine manufacturing to a global level.The funding, delivered through Scottish Enterprise, is directed at Nova’s VOLT (VOlume Manufacturing and Logistics for Tidal Energy) project that aims to develop the first European assembly line to mass manufacture tidal turbines…

Renewable Energy: Wave Power Projects Takes a Big Step

Jaffa Port floaters illustration. Image: ECO Wave Power

Eco Wave Power has secured the engineering coordination permit from the Municipality of Tel-Aviv Jaffa (permit number 2020-3249) needed for the cement works and installation of 10floaters for the EWP-EDF One wave energy project in the Port of Jaffa, Israel.This permit allows Eco Wave Power to proceed with the actual installation of the project in the seaside of the breakwater…

Eco Wave Power Commences Grid Connection Works in Israel

Photo: Eco Wave Power

While wave power is still in its infancy relative to offshore wind in the renewable power space, several companies are making step changes that are geared to lead this power source to utlity scale. One Swedish company making the move is Eco Wave Power, which pursuant to the engineering coordination permit from the…

CorPower Moves Foward with its Plan to Generate Energy from Waves

CorPower Ocean Portugal Country Manager Miguel Silva

CorPower Ocean is set to move forward fast on its wave energy project in the Atlantic Ocean after securing a 10-year license in PortugalThe TUPEM license - awarded by the national Directorate-General for Natural Resources (DGRM) - provides a ‘Permit for the Private Use of the Maritime Space’ up to 12 miles off the…

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

© Nord Stream 2 / Axel Schmidt

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany, Die Zeit reported on Wednesday.The weekly paper said Finance Minister Olaf Scholz made the proposal in an Aug.

Silva Tapped to Lead Corpower Ocean Portuguese Ops

Corpower Ocean Portugal Managing Director Miguel Silva.

CorPower Ocean, designer of wave energy systems, appointed Miguel Silva as head of its Portuguese operation.The news comes shortly after CorPower revealed plans for a new $18.1m R&D, Manufacturing and Service Center in Viana do Castelo, Portugal, becoming a focus for the firm’s pioneering HiWave-5 Project with a…

Faroe Islands: Minesto Installs Foundation for Tidal Kite System

Illustration; Minesto

Tidal energy developer Minesto has completed the first offshore installation phase of its tidal energy project in the Faroe Islands, as the gravity-based foundation for the powerplant has been installed at the site in Vestmannasund.David Collier, COO at Minesto said: “We are very pleased to have the first sub-sea hardware in place.

Hutchinson to Provide Platforms for Hornsea 2

Offshore wind specialists, EEW Group has contracted has contracted UK outfit Hutchinson Engineering for the fabrication and on-site assembly of 30 suspended internal platforms (SIPs)  for Orsted's 1386MW Hornsea 2 offshore wind farm off eastern England.The SIPs are highly complex steel components, each weighing 10 tonnes and towering 12m high…