Power & Energy Solutions

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The latest Cornwall Insight Green Certificates survey results show that the value of green electricity certificates has fallen significantly, with average values reportedly more than one-third lower than in the previous quarter. Green gas certificates have held their value better, but average prices have also fallen for these certificates. In fact, REGOs have almost halved in value dipping below 30p, but prices are expected to rebound. The independent survey of 50 organisations across the industry that ran from 22 June to 3 July also revealed that 71% of respondents felt that COVID-19 had a negative effect on REGO prices. Over a third believed that these effects would continue for at least 6-12 months and a further 21% thought these impacts would last significantly longer than that. Commenting on the survey results Tom Andrews, Senior Consulting Analyst at Cornwall Insight, said: “Conditions for renewable generation were good and saw above-average generation for this time of year; this has led to an increase in the availability of certificates. On its own, this would not necessarily cause such a dramatic drop in value for REGOs. “However, this period of good renewable conditions was coupled with the COVID-19 pandemic, which saw electricity demand fall by 18% on average

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While uptake of DER management solutions has been fragmented and piecemeal to date, more utilities are expected to leverage these technologies for digital transformation July 23, 2020 – Boulder, Colo. – A new report from Guidehouse Insights analyzes the market for distributed energy resources (DER) management software technologies, including DER management systems (DERMSs), virtual power plant (VPP) management systems, and DER analytics, providing forecasts for five global segments through 2029. The gradual rise of DER has differing levels of positive and negative effects on grid stability and health. A growing number of utilities are responding by enabling higher levels of situational awareness through the advancement of digital transformation initiatives. DER management solutions are foundational to enabling this digital transformation while simultaneously supporting energy industry transformations. Click to tweet: According to a new report from @WeAreGHInsights, the DER management technology market is forecast at $826.4 million in 2020, growing to nearly $5.9 billion in 2029, at a compound annual growth rate (CAGR) of 24.3%. “Utilities are in the middle of multiple paradigm shifts as digital transformation and proliferation of DER converge to create increased complexity and opportunity,” says Michael Kelly, senior research analyst with Guidehouse Insights. “Most utilities would like to create value internally

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CSSC Marine Service Co (CMS), the worldwide equipment service subsidiary of China State Shipbuilding Corp (CSSC), has completed the first ever major overhaul on two WinGD X-DF engines in only nine days. The twin 6X62DF engines overhauled by CMS belong to the first ever X-DF powered vessel in operation, 2017-built 180,000-cbm LNG tanker, SK Audace (Owned and operated by SK Shipping Co. LTD), which was anchored at the Sabine Pass anchorage in Texas. In the three years since vessel delivery, the X-DF engines installed on SK Audace had reached 18,000 operating hours, >99% of which were gas operation and <1% Diesel operation required for manoeuvring. Therefore, scheduled maintenance was required to ensure continuous uninterrupted operation. The CMS Korea team completed the two engines full maintenance within nine days, and the ship returned  to commercial service after a successful sea trial run. All this despite the travel, logistics, health, and safety working plans caused by COVID19.The simplicity of the X-DF engine for maintenance, coupled with the skill and dedication of the CMS team enabled the fast overhaul time. Although work scopes were varied, CMS and WinGD collaborated to execute the job according to the standard manual for that engine type. Original spare parts such as

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The 78 MW Hiep Thanh wind farm marks Siemens Gamesa’s fifth nearshore project in Vietnam, and confirms the company as one of the largest players in the Vietnamese nearshore segment 18 units of SG 5.0-145 turbine with flexible power rating will be supplied Additionally, the company signed a long-term 10-year contract to provide operation and maintenance services Siemens Gamesa has strengthened its market leadership position in Vietnam after securing its fifth nearshore wind farm project as the Vietnamese government quickly advances on its renewable energy goals. The latest deal, which surpasses the previous company record in scale for its fourth nearshore project (75 MW) as the largest of its kind in Vietnam, adds a further 78 MW to the company’s existing 174 MW it has already secured, making Siemens Gamesa one of the largest players on the growing Vietnamese nearshore wind market. The 78-MW Hiep Thanh wind farm will be located 1-3 km off the coast of Tra Vinh Province. Siemens Gamesa has been able to leverage its engineering and construction experience gathered from both onshore and offshore to support the development of the nearshore market in Vietnam. This project is being developed by EcoTech Tra Vinh Renewables JSC, and its investors, Janakuasa

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Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announces today that 98.9% of the subscription rights have been exercised until the end of the subscription period on 22 July 2020, 12:00 CEST. In total, 1,272,465,688 new registered shares were offered to existing shareholders at a subscription price of CHF 0.09 per share. The 13,718,276 new registered shares to be issued, for which the subscription rights have not been exercised, will be sold in the market. The rights issue will thus generate gross proceeds of around CHF 115 million. Prior to the capital increase, so-called PIPE investors (Private Investment in Public Equity) have committed themselves to subscribe for approximately 30% of the total number of new shares to be issued at a subscription price of CHF 0.09 per share, corresponding to gross proceeds of around CHF 50 million. With the completion of the capital increase, the company will thus receive gross proceeds totalling approx. CHF 165 million. Prior to the capital increase, so-called PIPE investors (Private Investment in Public Equity) have committed themselves to subscribe for approximately 30% of the total number of new shares to be issued at a subscription price of CHF 0.09 per share, corresponding to gross proceeds of

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Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announces today that 98.9% of the subscription rights have been exercised until the end of the subscription period on 22 July 2020, 12:00 CEST. In total, 1,272,465,688 new registered shares were offered to existing shareholders at a subscription price of CHF 0.09 per share. The 13,718,276 new registered shares to be issued, for which the subscription rights have not been exercised, will be sold in the market. The rights issue will thus generate gross proceeds of around CHF 115 million. Prior to the capital increase, so-called PIPE investors (Private Investment in Public Equity) have committed themselves to subscribe for approximately 30% of the total number of new shares to be issued at a subscription price of CHF 0.09 per share, corresponding to gross proceeds of around CHF 50 million. With the completion of the capital increase, the company will thus receive gross proceeds totalling approx. CHF 165 million. The first trading day of the new shares on SIX Swiss Exchange is scheduled for 29 July 2020. Delivery of the new shares against payment of the subscription price is also planned for 29 July 2020. The increased share capital of Meyer Burger will amount to

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Sunderland, UK, 22 July 2020 – Power Roll, a developer of ultra low-cost and lightweight flexible solar PV, has been awarded funding through Innovate UK’s Energy Catalyst 7 to evaluate the use of flexible PV film in powering rural, off-grid applications in developing regions. As a result of the Covid-19 pandemic, Power Roll recently switched the focus of one of its projects to supply power to a rural health centre in Southern Zambia. The health centre provides basic healthcare to a rural community. On Call Africa, a UK healthcare charity, oversees the running of the clinic and Vero Power, specialists in working with communities across Africa to enable access to electricity, is Power Roll’s project delivery partner working in Zambia. The off-grid system consists of a 5 kW flexible solar PV array, an inverter with remote monitoring and a 3.2 kVA/5.2 kWh battery store to provide power throughout the night. The electricity generated will power lighting, a refrigerator and other essential equipment. “The World Bank estimates there are 840 million people without access to electricity and another 3 billion that rely on polluting fuels for heating and cooking,” said Neil Spann, managing director, Power Roll. “Energy demand is set to grow rapidly in sub-Saharan Africa and south

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A resilient business model to navigate the current complex environment: Net profit of €1.84 billion for the half year (+12.2%), despite a 13.6% decline in the second quarter as a result of COVID-19 related lockdowns. The performance in the first half was underpinned by; the steady flow of investment activity over the past twelve months, with €8.23 billion committed and 4,900 new megawatts (MW) in operation; the group’s geographical and business diversification; and improved efficiency COVID-19 adverse impact over the first half of the year: The results for the first half were impacted by the COVID-19 pandemic. The main direct impacts of the pandemic on the group’s business were declines in demand and late payments. Both factors had a combined impact of EUR 228 million on group EBIT. Operating profit: The group's gross operating profit (Ebitda) amounted to €4.91 billion, 1.4% below that of the first six months of the previous year, posting growth in renewables (+5.3%) and generation and supply (+14.3%) but a lower contribution from the networks business (-10.6%). Currently building 7,500 new megawatts: Investments for the period amount to €3.58 billion (+2.3%), in line with the objective of investing €10 billion by the end of 2020.

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GES expands its relationship with Copenhagen Infrastructure Partners (CIP) with a new contract for the construction of three new wind farms with a total installed capacity of 113MW in Aragon, part of CIP’s Monegros portfolio (487 MW). GES is in charge of the engineering and full BOP (construction, civil and electrical works) for these three wind farms, called Alenza, that will have 30 wind turbines. GES has initiated the construction earlier this year. The construction is progressing well, is currently on schedule and the projects are expected to be operational by late 2020. Cluster Alenza is integrated in the Monegros portfolio of CIP (487 MW), in which GES is currently working on the construction of 345 MW. July 2020. GES, integral service provider of engineering, construction and maintenance of renewable energies (wind & solar), builds a new cluster of 114 MW wind projects in Aragon for funds managed by the Danish investment fund Copenhagen Infrastructure Partners (CIP). Building on the contract with GES for the execution of the nearby Valdejalon cluster of 232 MW wind projects. This contract joins to the construction of Valdejaldon wind cluster, which also belongs to CIP’s Monegros Portfolio (487 MW), with a total of 345

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Technical consultancy Firnas Shuman delivers one-year ZX Lidars wind measurement campaign for major developer “Despite very tough environmental challenges for the measurement campaign in Tunisia Firnas Shuman is delighted to announce that our ZX 300 wind Lidar allowed us to achieve a best-in-class data recovery rate of 99.93% over a one-year period” commented Ahmed Salah, Head of Project Execution, Resource Measurements at Firnas Shuman. The project, including this internationally financed wind measurement campaign, featured demanding desert conditions and extreme heat during the 12-month campaign. The wind Lidar measurements and associated power-supply provided by Firnas Shuman delivered ‘bankable’ wind information remotely from ground-level up to 200 metres, and was able to withstand the demanding environmental conditions whilst meeting the contractual requirements of the measurement campaign. Salah continued : “We are satisfied with ZX300 performance and can rapidly deploy our units for other wind measurement campaigns. The temperature specification of the ZX300 compares favorably to other remote sensing devices and makes it well suited to high temperature conditions. Firnas Shuman is happy to be able to provide to its clients across the world full-service Lidar wind measurement campaigns using its fleet of ZX300 units.” Firnas Shuman has completed the one-year lidar measurement campaign in Tunisia using

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