Renewable Eng. Share Discussion Threads

[grupo guitarlumber] 23/3/2022 09:00

BP PLC said Wednesday that it is partnering with Marubeni Corp. in an offshore-wind pact in Japan, and that it will buy a 49% stake in the proposed project.

The energy major said it has formed a strategic partnership with the Japanese trading and investment conglomerate for offshore wind and potentially other decarbonization projects, including hydrogen.

The agreement is subject to merger controls, though BP expects completion to follow swiftly after approval, it said.

BP said that the companies view the partnership as a first step toward building a market-leading offshore-wind position in Japan, and that BP will establish a local offshore-wind development team in Tokyo.

Japan aims for carbon neutrality by 2050 and is targeting the deployment of 10 gigawatts of offshore wind capacity by 2030, and 30 to 45 gigawatts by 2040.

Shares in BP at 0817 GMT were up 7.3 pence, or 2%, at 378.6 pence.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

March 23, 2022 04:38 ET (08:38 GMT)

[waldron] 23/3/2022 06:12

Centrica : 22 Mar 2022 Centrica acquires battery storage project that could ‘unlock wind energy potential in North Sea' Company
03/22/2022 | 09:30am GMT

22 March 2022 Centrica acquires battery storage project that could 'unlock wind energy potential in North Sea'

Centrica Business Solutions has secured the development rights for a fully consented 30MW 2hr battery storage plant in Aberdeenshire that will help maximise the use of renewable energy in the Scottish North Sea.

The site in Dyce, near Aberdeen is located near a connection for North Sea offshore wind farms and will contribute towards managing network constraints - by storing electricity when it is abundant for times when it is not, helping improve the energy independence of the UK and reduce our reliance on fossil fuels.

Last year, the National Grid paid £244million to wind farm operators to shut down turbines, as they risked overloading the network, a process known as curtailment. Battery storage is one method of helping to utilise that wasted energy resource, ensuring fewer green electrons are curtailed.

Once built, the 30MW 2hr Dyce battery storage plant will store enough energy to power 70,000 homes for an hour1. This discharge happens up to four hours per day.

"Improving the energy independence of the UK is essential to help manage energy costs and move away from fossil fuels."

Greg McKenna, Centrica Business Solutions Managing Director

The project was developed by Cragside Energy Limited, backed by Omni Partners LLP, and obtained planning consent in November 2021. The go-live date for the project is mid-2024, construction should last eight months and will be aligned with the grid connection date.

"Battery storage can play a strategic role in helping to transition away from fossil fuels, by smoothing out the peaks and troughs associated with renewable energy generation," said Bill Rees, Director of Centrica Energy Assets. "We should treat renewable energy like a precious resource and projects like this can help to maximise its efficacy."

Centrica Energy Assets will work with Cragside Energy to identify new opportunities in the energy storage space. Cragside Energy's growing pipeline exceeds 200MW, and focuses on low carbon and flexible assets, including energy storage, solar and peaking plant schemes.

"Targeted investment into a complementary mix of technology and infrastructure is crucial if the UK is to fully harness its renewable energy potential"

Ben Coulston, Director of Cragside Energy

"Targeted investment into a complementary mix of technology and infrastructure is crucial if the UK is to fully harness its renewable energy potential," said Ben Coulston, Director of Cragside Energy. "Battery storage, such as the project in Dyce, will contribute to the upkeep of a stable and resilient network and we have enjoyed partnering with Centrica as the project transitions into the next phase".

Centrica Business Solutions Managing Director Greg McKenna, said, "Improving the energy independence of the UK is essential to help manage energy costs and move away from fossil fuels. The Government has set a target of a green electricity grid by 2035 - that's only achievable if we build out the level of flexibility in the system, to help manage supply and demand."

The project forms part of Centrica Energy Assets' plan to deliver 900MW of solar and battery storage assets by 2026. Centrica already owns and operates the 49MW fast response battery at Roosecote, Cumbria.

[waldron] 08/3/2022 00:12

French oil major TotalEnergies sees promising future in battery business, CEO says
Company aims to be among world's top five producers of electricity from wind and solar energy

Mona Al Marzooqi / The National
The National
Alkesh Sharma

Mar 08, 2022

TotalEnergies, which launched the largest battery-based energy storage site in France in December, aims to create a profitable stream of business from its batteries operations, the company’s chief executive said on Monday.

Batteries are a “new fuel” for electric vehicles, Patrick Pouyanne, who is also the chairman of the company’s board, said during a talk on energy transition at CeraWeek in Houston.

“You can create a lot of value if you can store electricity that you produce," Mr Pouyanne said.

"For us, battery is an important part in the value chain in establishing a profitable electricity player.

“We have established JV [joint venture] with Mercedes-Benz and Stellantis to produce batteries … we are convinced it will be a new way to produce value, an important technology for electric mobility and an important part of energy transition."
TotalEnergies has linked up with mobility solutions provider Stellantis and German car maker Mercedes-Benz to establish Automotive Cells Company. AP

TotalEnergies has linked up with mobility solutions provider Stellantis and German car maker Mercedes-Benz to establish Automotive Cells Company. AP

The French integrated oil and gas company TotalEnergies has entered an agreement with Dutch provider of innovative mobility solutions Stellantis and German car maker Mercedes-Benz to establish Automotive Cells Company (ACC).

They aim to increase ACC’s industrial capacity to at least 120 gigawatt hours by the end of this decade.

The initiative is supported by the French, German and European authorities, to create a European battery champion for electric vehicles.

Global battery market size is expected to reach $310.8 billion by 2027, growing at a compound annual rate of 14.1 per cent, according to the US-based market research and consulting company Grand View Research.


Technological advancements in terms of enhanced efficiency and cost reduction are likely to open new paths for the global battery market in the coming years, industry experts say.

TotalEnergies adopted a new identity last year, signalling a new phase in its transition to net zero.

“People in the company are very happy with this move because it is way to stay aligned with the society’s expectations," Mr Pouyanne said.

“Fundamentally, we continue to produce oil and gas, but we have decided that we must be a leader in energy transition … our strategic move is to become electricity and renewables producer and supplier.”

As part of its ambition to reach net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity.

At the end of 2021, the company’s gross renewable electricity generation capacity was more than 10GW.

As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. PA

As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. PA

It aims to expand this business to reach 35GW of gross-production capacity from renewable sources and storage by 2025, and then 100GW by 2030, with the objective of being among the world's top five producers of electricity from wind and solar energy, the company said.

It is serious about expanding in Africa and ensuring a “sustainable growth” in the continent.

“Africa is blessed with natural resources," Mr Pouyanne said. "Our expansion and energy development in the continent is part of the sustainable development … getting people out of the poverty in a sustainable way.

"We are out there to bring energy and develop shared values and shared prosperity that is our mission as a company."

Active in more than 130 countries, TotalEnergies employs nearly 105,000 people.

[misca2] 06/3/2022 18:37

Shell, TotalEnergies, Engie Among High Bidders in New York Bight Offshore Wind Auction

By Morgan Evans

March 6, 2022


The Department of Interior announced last week the winning companies of the New York Bight offshore wind lease sale, with Bight Wind Holdings LLC, a joint venture (JV) between RWE Renewables and National Grid, securing the largest lease with a $1.1 billion bid.

[misca2] 27/1/2022 13:27

Engie SA and EDP Renovaveis SA's joint venture, Ocean Winds, said Thursday that it has reached a final investment decision on a floating offshore-wind pilot project in the Mediterranean Sea, marking the end of its development phase.

"This major step will allow the signing of contracts with the main industrial and financial partners and the launch of the project's actual implementation phase," the offshore-wind energy company said.

The project, called "EFGL", involves the construction and operation of three 10-megawatt floating wind turbines. The farm is set to be commissioned at the end of next year and will operate for 20 years, Ocean Winds said.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

January 27, 2022 07:02 ET (12:02 GMT)

[maywillow] 17/1/2022 12:03

Royal Dutch Shell PLC said Monday that it has, along with partner and Iberdrola SA subsidiary Scottish Power, won bids to develop 5 gigawatts of floating offshore wind farms off the east and north-east coast of Scotland.

The energy major said it secured the leases through the ScotWind auction by the Crown Estate Scotland, and that it will use innovative technology to install turbines further from the shore to catch more powerful winds.

The new wind farms will be delivered through two new joint ventures, called MarramWind and CampionWind, and will be two of the world's first large-scale floating offshore wind farms. Once built, MarramWind's and CampionWind's floating wind projects could accommodate a total generation capacity of around 3 gigawatts and 2 gigawatts, respectively--the equivalent of 6 million homes in Scotland.

"Shell and ScottishPower can now look forward to generating floating wind power at significant scale in the U.K. to accelerate the country's transition towards net zero. Floating wind plays to our strengths in deeper offshore projects, and we are well placed to help advance the wider take-up of this important clean energy source," said Wael Sawan, Shell's Integrated Gas and Renewables and Energy Solutions Director.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

January 17, 2022 06:34 ET (11:34 GMT)

[waldron] 20/12/2021 18:05

Engie, Hannon Armstrong complete 2.3-GW renewables portfolio in US
Image by Engie North America

December 20 (Renewables Now) - Engie North America Inc on Monday said it has brought online the final project in a 2.3-GW US wind and solar portfolio owned together with climate investor Hannon Armstrong Sustainable Infrastructure Capital Inc (NYSE:HASI).

The portfolio's 13 projects are now online after a 50-MW solar farm in Virginia was commissioned and transferred into the portfolio partnership. Its nine onshore wind facilities totalling 1.8 GW and four solar projects with a combined capacity of 500 MW were built between late 2019 and the autumn of 2021, the Houston, Texas-based division of French utility Engie SA (EPA:ENGI) said. Located across five states, the installations are estimated to be generating enough power for more than 500,000 US homes. Each of them has off-take agreements, where they are contributing to the customers’ low-carbon commitments, Engie noted.

The French company developed the portfolio and will operate the assets. It agreed to sell a 49% equity stake in the portfolio to Hannon Armstrong in 2020.

The 2.3 GW of projects are part of Engie North Americas' US renewables generation fleet of over 3 GW. It also has a pipeline of 10 GW.

[waldron] 02/12/2021 10:54

The world’s largest offshore wind farm has moved a step closer after passing the last important milestone for the project’s delivery.

By Scott Reid

Thursday, 2nd December 2021, 8:31 am

Updated
2 hours ago

Joint venture partners SSE Renewables and Equinor have reached financial close on Dogger Bank Wind Farm C, the third phase of the vast North Sea wind facility which is due to complete in March 2026.

Due to its size and scale, Dogger Bank is being built in three consecutive 1.2 gigawatt (GW) phases. When completed, the wind farm, located off the north east coast of England, will have the capacity to power some six million UK homes.

[grupo guitarlumber] 02/12/2021 07:59

News

2 hrs ago

Ardersier port owners to turn old oil rigs into windfarm foundations

By Greg Russell @National_Greg Journalist



THE new owners of Ardersier Port are planning to transform it into the first fully circular energy transition facility, recycling old oil rigs into the foundation for offshore windfarms in a move that could deliver thousands of jobs.

In its heyday in the 1970s, ­Ardersier was the site of McDermott oil and gas fabrication yard, one of the largest such facilities in the world, employing up to 4500 people.

The currently unused port, 14 miles east of Inverness, is – at more than 400 acres and with more than a kilometre of quayside – the largest brownfield port in the UK.

Work is about to begin on a £20 million, nine-month “capital dredge” to remove 2.5 million cubic metres of sand – equivalent to 1000 ­Olympic swimming pools – to reopen the ­massive port.


Over the next five years, its new owners have said they will deliver an oil rig decommissioning facility; a waste from energy recovery facility; a £300m green steel plant powered by offshore wind and energy from waste; a concrete production plant using dredged sand from the port, steel plant by-products and energy from waste facility; and a dedicated floating wind hub to make concrete floating wind facility foundations.

They say this will create the largest floating wind foundation fabrication, manufacturing and assembly facility in the UK – in a market predicted to deliver 29,000 jobs and £43.6 billion to the UK economy by 2050. Ardersier Port already has an agreement with floating wind leader BW Ideol, guaranteeing them exclusive access to manufacture their concrete floating wind foundations.

When the dredging is complete in summer, Ardersier Port will build a bespoke slipway to allow floating oil and gas structures to be hauled onshore prior to removing contaminants and decommissioning them.

Ardersier Port owner Steve Regan said: “At Ardersier we can lead the UK’s green industrial revolution by using circular economy practices to deliver new low carbon infrastructure built on the by-products of our oil and gas past.



“This is a once-in-a-generation ­opportunity to create a world-leading industrial and offshore wind manufacturing facility here in the UK.”

BW Ideol is one of three partners – with Elicio and BayWa r.e – in the Floating Energy Allyance, which has applied for offshore wind development rights in the ScotWind leasing round. It has pledged to manufacture all its floating concrete foundations here, creating almost 4000 jobs.

BW Ideol CEO, Paul de la Gueriviere, said: “By securing ­exclusive access to Ardersier Port, BW ­Ideol is reaffirming its commitment to manufacture its floating foundations locally, maximising the benefit for Scotland and the rest of UK, without conditions.”

[adrian j boris] 27/11/2021 06:47

IRISHTIMES.COM

Wind is Ireland’s main source of renewable power, but sometimes it fails to blow
The evidence indicates renewables have contributed less than 40% of the electricity that we have so far used in 2021

46 minutes ago

Ireland is a naturally windy place but as the last few months have illustrated we cannot always rely on it to blow at speeds needed to generate electricity.


Wind energy advocates must have been breathing sighs of relief as the breeze picked up last month. Figures from State utility Gas Networks Ireland show that wind generated up to 76 per cent of electricity used here in October, a sharp turnaround from previous months when it accounted for less than 1 per cent at times.

Wind is Ireland’s main source of renewable power. Its absence at different points this year, during a cold spell in the early months and again during the summer and part of the autumn, contributed to a squeeze on electricity supplies. This in turn sparked warnings about stretched capacity and potential power cuts.

Through October it accounted for 35 per cent of electricity needs, hitting 76 per cent at its peak. But its contribution also fell away to 1 per cent at times, illustrating once again a key problem with using it to generate power: it is not always there.

As a tiny island in the north Atlantic, Ireland is a naturally windy place, but as the last few months have illustrated, we cannot always rely on it to blow at speeds needed to generate electricity.


Consequently, it has to be backed up with conventional generation, with natural gas – which produces less carbon than over fuels – the obvious option. However, Gas Networks Ireland’s figures show that coal, a far more polluting energy source, continues to contribute strongly to electricity production.

That fuel accounted for 15 per cent of electricity used here last month, peaking at 25 per cent. The State company points out that coal continued to be called on “significantly more” than in 2020.

That could be the case for some time to come as electricity demand continues to rise, particularly as the economy recovers from Covid-19 closures. This presents a problem for Government, which is committed to ending coal-fired generation by 2025 and to cutting greenhouse gas.


The Republic has hit few of its climate-change targets to date. One that it did hit last year was the commitment to generate 40 per cent of electricity needs from renewable sources.

Unfortunately we have to maintain it at that level if those targets are to mean anything. However, the evidence indicates that renewables have contributed less than 40 per cent of the electricity that we have so far used in 2021.

AboutCantillon

A man with a profound understanding of how money is made and lost, Kerry-born economist Richard Cantillon (1680s-1734) is a fitting namesake for this long-running column. Since 2009, Cantillon delivers succinct business comment on the stories behind the news.

[waldron] 24/11/2021 08:59

Royal Dutch Shell PLC said Wednesday that it has signed a 15-year power purchase agreement for electricity from Dogger Bank, the world's largest offshore wind farm.

The oil-and-gas major has secured a 20% power share from the third phase of Dogger Bank, or Dogger Bank C. Each phase has a capacity of 1.2 gigawatts, and is expected to generate around 6 terawatt-hours of electricity a year. The wind farm is located off the northeast coast of England.

Including existing agreements for Dogger Bank A and B, Shell has now secured 720 megawatts of the farm's anticipated capacity of 3.6 gigawatts. Construction is expected to complete in 2026.

Dogger Bank is owned by SSE PLC, Equinor ASA and ENI SpA.

SSE said Wednesday that it has signed separate power purchase agreements for Dogger Bank C. In addition to Shell's 20% share, Danske Commodities has agreed to buy 40% of the electricity generated on behalf of Equinor, SSE Energy Supply Ltd. will acquire 20% on behalf of SSE, and Centrica PLC will take the remaining 20%.

These deals are subject to the developers reaching a financial close for the third phase of Dogger Bank, which is expected by the end of the year.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

November 24, 2021 03:06 ET (08:06 GMT)

[grupo guitarlumber] 10/11/2021 19:34

Engie Nears Deal to Buy Spanish Renewables Producer Eolia

Francois de Beaupuy and Dinesh Nair, Bloomberg News


(Bloomberg) -- A consortium led by French utility Engie SA is nearing a deal to acquire Eolia Renovables de Inversiones SCR SA, a Spanish renewable power producer owned by Alberta Investment Management Corp., said people with knowledge of the matter.

An agreement is set to be announced as soon as Wednesday, the people said, asking not to be identified because the information is private. The sale price could be above 2 billion euros ($2.3 billion), local media including the Expansion newspaper have reported.

A representative for Engie declined to comment, while spokespeople for AIMCo. and Eolia didn’t immediately respond to requests for comment.

Demand for renewable energy assets has soared in recent years, with infrastructure funds and strategic investors spending billions of dollars to gain exposure to the sector as governments promote low-carbon energy and crack down on fossil fuels to fight global warming. The value of deals involving alternative energy companies has more than doubled this year to an annual record of $92 billion, according to data compiled by Bloomberg.

Eolia develops, builds and operates wind farms and solar photovoltaic plants, with a portfolio of 824 megawatts in Spain, according to the company’s website. The acquisition fits Engie’s strategy of accelerating in renewables, and energy infrastructure such as district heating and electric-car charging networks.

The transaction will also reinforce its presence in Spain, where Engie and financial partners bought a portfolio of hydropower assets from EDP-Energias de Portugal SA for 2.21 billion euros last year.

To help fund its priorities, Engie announced last week that it that it agreed to sell its energy-services business Equans for 7.1 billion euros to French construction conglomerate Bouygues SA. The power and gas utility already sold most of its holding in French water company Suez SA a year ago, and an interest in its French gas-transmission network in July.

Separately, Engie raised its guidance for full-year revenue and profit on Wednesday, citing a strong operational performance and “external tailwinds” amid a surge in gas and power prices.

“We have maintained our focus on robust operational performance, notably for our nuclear generation, we have increased production from renewables, and recovered significantly from last year’s Covid impacts,” Chief Executive Officer Catherine MacGregor said in a the statement.



(Updates with details of Eolia’s operations in sixth paragraph.)

[adrian j boris] 06/11/2021 08:07

(MT Newswires) -- Rio Tinto is planning to invest AU$2 billion ($1.5 billion) on wind and solar energy in Western Australia’s Pilbara region to reduce its gas consumption, The Sydney Morning Herald reported Friday.

The planned move is in line with the mining giant’s step towards green steel, which are made using electricity from renewable sources instead of coal, according to the report.

Back in October, Rio Tinto said it aims to reduce by half its carbon emissions by 2030, The Sydney Morning Herald wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

[adrian j boris] 03/11/2021 08:58

Engie plots Chilean wind farm

Published 03 November 2021 Last Updated 03 Nov 2021 03:49

Tags Renewables Latin America

Carmen Arroyo Nieto



Engie Energia Chile has begun the permitting process for a 173.6MW wind farm in the Chilean region of Los Lagos

[grupo guitarlumber] 02/11/2021 10:54

Environmental services
Eni strengthens its presence in the UK offshore wind market
02 November 2021 - 11:00 AM CET

Eni acquires a 20% stake in the UK Dogger Bank C project, the third phase of the world largest offshore wind farm currently under construction, set to generate around 18 TWh per year.

San Donato Milanese (Milan), 2 November 2021 - Eni strengthens its presence in the UK offshore wind market today by entering into an agreement with Equinor and SSE Renewables to acquire a 20% stake of the 1.2GW Dogger Bank C project.

Dogger Bank C is the third phase of the world largest offshore wind farm (3.6 GW) currently under construction. Production will start in subsequent phases with the first phase (DBA) commencing in 2023 and the following respectively in 2024 and 2025. Once completed, Dogger Bank will generate around 18 TWh, enough renewable electricity to supply 5% of the UK’s total demand, equivalent to powering six million UK homes.

Financial close of project financing for the site is expected before the end of 2021. The closing of the transaction is expected in 1Q 2022, subject to customary closing conditions.

Once the transaction is complete, the new shareholding structure will be comprised of SSE Renewables (40%), Equinor (40%) and Eni (20%) for all the three Dogger Bank project phases (A, B and C). The alignment in the participating interest across the three phases will facilitate the capture of material synergies during construction and operation.

Claudio Descalzi, Chief Executive Officer of Eni, commented: “Through this important transaction we continue to accelerate our growth strategy in renewable energy, as well as strengthening our presence in the offshore wind market in Northern Europe, one of the most promising and stable markets in the world. This is new capacity further enhances and expands Eni’s portfolio that integrates renewables and retail, a fundamental strategic lever for the decarbonisation of emissions related to the use of our products by our customers. It is therefore a new concrete step in our process of complete reduction of the net emissions of industrial processes and products.”

Eni decided this year to merge its Renewables and Retail businesses by combining a growing pipeline of renewable projects with an attractive growing customer base.

By entering the Dogger Bank C project, Eni adds 240 MW of renewable capacity to reach its 2025 target to develop more than 6 GW of installed capacity from renewable sources, while growing its level of involvement and expertise for the future development of further offshore wind projects.

[grupo guitarlumber] 24/10/2021 15:21

Ormonde offshore wind farm debris could be widespread

Published

2 hours ago


Debris from an offshore wind farm caused by a "disappointing" maintenance work error could be widespread, an operator has warned.

Swedish energy company Vattenfall said turbine parts fell into the sea at the Ormonde Wind Farm six miles (10km) off the coast at Barrow, Cumbria.

Several members of the public have reported finding pieces on beaches.

Vattenfall said it was investigating the cause and has asked people to report finds but not to remove items.