July's top stories: Gamesa receives Indian wind projects, World Bank to finance India’s solar growth
Gamesa has secured seven new orders in India to supply a total of 460MW of wind turbines, World Bank has agreed to finance more than $1bn in support expansions of solar generation capacity. Power-technology.com wraps up the key headlines from July 2016.
Spanish wind turbine manufacturer Gamesa has secured seven new orders in India to supply a total of 460MW of wind turbines.
The company will deploy a total of 230 turbines, which are specifically designed to optimise performance for low wind speed sites common found in the country. The contracts were signed throughout Q2 of this year.
Gamesa will deliver and install 170 G114-2.0MW class S turbines and 60 of its G97-2.0MW class S, which respectively have a total energy capacity of 340MW and 120MW.
The World Bank Group has signed an agreement with International Solar Alliance (ISA) to finance more than $1bn in support expansions of solar generation capacity.
The projects supported by World Bank include infrastructure for solar parks, rooftop technology, marketing of the latest hybrid technologies, and deploying transmission lines for solar-rich states.
In keeping with its commitment, the World Bank signed an agreement with the Indian Government for the $625m Grid Connected Rooftop Solar Programme.
French power generation company Électricité de France's (EDF) board of directors has approved the final investment decision on building two EPR nuclear reactors at Hinkley Point C (HPC) in Somerset, in south-west England.
The company has given authorisation to ensure the full execution of the project and with the approval, EDF will have to sign the contracts with the British Government, partner company China General Nuclear Power Generation (CGN), and the main suppliers of the project.
However, the project has faced a major setback after the UK Government postponed a final decision on it.
Swedish power company Vattenfall has decided to invest more than £300m for the development of the 92.4MW, 11 turbine Aberdeen offshore windfarm in Scotland.
Vattenfall has agreed to acquire a 25% share of the Aberdeen Renewable Energy Group for an undisclosed sum.
The European power company also intends to own an 100% stake in Aberdeen Offshore WindFarm, which operates the European Offshore Wind Deployment Centre (EOWDC).
The European Bank for Reconstruction and Development (EBRD) is providing a loan of €218m for the modernisation of Korporata Elektroenergjitike Shqiptare (KESH), a state-owned electricity generator of Albania.
KESH caters to 70% of total domestic generation. This loan will be sovereign-guaranteed and offer the power generator long-term financing, which will reduce costs and boost liquidity.
The cash will also enable the firm to free up resources for maintenaning existing assets and undertake a modernisation programme. As part of a comprehensive reform package, the power generator will boost its operational efficiency and undertake development of a power exchange, regional integration, and tariff formation.
US-based renewable energy developer Apex Clean Energy has divested a majority of its ownership stake in a 217MW renewable energy portfolio to the Canadian financial institution Northleaf Capital Partners.
The portfolio includes the 50.4MW Cotton Plains wind plant, the 151.2MW Old Settler facility in Texas, and the 15.4MWAC Phantom Solar facility under construction at the US Army Garrison Fort Hood in Killeen, Texas.
Under the terms of a deal announced in January this year, the US Army through the Defense Logistics Agency will acquire the 50.4MW Cotton Plains wind facility and the 15.4MWAC Phantom Solar plant in a bid to provide electricity to Fort Hood.
Danish wind turbine company Vestas has won a 131MW unconditional order for delivering renewable electricity production tax credit (PTC) qualifying turbine components in the US.
As part of the new order, Vestas will supply qualifying components compatible with a large number of varied turbines across the 2MW and 3MW platforms.
The componants will be manufactured at the company’s Colorado factories in the US, with delivery expected to commence in Q4 of this year.
The European Investment Bank (EIB) has signed a €100m guarantee agreement with German bank Landesbank Saar (SaarLB) for investments in the renewable energy sector.
Under the terms of the agreement, the EIB will cover up to 50% of the risk on ten existing SaarLB loans for both wind and solar projects in France.
EIB's France and Germany operations vice-president Ambroise Fayolle said: “We have for many years been working very closely and constructively with SaarLB to put together loans in the renewable energies field.”
Spanish manufacturing company Gamesa has secured a new order to supply 298MW turbines at the El Cabo wind complex in New Mexico, US.
The new complex is being built by Avangrid Renewables, which is a part of the Spanish public multinational electric utility company Iberdrola.
The order involves supply of 142 G114-2.1 MW turbines, with delivery expected to commence in March next year. The turbines are will be commissioned in June of the same year.
The UK’s Energy Institute (EI) has hosted a roundtable discussion with POWERful Women (PfW) organisation to discuss issues faced by women working in the global energy sector.
'The importance of women in energy' discussion was co-chaired by the US Energy Deputy Secretary Dr Elizabeth Sherwood-Randall and EI's chief executive Louise Kingham.
The event has brought into notice some of the serious challenges faced by women and the measures taken to create a congenial environment.