Deals & Finance

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Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

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Clean Energy: Most Competitive Source of New Power Generation in the Middle East

Renewable energy is the most competitive form of power generation in GCC countries, according to a new report published by the International Renewable Energy Agency (IRENA). It says that achieving stated 2030 targets brings significant economic benefits to the region including the creation of more than 220 000 new jobs whilst saving over 354 million barrels of oil equivalent (MBOE) in regional power sectors. Furthermore, the power sector’s CO2 emissions can be reduced by 136 million tonnes (22%), while water withdrawals in the power sector can be cut by 11.5 trillion litres (17% reduction) in 2020.

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Senvion Consolidates With Bhuj Wind Farm: Total Order Book In India Exceeds 1GW

Senvion has signed a conditional 300 MW contract with alfanar on the supply and installation of 131 Senvion 2.3M130 turbines for the Bhuj Wind Project. alfanar is one of the leading developers for clean energy in Asia, Africa and Europe. The wind project in Gujarat is part of the Round 5 bidding of Solar Energy Corporation of India Limited – a company of the Ministry of New and Renewable Energy, Government of India.

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Macquarie Capital Reach Financial Closure On Largest PPP Project In Netherlands

Ahead of speaking at the 17th annual Benelux Infrastructure Forum next month in Amsterdam, Macquarie Capital, Ballast Nedam, and DEME have recently announced that they’ve reached financial closure on the largest PPP project ever awarded in the Netherlands. The €1 billion Blankenburg Connection PPP project, which involves the construction of an immersed tunnel under the Rotterdam port waterway, a land tunnel and two junctions, aims to improve road links between Rotterdam and its port. This further establishes the Benelux PPP market as one of the most active and important regions for global infrastructure projects business.

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Europe: Investment In Ports Infrastructure Can Cut Offshore Wind Costs by 5.3%

European ports are set to take on an expanded role in the offshore wind supply chain. By 2030 Europe is expected to have installed 70 GW of offshore wind. This means there will be more than 10,000 turbines in the water. This is equivalent to a build-out rate of 6 GW per year, 20% of which will be repowering existing sites with brand new turbines. Investments of €0.5-€1bn in new port infrastructure could help the offshore wind sector to cut costs by up to 5.3%, according to figures released recently, by the WindEurope Ports Platform in Hamburg.

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Key Industry Players Meet To Discuss Infrastructure Financing In Benelux Region

The Benelux region has been seeing huge developments in the renewable energy and infrastructure industry. The European Investment Bank (EIB) has recently announced that it is supporting Belgian offshore wind projects, as part of the €3.4 billion investment package for renewable energy. In addition, EIB and other key industry players are meeting to discuss financing infrastructure in the region at the 17th annual Benelux Infrastructure Forum next month in Amsterdam. These include MEAG MUNICH ERGO KAG mbH, EIB, AG Insurance, Macquarie Capital and NN Investment Partners.

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Ørsted Announces Plans For Offshore Wind Farm To Power 1 Million UK Homes

Ørsted, the largest energy company in Denmark has recently unveiled its plans for a sustainable energy solution to power more than 1 million homes in the UK when completed. The company is one of many leading organisations speaking and presenting at the 17th annual Benelux Infrastructure Forum on 21–22 November in Amsterdam. This year’s 2-day conference is the biggest yet, hosting an international gathering of industry leaders from law firms, banks, investment asset and fund managers, energy companies, insurance companies, European Commission, and engineering consultancies.

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MHI Vestas Signs Firm Order for Largest MW Project in Company History

MHI Vestas Offshore Wind will supply 90 of its flagship V164-9.5 MW turbines for the 860 MW Triton Knoll Offshore Wind Farm project; its largest MW project to date. MHI Vestas celebrated the financial close of the deal with innogy, at the site, confirming the project as the largest (MW) in the history of the turbine company. Affirming its strengthening position in the UK offshore wind market, the Danish-Japanese joint venture will supply 90 of the world’s most powerful commercially available turbine, the V164-9.5 MW, and has agreed on a comprehensive 5-year O&M agreement.

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EIB to Bankroll Offshore Wind Projects: Benelux Infrastructure Forum

European Investment Bank (EIB), participants of this year’s Benelux Infrastructure Forum, have recently announced their intention to support the transition towards renewables by bankrolling offshore wind projects. The Benelux region has been seeing huge developments in renewables and related infrastructure. EIB, who are also speaking at this year’s Benelux Infrastructure Forum on 21-22 November in Amsterdam, recently approved financing for an offshore wind project in Belgium, as part of the €3.4 billion investment package for renewable energy, energy efficiency, Near Zero Energy Buildings, hydropower and district heating projects.

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Poland Scores Big: Mercedes-Benz Agrees Europe’s First Automotive Sector PPA

Mercedes-Benz has announced Europe’s first automotive Power Purchase Agreement (PPA) with a Polish wind farm. It is also the first such deal signed in Poland. It will buy electricity generated at the 45MW wind farm to power its manufacturing facility in Jawor, 10km away from the wind farm. The longer-term goal is to source all of its power needs from renewables. Corporate PPA deals like this are expanding rapidly in Europe. There was a 130% increase in the volume of wind energy contracted through such PPAs in 2017 alone.

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Major Role For WorleyParsons’ Advisian On World’s Largest Solar Power Project

Noor Energy 1 has appointed Advisian, the global consulting firm of WorleyParsons, as Owner’s Engineer for the concentrating solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 700MW project will be the largest of its kind in the world and as an Owner’s Engineer, Advisian will protect the owner’s interests by ensuring all contractors are adhering to project specifications. It will also provide a review of the basic and detailed engineering, manage risk and provide technical support during construction & commissioning of the plant.