Daily Energy News
Policy & Regulatory
Russia plans to tender 500 MW of solar capacity in June 2021
8 Feb 2021
The Russian government intends to tender 500 MW of solar capacity in 2021. The auction, which is managed by the trading system administrator JSC ATS, is likely to take place in June 2021. The authorities are planning to endorse a new program to deploy a total of 7 GW of solar and wind capacity by 2035.
Solar accounts for less than 1% of Russia’s installed capacity, with 1 GW (2019). Currently, around 300 MW of solar projects are in various phases of development.
Denmark approves a 3 GW offshore wind hub in the North Sea
5 Feb 2021
The Danish coalition government has approved the creation of a 3 GW offshore wind energy island located 80 km from the shore of Jutland. It could be expanded to a capacity of 10 GW at a later stage, for a total investment of DKK 210bn (€28bn). The project will be developed under a public-private partnership between the Danish state, which will own the majority of the island, and private companies. The country intends to build another offshore wind hub on the Danish Baltic island of Bornholm.
Andhra Pradesh’s tender for 6.4 GW of solar was oversubscribed (India)
5 Feb 2021
Andhra Pradesh (south-eastern India) has received bids for a total capacity of 14.9 GW for its tender for 6.4 GW of grid-connected solar projects. The state-government granted 300 MW to Torrent Power, which quoted the lowest tariff of INR2.47/kWh (US$3.4c/kWh), 3 GW to Adani Green across five locations (600 MW each), 2.2 GW to Shirdi Sai Electricals, 600 MW to NTPC and 300 MW to HES Infra.
Companies
Enel’s global power generation declined by 10% in 2020
8 Feb 2021
Enel has released its 2020 preliminary results, posting a 19% fall in revenues to €65bn and a stable EBITDA at €17.9bn. The company produced a total of 207 TWh of electricity (-9.6%), including 42.5 TWh in Italy (-9.4%) and 165 TWh in the rest of the world (-9.7%). It distributed 485 TWh on its networks (-4.5%), including 214 TWh in Italy (-6.2%) and 271 TWh overseas (-3.1%), and sold 298 TWh (-7.4%), including 90 TWh in Italy (-7.5%) and 208 TWh overseas (-7.3%).
Total acquires a portfolio of 2.2 GW of solar projects in Texas (US)
8 Feb 2021
Total has acquired a development pipeline of 2.2 GW of solar projects and 600 MW of battery storage assets in Texas (United States) from SunChase Power and MAP RE/ES. The portfolio includes four large-scale solar projects, each with co-located battery energy storage systems (BESS), in industrial areas near Houston. The first two solar projects should enter construction in 2021. All projects will be commissioned between 2023 and 2024.
Iberdrola buys stake in 3 Irish offshore wind plants totalling 3 GW
8 Feb 2021
The Spanish energy group Iberdrola has agreed to acquire a majority stake in three DP Energy’s projects on the east, west and south coasts of Ireland, which totals 3 GW. The projects included in the transaction are the Inis Ealga wind plant (1 GW) on the south coast of County Cork and the Clarus project on the west coast of Co Clare, both to be developed with floating offshore wind technology. The Shelmalere project will be located off the east coast and will be developed using fixed foundations. The projects will be eligible for the forthcoming offshore auctions in 2025-2030.
Shell’s gas production declined by 12% in 2020
8 Feb 2021
Shell has released its 2020 preliminary results, posting adjusted earning of €4.8bn (-71%) and a US$21,680m loss attributable to shareholders (compared with a US$15,842m income in 2019). The group produced 1,803 kb/d of oil (-3.9%) and 95 bcm of natural gas (-12%), including 12 bcm in Europe (-24%). Shell liquefied 33 Mt (-6.5%) and sold 70 Mt (-6.4%) of LNG. Oil products sales declined by 28% to 4,710 kb/d.
Infrastructure & Investments
<h3><a href="https://www.enerdata.net/publications/daily-energy-news/south-korea-aims-develop-82-gw-offshore-wind-project-sinan.html">South Korea aims to develop an 8.2 GW offshore wind project off Sinan</a></h3>
<span>8 Feb 2021</span>
<p>The South Korean authorities have released a KRW48,500bn (US$43.2bn) plan to build an 8.2 GW offshore wind project in the southwestern coastal town of Sinan. The <a href="https://www.enerdata.net/research/power-plant-database.html" title="Power Plant Database" target="_blank">power plant</a> will be built by a consortium of utility and engineering companies comprising Korea Electric Power Corp. (KEPCO), SK E&S, Hanwha Engineering & Construction, Doosan Heavy Industries & Construction, CS Wind, and Samkang M&T.</p>
<a href="https://www.enerdata.net/publications/daily-energy-news/south-korea-aims-develop-82-gw-offshore-wind-project-sinan.html">Read more</a>
<h3><a href="https://www.enerdata.net/publications/daily-energy-news/turkey-commissions-new-500-mw-hydropower-plant.html">Turkey commissions a new 500 MW hydropower plant</a></h3>
<span>8 Feb 2021</span>
<p>GE Renewable Energy has completed the 500 MW Lower Kaleköy hydropower plant on the Murat River in the Genç district of Bingöl province, in eastern Turkey and connected the last turbine to the Turkish grid, enabling the <a href="https://www.enerdata.net/research/power-plant-database.html" title="Power Plant Database" target="_blank">power plant</a> to go into full commercial operation. The hydropower is owned and operated by a 50-50 joint venture between Turkish construction companies Cengiz Construction and Özaltın Construction.</p>
<a href="https://www.enerdata.net/publications/daily-energy-news/turkey-commissions-new-500-mw-hydropower-plant.html">Read more</a>
<h3><a href="https://www.enerdata.net/publications/daily-energy-news/belgium-and-denmark-agree-build-14-gw-power-interconnection-project.html">Belgium and Denmark agree to build a 1.4 GW power interconnection project</a></h3>
<span>8 Feb 2021</span>
<p>Belgium and Denmark have signed a Memorandum of Understanding to build a 600 km offshore power transmission project between the two countries. A submarine cable, which is expected to have a capacity of 1.4 GW, will link the Danish offshore wind parks to the Belgian coast by 2030. The project is likely to cost up to €600m. The Belgian and Danish power transmission system operators Elia and Energinet will start jointly study the technical side of the project and will launch a feasibility study.</p>
<a href="https://www.enerdata.net/publications/daily-energy-news/belgium-and-denmark-agree-build-14-gw-power-interconnection-project.html">Read more</a>
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