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Energypedia News
Nordex Group With Solid Service Success In 2024
In 2024, the Nordex Group signed service agreements for 227 new wind energy projects totaling 8,500 MW worldwide. All contracts were long-term Premium Service contracts totaling more than 1,500 turbines. Also expiring existing contracts for 800 turbines totaling 2,150 MW were extended. This corresponds to a renewable rate of more than 85%. In Germany the Nordex Group once again took the top spot in the service satisfaction survey conducted by the German Wind Energy Association (BWE) among its members: The Nordex Group was rated with 2.09 points (2023: 2.35) (1=excellent, 6=unsatisfactory) ahead of all its other peers for the fourth time in a row. The now published survey results show that the Central region’s service of the Nordex Group has improved further in its core market Germany. All topics queried in the Survey were rated 2024 better than in 2023. In particular, the quality of the work carried out and the accessibility of the service teams were given the best values by the customers. In 2024, 407 turbines were evaluated, a significant increase compared to the years before that has bolstered the statistical robustness of the Nordex results. 'The increased participation rate in the survey highlights the growing engagement and satisfaction among our clients with the Nordex Group’s service. The feedback from this survey is invaluable as it not only reaffirms our current strategies but also guides our future initiatives', says Volker Bartolles, Director of Service Germany at the Nordex Group. About the Nordex Group The Group has installed more than 53 GW of wind power capacity in over 40 markets in its corporate history and generated consolidated sales of around EUR 6.5 billion in 2023. The Company currently has more than 10,200 employees, and the Group’s manufacturing network includes factories in Germany, Spain, Brazil, India, USA and Mexico. Nordex’ product portfolio is currently focused on onshore turbines in the 4 to 6 MW+ classes that are designed to meet the market requirements of countries with limited space availability and regions with constrained grid capacity. Original announcement link Source: Nordex Group
oil-gas
Feb 14, 2025
Energypedia News
Uk: New Industry Bonus Opens To Support Good Jobs And Low Carbon Manufacturing Factories
Industrial heartlands and coastal areas will receive a major economic boost as the government backs renewable energy firms investing in industrial communities – backing good jobs through the government’s Plan for Change. The application window has opened for the Clean Industry Bonus, which provides financial support for offshore wind developers, on the condition they prioritise their investment in areas that need it most, including traditional oil and gas communities - supporting highly skilled jobs such as engineers, electricians or welders. The support also rewards developers who build more sustainable low carbon factories, offshore wind blades, cables and ports to reduce industrial emissions across the clean energy supply chain. By encouraging developers to use less polluting suppliers, the bonus will help tackle the climate crisis while also addressing supply chain blockages in renewable technologies driven by Russia’s invasion of Ukraine – supporting industry on the transition to clean, secure, homegrown energy that Britain controls. The UK produces more offshore wind than any other European country, making it the backbone for plans to deliver a clean power system by 2030 and become a clean energy superpower. This bonus will help accelerate the drive for clean power – incentivising developers to build the infrastructure the country needs to end reliance on unstable fossil fuel markets and help keep energy bills down for good. Since July, the government has seen £34.8 billion of private investment into UK’s clean energy industries. In November, the government launched its carbon capture and storage industry supporting 4,000 jobs in the North West and Teesside. ScottishPower awarded a £1 billion turbine contract for its East Anglia TWO offshore windfarm to Siemens Gamesa, including blade production at its Hull blade factory – the company employ over 1,300 people in Humberside. Energy Secretary Ed Miliband said: 'We are backing our proud manufacturing, coastal and oil and gas communities with good jobs, skills and private sector investment – delivering on the government’s Plan for Change. This is our clean energy superpower mission in action, kickstarting growth, delivering energy security and transforming towns and cities as part of the transition - from the ports of Nigg and Leith to the manufacturing hubs of Blyth and Hull.' Steve Foxley, Chief Executive of the Offshore Renewable Energy (ORE) Catapult, said: This news is an important signal from government to industry of intent to grow our offshore wind sector in a way that benefits both our climate and our economy, supporting expansive regional job creation and bolstering national energy security. Alongside innovating to develop next-generation technologies, delivering the right levels of future deployment and fulfilling the ambitions of the Industrial Growth Plan for offshore wind, it will drive up confidence in our ability to secure the clean investments we need in the years to come.' Dan McGrail, CEO of RenewableUK, said: 'The offshore wind industry already employs over 34,000 people in the UK, but there’s an opportunity to treble this number by the end of the decade if we grow the sector’s supply chain. Government initiatives like the Clean Industry Bonus, coupled with industry initiatives to support innovation and the upcoming Industrial Strategy, could drive hundreds of millions of pounds of private investment into new manufacturing. Whilst we’re right to focus on securing investment in manufacturing new turbine foundations, blades and cables, we shouldn’t forget that there are also thousands of jobs in the construction and maintenance of wind farms too. You can go to places across the country like Grimsby and Great Yarmouth and Buckie on the Moray Firth and see boats full of engineers ensuring our wind farms operate at maximum efficiency.' Dhara Vyas, Energy UK, Chief Executive, said: 'Offshore wind is set to become the backbone of a decarbonised power system. To build an industry that is resilient to supply chain challenges, we need a framework that supports sustainable deployment, while fostering investment in the UK’s industrial heartlands. The Clean Industry Bonus will help to unlock economic growth, create job opportunities, and maintain the UK’s position as a global leader in offshore wind. Alongside the development of a broader industrial strategy, the Clean Industry Bonus will play an important role in strengthening the Contracts for Difference mechanism. Clarity will be critical in ensuring we can deliver Allocation Round 7, which is likely to be the single most important auction to achieving the Clean Power goal.' The UK is already home to the world’s first floating offshore wind farm and has the highest deployment of offshore wind in Europe. As a result, the UK’s offshore wind industry is supporting thousands of highly skilled jobs across the country. This latest boost for renewable developers comes after the government delivered the most successful renewables auction round in history last year, securing contracts for Europe’s largest and second largest offshore wind farm projects. The bonus will come with an initial £27 million per gigawatt of offshore wind projects. That means if developers commit to 7-8 GW of offshore wind, up to £200 million of funding could be made available. Funding will be allocated competitively with the results announced by the Energy Secretary in the summer. Background The Clean Industry Bonus will apply to all offshore wind projects bidding for funding through this year’s renewable energy auction, Allocation Round 7 of the Contracts for Difference scheme, which is the main mechanism for securing clean energy infrastructure for Britain. September’s auction secured 5 GW for offshore wind, enough to power the equivalent of around 8 million homes. The funding will come through the government’s Contract for Difference mechanism. The scheme is designed to protect billpayers from high costs with the lowest price bids successful, ensuring value for money. Original announcement link Source: GOV.UK
oil-gas
Feb 14, 2025
Energypedia News
India’S Ongc-Ntpc Green Energy Joint Venture To Buy Ayana Renewable
State-owned explorer Oil and Natural Gas Corporation (ONGC) said that its joint venture with utility firm NTPC Green Energy will acquire Ayana Renewable Power, which operates solar and wind plants. Ayana is valued at $2.3 billion including debt, ONGC said in a statement, according to a Reuters report. Ayana, owned by quasi-sovereign wealth fund National Investment and Infrastructure Fund, British International Investment and Green Growth Equity Fund, operates plants that produce 1,600 megawatts in India and has another 2,500 megawatts in such projects under construction. Click here for Reuters announcement
oil-gas
Feb 14, 2025
Energypedia News
Wood Group Announces Fy24 Trading, Independent Review, Updated Outlook And Refinancing
Wood Group has announced a trading update for the year ended 31 December 2024, an update on the independent review, an updated outlook, and an update on refinancing. The outline results presented here are draft and subject to the conclusion of the independent review and full year audit, including the treatment of any prior year adjustments. This trading update is not a preliminary statement of annual results and has not, therefore, been reviewed by the Company’s auditors. An update on the timing of our full year results will follow in due course. Trading headlines Independent review (‘Review’) Continuing the transformation of Wood Updated 2025 outlook Actions in 2025 will underpin positive free cash flow in 2026 Refinancing Ken Gilmartin, CEO, said: 'This is a difficult announcement amid our transformation. While we have made progress, I am disappointed in our financial performance. Consequently, we are taking decisive actions to ensure we can meet the opportunities we have in growing markets, principally energy. 'While the likely findings from the independent review are expected to have no material impact on the Group’s cash position and future cash generation, it clearly gives us areas to focus on and we are initiating steps now to further improve our financial culture, governance and controls. 'We have announced further actions to address the cost base of the business to right size Wood for the future, and have laid out a very clear route to positive free cash flow in 2026. 'As we look ahead, notwithstanding the challenges today, I am confident the fundamentals of this company remain strong – we are in growing markets, with considerable in-demand engineering skills, trusted client relationships, and we’re well positioned to grow the business'. Original announcement link Source: Wood
oil-gas
Feb 14, 2025
Energypedia News
Norway: Horisont Energi Continues Progressing The Development Of The Barents Blue Project As Its Collaboration With Fertiberia Comes To An End
Horisont Energi and Fertiberia joined forces to develop the clean ammonia project Barents Blue in August 2023. The collaboration between the two companies will end 28 February 2025. Horisont Energi has previously communicated the intention of onboarding additional industrial partners to further strengthen the Barents Blue project. This work is ongoing and updates on new partnerships for the project will be provided to the market in due course. This is part of the strategic review that Horisont Energi announced on 24 September 2024. About Barents Blue The Barents Blue project, being developed by Horisont Energi is a clean ammonia plant located at Markoppnes in Northern Norway. The annual production for the first phase of the project will be 1 million tonnes. With a best-in-class carbon capture rate above 99% this will be the most energy-efficient clean ammonia plant in the world, well-aligned with the EU taxonomy.?Barents Blue has secured sufficient power supply for the first phase of the project. The Barents Blue project is supported by a grant of NOK 482 million as part of the EU IPCEI hydrogen program, Hy2Use.?The project targets final investment decision 2026 and estimated production start in 2029/2030. Original announcement link Source: Horisont Energi
oil-gas
Feb 14, 2025
Energypedia News
Italy: Rwe Starts Construction Of Its First Commercial Agri-Pv Projects In Italy
RWE has started the construction of its first commercial scale Agri-PV plants. The 9.8 megawatt (MWac) Morcone and 9.3 MWac Acquafredda advanced Agri-PV projects are located in the province of Benevento in the Campania region. More than 32,500 solar modules will be installed here in total. Together the two projects will be able to supply more than 13.000 Italian households with green electricity. Commissioning is scheduled for the end of the year. Both projects were successful in the recent Italian Recovery and Resilience Plan auction. The two Agri-PV projects will use elevated tracker systems: the solar modules are elevated on a three-metre high tracker structure with a movable axis. This will increase the energy yield of the PV systems. Crops will be harvested below the panels in a fully integrated energy-agri system, increasing agricultural production while optimising land use. The panels provide protection against hail, frost, drought and heavy rain. To help improve the technology the performance of the two advanced Agri-PV systems and meteorological and agricultural yield data will be monitored by RWE. Katja Wünschel, CEO RWE Renewables Europe & Australia: 'The start of construction marks the realisation of our world-first Agri-PV projects on a commercial scale, with more to come. Sunny Italy is also a perfect market for this technology. Advanced Agri-PV helps us to use the scarce resource of land responsibly and efficiently, generating two different yields - agriculture and renewable energy - from the same land. Win-win at its best.' RWE Renewables Italia – strong presence in Italian market for renewables RWE is a key player in the Italian renewables market. The company takes an integrated project approach that incorporates the development, construction and operation as well as marketing of wind farms and solar plants. The company draws on its extensive experience to drive forward its business in Italy. As of today, RWE operates 16 onshore wind farms with a combined installed capacity of 527 MW in the country. With its onshore fleet, RWE supplies around 450,000 Italian households with green electricity every year. The company is currently constructing the 53 MW Mondonuovo wind farm in the Apulia region. In addition to wind and the Agri-PV projects, RWE is installing its first Italian solar plant Bosco (8.3 MWac) near Palermo, which is in the commissioning phase. Original announcement link Source: RWE
oil-gas
Feb 13, 2025
Energypedia News
Vietnam: Scatec Closes Sale Of Vietnam Wind Power Plant To Susi Asia Energy Transition Fund
Reference is made to the stock exchange notice on 13 September 2024, regarding the sale of Scatec ASA’s 100 percent stake in the 39-megawatt (MW) Dam Nai wind farm and the associated operating company in Vietnam to Sustainable Asia Renewable Assets, a utility-scale renewable energy platform of the SUSI Asia Energy Transition Fund. The transaction is now completed, and Scatec has received the initial payment of USD 27 million, with potential for additional earn-out payments of up to USD 13 million that are subject to certain conditions being fulfilled prior to May 2026. At the Scatec Group level, the transaction generated an accounting gain of approximately USD 8 million on a proportionate and consolidated basis, including a fair value estimate of the contingent consideration, which will be recognised in the first quarter 2025. Following the transaction Scatec will exit all operations in Vietnam. Original announcement link Source: Scatec
oil-gas
Feb 13, 2025
Energypedia News
Uk: Oeuk Urges Government To Support A Clear Funding Path For The Uk’S Carbon Capture Ambitions Ahead Of Spending Review
Leading industry body Offshore Energies UK (OEUK) is asking the Chancellor to stick to commitments to back two additional major carbon capture, usage and storage (CCUS) projects in North-East Scotland and the Humber ahead of the Comprehensive Spending Review (CSR). Together the Track-2 projects, Viking in the North East of England and Acorn, the Scottish cluster, have the potential of investing over £25bn into the UK economy by 2035, with private sector investment unlocked by Government support and creating over 30,000 jobs. As the UK looks to spark growth and deliver net zero, CCUS is a critical part of future proofing its national industrial base. The process extracts and stores carbon from energy-intensive industries such as cement and chemical manufacturing. This makes it essential to enabling key industrial assets to become sustainable hubs offering firms and their skilled people a long-term future. Ahead of the CSR, OEUK calls for the Government to maintain existing spending commitments for Carbon Capture and Storage (CCS) Track-1 projects and announce both a clear funding envelope for Track-2 projects and for the path for those projects that sit outside of the current track process. Currently the government has supported two UK projects, Hynet in Merseyside and the East Coast Cluster in Teesside, in 'Track-1', which is the first phase of the government’s CCUS programme. Together these projects will capture up to 20 million tonnes of C02 by 2030 from industrial emitters including power plants and future hydrogen production plants. Recent media reports have raised concerns that funding for Track-2 projects, the next phase of developments to be supported by government, could be deprioritised as the UK Government navigates budgetary pressures. OEUK warns that stepping back from investment would undermine the UK’s economic growth and net zero objectives, at a critical time for the future of UK industry. According to ONS data, the UK’s chemicals sector has had a 38% fall in output in four years, with cement down 40% in the same period. Energy intensive industries require reliable and affordable power and fuels for industrial processes and a cost-effective path to decarbonisation. OEUK’s CEO, David Whitehouse comments: 'Carbon capture technology can help future-proof the UK’s heavy industries and their workers. We ask the government to hold true to its carbon capture commitments to give industry the clarity it needs to get on with the second track of these projects. This will help crowd in the private investment we need to build self-sustaining, world-leading industries right here in the UK. 'Manufacturers around the UK need this technology to build a sustainable net zero economy. If we get this right, the new CCUS sector could protect over 100,000 jobs in industrial regions, contribute billions to the economy this decade and be worth £100bn to the supply chain by 2050.? These investments will back key hubs to compete globally by stripping carbon out of their operations and create the innovative products, skills and services of the future. 'We welcome the UK Government’s previously announced support for Track 1 projects. It is critical now that in support of economic growth and industrial decarbonisation, it now announces a clear funding envelope for Track-2 projects and the path for those projects that sit outside of the current track process. 'The UK is well placed to create a world-leading CCUS sector. We have the geology, technology and people to make it a success. We must build on the skills and supply chains of our world class oil and gas sector and back firms and their workers to unlock this opportunity for Britain. 'With a clear funding envelope, our CCUS sector can providing enduring value in the UK economy, supporting the decarbonisation of our hard to abate industries. Our path to net zero must be decarbonisation not deindustrialisation. 'OEUK recognises the challenging demands on HM Treasury but this government has prioritised growth and energy security while it works to decarbonise our economy. As a sector, we’re aligned with this ambition and CCUS is critical to its fulfilment.' In the coming months a raft of consultations will shape the future of the North Sea and the UK’s diverse energy mix. OEUK is campaigning for a homegrown energy future and for an industrial strategy built on a secure, sustainable and affordable energy base, for which CCUS is a key enabler. Find out more about OEUK’s campaign for a homegrown energy future here: www.oeuk.org.uk/manifesto. Original announcement link Source: OEUK
oil-gas
Feb 13, 2025
Energypedia News
Carina Acquires Ikon Science, Bolstering Geopredictive And Data Management Capabilities
Carina Software has announced the acquisition of Ikon Science, a global leader in geopredictive and data management software and services. The acquisition, which was finalized on December 27th, 2024, marks a significant addition to Carina’s comprehensive portfolio of solutions in the energy, environmental, engineering, and subsurface geoscience software sectors. For over two decades, Ikon Science has been recognized for its innovative RokDoc product technology in rock physics, reservoir characterization, pore pressure prediction and geomechanics. In 2018 with the acquisition of iPoint, Ikon science embarked on journey to develop the next generation subsurface well and seismic data management platform Curate. These two highly regarded technology platforms are underpinned with exceptional services and support. 'We welcome the Ikon Science team to the Carina portfolio,' said Gabe Czegledy, CEO of Carina. 'Ikon Science’s innovative solutions and extensive, global client base is very complementary to our capabilities in servicing the energy and subsurface industries. Together we will continue to lead advanced subsurface technology innovation and provide enhanced data management technology to drive value for our global client base. Our goal is to further build on their excellent customer experience reputation with our long-term commitment to this market.' 'We are thrilled to find a permanent home that deeply understands our core solutions and client needs,' said Denis Saussus, CEO of Ikon Science. 'This new ownership will allow us to continue our focus on innovation, expand our service offering, and increase our geographical reach. We look forward to collaborating with clients, portfolio peers and partners on maximizing the value of subsurface data, integrating and optimizing workflows and further progressing key geoscience enhancements.' Ikon Science is excited to join a collaborative ecosystem that will not only expand Carina’s service solutions offerings but also broaden our market reach. About Ikon Science: Global Knowledge, Local Expertise. Ikon Science is a global provider of geopredictive and knowledge management software and service solutions designed to optimize subsurface discovery, production, and storage. For more than 20 years, Ikon has worked with energy clients, applying deep scientific expertise and technology innovation to extract actionable knowledge from sophisticated subsurface data. Headquartered in Surbiton, London and with a global network of offices, Ikon Science serves clients in every corner of the industry. More at www.ikonscience.com. About Carina: Carina is a global provider of software solutions for the energy and oil & gas industries. As a division of Vela Software and Canadian public company Constellation Software, Inc. [TSX: CSU], Carina acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions. Carina companies invest in becoming leaders in their industries and to better serve their customers. We help companies improve their operations, provide career progression and opportunities for their people, grow through organic initiatives, and seek acquisitions that can strengthen their market position. More at www.carinasw.com. Original announcement link Source: Ikon Science
oil-gas
Feb 13, 2025
Energypedia News
Turkey: Trillion Energy Announces Sasb Field Operational Update
Trillion Energy International has announced an operational update for the SASB offshore gas project, Turkey. During January 2025 the Company completed installation of new velocity string tubing in two wells located on tripods (Alapli-2 and Bayhanli-2) in an operation that took approximately two weeks’ time. Previously, the Company completed installation of new tubing in four wells on the Akcakoca platform during the fall of 2024. A total of 6 wells have now received the new smaller tubing size to mitigate water loading conditions. The tripod wells continue to receive nitrogen injections to stimulate production, however, operations have been delayed over the past few weeks due to stormy winter weather conditions. Both Alapli-2 and Bayhanli-2 initially responded positively to the ongoing operational efforts, however, stable long-term flow rates have yet to be sustained. The Company is currently preparing to stimulate the Akcakoca-3 and South Akcakoca-2 wells in the upcoming week using nitrogen, upon suitable weather conditions arriving. The Company has sourced a gas lift compressor system for the Akcakoca platform which will provide continuous gas lifting injection to certain wells to assist in production. Additionally, the Company plans to enhance production by installing: These strategic interventions involving artificial lift are critical to sustaining long-term production rates and optimizing well performance and are expected to occur in the upcoming months. Original announcement link Source: Trillion Energy
oil-gas
Feb 13, 2025
Energypedia News
India: Adnoc Gas Signs 14-Year Lng Supply Agreement With Indian Oil
ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, today announced a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation (IndianOil) for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India’s largest integrated and diversified energy company. This agreement converts the previous Heads of Agreement between the parties into an SPA, with first deliveries to begin in 2026. The agreement, signed by ADNOC Gas and IndianOil, is valued in the range of $7 billion to $9 billion over its 14-year term, and signifies a major step forward in the partnership between the two industry leaders. Fatema Al Nuaimi, ADNOC Gas CEO, said: 'This agreement strengthens our long-standing partnership with IndianOil and is a testament to the dynamic and robust energy ties between the UAE and India. As a reliable and responsible supplier of lower-carbon gas, ADNOC Gas looks forward to supporting India’s plans to make gas 15% of its primary energy basket by 2030.' The agreement builds on ADNOC Gas’ strategy to expand its customer base, following a series of LNG agreements signed over the past two years. These deals range from 0.4 MTPA to 1.2 MTPA. They are for periods ranging up to 14 years and reinforce its position as a leading supplier of reliable, lower-carbon LNG to key growth markets in Asia, such as India. The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to 6 mtpa. As the world's third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations. Original announcement link Source: ADNOC Gas
oil-gas
Feb 13, 2025
Energypedia News
Us: Seatrium And Bp Sign Mou For Second Deepwater Floating Production Unit Project
Seatrium has announced the signing of a Memorandum of Understanding (MOU) with BP Exploration & Production Inc. (bp) in preparation for a second project, the Tiber Floating Production Unit (FPU), in the US Gulf of America. Under the MOU for the Tiber project, Seatrium would provide services to carry out the engineering, procurement, construction, and commissioning (EPCC) of a state-of-the-art FPU designed to support the development of bp’s deepwater assets in the US Gulf of America. The Tiber FPU would be equipped with advanced technologies to enhance operational efficiency and safety, ensuring it meets the stringent requirements of deepwater production. The Tiber discovery is located approximately 300 miles southwest of New Orleans in the Keathley Canyon area of the Gulf of America. bp and Seatrium will jointly define the initial works and EPCC scope under the MOU. The Tiber contract award is subject to the final investment decision by bp, anticipated later in 2025. This new agreement builds on Seatrium and bp’s partnership on the Kaskida FPU, which reached final investment decision in 2024. The Kaskida field is located about 250 miles southwest of New Orleans in the Keathley Canyon area. The Tiber MOU aims to leverage lessons learned and technological advancements achieved from the ongoing Kaskida project to achieve operational excellence for the successful completion of the Tiber FPU. Similar to Kaskida, the Tiber FPU project would leverage the Group’s proven topsides single lift integration methodology. Original announcement link Source: Seatrium
oil-gas
Feb 13, 2025