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March 6, 2016updated 29 Jul 2020 9:11pm

February’s top stories: Dong 1.2GW windfarm, Beijing Enterprises to buy EEW Energy

Dong Energy made a final investment decision to begin construction on Hornsea Project One offshore wind project in the UK, Beijing Enterprises Holdings entered an agreement with EQT Infrastructure II to acquire EEW Energy from Waste (EEW). Power-technology.com wraps-up the key headlines from February 2016.

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Dong Energy to start construction on 1.2GW offshore wind project in UK

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Dong Energy took a final investment decision to begin construction on Hornsea Project One offshore wind project in the UK.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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The new project is being developed with a capacity of 1.2GW and will provide electricity to around one million homes in the country.

The wind project is in line with the firm’s strategy of installing 6.5GW by 2020. The firm was awarded a contract for the project in April 2014.

Beijing Enterprises to buy Germany’s EEW Energy from Waste for €1.4bn

Beijing Enterprises Holdings (BEHL) entered an agreement with EQT Infrastructure II (EQT) to acquire German-based EEW Energy from Waste (EEW), for approximately €1.4bn.

Claimed to be one of the largest energy-from-waste firms in the country, EEW operates 18 waste-incineration facilities.

The facilities generate process steam for industrial companies and district heating for residential areas, as well as environmentally compatible electricity for around 700,000 households.

Energinet.dk receives Danish approval to invest in new interconnection to Germany

Energinet.dk received approval from Danish energy, utilities and climate minister Lars Christian Lilleholt to invest in a new interconnection between the Eastern Danish and German electricity grids through the Baltic Sea.

The total budget of the interconnection is approximately €320m.

Any investments in the transmission grid exceeding kr100m ($14.9m) need to be approved by the minister, as per the Danish Act.

EDF Energy to extend life of four nuclear power plants in UK

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EDF Energy unveiled plans to extend the life of four UK nuclear power stations to meet the gap between electricity supply and demand in the country, amid challenging market conditions.

The move will protect jobs of nearly 2,000 permanent staff, as well as 1,000 contractors employed at the power plants.

The life of Heysham 1 and Hartlepool nuclear power stations will be extended by five years to 2024, and Heysham 2 and Torness will be extended by seven years to 2030.

India’s BHEL to sign $1.6bn contract to build power plant in Bangladesh

India’s state-owned company Bharat Heavy Electricals Limited (BHEL) was set sign a contract to build a coal-fired power plant in Bangladesh at an estimated cost of $1.6bn.

BHEL was declared the lowest bidder for the construction of the 1,320MW Maitree super thermal power project in Rampal Upazila of Bagerhat District, Bangladesh.

In February last year, Bangladesh India Friendship Power Company (BIFPCL), a 50:50 joint venture between Indian power generation major NTPC and Bangladesh Power Development Board (BPDB), invited bids for the coal-fired thermal power plant.

China’s Kaidi plans €1bn biofuel refinery in Kemi, Finland

China’s bioenergy giant Kaidi unveiled plans to construct a second-generation €1bn biofuel refinery in Ajos, Kemi, Finland.

Scheduled to be operational by 2019, the refinery is expected to generate 200,000t of biofuels per year, of which 75% will be used as biodiesel and 25% as biogasoline.

The second-generation biomass plant will use wood-based feedstock, such as energy wood, harvesting leftovers and remaining barks procured from the forest industry, to generate fuel.

Duke Energy to break ground on 1,640MW natural gas plant in US

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Duke Energy started construction on the new 1,640MW combined-cycle natural gas plant in the US state of Florida on 2 March.

Upon completion, the plant is said to become the second largest generator for Duke Energy Florida, after the 1,912MW Hines Energy Complex near Bartow.

Phase I and phase II of the project, with an installed capacity of 820MW each, will become operational in spring 2018 and December 2018 respectively.

ScottishPower to begin construction on £2.5bn East Anglia ONE offshore windfarm

ScottishPower Renewables made a final investment decision to go ahead with the construction of £2.5bn East Anglia ONE Offshore windfarm off the Suffolk Coast.

The project is in line with the company’s strategy to meet the government’s cost reduction targets.

East Anglia ONE is expected to start services in 2020 and is the first of four wind farms that ScottishPower is planning to build off the east coast.

Didcot A power station in UK collapses

One person was killed and at least four were injured after the collapse of a former boiler house at Didcot A power station in Oxfordshire, UK.

A search-and-rescue (SAR) operation has been initiated to find three people, who are currently missing and unaccounted for.

The accident occurred on 23 February while the building was being prepared for demolition and an external demolition contractor was working in it.

Siemens awarded contract to supply convertor stations to Denmark and Holland

Siemens was awarded a contract by the power grid service provider Danish Energinet.dk and its Dutch counterpart TenneT TSO, to supply a power link between the Dutch and Danish grids.

The estimated worth of Siemen’s share in the contract is €170m and the project is expected to commence at the beginning of 2019.

Siemens will provide two 700MW direct-current (HVDC) converter stations or a DC voltage of ±320kV at both sides of the DC power line, which will be routed as a subsea cable through the North Sea.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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