Energy investment rebounded 10% worldwide so far in 2021, making up most of what it lost last year due to the pandemic, the International Energy Agency (IEA) finds. By the end of the 2020s, however, capital spending on clean energy projects needs to surge sevenfold to above $1 trillion to reach Net-Zero emissions by 2050.
Mitsubishi Power Aero and its Mexican arm have installed and commissioned five FT8 MOBILEPAC aero-derivative dual-fuel gas turbines (30 MW each) for CFEnergia. It took just 145 days from Request for Proposals (RFP) to start-up, and the 150 MW plant is ready in time to deliver critical power for the peak summer season.
Russia’s gas giant Gazprom has built 260 km of a feeder pipeline between the huge Chayandinskoye field in Yakutia and the ‘Power of Siberia’ interconnector to China. Eager to boost exports, Gazprom is also building a link to connect the Kovyktinskoye field to the Power of Siberia pipeline in late 2022.
MHI Compressor International (MCO-I) will deliver and install four compressors and two steam turbines in the second quarter of 2022 to help expand Koch Fertilizer’s ammonia production facility in Fort Dodge, Iowa. Koch freed up $140 million to modernise its Fort Dodge plant and boost ammonia production capacity by 85,000 tons per year.
Pipe-laying works for Nord Stream-2 continue until the end of September for the final stretch from Bornholm Island up to the German border. The Danish maritime authority confirmed works are being carried out by the Russian-flagged Akademik Cherskiy pipe-laying vessel and fellow ship Fortuna. Sea-trials will follow to scrutinize the pipeline before start-up.