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Ocean Renewable Energy Action Coalition Launched (Int'l Report)
Ocean Renewable Energy Action Coalition
Date: 2020-01-15
An international Ocean Renewable Energy Action Coalition has been formed to advance sustainable deployment of ocean-based renewable energy -- offshore wind, floating solar, tidal and wave power -- and at the same time mitigate the impacts of climate change while meeting roughly 10 pct of the annual greenhouse gas emissions reductions needed by 2050 to keep global temperatures under 1.5 degreeC above pre-industrial levels, according to a report released by the High-Level Panel for a Sustainable Ocean Economy. Most of this climate change mitigation potential is expected to come from offshore wind.

The Action Coalition includes MHI Vestas, Orsted, Equinor, CWind, Global Marine Group, JERA, Shell, Mainstream Renewable Power, Siemens Gamesa, TenneT and The UK Crown Estate.

Download the The Ocean as a Solution to Climate Change -- Five Opportunities for Action Report HERE. (Source: High-Level Panel for a Sustainable Ocean Economy, Various Media, Maritime Executive, 13 Jan., 2020) Contact: High-Level Panel for a Sustainable Ocean Economy, www.oceanpanle.org

More Low-Carbon Energy News Ocean Energy,  


Mainstream Closes on $580Mn Chilean Renewables Financing (Int'l)
Mainstream Renewable Power
Date: 2019-11-25
Global renewable energy developer Mainstream Renewable Power reports it has closed on $580 million for its wholly-owned Chilean subsidiary, Andes Renovables,for construction of the largest solar and wind generation plant in the whole of Latin America. A group of banks -- KfW IPEX-Bank, Societe Generale, SMBC, CaixaBank, Natixis, DNB, Banco Santander -- provided debt financing for the deal.

The first phase of the project is going to see the construction of three wind power generation assets and one for solar energy. The second and third phases of the project's construction have not yet been announced. (Source: Mainstream Renewable Power, CryptoNewsZ, 23 Nov., 2019) Contact: Mainstream Renewable Power, Andy Kinsella, CEO, +353 (0) 1 290 2000, +56 (2) 25923100 -- Santiago, Chile Office, info-Chile@mainstreamrp.com, www.mainstreamrp.com

More Low-Carbon Energy News Mainstream Renewable Power,  Chile Wind,  Chile Salr,  Renewable Energy,  


Mainstream, ENI Partnering for UK Offshore Wind Sites Bids (Int'l)
Mainstream Renewable Power
Date: 2019-10-07
Global renewable energy developer Mainstream Renewable Power reports it is partnering with Rome-based oil and gas giant Eni in preparation for the latest auction of leases for offshore wind-power sites in the UK.

The new co-operation agreement will allow Mainstream to comply with new rules for the fresh UK round of auctions under which bidders must have balance sheets worth at least £600 million ($740 million +-) over the past three years. (Source: Mainstream Renewable Power, Sunday Times, 6 Oct., 2019)Contact: Mainstream Renewable Power, Mainstream Renewable Power, Andy Kinsella, +353 (0) 1 290 2000, www.mainstreamrp.com; ENI, +39 06 598 21, +39 06 598 22141 - fax., www.eni.com

More Low-Carbon Energy News Mainstream Renewable Power,  Eni,  Offhosre Wind,  


EDF Redesigning Firth of Forth Offshore Wind Project (Int'l)
EDF Renewables UK
Date: 2018-12-07
Following up on our May 7th coverage, EDF Renewables UK reports it has obtained government approval for an improved design for the £1.8 billion NeartnaGaoithe (NnG) offshore wind farm project in Scotland's Firth of Forth.

The project, which originally included a maximum of 75 turbines, will now incorporate a maximum of 54 turbines generating a total 450 MW of power -- sufficient power for as many as 375,000 homes.

EDF acquired the project from London-based Mainstream Renewable Power in May, 2018. The project is expected to come online by 2023. EDF Renewables UK presently Coperates more than 786MW of wind farms with battery storage and has over 2GW projects with consents and in development stages. (Source: EDF, Power Technology, 6 Dec., 2018) Contact: EDF Renewables UK, NnG project director Matthias Haag, +44 333 200 5105, www.edf-re.uk

More Low-Carbon Energy News EDF Renewables ,  Wind,  Offshore Wind,  


R6.6Bn S.African Wind Farms Construction Underway (Int'l)
Concor Infrastructure
Date: 2018-06-29
In South Africa, construction is reported to be well underway on two large-scale wind farms in the Northern and Western Cape. The projects are being constructed by Concor Infrastructure in a consortium with Conco on behalf of global wind and solar company Mainstream Renewable Power.

The 140 MW Kangnas wind farm is situated 52 km east of Springbok in the Northern Cape while the 110 MW Perdekraal East wind farm is about 80 km northeast of Ceres in the Western Cape. The wind farms are expected to come online in 2020. (Source: IMIESA, 28 June, 2018) Contact: Concor Infrastructure, Eric Wisse, Managing Dir., www.concor.co.za/business-units/concor-infrastructure; Mainstream Renewable Power, www.mainstreamrp.com

More Low-Carbon Energy News Wind,  Mainstream Renewable Power.,  


EDF Acquires Neart na Gaoithe Offshore Wind Farm (Int'l, M&A)
EDF Renewables UK, Mainstream Renewable Power
Date: 2018-05-07
Renewable energy developer Mainstream Renewable Power is reporting the sale of its 450-MW Neart na Gaoithe offshore wind farm, located off the east coast of Scotland, to French electric utility EDF Group via EDF Renewables UK. The £1.8 billion ($2.44 billion) transaction followed a competitive bidding process.

The Neart na Gaoithe project is expected to generate sufficient electricity for around 375,000 homes and has an existing 15-year Contract for Difference with the UK Government and grid connection agreements already in place. A Contract for Difference is defined by the UK Government as "a private law contract between a low carbon electricity generator and a low carbon energy provider -- a power purchase agreement (PPA) -- designed to support the development of renewable energy projects.

The Neart na Gaoithe project is expected to be commissioned in 2023. (Source: EDF Renewables, Clean Technica, 4 May, 2018) Contact: Mainstream Renewable Power, Andy Kinsella, +353 (0) 1 290 2000, www.mainstreamrp.com; EDF Energies Nouvelles, www.edf-energies-nouvelles.com

More Low-Carbon Energy News Mainstream Renewable Power,  EDF Group,  Offshore Wind,  Wind ,  Offshore Wind,  Wind ,  


GE, Mainstream Launch Vietnamese Wind Partnership (Int'l)
Mainstream Renewable Power, GE Renewable Energy
Date: 2017-06-07
Further to our November 9, 2016 coverage, Mainstream Renewable Power, GE Renewable Energy and Vietnamese partner Phu Cuong Group are reporting a joint venture to develop a $2 billion, 800MW wind energy project in southern Vietnam. Upon completion, the Phu Cuong project will Vietnam's largest wind site.

The first 150-200MW phase is expected to reach financial close in 2018. GE will supply turbines to both phases of the project. (Source: Mainstream Renewable Power, GE Renewable Energy, Windpower Monthly, Other Media, 1 June, 2017) Contact: Mainstream Renewable Power, Andy Kinsella, CEO, +353 (0) 1 290 2000, www.mainstreamrp.com; GE Renewable Energy, Pete McCabe, President and CEO, Onshore Wind, www.ge-energy.com

More Low-Carbon Energy News Wind,  Mainstream Renewable Power,  GE Renewable Energy,  

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