Austria-based INNIO, the maker of Jenbacher gas engines, and Clarke Energy have agreed to extend the latter’s distribution territory to Indonesia, focusing on Independent Power Producers (IPP) and Merchant Power Producers (MPP). From 2022, Clarke can offer Jenbacher gas engines with a “Ready for H2” option that can be converted to run fully on hydrogen.
Wärtsilä and Gabon Power Company (GPC) have signed a concession agreement with the Government to develop, supply, build and operate a 120 MW gas power plant at Owendo. The Finish manufacturer will build the plant under a full EPC contract and run it for 15 years starting from 2022.
New Fortress Energy (NFE) has chartered the floating storage and regasification unit (FRSU) ‘Höegh Gallant’ from New York-listed Höegh LNG Partners for a period of 10 years from the fourth quarter of 2021. The FSRU will be deployed to Jamaica, where NFE owns and operates an LNG regas terminal with adjacent gas-fired power plant.
A tight-fought general election in Germany has resulted in a thin victory for the Social Democrats while the long-ruling Conservatives suffered a historic loss. Both parties now strive to form a coalition with the Green Party, which recorded its best result ever and the pro-business Free Democrats. A hot topic of the novelty three-party government will be the energy transition and climate change.
The cost of shielding customers of failing UK energy providers could lead to a substantial rise in power and gas bills, energy regulator Ofgem warns. The Government is preparing to offer loans to larger utilities to make them take on stranded customers from bankrupt firms like Bulb, Arvro and Octopus.
German state secretary for environment, Jochen Flasbarth, has urged wealthy nations to do more on climate finance and proposed a plan to mobilise $100 billion per year between 2020 and 2025 for “climate action” projects in developing countries. The plan is meant to be finalised prior to the UN climate change conference COP26 in Glasgow in November.
US energy firm New Fortress Energy (NFE) has signed an agreement to invest in Sri Lanka’s first integrated LNG-to-power project. NFE confirmed it will take a stake in West Coast Power (WCP), the owner of a 310 MW Yugadanavi power plant in the Sri Lankan capital Colombo and developer of a nearby LNG regas terminal.
Jenbach-based INNIO has published its inaugural Sustainability Report, outlining its environmental, social, and governance (ESG) performance in 2020. In focus are digitalization and hydrogen technologies, as showcased in INNIO’s recently commissioned first engine in the 1 MW-range that runs on a variety of hydrogen-natural gas mixtures, or on 100% green hydrogen.
Surging energy prices in Germany are hitting industry and household customers, but the economy ministry does not intend to intervene at this point. Nord Stream 2 will bring some respite, though the start-up date of the Russian gas interconnector has been pushed back from October to the end of 2021.
Siemens Energy and consortium partner Sumitomo Electric have signed a contract with Greenlink Interconnector to deliver high-voltage direct current (HVDC) converters for the 190km UK-Ireland interconnector. Works for the bi-directional 500 MW power link will begin at the start of 2020.
Fast-rising gas prices at the UK National Balancing Point (NBP) are causing a wave of bankruptcies. Bulb, Britain's sixth largest energy company, is seeking a bailout and Government promised to intervene by offering state-backed loans to surviving energy firms to ensure stable supply to end-customers this winter.
Traded natural gas prices at Europe’s main hubs, the British NBP and the Dutch TTF, have reached record levels. The UK NBP price for the end of the summer season has risen more than four-fold in six months to the equivalent of $25.95 per million British termal units (MMBtu) on September 21, while TTF prices soared to the equivalent of $25.80 per MMBtu the same day.
Virginia-based AES has acquired the remaining half of its LNG-fuelled power station in Panama from Inversiones Bahia. The purchase of a 49.9% stake in AES Colón gives the American multi-national utility full control over the 381 MW combined-cycle gas power unit and the adjacent LNG regas terminal with 180,000 cbm storage at the Atlantic seaport town.
MAN Energy Solutions is forging ahead with installing the world’s first ETES (Electro-Thermal Energy Storage) heat-pump for multi-utility company, DIN Forsyning. Once completed, the power plant will supply climate-neutral district heating to 25,000 households in the Danish port town of Esbjerg.