The Briefing on Power
The latest news, trends and data from the power industry
power in numbers
Renewable energy in Brazil is expected to reach 61GW by 2030 according to a new report by GlobalData, thanks to a compound annual growth of 6%.
The Indian Government has announced that it will need $330bn worth of investment in renewables to meet its goal of 500GW or 40% of total capacity by 2030.
First time ever
For the first time ever, more power was generated by renewables in the US than by coal, with 23% coming from renewables and only 20% coming from coal in April.
The IAEA has confirmed that Iran has exceeded its limit of low-enriched uranium thereby breaking the joint comprehensive plan of action (JCPOA), created by Iran and the P5+1 group of world leaders in 2015. Better known as the Iran nuclear deal, this set a cap of 300kg on the countries stockpile of nuclear fuel.
GE has confirmed that its Haliade X offshore wind turbine will be tested in the UK. The turbine has 107m long blades, the longest ever made.
in the news:
top projects kicking off this month
Dominion Energy begins construction of CVOW project
US company Dominion Energy has started construction on the Coastal Virginia Offshore Wind (CVOW) project, the first windpower facility in US federal waters. Two 6MW turbines will be built nearly 27 miles off Virginia Beach coast and will power 3,000 homes.
EGP RSA begins construction of Garob windfarm
Enel Green Power’s (EGP) South African subsidiary EGP RSA has commenced construction on the 140MW Garob windfarm near Copperton in South Africa’s Northern Cape province. It is the group’s fifth wind project in the country and will involve an investment of more than €200m. The windfarm is expected to become operational in the first half of 2021, generating around 573GWh per year.
Inter Gen begins operation at Spalding Energy Expansion
UK-based InterGen has achieved commercial operation at its 300MW natural gas-fired Spalding Energy Expansion project in Spalding, Lincolnshire. Construction of the £100m project began in March 2018 and was carried out in partnership with Siemens, Atlantic Projects and Darke Engineering.
Mergers and acquisitions:
this month’s top power deals
Lightsource BP acquires Enerlife solar projects
London-based solar energy developer Lightsource BP has announced the acquisition of approximately 2GW of greenfield solar projects from Enerlife, an independent renewables developer in Brazil, for an undisclosed amount.
TRIG acquires stake in French onshore wind farms
UK-based The Renewables Infrastructure Group (TRIG) has acquired stakes in French onshore windfarms, with a total capacity of 123.8MW. This increase its French wind portfolio proportion from 10% to 13% and bring TRIG’s net generating capacity to 1,509MW.
CC&L aquires a majority stake in Bremner Trio Hydro
Canadian investment company Connor, Clark & Lunn Infrastructure (CC&L Infrastructure), has acquired a majority interest in Bremner Trio Hydro. This will add two hydropower plants, the 27MW Trio Creek and 23MW Bremner Creek, which have a combined expected energy output of approximately 150GWh per year.
Petronas Sells its stake in Dragon LNG
Petronas, Malaysia’s state energy company, has sold its 50% stake in Britain’s Dragon liquefied natural gas terminal at the Milford Haven port in Wales to infrastructure investor manager Ancala. It will retain its regasification capacity however, which has an annual capacity of 2.2 million tonnes a year.
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