Your browser is not supported. Please update it.

19 May 2022

Renewables orders this week

British power generator Drax has applied to build a new £500 million pumped storage hydro power station at its existing Cruachan hydro plant in Scotland, UK. The 600 MW project should be approved within the year, with its underground construction beginning in 2024 at completed by 2030.

 

BP has announced plans to develop a 500 MW electrolysis plant to decarbonize its oil refining at a facility in Rotterdam in the Netherlands. The move comes as the company confirms that it will bid for the 1.4 GW Hollandse Kust West offshore wind development zones, which would likely provide power to the proposed green hydrogen production project.

Renexia has commissioned its 30 MW Beleolico offshore wind project in Italy, which features 10 turbines from Chinese manufacturer MingYang.

 

Corio Generation has entered into a joint venture with Ontario Teachers’ Pension Plan Board to fund the development of up to 9 GW of offshore wind projects. With an initial investment of $1 billion, the initial portfolio will consist of 14 fixed bottom and floating projects in South Korea, Taiwan, Japan, Ireland and the UK, all of which are under development by Corio.

VSB Holding will develop a 170 MW wind and solar project in the Lower Silesian region of Poland, which should be ready for construction by the end of 2023.

Octopus Energy has signed a deal with Xlinks, which could the development of a 3.6 GW interconnector to transport Moroccan solar power to customers in the UK. Financial details were not disclosed, although the pair will explore the use of Octopus’s proprietary KrakenFlex platform to help manage the use of the imported power. Xlinks is currently undertaking assessments of its plans to lay four 3,800 kilometer-long subsea cables to connect a huge renewable energy farm in the Moroccan desert with Devon in South West England. The aim would be for the project to be operational from 2027, delivering clean power at a cost of £48 per MWh.

RWE has joined the list of companies bidding for rights to develop the two Hollandse Kust West offshore wind leases in the Netherlands, which could each provide over 760 MW of capacity.

Greencoat UK Wind will acquire a 12.5% stake in the 1,200 MW Hornsea 1 offshore wind farm in the UK from Global Infrastructure Partners (GIP), for approximately £400 million. The deal is expected to be complete in Q3 2022, with the project having been in operation since December 2019.

Orsted will acquire the 121 MW Ford County wind farm in Illinois, USA, for an undisclosed price from Ares Management Corporation. The project reached commercial operation in March this year.

Bagnall Energy, a subsidiary of Downing, will acquire the 30 MW Konttisuo wind farm in Finland once the project enters operations in Q2 2022.

Cero Generation has closed financing for a 70 MW agrivoltaic project in Italy.

Hanwha Q Cells intends to expand its US manufacturing capacity from 1.7 GW to 3.1 GW by 2023, with a $170 million investment, with another $150 million going to expand its South Korea factory from 4.5 GW to 5.4 GW, bringing the company’s total cell capacity to 10.9 GW and module to 13.8 GW.

An EPC contract bidding announcement has been made regarding a 400 MW solar powered green hydrogen plant in Ordos Narisong, China.

State Power Investment Corporation (SPIC) has begun construction on a 20 GW lead-carbon battery factory in Baicheng, Jilin Province.

DESRI has commissioned two 99 MWac solar plants, Dressor Plains and Prairie State, in the US state of Illinois.

Developer Green Genius will invest $789 million into 500 MW of solar and 200 MW of wind in Lithuania, to be commissioned by 2025.

Guanxi Lingyun County and CGN New Energy Investment have agreed to develop a 100 MW distributed solar and energy storage project across several townships in China’s Guangxi Province.

Lightsource BP has entered East Asia with the 150 MW Budai solar-fishery project in Taiwan, having announced opening of offices in that country as well as Vietnam and Singapore in February. The project will be commissioned by June 2023.

Rays Power Experts has announced it will build a 9,000 acre solar park in Bikaner, Rajasthan, India, which will house up to 3 GW of solar capacity, having arranged approvals and transmission agreements for developers ahead of time.

LONGi is to build a 20 GW module factory in Wuhu, Anhui Province, China, with one phase finalized in Q2 2022 and the other in Q2 2024.

Solar glass maker Alliaverre is to produce solar glass in France, moving 600 MW of its production capacity shifting to Amiens. The company has mostly manufactured in South Asia, and cites the tenfold increase in shipping costs, along with 10 to 12 week wait times, for the shift.