11.04.2017| PV Tech
Enel announced Monday that it has closed an agreement to acquire Bungala Solar One — the 137.5MW phase of the 275 MW Bungala Solar PV project — from Bungala Solar Holding Pty Ltd., a subsidiary of Australian developer Reach Solar Energy Pty Ltd.
The project is currently tabbed as the largest ready-to-build solar project in Australia
The joint venture’s total investment in the 275MW installation is around US$315 million dollars — which entails project construction, with Enel providing around US$157 million dollars.
Construction at Bungala Solar One is expected to begin by mid-2017, followed by Bungala Solar Two — with construction slated to start by the end of 2017. The total installation is expected to be completed and operational by the third quarter of 2018.
11.04.2017|Il Sole 24 Ore
State controlled oil and gas group Eni has officially confirmed a more than €2 billion investment plan from now until 2020 aimed at increasing upstream activities in north/central Adriatic. Their goal is to get back to producing 120,000 BOE (barrels of oil equivalent) per day, more than double their current amount of 53,000 BOE.
Yet upstream has a chance to reassume a role as a key factor in the growth of the local economy, the national economy (as a way of weaning Italy off its dependence on foreign fuels,) and Eni itself.
This scenario aims to create complete environmental sustainability and enormous technological innovations: one of the program’s main points is the drastically-reduced impact on the environment, thanks to mainly using already-existing installations and structures, as well as dismantling certain assets that no longer work within the plan to relaunch offshore activities. Eni will strive to begin decommissioning activities in Ravenna, and will work alongside all of the specialized organizations.
Dubai Electricity and Water Authority (Dewa) has unveiled plans to build three new 400 kilovolt (kV) substations over the next three years, with an allocated budget of Dh1 billion ($272 million).
The three substations will be added to Dewa’s already existing 21 substations, said a statement.
Dewa’s total production capacity reached 10,000 megawatts (MW) during 2016, while the peak demand for electricity was recorded at 7,982 MW, compared to 7,696 MW in 2015, reflecting a growth of 4 per cent. The three 400 kV substations will greatly contribute to Dewa’s efforts to meet the increasing demand for water and electricity in Dubai.
“We have allocated a total investment of Dh65 billion towards Dubai’s energy sector over the next five years, which will play a major role in supporting the growth of a green economy, and enhancing the UAE’s level of competitiveness in energy efficiency, and energy technologies,” said Saeed Mohammed Al Tayer, managing director and CEO of Dewa.
Italy’s Rosetti Marino has won a key Engineering, Procurement and Construction contract from Qatargas covering a new offshore living quarters platforms for its North Field Bravo facility off Qatar.
Sources close to the tender process told that Qatargas recently confirmed the much-delayed award to Rosetti and a formal contract is expected to be signed later this month.
They did not confirm the contract value, tough one source suggested the job could be worth between $100 million and $110 million.
ABB has won an order worth approx. €270 million from the UK grid operator National Grid and Réseau de Transport d’Electricité (RTE), the French network owner and operator, to provide key HVDC (high-voltage direct current) technology that will help interconnect the electricity networks of France and the UK.
With a capacity of 1,000 megawatts, the link will run from Chilling, Hampshire, on the southern coast of England to Tourbe in northern France, covering a distance of 240 kilometers across the English Channel. ABB will provide the two high-voltage direct current HVDC Light® converter stations, to be located in France and England, which will be linked with a subsea cable.