Daily Energy News
Policy & Regulatory
New Jersey (US) launches new 2.4 GW offshore wind tender
14 Sep 2020The state-government of New Jersey (United States), through the New Jersey Board of Public Utilities, has launched a second offshore wind tender to award between 1.2 and 2.4 GW of offshore wind capacity. The application period started on 10 September 2020 and is scheduled to end on 10 December 2020. 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).
Read moreEuropean MPs proposes to cut GHG emissions by 60% in 2030 compared to 1990 (EU)
14 Sep 2020The Committee on Environment, Public Health and Food Safety of the European Parliament has approved a proposal to make climate neutrality mandatory by 2050 in both EU and member states. In addition, the Committee recommends reducing greenhouse gas (GHG) emissions by 60% in 2030 compared to 1990, instead of “at least 50% towards 55%”, as the European Commission proposed, and requires an interim target for 2040 to ensure the EU is on track to reach its 2050 target. According to the Committee, EU member states should be climate neutral individually by 2050 and climate negative after 2050.
Read moreTwo French state-owned banks unveil a €40bn climate plan for 2020-24
14 Sep 2020Two French state-owned financial institutions, Bpifrance (French Public Investment Bank) and Banque des Territoires (“Bank of Territories”), which are affiliated to the Caisse des Dépôts group, have launched a €40bn climate plan for 2020-2024, which intends to accelerate the energy transition and support the development of renewables.
Read moreFrance will invest €7.2bn by 2030 to support hydrogen production
11 Sep 2020As part of a €100bn economic stimulus package, the French government has unveiled a €7.2bn hydrogen production support scheme over the 2020-2030 period, which intends to make the country a world leader in hydrogen production. The plan, which seeks to help companies move from the R&D and demonstrator stage to the industrial stage, has two main pillars: the development of a profitable green hydrogen production, and the democratisation of its use, especially for heavy-duty vehicles.
Read moreGreece will unlock €5bn in compensation for phasing out lignite by 2028
11 Sep 2020The Greek government plans to spend €5bn in compensation for phasing out lignite by 2028. The funds, which will come from the national budget, the Juncker Plan and the European Investment Bank, will finance 16 large investments in Western Macedonia and Megalopolis (Peloponnese). Among the projects, Greece’s state-owned power utility PPC will develop 2.8 GW of solar projects (2.3 GW in Western Macedonia and 500 MW in Megalopolis).
Read moreCompanies
Stakraft buys 5 solar projects under development in Ireland (275 MW)
14 Sep 2020The UK-based solar developer Lightsource bp (43% owned by BP) has sold five solar power projects in Ireland at late stage development with a combined capacity of 275 MWdc to the Norwegian state-owned power company Statkraft. The projects are located in counties Meath, Laois, Tipperary and Cork and have been developed by Lightsource bp with full planning permission and grid connectivity. The Blundelstown project in Meath was selected in Ireland’s first competitive auction under the Government’s new Renewable Electricity Support Scheme (RESS-1) in August 2020.
Read moreIberdrola ends talks with Enea to develop 3.3 GW of offshore wind capacity in Poland
14 Sep 2020The Spanish energy group Iberdrola has ended talks with the Polish energy group Enea to jointly develop offshore wind projects in the Polish Baltic Sea. The two companies signed a letter of intent (LoI) in June 2020 to jointly develop up to 3.3 GW of offshore wind capacity. The LoI is no longer valid but the two companies remain open for future cooperation.
Read moreJapan’s Orix buys 20% of Indian renewables company Greenko for US$980m
14 Sep 2020The Japanese financial corporation Orix has agreed to buy a 20% stake in the Indian renewables company Greenko for US$980m. The India renewable company, created in 2013, is currently owned by Singapore’s Government Investment Company (65.8%) and the Abu Dhabi Investment Authority (16.5%). It has a total capacity of 4.4 GW, with 8 GW under construction and in development, and it recently acquired 1.2 GW of hydro assets. As part of the deal, Orix will transfer its wind power generation business in India, with a total capacity of 873 MW, to Greenko, in exchange for Greenko’s new shares.
Read moreInfrastructure & Investments
Doosan and KNOC join forces on 6 GW floating wind project (South Korea)
14 Sep 2020Doosan Heavy Industries & Construction has entered into a partnership with Korea National Oil Corporation (KNOC) to develop the Donghae 1 floating offshore wind project, which will be part of a 6 GW complex off Ulsan and south-east region of South Korea. Construction is expected to start in phases from 2023. Doosan Heavy Industries & Construction is planning to manufacture floating offshore wind turbine generators for the projects, and will collaborate with KNOC on business plans and licensing matters.
Read moreUS DFC approves funding for a 420 MW gas-fired power plant in Mozambique
14 Sep 2020The US International Development Finance Corporation (DFC) has approved a U$200m loan to Central Térmica de Temane to finance the development, construction, and operation of a 420 MW gas-to-power project and 25-km interconnection line in Mozambique. The gas-fired power plant is developed by a consortium of state-owned electric utility Electricidade de Moçambique (EDM), Globeleq, eleQtra and Sasol.
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