The UK Government has chosen two green hydrogen projects being developed by SSE to advance to the last phase of its Net Zero Hydrogen Fund. The fund’s goal is to support the development and implementation of innovative low-carbon hydrogen production in order to lower investment risk and overall costs. The Department for Energy Security and Net Zero will commence negotiations.
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RWE Clean Energy, Vattenfall, and Waterkant Energy has emerged as winners of the offshore wind tenders in an auction conducted by Bundesnetzagentur, a German federal network agency. As per the notification, the projects are worth $862.2 million and comprises four wind farms aggregating 1.8 GW in the North Sea of Germany. The federal maritime and hydrographic agency, Bundesamt für Seeschifffahrt und Hydrographie (BSH).
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The fourth phase of the UK governments Contracts for Difference (CfD) scheme is perhaps the most successful so far, procuring around 11 GW across a variety of clean technologies. The largest capacity of over 7 GW has been acquired from new offshore wind projects off the coast of Great Britain. For the first time, new technologies such as tidal streams and floating offshore wind projects were successful in the fourth round.
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A 525 MW portfolio of renewable energy projects in Croatia will be purchased and jointly developed by Israel-based Enlight Renewable Energy for an undisclosed amount. The portfolio of renewable projects consists of a 139 MW wind project and four solar projects with a cumulative capacity of 386 MW. The projects are currently in various stages of development, and it is anticipated that construction work will start at the end of 2023 and run until 2025.
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Quinbrook Infrastructure Partners has acquired exclusive development rights from Simec Atlantis Energy, a renewable energy provider to construct a battery energy storage system in Wales, UK. The 230 MW/460 MWh BESS project, called Project Uskmouth, will be located on the site of a former coal-fired power station.
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EnBW, a German utility, has agreed to purchase 400 MW of solar projects in Brandenburg from Procon Solar. EnBW has the option to acquire an additional 400 MW of capacity under the terms of the agreement. The contract will be completed in two stages and will involve solar projects at varying stages of development. In July 2022, advanced-stage projects with a capacity of approximately 400 MW will be transferred to EnBW.
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Equinor and Technip Energies, a French energy company, have decided to collaborate on the development of floating wind steel semi-substructures. The partnership intends to speed up the development of technology for floating offshore wind projects while also reducing costs and expanding local value prospects.
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EirGrid, Ireland’s state-owned electricity grid, has announced the final auction results for 1.9 GW of renewable energy capacity under the Renewable Electricity Support Scheme 2 (RESS 2). The auction resulted in the allocation of 414 MW of onshore wind capacity and 1,534 MW of solar capacity. The winning bids had a weighted average price of $101.80 per MWh.
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The Green Investment Group (GIG) of Macquarie has inked a joint development agreement with Bluestone Energy, a UK-based renewable energy developer, to construct up to 2 GW of battery storage projects in the UK. Of the capacity to be developed, 970MW is currently in the initial development phase and has already received grid connection offers.
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Vestas, a Danish wind turbine maker, has signed an agreement to supply wind turbines to EnBW for the 900 MW He Dreiht offshore project in Germany on a conditional basis. The agreement was reached after EnBW pre-selected Vestas to supply the offshore wind turbines for the project through an EU tender process in July 2021.
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Ørsted has finalised four partnerships to develop early-stage solar and onshore wind projects across Spain by participating in upcoming grid auctions. The company has signed partnerships with Glide Energy, Rolwind, ARBA Energías Renovables and Ereda. To support this strategy, Ørsted has established a team and an office in Madrid.
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Masdar has inked two agreements with Azerbaijan to develop 4 GW of clean and renewable energy projects. The company’s agreements with the Ministry of Energy of Azerbaijan offer the possibility of developing an additional 6 GW in a second phase, raising the total production capacity of the projects to 10 GW.
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ACCIONA Energía, a Spanish renewable energy company, has purchased a 24 percent investment in Eolink, a French start-up that creates floating foundations for offshore wind farms. Acciona Energía invested in Eolink by taking part in the French company’s financing round. No financial terms or other details of the investment have been disclosed by the company.
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Renewable Power Capital (RPC), a UK-based energy investment group, has agreed to acquire four ready-to-build onshore wind projects in Sweden with a total capacity of 528 MW. The $856 million deal includes acquisition costs as well as the funds required to build the projects. The four projects, which are in the municipalities of Kramfors and Sollefte in Sweden, are expected to begin exporting power to the country’s national grid in 2025.
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ADNOC, a UAE-based energy company, announced its acquisition of a 25 per cent share in bp’s blue hydrogen project, H2 Teesside, during the design stage. Masdar, the Abu Dhabi-based renewable energy company, signed a Mou to acquire a stake in bp’s proposed green hydrogen project, HyGreen Teesside. The project will now be advanced by ADNOC’s first investment in the UK, initially to the next level of design, the pre-FEED stage.
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Iberdrola, a Spanish energy company, has committed to invest €3 billion in green hydrogen as part of its initiatives to speed up the European Green Deal. The European Green Deal, first agreed upon in 2020, aims for a 55 per cent reduction in greenhouse gas emissions by 2030 and for Europe to achieve climate neutrality by 2050. At the World Economic Forum in Davos, Switzerland, Iberdrola’s chairman announced the investment plan.
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Copenhagen Infrastructure Partners (CIP), a Danish energy investment company, has announced plans to develop an artificial hydrogen island in the Danish North Sea by 2030. The BrintØ hydrogen island will be used primarily for large-scale green hydrogen production from offshore wind. The project will be developed on the Danish part of Dogger Bank in the North Sea and will be connected to a 10 GW offshore wind power project.
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Germany, Belgium, the Netherlands, and Denmark inked an agreement in Esbjerg to produce 65 GW of offshore wind energy and 150 GW of green hydrogen by 2030 and 2050, respectively. Declaring their intention to become Europe’s Green Power Plant, the joint accord intends to tenfold the region’s offshore wind power capacity, with total private sector investments expected to reach €135 billion.
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Vattenfall, Sweden’s state-owned power company, has received permission from the Swedish government to build Kriegers Flak, a 640 MW offshore wind farm. The Kriegers Flak plant, located in the south of the Baltic Sea, will be equipped with 40 to 50 wind turbines and will generate around 2.6 TWh of green electricity per year. The offshore wind farm will generate enough clean energy to power more than 500,000 homes.
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Denmark is planning to set up two energy islands that can supply renewable energy produced by offshore sources to the domestic market of Denmark and other European countries. Denmark will build the first island in the North Sea to serve offshore wind turbines with a 3 GW initial serving facility. The second Denmark energy island will be built in the Baltic Sea’s Bornholm islands, with a serving capacity of 2 GW.
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