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Producción y mercados energéticos 01/03/19

Latest Energy News

01 March 2019

TOP STORY: Rhode Island (US) clears 800 MW Vineyard Wind offshore project The Rhode Island Coastal Resources Management Council has approved the 800 MW Vineyard Wind offshore wind project, which will be located 15 miles (24 km) to the south of Martha’s Vineyard and approximately 34 miles (55 km) to the Cape Cod mainland in the United States. The US$2bn project was endorsed in spite of local opposition from commercial fishermen, who estimate that their livelihood would be threatened.. This decision represents a milestone for the project but it still requires approval from the Massachusetts regulator to be able to move forward. The wind park is set to break ground later in 2019. The first 400 MW are expected to be operational by the end of 2021 and the remainder by 2022. It will be developed by Iberdrola’s subsidiary Avangrid Renewables (50%) and the investment fund Copenhagen Infrastructure Partners (50%).

Companies Vattenfall bids for 750 MW in Hollandse Kust Zuid wind area (Netherlands) Swedish power company Vattenfall has decided to participate in the 750 MW offshore wind tender for Hollandse Kust Zuid 3 and 4, in the Dutch part of the North Sea. The bid will be submitted by 14 March 2019. Read more Engie (France) plans to sell €6bn of assets over the next 3 years French energy group Engie has announced its 2018 results. The group generated 420 TWh in 2018 (at 100%, 221 TWh considering Engie’s net ownership), 63% of which from gas, 17% from hydro, 7% each from nuclear and coal and 3% from wind. 70% of its power generation was located outside Europe: 41% in the Middle East, Turkey and Africa, 16% in Latin America, 8% in Asia and 4% in North America. Read more Energy Markets Petrochina and Shell team up for US$7bn Australian coal seam gas project Arrow Energy, the 50-50 joint venture (JV) of Shell and Petrochina, has been granted 14 leases for the AUD10bn (approximately US$7.1bn) Surat coal seam gas (CGS) project in Queensland (Australia). Read more Infrastructure & Investments Northland Power signs PPA for 300 MW Hai Long 2A offshore wind park (Taiwan) Canadian independent power producer Northland Power has signed a 10-year power purchase agreements (PPA) with the Taiwanese state-run power utility Taipower for the 300 MW Hai Long 2A offshore wind park project. The company opted for a tiered tariff of TWD6,279/MWh (US$204/MWh) for the first 10 years and a TWD4,142/MWh (US$134/MWh) for the remaining 10 years. Read more BP and Golar LNG sign deal for Gimi FLNG project (Mauritania, Senegal) Global energy company BP has signed a 20-year lease and operating agreement (LoA) with the LNG shipping company Golar LNG for the charter of a 2.5 Mt/year (3.4 bcm/year) floating LNG (FLNG) vessel to service the first phase of the Greater Tortue Ahmeyim project located offshore Mauritania and Senegal. The US$1.3bn unit will be referred to as Gimi LNG and will come onstream in 2022. Read more OMVS and SinoHydro sign deal on 294 MW Koukoutamba hydro project (Guinea) The intergovernmental development organisation OMVS (Organisation pour la mise en valeur du fleuve Sénégal) and Chinese state-owned hydropower engineering and construction company Sinohydro have signed a commercial contract regarding the construction of the 294 MW Koukoutamba hydropower plant, which is set to be built on the Bafing river, an affluent of the Senegal river,… Read more Hokkaido Electric’s Ishikariwan Shinko-1 CCGT comes onstream (Japan) Japanese company Toshiba Energy Systems has commissioned the first unit of the Ishikariwan Shinko CCGT power project in Otaru (Hokkaido, Japan). Adjacent to the Ishikari LNG import terminal, it has an installed capacity of 569 MW. Toshiba provided a steam turbine and the generator, while General Electric (GE) supplied the 9HA gas turbine. Read more