Projects & Finance

Siemens Energy has been contracted by Terna to supply a HL-class gas turbine to Greece for the first time. Installed in 1x1 configuration, it will power a new 788 MW combined-cycle unit in Komotini, northeast Greece, reducing emissions by up to 3.7 million tons per year compared to a coal power plant.

GE Digital has been awarded a $28.7 million contract from the Bahrain Electricity & Water Authority (EWA) to modernize the kingdom’s electricity networks. A variety of GE’s grid software will be installed in a control center to digitalize flows for increased efficiency and operations redundancy.

Four mayor Saudi energy companies – Aramco, Air Products, ACWA Power and Air Products Qudra – have signed definitive agreements to acquire and project finance a $12 billion air separation unit (ASU)/gasification/power joint venture. At the heart of the project, built at Jazan refinery, is an integrated gasification combined-cycle (IGCC) power plant.

Japan’s largest LNG importer JERA has acquired 27% of the outstanding shares of Aboitiz Power, one of the biggest utilities in the Philippines for $1.58 billion. The deal will expand JERA’s presence in the country and is hoped to advance the rollout of zero-carbon energy sources, including 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.

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.

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.

US-based 8 Rivers Capital has teamed up with Navigator Terminals to enter the UK market for handling and storing carbon dioxide, hydrogen and ammonia. Their pilot projectis the Whitetail 300 MW ‘Net Zero’ power station at Teeside (NET), where nearly all air emissions will be eliminated while CO2 will be captured and stored offshore.

Japan’s largest utility JERA, along with Mitsui and partners, has agreed to sell its entire stake in the Mexican utility MT Falcon Holdings to the British investment fund Actis GP for an undisclosed sum. JERA holds 20% in MT Falcon which runs five combined-cycle power plants (2.2 GW combined).

MAN Energy Solutions has received an order to supply six 18V51/60G engines, along with balance-of-plant equipment, to Lakeland Electric’s new 120 MW engine-driven power plant, to be built on a brownfield site in the city. MAN committed to deliver all equipment by July 2022.

Construction works have started for the Haru Oni project in Puenta Arenas in the Patagonia region of Chile, where Siemens Energy and Porsche are building the world’s first plant for producing CO2-neutral fuel, so-call eFuel. Based on power-to-X technologies, the pilot plant is expected to produce around 130,000 litres of eFuels in 2022.

Siemens Energy has been selected by Aker Solutions to supply equipment to electrify the semi-submersibles for the giant Troll oil and gas field. Field operator Equinor estimates that reducing the electricity use from gas turbines on Troll B and C facilities will reduce annual CO2 emissions by 500,000 tonnes, or 1% of Norway’s total emissions.

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News in Brief

CCUS market to reach nearly $3bn in 2025

Oct 25 – The global carbon capture, utilization, and storage (CCUS) market will grow from $1.30 billion in 2020 to $1.46 billion in 2021, according to ResearchAndMarket estimates. The rebound comes as companies return to normal operations and sales, after a pandemic-related slowdown. Analysts expect the market will keep growing at a rate of nearly 20% annually to reach $2.97 billion by 2025.

SDG&E accelerates drive towards Net Zero by 2045

Oct 20 – San Diego Gas & Electric Company (SDG&E) has set a new sustainability strategy, outlining new and accelerated goals to help meet its pledge to reach net zero greenhouse gas (GHG) emissions by 2045. SDG&E it now seeks to operate a 100% zero emissions vehicle fleet by 2035 – five years earlier than planned.

B&W develops biomass-to-hydrogen plant in Australia

Oct 19 – B&W's Renewable segment and Port Anthony Renewables Ltd have started to develop a biomass-to-hydrogen energy project in Victoria, Australia, based on B&W’s BrightLoop technology. When completed, the plant is expected to be part of the largest green hydrogen hub in south-eastern Australia.

LNG prices rise faster than oil

Oct 18 – Liquefied natural gas and pipeline supplies have experienced an even sharper increase in prices in 2021 than oil, driven by a combination of circumstances that included a strong recovery in demand in North Asia, southeast Asia and Europe, unseasonal weather and planned and unplanned capacity outages.

Wärtsilä shaft gensets to power two LNG carriers

Oct 14 – The Finish technology group Wärtsilä has been awarded a contract to supply four shaft generators to provide electricity take-off from the main engines of two LNG carriers. The ships are being built at the Hyundai Heavy Industries (HHI) shipyard in Korea on behalf of the Capital Gas Ship Management of Greece.

VoltH2 gets green light for large hydrogen plant

Oct 13 – Vision Hydrogen Corp has announced that its affiliate VoltHe has received building and environmental permits to realise its first large-scale hydrogen plant at the Dutch North Sea Port of Vlissingen. The 5 MW hydrogen plant is located near existing high voltage power and gas infrastructure as well as large wind power assets. Once operational, it will produce around 3,500 tons of green hydrogen per year and will be scalable to 100 MW or 14,000 tons.

Tesla overtakes German e-cars

Oct 12 – Sales of Tesla in Germany has overtaken that of leading German carmakers. In September, more electric Tesla Model 3s were registered in the country than leading domestic models, such as the BMW 3 Series, Audi A4 and Mercedes C-Class combined.

EnerMech spends £500k on crane training tech

Oct 11 – EnerMech has invested £500,000 in new crane simulator training systems at its Luanda (Angola), Doha (Qatar) and Great Yarmouth (UK) facilities. The British company recently formed a joint venture with 3t Energy Group to bring the KraneSIM-6000 equipment to both Qatar and Angola and offer in-country training across client organisations globally.  

Germany finances green hydrogen projects abroad

Oct 8 – The German government has agreed to support green hydrogen projects in other countries with up to €350 million by 2024, the economy ministry said when publishing a directive with relevant guidelines. Moreover, financial support is given to projects that produce and process green hydrogen for storage, transport and use in countries outside the EU through investment grants worth up to €15 million each.

UK e-car sales surge 186%

Oct 6 – Sales electric cars in the UK have surged 186% to a total of 108,000 in 2020 during the pandemic, up from just 38,000 in the previous year. Latest statistics show there were nearly 300,000 pure-electric cars on UK roads at the end of August 2021, and more than 600,000 plug-in models if including plug-in hybrids (PHEVs).

FogHorn deploys AI software at Chugoku Electric Power in Japan

Oct 4 – FogHorn, developer of Edge AI software, has deployed its Internet of Things (IoT) software at the Chugoku Electric Power hydroelectric power plant. The AI solutions will make the power gen process more efficient and enhances workplace safety. Chugoku Electric Power employs nearly 9,200 workers across 114 power units in the western part of Honshū, the largest island of Japan.

Rolls-Royce supplies MTU engines for ferry propulsion

Oct 1 – Rolls-Royce's new MT engines, automation system, and MTU Go! tool for remote service have future-proofed the high-speed catamaran Avemar Dos, run by the Spanish operator Balearia. Four MTU 20V1163 M84 units replaced the previous 1163 units, taking the vessel to a "new level of ecological soundness," the manufacturer says.

GES appoints former Puma Energy Chairman as NED

Sept 30 – Global Energy Storage (GES) has appointed the former Puma Energy Chairman, Graham Sharp, as an NED. Graham will support GES on its ‘new energies’ strategy for the energy transition, focusing on hydrogen fuels and hydrogen carriers space.

Aggreko reaches 2 GW of live power gen capacity

Sept 29 – Aggreko has today announced it has reached 2GW of live global gas power capacity and growth in flare gas to power and stranded gas projects. This new record follows a milestone of exceeding 1GW of delivered flare gas power projects in 2020.

Wärtislä renews O&M agreement with Lafarge Africa

Sept 28 – The Finish technology group Wärtsilä has renewed a long-term Operation & Maintenance (O&M) agreement with Lafarge Africa, a large producer of building materials in Nigeria. The agreement covers the 100 MW Lafarge Ewekoro power plant, which provides a dedicated supply of electricity to the company’s concrete and cement manufacturing processes.

Rolls-Royce supplies MTU engines to Sanlorenzo

Sept 27 – Rolls-Royce business unit Power Systems will become one of the leading engine suppliers for Sanlorenzo, delivering MTU 10V, 12V and 16V 2000 yacht engines with a compact IMO 3 solution. A framework contract from 2022 through 2024 has been signed at the Monaco Yacht Show.

Shell exits Permian Basin

Sept 24 – Royal Dutch Shell has sold all its upstream interested in US Permian Basin to ConocoPhillips for $9.5 billion in cash. Shell’s assets in the Permian include around 225,000 net acres with a current production of around 175,000 barrels per day equivalent.

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