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Lekela Power to develop 250MW wind energy project in Egypt

Lekela Power to develop 250MW wind energy project in Egypt

Lekela Power, a joint venture between Irish developer Mainstream Renewable Power and investment firm Actis, has signed an agreement with the government’s transmission company to build a 250MW wind project.

Lekela’s 250MW project will be located in the Gulf of Suez region of northeast Egypt. Lekela will construct the project on a build, own and operate framework.

The private equity investor Actis owns 60% stake in Lekela Power, and the remaining 40% is owned by Irish green energy developer Mainstream Renewable Power.

The planned wind power development is expected to cost around $350m (€326m), according to Daily News Egypt.

The deal represents Lekela Power’s third Egyptian project. Earlier this year the firm signed deals for two more; a wind and a solar power project each having a 50MW capacity.

Lekela Power chief executive officer Chris Antonopoulos said :

“We are delighted to have agreed heads of terms for our third project in Egypt and we look forward to continuing to provide clean, safe, and cost-competitive energy to the Egyptian people through our wind and solar projects.”

The Lekela JV was launched in February 2015 in a $1.9 billion deal (€1.77bn). It is aiming to develop up to 900MW of wind and solar projects in Africa by 2018.

Posted in Clean Tech, Green Energy, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

Canadians grab Rampion share

Canadians grab Rampion share

Canadian energy company Enbridge has acquired a 24.9% interest in the 400MW Rampion offshore wind farm, to be located 13 kilometres off the Sussex coast south of Brighton, England.

Enbridge will become a shareholders in Rampion Offshore Wind Limited, joining existing partners Eon, which will remain the controlling shareholder at 50.1%, and the UK Green Investment Bank.

The project received the final investment decision in May 2015, started construction in September and is expected to be fully operational in 2018.

Eon and Enbridge are already partners in the Magic Valley wind farm in Texas and the Wildcat wind farm in Indiana.

Eon Climate & Renewables chief operating officer Michael Lewis said:

“We are happy to strengthen our partnership with Enbridge as a reliable partner, who shares our approach of combining high class assets and safe operations. The company’s background in North American renewables and pipelines complements the expertise of the existing shareholder group. Our collective experience will help realise the successful construction and operation of the wind farm.”

Posted in Business, Finance, Green Energy, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

Vestas turbine orders rise 50%

Vestas turbine orders rise 50%

Danish wind turbine manufacturer Vestas made a net profit of €206m in the third quarter of 2015, up from €102m a year earlier, as the company saw the value of turbine orders rise by 50%.

Vestas’ firm and unconditional turbine orders tallied 1508MW worth €1.5bn in Q3, up from 1170MW and €1bn a year earlier. The company received turbine orders for 6275MW worth €5.8bn in the first nine months of 2015, a rise from 4290MW and €3.7bn last year.

The company said Q3 sales were exclusively onshore wind turbines, with no offshore orders booked in the quarter.

Vestas’ net profit for the year to date was €387m, up from €198m a year earlier.

In the third quarter of 2015, Vestas generated revenue of €2.12bn – an increase of 17% a year ago. The company said the value of its wind turbine order backlog amounted to €8.2bn as of 30 September.

In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of €8.2bn at the end of September 2015. The combined value of the order backlog and service agreements stood at €16.4bn – an increase of €3bn on a year ago.

The company also announced a €150m share buy-back programme to adjust capital structure and to meet the obligations arising from employee share option programmes or other allocations of shares to employees.

Vestas chief executive Anders Runevad said :

“With greater clarity on deliveries for the remainder of the year and a very solid financial position, we are raising our guidance on revenue, EBIT margin, and free cash flow and initiating a share buy-back programme.”

Posted in Business, Finance, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

Gamesa wins turbine delivery order totalling 200MW of wind power in India

Gamesa wins turbine delivery order totalling 200MW of wind power in India

Spanish manufacturer Gamesa has won a turnkey contract for two 100MW wind power projects in India.

While a 100 MW project in Madhya Pradesh will be commissioned by February 2017, a 100 MW project in Andhra Pradesh will be launched by December 2016.

As a part of this agreement, Gamesa will provide complete turnkey solutions for the dual project which will comprise of supply and erection of 50 units each, a wind turbine, the G97 2.0 MW with an increased hub height of 104m.

While the first 50 will be commissioned at the Amba wind farm in Madhya Pradesh, the remaining will be supplied to the Nimbagallu wind farm in Andhra Pradesh.

The specified Gamesa turbine variant is customised to function in low wind speed sites typical of India.

The Spanish firm has also recently secured a 78MW turbine supply order for a wind power project in New York, US.

The order entitles the company to deliver 37 of its G114-2.1 MW turbines in 2016.

Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

RWE : Zuidwester wind farm demonstrates rapid progress achieved in wind industry

RWE : Zuidwester wind farm demonstrates rapid progress achieved in wind industry

RWE has begun to produce power for the first time at the Zuidwester wind farm in the Netherlands, parts of which are still being built. The total investment is over €150 million.

Fifty turbines installed during the late 1980s and early 1990s are being replaced by large new turbines. Each of the new Zuidwester turbines can generate as much electricity as all 50 turbines of the old wind farm combined.

The electrical energy generated here will be sufficient to supply the equivalent of 80,000 households per year with green electricity.

The new Enercon onshore wind turbines are the largest in the world with a hub height of 135 metres and a capacity of 7.5 megawatts each (90 MW in total).

Rick van Mensvoort, RWE Construction Manager said:

“We started building work here in March 2014. That was followed by the construction of the substation, the laying of the electricity cables and the installation of foundations and towers. Three weeks ago, we were able to install the first wind turbine.”

The Government of the Netherlands intends to increase the share of renewable energies from 5.6% in 2014 to 14% in 2020. The so-called Energy Agreement has set a target of 6,000 megawatts for onshore wind power generation. This represents a more than doubling of the Netherlands’ current onshore wind capacity (approximately 2,500 megawatts).

Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

Floating wind farm to be installed off Peterhead

Floating wind farm to be installed off Peterhead

The Scottish government has approved Statoil plans for the 30MW Hywind 2 floating offshore wind project some 25km off Peterhead.

The Norwegian company was issued with a marine licence to build five Siemens 6MW turbines on spar foundations.

Statoil is due to start onshore works in 2015-16 with offshore construction to follow in 2016-17 with final commissioning before end-2017. It is expected that the farm could power up to 19,900 homes.

The Hywind machines will be attached to the seabed by three-point mooring spread and anchoring system. Power will be exported to an onshore substation.

Statoil vice president for new energy solutions Irene Rummelhoff said:

“Statoil’s objective with developing this pilot park is to demonstrate a commercial, utility-scale floating wind solution, to further increase the global market potential.” Then added :

“We are proud to develop this unique project in Scotland, in a region that has optimal wind conditions, a strong supply chain within oil and gas and supportive public policies.”

The Carbon Trust believes that floating wind concepts have the potential to reduce generating costs to below £100/MWh in commercial deployments, with the leading concepts such as Hywind producing even lower costs of £85-£95MWh.

Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

GeoSea goes XL at Galloper

GeoSea goes XL at Galloper

GeoSea will install its largest-ever monopile foundations at RWE’s 336MW Galloper offshore wind farm in the UK.

The DEME company has been appointed as EPCI contractor for foundations at the 56-turbine project in a deal worth €340m.

Each of the monopiles at Galloper will total more than 1100 tonnes, said GeoSea.

Installation of the substructures is due to kick off at the end of 2016.

Scour protection will be undertaken by Tideway, another part of the DEME group.

RWE is joined by Siemens, the UK Green Investment Bank and Macquarie in a four-way equity split at the wind farm.

Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

Siemens confirms 336-MW Galloper offshore wind order

Siemens confirms 336-MW Galloper offshore wind order

German industrial giant Siemens (FRA:SIE) has confirmed today it has received an order to supply and install 56 units of its 6-MW turbine model at the site of the 336-MW Galloper offshore wind project in UK waters, after attracting three new partners.

The utility made a final investment decision this week with the UK Green Investment Bank, Siemens Financial Services and Macquarie Capital each becoming 25% joint equity partners alongside RWE.

The quartet said the 56-turbine Round 2.5 project off Suffolk would combine their “expertise and experience”.

A consortium of 12 commercial banks and the European Investment Bank provides the £1.5 billion debt facilities (€2.1bn)

VBMS has also been awarded two contracts worth €200m to supply and install export and array cables.

The group has signed a consortium with NKT cables to tackle the supply and installation of two 45km export cables including route preparation, landfall operations, burial, termination and testing.

The second contract is for the supply and installation of 56 inter-array cables, for which the cabling specialist has contracted the UK-based cable supplier JDR.

Onshore construction is due to to kick off next week starting with the substation. The full project is due to commence operations in March 2018 and will power up to 336,000 homes. It will create around 700 jobs during construction and around 90 jobs once operational.

Siemens will supply and install 6MW turbines starting in May 2017 and will also deliver a 15 year maintenance contract.

RWE chief executive Hans Bunting said: “Today’s announcement is the culmination of many months of successful negotiations with our partners and investors and shows that the UK is still a strong market for offshore renewables.”

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Alstom commissions offshore substation for windpark EnBW Baltic 2 in Germany

Alstom commissions offshore substation for windpark EnBW Baltic 2 in Germany

Alstom has commissioned the Alternate Current (AC) offshore substation for Energie Baden-Württemberg (EnBW) in the 288MW Baltic 2 offshore wind power facility in Germany.

Located 32km north to the island of Rügen in the Baltic Sea, the facility was officially commissioned by EnBW towards the end of last month.

Alstom’s high-voltage offshore substation will support energy transmission through a 150kV submarine cable, from the wind turbines to the onshore connection point of the network in Bentwisch.

Under the turnkey contract awarded by EnBW, Alstom was responsible for the technical development, design and supply of the electrical components, platform construction, transport and offshore installation of the substation.

Equipped with 80 Siemens SWT-3.6-120 wind turbines, the plant has the capacity to meet power requirements of around 340,000 households.

Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

Seven Up for Kriegers Flak offshore wind farm

Seven Up for Kriegers Flak offshore wind farm

The Danish Energy Agency (DEA) has prequalified a total of seven companies and consortia to participate in the tender of Denmark’s largest offshore wind farm, the 600MW Kriegers Flak in the Baltic Sea.

The Danish Energy Agency said all but one of the bidders that had made the penultimate cut earlier this month are now in the running for the Baltic Sea project.

Local outfit Dong is facing competition from Scandinavian rivals Vattenfall and a joint venture of Statoil and Eon Denmark.

Danish company European Energy is working with Boralex on its bid :

“We have the highest number of prequalified tenderers ever in Danish wind history. I both hope and believe that the great competition for winning the Kriegers Flak tender will lead to the best possible price for the benefit of Danish electricity consumers”, said the Danish Minister for Energy, Utilities and Climate Lars Christian Lilleholt.

The DEA will implement the tender over the next year. The decision of the winner is expected to be published in December 2016.

Posted in Green Energy, Renewable Energy, Sustainable Energy, Wind, Wind Energy0 Comments

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