Energy Update
A cutting edge energy storage system to support a town with wildly fluctuating electricity needs has been switched on in South Australia.
The royalty sale consists of the sale of AMI’s royalty portfolio, together with new 0.5%, 2.0% and 2.0% net smelter returns royalties on AMI’s Kliyul, Chuchi and Redton exploration properties, respectively.
After the completion of customary conditions to closing, the Royalty Sale is expected to be completed during the second quarter of 2018.
The Kemess Stream comprises the sale of 100% of the silver production from the Kemess project.
The 122MW onshore wind farm project is being planned by Green Power Investment Corporation, a renewable energy operator, in Tsugaru City, Aomori Prefecture. It will be the largest wind farm in Japan and will have 38 wind turbines.
Sumitomo will design, manufacture, and install electrical equipment, including the underground power transmission and distribution lines and the substation equipment.
The Formosa 1 Offshore Wind Farm is owned by Formosa Wind Power, a partnership of Macquarie Capital Group (50%), Ørsted (35%) and Swancor Renewable Energy (15%).
The scope of work includes scour protection and cable installation.
The Formosa 1 Phase 1 Offshore Wind Farm, located 3km off the coast of Miaoli, contains two Siemens 4MW demonstration turbines, the first offshore turbines installed off Taiwan.
Earlier, ABB received two orders from the same company. It will re-use the engineering and solution configuration from its two other production lines in the region.
Aktogay’s processing facilities produce copper in concentrate from a close open-pit mine, helping to meet the growing global demand for copper for infrastructure, e-mobility and consumer industries such as electronics.
MSEDCL supplies electricity about 22 million customers in the state of Maharashtra. The state was declared as a load shedding-free state in December 2012.
Azure Power will sign a 25 year power purchase agreement (PPA) with MSEDCL, at a tariff of INR2.72 ($0.04) per kWh. This project is expected to be commissioned next year.
The agreement is part of the firm’s restructuring plan in response to the US Federal Energy Regulatory Commission’s (FERC) revised policy issued on 15 March 2018.
The policy reversed FERC’s 2005 income tax policy that permitted master limited partnership (MLP) interstate oil and natural gas pipelines to maintain an income tax allowance in cost-of-service rates.
The acquisition is expected to strengthen the Chinese company’s presence in the lithium market.
Under the agreement, Tianqi Lithium has agreed to purchase 62,556,568 “A shares” of Sociedad Química y Minera de Chile (SQM) held by Nutrien for consideration of $65 per share in cash.
The company will be investing €280m for these projects. Enel aims to double its renewable energy capacity in Spain’s Andalusia and Extremadura regions. In these two territories, Enel has an installed renewable capacity of 350MW.
During the course of next year, Enel’s subsidiary will proceed with the construction of new wind farms that will generate 64MW and new solar plants totaling 260MW.
(Fri, 18 May 2018) EIA expects construction of new natural gas pipeline capacity in the United States to continue in 2018, in particular in the northeastern United States. By the end of 2018, if all projects come online by their scheduled service dates, more than 23 billion cubic feet per day (Bcf/d) of takeaway capacity will be online out of the Northeast, up from an estimated 16.7 Bcf/d at the end of 2017 and more than three times the takeaway capacity at the end of 2014.
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