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Producción y mercados energéticos 19/03/19

Latest Energy News

19 March 2019

TOP STORY: Ørsted joins race for Hollandse Kust Zuid wind project (Netherlands) Danish power group Ørsted will submit a bid for the construction and operation of the Hollandse Kust Zuid 3 and 4 offshore wind projects, in the Dutch part of the North Sea. Ørsted thus joins the race for developing the project (two zones offering a capacity of at least 350 MW each), after Vattenfall’s announcement and Shell’s decision to team up with the Dutch energy company Eneco and the offshore wind project developer Van Oord. Ørsted is already involved in the Dutch offshore wind market. In 2016, the group won the tender for the development of the 752 MW Borssele 1&2 project,which will be the largest offshore wind park in the Netherlands when completed in late 2020 or early 2021. The group has already made a final investment decision (FID) on Hollandse Kust Zuid 3 and 4 and secured the funding, to ensure the Dutch government that the project will be built if Ørsted wins the tender. The group also plans to build green hydrogen production plants, as part of its bid for Hollandse Kust Zuid 3 and 4; the sale of hydrogen to large industrial customers could help stabilise revenues from offshore wind parks, which rely on market prices. Tender competitor Vattenfall is already involved in the development of the 700 MW Hollandse Kust Zuid 1 and 2 contiguous projects and intends to increase its presence in the Dutch offshore wind sector. The company hopes to achieve economies of scale if all the projects are combined, which would thus bring significant benefits in terms of cost reductions.

Companies Greece’s PPC receives six EoIs for its coal-fired plants tender Greek state-owned power utility Public Power Corporation (PPC) has received six expressions of interest (EoIs) for the sale of three coal-fired power plants that it is selling under a post-bailout agreement with its international lenders. The EoIs came namely from: Beijing Guohua and Damco Energy, China Western Power Industrial, Sev.En Energy and Indoverse Coal Investments, Gek Terna,… Read more Energy Markets Iran inaugurates phases 13 and 22-24 of South Pars gas field Iran has officially inaugurated four new phases of the South Pars offshore gas field, i.e. phases 13, 22, 23 and 24. A total of US$11bn were invested in the four mega projects, which will add 56 mcm/d of gas, 75,000 bbl/d of gas condensate and 400 t/d of sulfur and will enable to produce 1 Mt/year of ethane and 1 Mt/year of propane and butane. Read more Restarting the Lungmen nuclear plant project would cost Taiwan US$2.2bn According to the Taiwan Atomic Energy Council (AEC), reviving the cancelled Lungmen nuclear plant project at New Taipei’s Gongliao District in Taiwan would cost an estimated TWD60-70bn (approximately US$1.95-2.27bn) and would take at least 10 years to complete. The construction of two 1,300 MW reactors at the Lungmen power plant started in 1999 but the project has been beset by political,… Read more Infrastructure & Investments US FERC grants final environmental approval for 4 Mt/year Texas LNG project The United States Federal Energy Regulatory Commission (FERC) has issued the Final Environmental Impact Statement (FEIS) for the 4 Mt/year Texas LNG export project, that will be located in the Port of Brownsville in South Texas (United States). The FEIS is an important step towards FERC’s approval which is expected to be issued in June 2019. Read more Argentina approves 200 MW extension of 300 MW Cauchari solar project The government of Argentina has decided to support the 200 MW extension of the 300 MW Cauchari solar PV project in the province of Jujuy. The project is developed by Jujuy Energía Minería Sociedad del Estado (JEMSE) and will be built by a consortium of Chinese companies Shanghai Electric and Power China, which are responsible for the first phase of the project as well. Read more ACWA Power wins US$400m bid to build 500 MW solar plant in Oman A consortium comprising Saudi Arabia’s ACWA Power and Kuwait’s Gulf Investment Corporation and Alternative Energy Projects Company has won a US$400m bid to build the 500 MW Ibri-2 solar project for the Omanese state-held power utility OPWP (Oman Power and Water Procurement Company). The project will be developed under the independent power project (IPP) model and will be located in Ibri,… Read more