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.
ET Solutions, a subsidiary of ET Energy, announced Wednesday that it has started construction on a 60.9MW solar power project in Jordan for ACWA Power — a Saudi-based independent power producer.
The installation, situated in Mafraq, Jordan — 50km northeast of Amman — was awarded in the second round of the Photovoltaic Procurement program of the Ministry of Energy and Mineral Resources of Jordan.
ACWA Power is the developer and the owner of the installation. Construction on the plant started in March, with completion expected in 10 months.
Fotowatio Renewable Ventures (FRV), a leading global utility-scale solar developer, has signed an agreement with Invenergy, a privately-held company that develops, owns and operates utility-scale renewable energy projects and storage facilities, for the sale of the 65 MWdc La Jacinta solar plant in Uruguay, one of the largest photovoltaic (PV) projects in Latin America.
Rafael Benjumea, CEO of FRV, said: “La Jacinta is a milestone in the development of renewable energy in Latin America. Its success reinforces our credentials, and puts FRV in a favorable position to keep developing sustainable energy projects in the country and the wider Latin American region”.
Matthew Olive, Invenergy’s Vice President of Development and Origination for International Markets, said: “Uruguay is a global leader in renewables, with over 90 percent of their electricity generation coming from renewable energy. We are excited to expand on our presence in the country, and in the coming weeks we also expect to begin commercial operations of Invenergy’s 70 MWdc Campo Palomas wind farm.”
Algeria’s Ministry of Energy will launch a tender for the installation of 4,020 MW of PV capacity by the end of this month or at the latest by early April, according to government-owned news portal Portail Algerien des Energies Renouvelables citing a statement from Mohamed Arkab, the CEO of local gas and energy provider CEEG SpA, a subsidiary of Algerian state-owned electric and gas utility Sonelgaz (National Society for Electricity and Gas).
Arkab said the tender, which will be conducted by CEEG in three 1,350 MW phases, is part of the country’s renewable energy policy issued by the government in 2015.
The tender will enable the construction of several large-scale PV plants in the region of Hautes Plaines (High Plains), which is located in the northern part of the country, and also in southern Algeria.
The projects will be owned and developed by special purpose companies, which will be responsible for financing, EPC works, grid-connection and the sale of power.
Algeria aims to cover 27% of its electricity demand with renewable energy by 2030. The country expects to reach this goal by installing 22 GW of renewable energy power stations, of which 13.5 GW will come from a PV source. Around 3 GW of solar must be installed in the period between 2015 and 2020, while the remaining 10.57 GW is scheduled for the period spanning 2021 to 2030.
Italian solar project developer and inverter manufacturer Enetronica Spa announced it has secured the engineering contract for the construction of two PV plants with a combined capacity of 50 MW in the United States.
The engineering services will be provided by Enertronica Inc, a new subsidiary, which will be based in Delaware and will have two offices in Massachusetts and Nevada. The plants will be installed between 2017 and 2018, the company reported.
The agreement, which is expected to be finalized by the end of this year, is worth approximately $ 500,000. The company said that it will be also involved in the construction of the two plants.
The full EPC contract supply will be provided by the company and its subsidiary specializing in the production of solar inverters Elettronica Santerno, whose U.S. unit Santerno Inc. has been active in the country for several years.
ExxonMobil Corp. and Eni SPA have signed a sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25% indirect interest in the natural gas-rich Area 4 block offshore Mozambique.
Eni currently holds a 50% indirect share in the block through a 71.4% stake in Eni East Africa, which owns 70% of the Area 4 concession.
The agreed terms include a cash price of about $2.8 billion. The acquisition will be completed following satisfaction of a number of conditions precedent, including clearance from Mozambican and other regulatory authorities.
Eni will continue to lead the 3.3 million-tonne/year Coral floating LNG project as well as a 10 million-tpy onshore liquefaction joint venture in Area 4, while ExxonMobil will lead the construction and operation of natural gas liquefaction facilities onshore.
Following completion of the transaction, Eni East Africa SPA will be co-owned by Eni 35.7%, ExxonMobil 35.7%, and China National Petroleum Corp. 28.6%. The remaining interests in Area 4 are held by Empresa Nacional de Hidrocarbonetos de Mozambique EP, Korea Gas Corp., and Galp Energia, each with 10% interest.