Daily Energy News
Policy & Regulatory
New Jersey (US) plans 2.4 GW offshore wind bidding round
24 Jul 2020The New Jersey Board of Public Utilities (NJBPU, United States) has issued a draft solicitation guidance for its second offshore wind power solicitation and doubled the capacity to be offered from 1,200 MW to 2,400 MW. A 1,100 MW offshore wind project was already awarded to Ocean Wind (the joint venture of Ørsted and PSEG) in June 2019 (commissioning expected in 2024). Organising a bidding round of 2,400 MW would help New Jersey reach faster its target to develop 7.5 GW of offshore wind power by 2035, as confirmed in the state’s draft Offshore Wind Strategic Plan.
Read moreUkraine adopts law on renewable feed-in tariff reduction
23 Jul 2020The Ukrainian parliament has voted a law on feed-in tariff (FiTs) reductions for renewable power generation. FiTs will be cut by 15% for solar parks and by 7.5% for wind parks commissioned between 2015 and 2019 and by 2.5% for both types of projects commissioned as of 1 January 2020. Once the law signed by the President, the FiT cut will be effective as of 1 July 2020.
Read moreNew York (US) issues solicitations for 4 GW of renewable power
23 Jul 2020The US State of New York has announced two large solicitations for 4,000 MW of renewable power capacity, including 2,500 MW of offshore wind projects and 1,500 MW of onshore renewable projects for the New York State Energy Research and Development Authority (NYSERDA) and the New York Power Authority (NYPA).
Read moreCompanies
Latvia takes over Gazprom’s stake in national gas transmission operator
24 Jul 2020The state of Latvia, through the state-owned power transmission system operator (TSO) Augstsprieguma Tikls (AST), has completed the acquisition of the 34.1% stake held by Gazprom in the Latvian gas TSO Conexus Baltic Grid. AST thus raises its interest in Conexus from 34.36% to 68.46%, while the MM Infrastructure Investment Europe fund (Marguerite Fund) holds 29.06% and other shareholders 2.48%. The Marguerite Fund is considering divesting its stake in the company to Marubeni (Japan).
Read moreBrazilian government plans new company to help privatize Eletrobras
24 Jul 2020The Brazilian government is considering creating a new state-owned company to take over Eletrobras’s stake in the Angra nuclear power plant and in the Itaipu binational hydropower plant, paving the way for a privatisation of the 51%-owned power utility. The Ministry of Mines and Energy aims to direct BRL4bn (US$780m) from the 2021 budget for the new company.
Read moreInfrastructure & Investments
CIP plans 3.5 GW offshore wind project in Vietnam
24 Jul 2020Copenhagen Infrastructure Partners (CIP) has signed a Memorandum of Understanding (MOU) with the Binh Thuan People’s Committee to develop the 3.5 GW La Gan offshore wind project off the coast of Binh Thuan in Vietnam. The US$10bn project would be led by Asiapetro, Novasia, and CI New Markets Fund I, a fund created to target fast growing major new economies such as Vietnam. It will have to be included in the Power Development Plan of Vietnam before a final investment decision (FID) is made.
Read moreEIB approves financing for 826 MW CCGT power project in Greece
24 Jul 2020The European Investment Bank (EIB) has approved a €125m loan to the Greek industrial group Mytilineos for the construction of the 826 MW Agios Nikolaos CCGT power plant in Viotia (Greece).
Read moreKakrapar-3 nuclear reactor achieves first criticality (India)
24 Jul 2020Nuclear Power Corporation of India Ltd (NPCIL) has announced that the third unit of the Kakrapar nuclear power plant in Gujarat (India) has reached first criticality. The company had loaded fuel into the 700 MW Indian-designed pressurised heavy water reactor (PHWR) in March 2020 and the new unit is expected to be connected to the grid after further tests.
Read more800 MW solar power project in Qatar reaches financial close
24 Jul 2020The 800 MW Siraj-1 solar PV project in Al Kharsaah (Qatar) has reached financial close after securing senior loans from the Japanese banks Japan Bank for International Cooperation (JBIC) and Mizuho Corporate Bank. The QAR 1.7bn (US$465m) project will be built and operated by the Siraj-1 Company, a joint venture of Siraj Energy (a joint venture of Qatar General Electricity and Water Corporation (Kahramaa) and Qatar Petroleum) with 60% and a consortium of Marubeni Corporation and Total (40%) that won a tender for the project in January 2020.
Read moreGaz-System opens non-binding open-season for FSRU project in Poland
24 Jul 2020The Polish gas transmission system operator (TSO) Gaz-System has GAZ-SYSTEM has launched a non-binding market screening for new gas transmission capacities and for new regasification capacities.
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