Power & Energy Solutions

The premier renewable energy publication

ZITON A/S (“ZITON”) successfully placed a three-year EUR 100 million senior secured bond loan and a three and a half year EUR 25 million second secured bond. The proceeds will be used to refinance the outstanding bond and subordinated debt and buying back a minority stake in the subsidiary Jack-up InvestCo 3 Plc. The senior secured bonds, maturing in October 2021, will bear a floating coupon of 3 months EURIBOR + 6.90% (paid quarterly) and the second secured bonds, maturing in April 2022 will bear a floating coupon of 3 months EURIBOR + 11.85% PIK interest. Listing of the bonds on Oslo Stock Exchange will take place within 60 days of settlement. This was the third time ZITON raised capital in the Nordic bond market and the transactions were well received by the market, as evidenced by the strong Nordic and international demand resulting in both bond issues being heavily oversubscribed. “The new capital structure is a reflection of the Company’s strong market position and development to a full-service provider over the past three years and the new financing provides the necessary flexibility for continued investments and growth while significantly reducing the total cost of funding” says Thorsten Jalk, CEO of

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Three months after start of construction, the topping-out ceremony for the 10 MW battery storage facility in Bordesholm was celebrated on September 12th. The excellent collaboration between RES (Renewable Energy Systems Ltd) and the utility VBB has made a significant contribution to the smooth construction progress in reaching thisimportant project milestone. The modern and highly efficient battery storage system will provide grid stabilisation and back-up power – fed from 100% renewable energy to the community when there is grid disruption or upstream grid failure. During the traditional topping-out ceremony Frank Günther, Managing Director of VBB said, "My thanks to all those who have worked on this construction. We are considerably closer to our vision of an independent and regenerative future of electricity supply in Germany - andultimately worldwide. We have the local energy production and distribution in our hands. With this battery project, we will give an insight into the future of a digital and innovative energy world, which ensures an efficient and stable power supply with renewable energy alone." Energy storage systems are the key technology of the future Thanks to innovative and intelligent controls developed in-house at RES, battery storage is much more efficient than traditional system services using conventional coal

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Based in Bengaluru, India, the Global Operations & Analytics Centre will implement data analytics, machine learning and artificial intelligence to offer advanced performance and diagnostic features for the wind and solar industry. The service offering allows DNV GL’s global experts to manage monitoring risks for owners and investors and effectively raise the value of their solar, wind & storage assets  Bengaluru, India – 19th September 2018: DNV GL, the world’s largest independent energy advisory and certification body, has launched a new Global Operations & Analytics Centre for renewable assets located in Bengaluru, India. The new centre will work in tandem with DNV GL’s existing UK Operations Control Centre in Glasgow, to offer seamless 24/7 monitoring services that aim to strengthen performance and operational efficiencies of renewable assets alongside detecting, analysing and predicting failures. DNV GL’s recently published Energy Transition Outlook report forecasts that by 2050, 80% of global electricity production will come from renewables. The transition to clean and renewable sources of energy has seen unprecedented growth in recent years, rendering the efficient monitoring and optimization of renewable energy assets critical for owners and investors alike. India, in particular, is running one of the largest and most ambitious renewable capacity expansion programs in

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OPTIMAX® helps smooth the transition to new energy business models by providing clear insight into energy consumption while reducing environmental impact and lowering costs up to 5 percent. ABB has launched OPTIMAX® for Industrials and Commercials and for Virtual Power Plants, part of the ABB Ability™ Energy Management for sites suite, enabling industrial, commercial and power generation companies to reduce energy costs and site emissions by optimizing the aggregation and dispatch of energy sources. These offerings especially help large, energy intensive companies, that are increasingly looking for new ways to reduce energy costs and emissions. When they install distributed energy resources (DERs) such as wind and solar, for example, they often lack capabilities to reduce energy cost and site emissions because they cannot adequately measure, monitor or control their energy use. OPTIMAX® solves these problems by connecting to the distributed energy resources and optimizing their use to achieve reduced energy cost and emissions. “The energy and grid transformation is driving changes in how electricity is being generated, transported and consumed, with bi-directional energy and information flow having accelerated in the past couple of years,” said Kevin Kosisko, managing director, ABB Power Generation & Water. “OPTIMAX®, part of the ABB Ability™ Energy Management for sites

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Aberdeen, September 13th, 2018: This year the UK-office of Deep Sea Mooring (DSM) - a Vryhof company - has considerably strengthened its presence in the offshore energy hub Aberdeen, Scotland, with the opening of a strategically extremely convenient deep water quayside facility. This follows the opening of the UK office in April 2017. The Port of Aberdeen is an economic driver for the whole region. As a global leader in providing secure, innovative and high quality mooring solutions to mainly E&P (exploration and production) companies and drilling operators, DSM’s aim is to become a strong local partner for its international clients in that area, by delivering excellence in the broadest sense of the word. The office is headed by UK Managing Director Mo Tafazzoly and was established more than a year ago in response to growing demand for DSM’s services and solutions, across the North Sea. “We started our search for a suitable base in the middle of last year and are very pleased to have found this unique facility with indoor and outdoor storage areas,” said Mo Tafazzoly. “There is minimal impact in terms of tidal dependency. As a consequence, an offshore support vessel such as an AHV does not have

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Chevron Marine Lubricants has developed a brand-new range of cylinder lubricants compatible with virtually all available global sulphur cap 2020 compliance options. As the global shipping industry prepares for the arrival of the global sulphur cap in January 2020, the operation of ships in a multi-fuel future is a fast approaching reality. Lubricants are essential to the smooth operation and service life of propulsion machinery, but their optimal use is highly dependent on fuel sulphur content. A diversified marine fuel mix demands tailoring lubricant selection to fuel sulphur content to ensure compatibility with fuels bunkered across a fleet. The Taro® Ultra range of lubricants deliver the same high performance and protection expected from Chevron’s Taro® engine lubricants, with the added benefit of being compatible with almost all engines, marine bunker fuels and abatement technologies. The full range of Taro® Ultra products cover the needs of the vast majority of vessel owners, from Taro Ultra 25 which is compatible with low sulphur fuel, distillates and many alternative fuels, to Taro Ultra 140 which is ideal for applications using high sulphur bunker fuels that require scrubber emission abatement technology. Specifically developed by Chevron Marine Lubricants to help ship owners and operators maintain efficient operations before and

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Pooled EV batteries to deliver control reserve to the electricity grid Virtual Power Plant (VPP) operator Next Kraftwerke and Jedlix, an electric vehicle (EV) aggregator and smart charging platform provider, have launched an international pilot project to deliver secondary control reserve (aFRR) through the batteries of electric cars. Tendered by Transmission System Operator (TSO) TenneT, Next Kraftwerke and Jedlix have been selected for the pilot project that will see TenneT assess the technical feasibility of aFRR delivered by new technologies. The project begins in early 2019 and will run for two years, during which Next Kraftwerke and Jedlix provide aFRR through Jedlix's EV fleet using the company’s smart charging solution. Next Kraftwerke provides the interface to the TSO TenneT and markets the aggregated energy in TenneT’s reserve control auctions, while Jedlix steers the charging of EV’s over-the-air via its platform. Jedlix establishes the connection by linking its system to Next Kraftwerke’s remote control unit Next Box. In doing so, the Jedlix fleet can be controlled by Next Kraftwerke’s central control system. This enables real-time data exchange between the Jedlix fleet and Next Kraftwerke, while also making it possible for the Jedlix fleet to receive setpoints from Next Kraftwerke that change the EV’s

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·         On 7 September 2018 Photon Energy N. V. fully placed its 7.75 % corporate bond 2017/22 with a total volume of EUR 30 million. ·         The net issue proceeds will flow into the construction of major utility-scale projects in Australia and Hungary for the company’s own portfolio. ·         Investors can still purchase the bond at the open market of the Frankfurt Stock Exchange and other stock exchanges in Germany. Amsterdam, 7 September 2018 – Photon Energy N.V. (WSE: PEN, NL0010391108, the “Group”) announces that it has successfully completed its five-year 7.75 % corporate bond (ISIN: DE 000A19MFH4) placement. The target volume of EUR 30 million was subscribed to in full before the end of the public placement that took place in Germany, Austria and Luxembourg, originally set until 20 September 2018. In October 2017, Photon Energy launched a public offer for its second EUR-denominated 5-year corporate bond (with a coupon rate of 7.75 % and quarterly payments) together with an exchange offer for the holders of its first 8 % EUR-bond due and successfully repaid on 12 March 2018. The Group intends to use the remaining net issue proceeds for the construction of utility-scale PV power plants for its proprietary portfolio

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SOx compliance and the approaching global sulphur cap are among the marine industry’s most pressing concerns. Alfa Laval is not only working to meet today’s scrubber demand, but also securing long-term peace of mind for those who invest in Alfa Laval PureSOx systems. “Alfa Laval’s focus is securing the compliance of our customers, both today and for the future,” says Erik Haveman, Sales Director, Exhaust Gas Cleaning. “Naturally we want to meet the demand that currently exists. But we also want to ensure that our customers are a step ahead, so that they can be confident in meeting tomorrow’s challenges.” Preparing open-loop systems for hybrid upgrades Over the past decade, many changes in environmental legislation have come into effect, requiring shipowners to invest in equipment on board their vessels. Alfa Laval is securing flexibility for PureSOx customers by delivering their open-loop PureSOx systems in a hybrid-ready configuration. “Many customers today are purchasing open-loop PureSOx systems,” says Haveman. “But there is the possibility of stricter water discharge regulations in the future. By preparing all open-loop deliveries for easy upgrading to a hybrid system, we give PureSOx customers room to adapt if tougher laws appear.” The possibility of using fuels with higher sulphur content Going forward, PureSOx can

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Alfa Laval PureNOx technology has long been the choice for water treatment in Exhaust Gas Recirculation (EGR), one of the main strategies for Tier III NOx compliance. Soon it will be channelled into two differentiated systems, PureNOx LS and PureNOx HS, optimized according to fuel sulphur level and the updated specifications of engine manufacturer MAN Energy Solutions. Built on Alfa Laval’s leading expertise in centrifugal separation, PureNOx technology has proven successful in thousands of hours of EGR operation at sea. In response to new specifications from MAN Energy Solutions, with whom Alfa Laval has cooperated closely in PureNOx development, PureNOx will soon be released in two streamlined versions according to fuel sulphur level: PureNOx LS (Low Sulphur) and PureNOx HS (High Sulphur). “By taking advantage of the new EGR specifications, we will provide optimized and more compact water treatment systems that lead to more cost-efficient EGR,” says Ayla Körlof, Global Business Manager, Alfa Laval PureNOx. “The centrifugal separator module, which will be identical for PureNOx LS and PureNOx HS, will be 50% smaller than that of today’s PureNOx Prime.” Sales start for both PureNOx systems is expected at the end of 2018. PureNOx LS – effective bleed-off water cleaning PureNOx LS, which will be used

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