Energy Update
The fund will help small to medium sized enterprises (SMEs) – not just in the South West but also nationwide – access discounted lending and become involved in one of UK’s biggest investment and construction projects.
It is estimated that construction of the multi-billion pound nuclear power station will put £200 million per year into the regional economy at its peak and provide over 25,000 job opportunities.
The ACCC will be used for a new 400kv transmission line across a route length of 169-km on a Power Grid Company of Bangladesh project.
ACCC is also used for reconductoring on existing electric power transmission lines as it can carry twice as much current as a conventional aluminium-conductor steel-reinforced cable (ACSR) cable of the same size and weight.
Shell New Energies announced the acquisition of a majority share in microgrid company GI Energy. This comes on the heels of an investment by Shell in an ice energy storage company and several others.
In April, Shell published its Energy Transition Report detailing its “intent to move in step with society toward a lower-carbon future.”
The firm plans to achieve at least a 50 percent Clean Energy Goal by 2030– through a combination of investments in at least 25 percent renewable energy, and the remaining through energy efficiency.
NOVATEK’s Chairman of the Management Board Leonid Mikhelson noted: “NOVATEK’s long-term development strategy envisages a significant growth in LNG production from the Company’s vast hydrocarbon resource base located on the Yamal and Gydan peninsulas in the Arctic zone of more than 55 million tons per annum by 2030.
The transaction will save customers money over time, while ensuring a continued source of clean energy.
The facilities are Bryson, Franklin and Mission hydro stations in the Nantahala area, and Tuxedo and Gaston Shoals hydro stations in the Green/Broad River Basin.
DEC will purchase all of the energy generated by these facilities for five years through power purchase agreements with Northbrook Energy.
Claimed to be the first of its kind in Europe, the Drax’s BECCS project is expected to contrite to the global efforts to combat climate change as it enables power generation while eliminating production of gases that cause global warning from the atmosphere, the firm said.
Drax plans to invest £400,000 in the proposed project, which could be the first of company’s several pilot schemes to deliver a rapid, lower cost demonstration of BECCS.
The two wind farms will be located near Bahia Blanca city in the Province of Buenos Aires.
The order was placed by Pampa Energía and includes supply and installation of 28 V136-3.45 MW turbines delivered in 3.8 MW Power Optimised Mode for Pampa and De La Bahía wind park that both have a total capacity of 53 MW.
The order also includes 20-year Active Output Management (AOM 5000) service agreement.
Modi said that the commissioning of the Kishanganga hydropower plant is as an important step towards addressing the power requirements of Jammu and Kashmir and other states.
Covered under the Indus Waters Treaty signed by India and Pakistan, the hydropower plant will supply clean electricity to several Indian states, which includes 12% free power to Jammu and Kashmir.
As global crude oil has hit the $80/b mark, the industry is now wondering if there is a magic price that would jump-start the offshore sector which is lagging an otherwise steadily recovering oil patch.
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