Daily Energy News
Policy & Regulatory
India issues tender for 5 GW of solar power projects
2 Feb 2021The Indian Renewable Energy Development Agency has launched a tender, inviting state-owned power generation companies to develop 5 GW of grid-connected solar power projects under the third tranche of phase II of the Central Public Sector Undertaking (CPSU) scheme. The solar projects will be developed across India on a build, own, operate (BOO) basis, and can be rooftop, ground-mounted or floating. Their power generation will be used by government entities or sold to distribution companies for up to INR2.2/kWh (US$3c/kWh).
Read moreTurkey announces new renewable FIT under YEKDEM scheme
2 Feb 2021The Turkish energy regulator has announced new 10-year feed-in tariffs and 5-year domestic production incentives for renewable power projects commissioned between 1 July 2021 and 31 December 2025 under the new renewable energy support mechanism (YEKDEM). The feed-in tariff levels are determined in Turkish lira and will be subject to a quarterly escalation mechanism, based on the producer price index, consumer price index, US dollars purchase rates and euro purchase rates; FiTs in US dollars will be subject to a cap.
Read moreIndian auction for 4 coal mines receives mild interest with only one bid
1 Feb 2021The Ministry of Coal of India has received only one technical bid for the Kuraloi (A) North coal mine in Odisha, one of the four coal mines put up for re-auction after a first round of auction for commercial mining was cancelled due to a low interest. In December 2020, four coal mines with a peak-rated capacity of 52 Mt/year were offered in the re-auction, three in Odisha (Chendipada, Chendipada-II, and Kuraloi (A) North) and one in Jharkhand (Seregarha). The three other mines have received no bids.
Read moreThe US extends the wind energy production tax credit through 2021
1 Feb 2021The US Congress has extended the production tax credit (PTC) for wind power projects at 60% of the full credit amount (US$1.8c/kWh) for another year until the end of 2021, and qualifying wind projects will have to begin construction by 31 December 2021.
Read moreCompanies
BP and Equinor complete their US offshore wind partnership
2 Feb 2021BP and Equinor have completed the creation of their offshore wind partnership in the United States. As agreed in September 2020, Equinor has sold a 50% stake in the Empire Wind and Beacon Wind assets (up to 4.4 GW) in the US east coast to BP for US$1.1bn. Empire Wind is located southeast of Long Island and is being developed in two phases with a potential total installed capacity of more than 2 GW. Beacon Wind is located east of Montauk Point and south of Nantucket and has the potential to be developed with a total capacity of more than 2.4 GW.
Read moreEnergy & Climate Markets
Brasil electricity consumption declined by 1.5% in 2020
2 Feb 2021According to the Brazilian Electric Energy Trading Chamber (CCEE), electricity consumption in Brazil declined by 1.5% in 2020 due to the impact of the coronavirus pandemic. In the first half of 2020, monthly electricity consumption was much lower than in 2019 but it recovered in the second half, exceeding 2019 levels. Consumption in industry was slightly above 2019 levels (+2.6% in the metal production sector, +4.5% in non-metallic minerals, +1% for chemicals, +8.2% for food production), whereas it was 4.2% lower in the service sector.
Read moreForecasts
Chile expects to commission over 6 GW of new capacity in 2021
2 Feb 2021According to the Ministry of Energy of Chile, 94 power projects with a combined capacity of 6,016 MW are expected to be connected to the National Electric System in 2021, for a total investment of over US$10,450m. More than 80% of the new capacity will be renewable: half of the new capacity will come from solar PV projects (3,092 MW), followed by wind projects (1,813 MW).
Read moreInfrastructure & Investments
IOC plans a 9 Mt/year refinery in Tamil Nadu (India)
2 Feb 2021Indian Oil Corp (IOC) plans to build a 180,000 bbl/d (9 Mt/year) refinery worth INR 315bn (US$4.3bn) in Nagapattinam, in Tamil Nadu (southern India). The refinery project would be developed by a joint venture of IOC (25%), Chennai Petroleum Corp. Ltd. (CPCL, 25%) and strategic and financial investors (50%) on land owned by CPCL. IOC bets on increased economic activity and on the rollout of the COVID-19 vaccine that are expected to raise fuel demand. Its refineries are currently operating at full capacity.
Read moreNorthland Power buys a 49% stake in 1.2 GW Polish offshore wind project
2 Feb 2021The Polish energy group PKN Orlen has entered into an agreement with the Canadian renewable project developer Northland Power to sell Northland Power a 49% stake in its Baltic Power offshore wind project in the Baltic Sea (Poland). The project, which will have an installed capacity of up to 1,200 MW, has secured its location permit, filed its environmental permit and signed its grid connection agreement. Construction should start in 2023 and commercial operations are planned in 2026. It is expected to secure a 25-year Contract for Difference (CfD) offtake agreement.
Read more
No Comment