Energy Update

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BayWa r.e. renewables subsidiary successfully commissioned its first project in Southern Africa, a combined solar PV plant and battery system in the Zambian province of Chisamba in October.

On November 13, utilities in Massachusetts announced that they would begin to accept bids pursuant to the new “Solar Massachusetts Renewable Target or SMART” program, which seeks to ultimately add up to 1,600 MW of solar capacity.

The call for grid modernization is occurring across the world and utilities are positioned at the forefront of this industry transformation. While some states and countries are moving at a more rapid pace than others, grid modernization is a necessary outcome for utilities to ensure long-term sustainability.

(Fri, 17 Nov 2017) Since 2013, six commercial nuclear reactors in the United States have shut down, and an additional eight reactors have announced plans to retire by 2025. The retirement process for nuclear power plants involves disposing of nuclear waste and decontaminating equipment and facilities to reduce residual radioactivity, making it much more expensive and time consuming than retiring other power plants.

Abu Dhabi National Oil Company (ADNOC), has signed a memorandum of understanding (MoU) with The Linde Group to explore the expansion of nitrogen facilities in Ruwais, Abu Dhabi, to meet future industrial demand.

Orsted A/S, the Danish company built on oil and gas extraction, will issue its first green bonds as it moves toward completing a transition to renewable energy.

(Thu, 16 Nov 2017) EIA projects that growth in global carbon dioxide (CO2) emissions from energy-related sources will slow despite increasing energy consumption. EIA’s <em>International Energy Outlook 2017</em> (IEO2017) Reference case projects that energy-related CO2 emissions will grow 0.6% per year from 2015 to 2040, a slower rate of growth than the 1.8% per year experienced from 1990 to 2015.

(Thu, 16 Nov 2017) EIA hosted a webinar discussing trends in U.S. crude oil production during 2017 and the implications for 2018 and 2019. Presenters included: Artem Abramov (Rystad Energy), Phillip Dunning (Drillinginfo), Harold Hamm (Continental Resources), and John Staub (EIA).

ADES International has been awarded a new contract for its ADMARINE III offshore jack-up rig.

Hengli Petrochemical (Dalian) Refinery will use Callidus advanced flares and low-nitrogen oxides (NOx) burner technology from Honeywell at its refinery and petrochemicals complex in Changxing Island in Dalian City, China.

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