Power & Energy Solutions

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The Gecama wind farm will provide clean energy to approximately 260,000 Spanish households Madrid, Spain 13th August 2020 – DNV GL, the world's largest resource of independent energy experts and certification body, successfully completed a technical due diligence on behalf of Banco de Sabadell S.A. and Bankia S.A for financing the construction of the Gecama wind farm. The project’s 312 MW of total installed capacity is the largest single wind farm in Spain. Gecama is expected to provide clean energy to approximately 260,000 Spanish households. Located in the province of Cuenca (Castilla La Mancha, Spain), the wind farm is planned to enter commercial operation in 2022 and will reduce CO2 emissions annually by approximately 150,000 tons. To support the two banks during the financing process, DNV GL provided a variety of technical services bringing together a multidisciplinary team of experts to undertake an integrated assessment and review of different aspects, such as the energy production, technology and design, grid connection arrangements, construction and operation and maintenance contracts, permitting, environmental, social and health and safety compliance, amongst others. Financial close occurred in June 2020. DNV GL will continue to act as Lenders’ Technical Advisor during the construction phase of the project. In the midst of the

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Low-loss transmission of wind energy for 1.1 million households Further contribution toward decarbonizing energy supplies Siemens Energy is supplying the high-voltage direct-current (HVDC) power transmission technology for a further offshore connection in the German North Sea. A corresponding contract was just signed by the German-Dutch network operator TenneT and the BorWin5 Offshore Consortium, consisting of Siemens Energy and Dragados Offshore. In 2025, the platform BorWin epsilon, which is part of the BorWin5 project, will begin the low-loss transmission of electricity produced by the EnBW He Dreiht wind farm off the island of Borkum to the Garrel/Ost converter station around 230 kilometers distant. The transmission capacity of 900 megawatts is calculated to serve over 1.1 million households with electricity. The project is a further contribution toward decarbonizing Germany’s energy supply. BorWin5 marks the seventh HVDC offshore grid connection project undertaken by Siemens Energy in Germany with TenneT. “We are especially pleased that we can again join with TenneT to make an important contribution to the decarbonization of Germany’s energy supply. The seventh order in the German North Sea underscores the great confidence in our HVDC technology,” emphasizes Beatrix Natter, Executive Vice President of the Transmission Division at Siemens Energy. “When DolWin6 and

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Sales double to EUR 2.0 billion in first half of the year COVID-19 impacts earnings: EBITDA of EUR -70.8 million Installations rise significantly to 2.3 gigawatts Syndicated loan from guarantee program to protect Nordex from the effects of COVID-19 Refinancing of promissory note secured ahead of schedule Sale of European project development business agreed Hamburg, 13 August 2020. The Nordex Group (ISIN: DE000A0D6554) has doubled its sales year-on-year to EUR 2.0 billion in the first half of 2020 (H1 2019: EUR 990.8 million). This rise is due to the significant increase of the activity level. Gross revenue, which also includes changes in inventories, grew to EUR 1,990.0 million (H1 2019: EUR 1,603.6 million). The effects of the COVID-19 pandemic became clearly noticeable in the operational business of the second quarter. As a result, earnings before interest, taxes, depreciation and amortization (EBITDA) fell to EUR -70.8 million (H1 2019: EUR 17.1 million); this corresponds to an EBITDA margin of -3.5 percent (H1 2019: 1.7 percent).

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AI technology is anticipated to have profound implications for the operation of electric transmission and distribution networks  August 12, 2020 – Boulder, Colo. – A new report from Guidehouse Insights examines the current landscape for artificial intelligence (AI) technology solutions for electric transmission and distribution (T&D) network management, providing global market forecasts by region and application through 2029. AI technologies for T&D management can help utilities minimize outages, make mobile workers more effective, improve load planning, manage real-time power quality, perform predictive asset maintenance, and more. In many applications, the superior insights derived from machine and deep learning solutions can reduce costs, improve reliability and service quality, and enhance efficiency throughout the grid. Click to tweet: According to a new report from @WeAreGHInsights, the market for AI-based solutions for T&D network management is estimated at $1.4 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 14.1% to more than $4.4 billion in 2029. “AI technology has profound implications for the operation of T&D networks,” says William Hughes, principal research analyst with Guidehouse Insights. “Utilities will likely become increasingly dependent on AI-based solutions to incorporate distributed energy resources (DER) at an accelerating pace while maintaining acceptable performance

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Santander, 11 August 2020.- BlueSATH floating wind platform has been installed and commissioned in its final deployment site in El Abra del Sardinero (Santander, Spain). The Spanish engineering company Saitec Offshore Technologies has set off towing operation from Astander’s Dock Pontejos, where it was tied up for its set-up, towards its destination 800 meters away off Cantabrian coast. Then, the already-laid mooring lines were retrieved from the seabed and the platform hook-up was accomplished in less than 3 hours. Finally, commissioning offshore has successfully been completed so the turbine is ready to operate. Testing will take place in real sea environment with the deployment of a 1:6 scaled prototype of a 10 MW wind turbine using SATH floating technology, (Swinging Around Twin Hull) an innovative, competitive and cost efficient solution for offshore wind industry which has been validated in several water tank tests since 2014. The location in El Abra del Sardinero has been chosen due to its ideal characteristics to carry out the tests as it offers scaled conditions that perfectly adapted to BlueSATH platform. David Carrascosa, CTO Saitec Offshore Technologies, has commented that this is "the definitive step to test the technology in real conditions". He has also affirmed that

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ArcVera Renewables, a leading international provider of consulting and technical services for wind, solar, and storage projects, has received continued accreditation under recognized International Standard ISO/IEC 17025:2017 from the American Association for Laboratory Accreditation (A2LA) for ArcVera’s wind turbine power performance testing (PPT) services (Certificate Number 5339.01).  A2LA is one of the largest accreditation bodies in the world and is dedicated to the formal recognition of competent testing and calibration laboratories. This accreditation, which certifies the quality of ArcVera’s wind turbine PPT processes and the competence of its quality management system, is another critical milestone for the company.  With A2LA accreditation achieved, ArcVera can now pursue its IECRE accreditation, which the company expects to receive shortly. As well, earlier this year, ArcVera acquired provisional accreditation to test GE wind turbines and is expecting to receive full accreditation pending successful completion of a customer test on GE turbines. “We are proud of our power performance testing development team for achieving this important milestone, which underpins the quality and hard work they have put in.  We now look forward to performing additional tests on GE wind turbines, achieving IECRE accreditation, and offering testing services on other OEMs’ wind turbines,” said John Bosche, President of

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Arnhem, The Netherlands – 11th August 2020 – DNV GL today published a new report outlining how the energy transition can be accelerated through the rapid uptake of renewable energy to limit global warming to 1.5°C. Global experts from across technology, policy, markets and financial disciplines, as well as industry leaders including RES, Equinor and Vestas contributed to the report, outlining their strategies to accelerate the global energy transition and defining what needs to happen to meet the 2050 climate goals under the Paris Agreement. The recent coronavirus crisis has demonstrated the resilience of renewable energy sources, demonstrating the maturity of this generation form. By 2050, DNV GL forecasts that 66% of the world’s electricity will be generated from renewable energy sources. Thanks to the continuously decreasing cost of energy for onshore and offshore wind projects, and the availability of lower cost and more efficient solar modules, combined with advanced energy storage solutions, DNV GL predicts another significant rise in renewables deployment this decade. However, although a promising prospect, this will not be enough to meet the Paris Agreement target of keeping global warming well below 2°C by 2050. The report “Transition Faster Together: Renewable solutions, strategies and policies for a clean energy future”,

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A Cornwall Insight and Ionic Consulting report that was commissioned by The Department for the Economy NI was published by the department last week. The report – Future of Renewables in Northern Ireland – provided an assessment of the current state of renewables in Northern Ireland as well as modelling for future renewable scenarios. The commissioned report used extensive research on the outcomes of past policy, the current landscape of electricity in Northern Ireland as well as feedback from various stakeholders including national and local government, regulators and industry bodies. Cornwall Insight developed a high-level model to assess possible outcomes of different renewable electricity targets, including 70%, 55% and 40% by 2030. Key findings Although some onshore wind is likely to be created without subsidy support, it is questionable whether onshore wind would be able to meet renewable electricity targets of 55% or 70%. Therefore route-to-market support will be necessary. Without the development of new generation assets in this decade, Northern Ireland could begin facing serious security of supply issues towards 2030 and beyond. Diversity of technology is an important consideration from the perspective of both grid capacity and security of supply. The ambition of the targets will have a material impact

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Scottish Renewables’ Annual Conference to be held online for first time (Sept 1-3) Speakers from Ofgem, Committee on Climate Change, Scottish Government and National Grid ESO all confirmed – plus many more The green economic recovery from coronavirus and Scotland's net-zero target will be at the heart of discussions at Scottish Renewables’ Annual Conference in September. The event, which will be held in a virtual format for the first time, will take an in-depth look at the policies and public attitudes which underpin the UK’s new energy industry. The event will take place over three days (Sept 1-3) and will feature speakers from business, policy, politics and the sector regulator. Delegates will be able to take advantage of immersive networking experiences, a virtual exhibition hall and professionally-produced, broadcast-quality online sessions. Claire Mack, Chief Executive of Scottish Renewables, said: “We have experienced some unimaginable changes to our way of life in 2020. Climate change also brings deep challenges that needs us to change our behaviour as well as re-thinking how our economy runs for the sake of people across the whole world. Energy will be central to this and decarbonising our electricity, heat and transport supplies at pace is the only way we will be able to

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Malin Newbuild, a Scottish marine engineering company, is partnering in a groundbreaking project to lessen shipping’s environmental impact. Part of the Malin Group, and specialising in delivering complicated multidisciplinary design and build projects, the company is aiming to demonstrate that a vessel fuelled by renewable energy can lead to a revival of civil shipbuilding in Glasgow, Scotland's largest city. The alternative technology, known as FastRig, has been developed by Wiltshire-based Smart Green Shipping who have been in discussions with the Scottish Government and Scottish Enterprise about funding the demonstrator’s construction. This month, the International Maritime Organisation (IMO) revealed that greenhouse gas emissions from shipping rose by 10% between 2012 and 2018, largely due to a surge in the number of ships fuelled by liquefied natural gas. [1] Malin Newbuild director Ben Sharples said: “We believe there is a real opportunity here for Scotland to be at the forefront of rapidly developing innovation. Our work so far on FastRig has convinced us of its potential. “We are currently working with Smart Green Shipping to develop the concept with a view to delivering a full-scale, 40-metre-high test-rig that can be showcased to the world when COP-26, the UN's climate change conference, comes to Glasgow.” Smart Green Shipping’s founder, Diane Gilpin, said: “Shipping is the world’s sixth-biggest emitter of greenhouse gases.  There are 60,000 vessels in the

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