Projects & Finance

Verbund, Austria's largest power company, is in the process of commissioning its 832 MW gas-fired power plant in Mellach. Full commercial operations at the plant will start in the coming weeks.

AES Corporation, a Fortune 200 global power company, is divesting power plant assets with a combined capacity of 2,700 MW in Spain and New Jersey, U.S. Aggregate proceeds from the agreed sale of its 100% interest in the Red Oak and Ironwood plants and its 80% interest in the Cartagena CCGT are estimated to total $463 million, it said.

With more Russian industries turning to on-site power technologies to reduce their operational costs and increase their energy security, GE Energy sees an increasing demand for its Jenbacher cogeneration units.

China's largest landfill gas (LFG) power generation project, the Laogang LFG facility, will be powered by ecomagination-qualified Jenbacher gas engines. Seven of GE's Jenbacher J420 gas engines with a capacity of 10 MW each, will supply electricity to the new Laogang LFG facility located in Shanghai, GE Energy said.

Investment in new combined heat and power (CHP) projects in Spain has become uneconomic following the decision of the Spanish government to abandon the cogeneration tariff, Peter Ward, sales manager at Centrax Gas Turbines told Gas-to-Power Journal.

PREdistribuce, the Czech electricity distribution network operator, has selected Siemens to implement a Smart Grid as a network control system  to stabilise electricity supply in Prague's power grid. Siemens said it will implement the latest software version of the Spectrum Power network control system over the next three years.

GE has implemented a new maintenance strategy, including modular replacement of gas turbines, at the Qatargas liquefied natural gas (LNG) plant in Ras Laffan Industrial City with the aim of reducing downtime.

Toshiba Corporation, a developer of power systems, has negotiated U.S. dollar-denominated loans totaling approximately US$1 billion to counter yen appreciation. The Tokyo-based company said it will receive some $600 million from the government fund and $400 million from Japanese private banks.

Schmack Biogas, a German suppliers of biogas technologies, is close to finalising construction works of a 2.85 MW biogas-to-energy plant Tongere, Belgium. "We plan to get the plant ready to start full commercial operations in the second half of this year," Schmack Biogas sales representative, Gernot Buchta, told Gas-to-Power Journal.

Changfeng Energy Inc., a natural gas service provider in China, will launch of a Gas & Electricity Exchange Program on February 20, 2012 with the aim of getting an additional gas quota of about 5 million cubic meters until 2015 for its operation in Sanya City.

Advanced Power, a developer and project financier of independent power plants, said today it will close its Hamburg office following the decision cease the development of its 1,200 MW combined cycle gas turbine (CCGT) power plant project in Wustermark, Germany. The development of a gas-fired power plant project in Bocholt will be managed from London.

Siemens Energy has won an order to supply a SST-400 steam turbine generator for a waste-to-energy plant equipped with combined power and heat generation (CHP) in Plymonth, England.

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News in Brief

Oman inaugurates 500 MW solar plant

Jan 26 – ACWA Power has inaugurated Ibri 2, an $417 million solar power plant with a capacity of 500 MW. The large IPP will sell solar power to Oman’s national grid over a 15-year period, backed up by flexible gas power plants.

GenCell raises funds

Jan 24 – Israel-based fuel cell maker GenCell Energy has raised $35.9 million in its latest funding round. CEO Rami Reshef said the fresh capital will accelerate developments in the field of green ammonia, pursued with TDK, as well as charging stations for electric vehicles.

German utilities invest record amounts

Jan 21 – Energy companies in Germany invested a record €20.5 billion in 2021, and the industry association BDEW expects capital expenditure will stay high throughout 2022. Out of the total sum, €4.3 billion were invested in electricity generation plants, €9.9 billion in transmission and distribution plants and €1.2 billion in other assets, such as metering points and information technology.

H2-powered plant for French Guiana

Jan 20 – Siemens Energy will set up a hybrid plant to supply stable baseload electricity to 10,000 households in French Guiana. An intelligent combination of 55 MW photovoltaics, an electrolyser to produce green hydrogen, fuel cells and energy storage is scheduled to be commissioned in the autumn of 2023.

Decarbonising UK homes

Jan 19 – Just 9 million hot water cylinders are currently installed in British homes, leaving a gap of 18 million homes whose heating would need to be decarbonised for the UK to meet Net Zero. According to the trade body HWA, the political focus of decarbonising heating has been solely on the heat source; such as boilers and heat pumps – while little to no focus has been on hot water cylinder. This gap in in government policy, which could result in unnecessary costs to consumers.

Cresta to fund Lapis Energy’s CCS projects

Jan 18 – Texas-based Cresta Fund Management has agreed to finance Lapis Energy’s CCS and clean hydrogen projects. The two partners are now looking to identify, design and develop projects for the permanent sequestration of CO2, targeting customers within the heavy industry and petrochemical companies.

GE to repower Long Lake plant

Jan 17 – GE will modernize four generors at the Long Lake hydropower plant in northwest US, operated by Avista Utilities. Once refurbished, the plant will have an installed capacity of more than 100 MW. The first modernized Long Lake unit is scheduled to go into operation at the end of 2024 and the last one in 2029

mtu to power Romania’s largest data center

Jan 14 – mtu Series 4000 gas generators will provide electricity heat and cooling for Romania’s largest data center. ClusterPower is building a 273,000-squaremetre technology campus near Craiova by 2025, where it will host five data centers with a Power Usage Effectiveness (PUE) of 1.1

Green hydrogen from Quebec

Jan 13 – Charbone has agreed to provide the US propane distributer Superior with green hydrogen from its Sorel-Tracy facility in Quebec, Canada, starting from the third quarter of 2022. The hydrogen will be delivered directly from Charbone’s H2 plant to Superior’s customers which include mining, power generation, transportation and industrial energy users. 

Cresta to fund Lapis Energy’s CCS projects

Jan 12 – Texas-based Cresta Fund Management has agreed to finance Lapis Energy’s CCS and clean hydrogen projects. The two partners are now looking to identify, design and develop project for the permanent sequestration of CO2, targeting customers within the heavy industry and petrochemical companies.

US rivals Australia as world’s largest LNG exporter

Jan 11 – Analysts at the US Energy Information Administration (EIA) are confident that the growth in US LNG exports could see America’s liquefaction and send-out capacity exceed that of Australia and Qatar – the world’s two largest LNG exporters. Looking ahead, the EIA expects US exports of the super-chilled gas will rise 17% from 2021 levels to average 11.1 Bcf/d from December through March.

Africa’s first FLNG plant arrives in Mozambique

Jan 10 – Coral Sul FLNG, Africa’s first-ever floating LNG facility has arrived in Mozambican waters. The plant is critical to develop the US$7 billion Coral South project, led by the Italian oil and gas company Eni. Some of the produced gas will be used for power generation in Mozambique, though most will be liquefied and sold to global markets.

GE snaps up Opus One Solutions

Dec 23 – GE Digital has agreed to acquire Opus One Solutions Energy Corp, a Californian software company that helps utilities integrate renewables and Distributed Energy Resources (DERs) at scale across the electric grid. The transaction is expected to close within 30 days, GE stated without disclosing what price was paid for the takeover.

Qatar invests in Rolls-Royce’s nuclear power business

Dec 22 – Qatar Investment Authority, the state’s sovereign wealth fund, has agreed to invest £85 million in Rolls-Royce SMR, the company’s new technology for small-scale, low carbon nuclear power. UK business and energy secretary Kwasi Kwarteng called the investment a “clear vote of confidence” in the UK’s nuclear innovation. It follows £210 million Qatari investment in the development in Small Modular Reactors. Now fully funded, Rolls-Royce SMR business also received £490 million through commercial equity and UK Research and Innovation (UKRI) grant funding. 

JERA helps Japanese film producer curb emissions

Dec 20 – Toho, a Japanese film producer and entertainment company, will get support from the country’s largest power producer JERA to reduce CO2 emission from film production. To that end, JERA will supply zero-emissions energy to Toho and draw up a roadmap to decarbonise the media company as a whole.

Tractebel develop concept to store H2 offshore

Dec 17 – Tractebel Overdick and partners have developed an offshore infrastructure and processing facilities concept that relies on the storage of hydrogen (H2) in offshore caverns. The design study outlines a scalable offshore platform for the compression and storage of up to 1.2 million cubic meters of hydrogen.

Ethatec uses CO2-free power to produce ethanol

Dec 15 – ESG Clean Energy has signed a letter of intent (LOI) with Ethatec to use ESG’s patented CO2-free gensets to its ethanol production. Ethatec uses waste from bakeries and pizza factories which is being crushed and then mixed with water and enzymes and heated in a multi-stage mashing process to saccharify the starch. It is then cooled and fed into fermentation tanks, where yeast is added. for alcoholic fermentation of the sugar. After 72 hours, the mixture is fed to a distillation system where ethanol is obtained.