Power & Energy Solutions

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Switzerland, 19 August 2020 – WinJi, a Swiss start-up that developed the innovative “True Power” renewable energy asset management platform, has been awarded a €1.65 Million (CHF 1.8 M) loan guarantee by the Swiss Technology Fund. This loan guarantee will facilitate WinJi’s upcoming debt-raising, with a view to accelerate the company’s growth and finance further platform developments. Technology Fund successfully approved WinJi’s technology and business model as innovative, energy efficient and competitive in an in-depth due diligence. The purpose of the Technology Fund guarantee is to bridge the gap between equity financing during the start-up phase and regular corporate loans for established businesses. It exclusively caters to innovative Swiss-based cleantech Start-ups and SME that are already generating revenue and can show a reliable sales pipeline. By significantly reducing lender’s risk, the loan guarantee will enable WinJi to access favourable borrowing terms. Established in 2016, WinJi has developed an intelligent online asset management solution to optimise production and operate renewable energy portfolios more efficiently. The cloud based ‘True Power’ Platform solution is fully scalable and incorporates patent-filed anomaly detection methods. This intelligent platform can help renewable asset owners, asset managers and operators increase asset production by up to 5% and increase the Internal Rate

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DEME Offshore has successfully installed two of three offshore substation platforms (OSP) for the Moray East wind farm in the Moray Firth in Scotland. In the meantime jacket installation is also progressing with 20 jackets installed. The installation marks a major milestone in the progress of the construction of the 950 MW offshore wind farm. DEME Offshore deployed a novel concept for this complex project, whereby the OSP jacket and wind turbine foundation design, construction and installation were fully aligned. Both offshore substation platforms were transported from the ENGIE yard in Hoboken, Belgium to the Port of Nigg in Scotland. Under the management of DEME Offshore, which is the EPCI contractor, the first topside was installed by offshore installation vessel ‘Scylla’ early August , while the second topside has now also been successfully installed. DEME Offshore's seamless installation of the topsides enables the construction of Moray East to swiftly proceed to the next phase and the follow-on activities such as the export cable works. Jan Klaassen, Business Unit Director DEME Offshore, emphasises: “We are proud to have proven that combining the design, construction and installation of the offshore substation foundations and wind turbine foundations is clearly a workable solution for the industry, especially in an

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Agreement will Utilize Local Labor in Massachusetts and be Subject to a PLA Vineyard today announced that Linxon, a leading utility contractor with operations in the United States and globally, has secured an order for a turnkey 220/115-kilovolt (kV) substation that will connect clean, renewable energy to the ISO New England power grid from the first utility-scale offshore wind project ever built in the United States.  The agreement, contingent upon the project reaching financial close, ensures that tradespeople in Massachusetts will be hired to install the substation under a Project Labor Agreement (PLA). “We’re proud to reach this agreement, both for the progress it signifies on our first project and also for the jobs it will create locally once we reach financial close,” said Vineyard Wind CEO Lars T. Pedersen.  “Thanks to critically important input from the community, the design plans make every effort for the substation to blend in with its surroundings and use the highest environmental protection standards. Once the project is operational, this asset will provide a necessary connection point for clean, renewable energy to the Massachusetts grid.” The project will generate cost-competitive electricity for more than 400,000 homes and businesses across the Commonwealth of Massachusetts and is expected to reduce

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With the right set of controls technologies, microgrids not only offer value streams to site hosts and other microgrid customers but provide value upstream to the larger grid  August 18, 2020 – Boulder, Colo. – A new report from Guidehouse Insights examines distributed energy resources (DER) assets as the driving force behind microgrid deployments, providing capacity and revenue forecasts for nine technologies from 2020 through 2029. As one of many options to aggregate and optimize DER, the microgrid platform allows for new levels of resilience and reliability, which is particularly valuable in light of emerging threats to global power grids, such as extreme weather events, earthquakes, wildfires, and terrorist threats. At the same time, microgrids can help organize mixed asset fleets of DER at the distribution network level. Click to tweet: According to a new report from @WeAreGHInsights, total DER in microgrids revenue begins at $6.3 billion in 2020, reaching $27.7 billion annually by 2029, at a compound annual growth rate (CAGR) of 18%. “With the right set of controls technologies, the microgrid platform can not only offer value streams to site hosts and other microgrid customers, but it also provides value upstream to the larger grid,” says Peter Asmus, research director with

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Siemens Gamesa continues to expand its multibrand servicing portfolio in the United States with the addition of 10-year, full-scope service agreements for the 139-MW Senvion site in Hornell, NY and 55-MW Senvion site in Meyersdale, PA This agreement adds 194 MW to the company’s existing 190-MW Senvion service fleet in the U.S., bringing the global total to more than 1 GW outside the original Senvion acquisition scope. Siemens Gamesa Renewable Energy announces it has secured a long-term, 10-year contract with EverPower Wind Holdings, Inc. to provide full-scope operation and maintenance services for a total of 95 Senvion MM92-2.05 MW wind turbines at the Howard and Twin Ridges sites. Siemens Gamesa is on track to becoming the largest Senvion service provider in the United States. As part of the full scope service agreement, the company will provide remote monitoring, supply chain access and specialty tooling, design and engineering support, software updates, and will fully utilize the existing hardware and infrastructure on site to ensure the performance and reliability of the turbines throughout the product lifetime. This announcement follows the recent 184-MW agreement to provide 10-year, full-scope operation and maintenance services at two other Senvion project sites in North America. “This is the second major

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Launched today, the WEBS Annual Publication 2020 has unveiled a number of critical deep dive insights into the onshore wind industry that will have a major impact on owner/operators driving better returns on asset O&M during the year ahead. The WEBS report analyses three years’ worth of data from 75 windfarms located throughout eight countries totalling more than 2GW of onshore wind capacity, and provides anonymous performance benchmarks for availability, production, reliability and logistics. For example, ‘Prioritising scheduled maintenance for larger sites in periods of low wind could yield an additional 1,771MWh of production on larger sites (30-44 WTGs).’ The WEBS database has grown to more than 90 sites with a cumulative capacity of almost 4GW of onshore wind capacity across nine different European countries. This invaluable resource helps owners to understand where their availability sits in relation to others in their own region or with the same technology, thus informing strategies for improvements in performance while driving down the cost of O&M. Jeff Bryan, Director at WEBS, said: “It can be extremely challenging to operate wind assets. Not only is turbine reliability an ongoing battle at all sites, but the rapid pace of technology development means that each site has its own

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Further research by Cornwall Insight into data published by the Society of Motor Manufacturers and Traders (SMMT) shows that despite a 97% drop in vehicle sales and difficult market conditions, there continues to be demand for Battery Electric Vehicles (BEVs). In fact, 1,374 BEVs were registered during April, accounting for 32% of all new vehicle registrations, outselling diesel cars (1,079) for the first time. BEV registrations as a proportion of new vehicles remained high, 12.0% in May, while June recorded the second highest ever monthly BEV registrations at 8,903 vehicles. These figures give us a glimpse of what BEV sales might look like in a few years. The most recent data released (July’s figures) shows 8,162 BEVs were registered out of a total 174,887 vehicles. This decreased BEV sales proportion to 4.7% of new cars (Figure 1), highlights a fall to levels seen before lockdown. Katie Hickford, Analyst at Cornwall Insight, said: “Resilient demand for BEVs appears to be driven by four key factors. From 6 April, changes to the Benefit in Kind company car tax means zero-emission vehicles pay no tax in 2020-2021, providing an incentive for businesses to transition their fleets. Also, there have been changes to the Plug-in grant in the

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This is one of the largest orders on record for Siemens Gamesa in India The company will install 215 SG 2.2-122 wind turbines which will be manufactured at its facilities in India The wind project will be developed in the state of Rajasthan and is expected to be commissioned by September 2021 Siemens Gamesa has received a firm order from Adani Green Energy for one of the largest wind power projects in India. The company will deliver 215 SG 2.2-122 wind turbines, totalling 473 MW. The agreement with Adani will see Siemens Gamesa deliver on its core strengths covering manufacturing, supply, installation, and pre-commissioning of the wind turbines for the project in Fatehgarh, Rajasthan, India. Siemens Gamesa had earlier signed several projects with Adani totalling 391.2 MW, in which 87.6 MW has already been commissioned with the remaining MWs under construction. Adding this new order to the existing contracted capacity the Siemens Gamesa – Adani partnership surpasses 860 MW, underscoring SGRE’s position as one of the most trusted renewable energy partners in India. “We are happy to announce this new deal with Adani Green Energy and we thank them for placing their confidence in our capabilities. Growing partnerships with leading IPPs like

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Siemens Gamesa further expands its multibrand servicing footprint with the addition of two Senvion sites. Ten-year service agreements signed for combined 184-MW sites in North America. Siemens Gamesa Renewable Energy announces it has signed 10-year service agreements with an undisclosed customer at two sites in North America featuring Senvion MM92-2.05 turbines for a total of 184 MW. Both sites include service, maintenance and warranty agreements with an availability guarantee. As part of the deal, the company will provide remote monitoring, supply chain access and specialty tooling, design and engineering support, and software updates, while fully utilizing the existing hardware and infrastructure on site to ensure the performance and reliability of the turbines throughout the product lifetime. “We are pleased to bring our service expertise to these sites. This contract builds on the success we’ve seen outside the Senvion acquisition scope and owning the intellectual property makes SGRE a natural choice to extend the lifetime value of those wind projects and improve the customer’s original business case,” said Juan Gutierrez, Service CEO of Siemens Gamesa Renewable Energy. Since the acquisition of Senvion’s Onshore European service assets and Intellectual Property (IP) in early January 2020, the company has secured almost 1 GW of service agreements

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Acciona Energía Internacional is a global portfolio of renewable energy assets totaling 2.5 GW Madrid, Spain, 17th August 2020 - DNV GL, the world's largest resource of independent energy experts and certification body, carried out a vendor’s technical due diligence on behalf of Kohlberg Kravis Roberts & Co. Partners LLP (KKR) for divestment purposes from a global portfolio of renewable energy assets, Acciona Energía Internacional, where KKR held a 33.33% stake and with Acciona S.A. as a majority shareholder. The portfolio consists of 49 wind farms, two solar PV plants and one concentrated solar power plant, all in operation, located across eleven countries and totaling around 2.5 GW of installed capacity. Acting as a technical advisor throughout the transaction phase, DNV GL’s team of experts ensured a quick and experienced assessment of the project’s risks and opportunities. The scope included the assessment and review of aspects such as energy production, technology, operation and maintenance arrangements, historical performance and remaining lifetime. Following the due diligence process, the transaction was successfully closed in April 2020. According to the International Renewable Energy Agency (IRENA), the landscape of renewable energy finance has evolved rapidly which means that more investment in renewables would reduce energy-related carbon emissions, a key element

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