Power Sector News Roundup for November 12, 2024

By

Global: ACCA report warns of inadequate climate preparedness among businesses. EnBW to install a 100 MW battery storage system in Marbach, Germany. ScottishPower signs £1 billion deal with Siemens Gamesa for East Anglia 2 offshore wind farm. Entrion Wind secures US patent for FRP monopile technology. SPPC awards 7.2 GW power project contracts under Saudi Vision 2030. Energy Vault to build a 57 MW battery storage project in Texas. Nexans to sell AmerCable to Mattr…

|

PowerChina hands over 500 kV Thung Song substation to Thailand’s EGAT

By

Power Construction Corporation of China (PowerChina) has officially transferred the 500 kV Thung Song substation project to Thailand’s Electricity Generating Authority of Thailand (EGAT) after successful site acceptance tests. Located in Nakhon Si Thammarat, southern Thailand, the project is crucial for enhancing grid transmission capacity and ensuring stable power operations in the region.  The project involved renovating and expanding an existing 230 kV air-insulated switchgear substation and constructing a new 500 kV gas-insulated switchgear substation.

|

FREYR Battery to acquire Trina Solar’s US manufacturing assets

By

FREYR Battery has signed an agreement to acquire Trina Solar’s 5 GW solar module manufacturing facility in Wilmer, Texas.  The acquisition is expected to be finalised by the end of 2024. The Wilmer plant, which began production on November 1, 2024, is slated to reach full capacity by 2025, with 30 per cent of its output already under firm contracts with US customers. Post-acquisition, FREYR plans a multi-phase expansion to establish a vertically integrated US…

|

Boralex and Saint-Gobain sign 20-year renewable PPA in France

By

Boralex Inc. and Saint-Gobain have signed a 20-year renewable power purchase agreement (PPA) in France, covering three power plants that will supply renewable electricity to Saint-Gobain’s industrial sites.  The agreement includes two solar parks and one wind farm, set to commence operations between Q1 2026 and Q1 2027.  These facilities are expected to generate approximately 110 GWh annually, meeting the electricity needs of over 50,000 residents and fulfilling around 10 per cent of Saint-Gobain’s power…

|

Elapath Energy and RenewableErgon to develop 150 MW solar project in Taiwan

By

Elapath Energy and RenewableErgon are set to develop a 150 MW solar project in Budai, Chiayi County, Taiwan, with an estimated investment of $250 million.  The project is slated to begin its first phase in December 2024, pending approval from Taiwan’s Energy Administration under the Ministry of Economic Affairs (MOEA), and is expected to be completed by February 2025. RenewableErgon, a blockchain-based platform, integrates smart contracts, dynamic electricity pricing, and investment opportunities in renewable projects….

|

Ofgem urges faster grid connections for renewables in UK

By

The UK’s Office of Gas and Electricity Markets (Ofgem) has called on network operators to expedite the connection of renewables, clean power, and storage projects to the grid.  In response to a backlog of 722 GW of projects awaiting connection, Ofgem has set forth proposals to streamline the process, prioritising projects ready to operate within five years to help meet the UK’s 2030 energy goals. Ofgem’s reform plan focuses on optimal project placement and voltage…

|

US BOEM releases final EIS for SouthCoast Wind Project

By

The US Bureau of Ocean Energy Management (BOEM) has issued its final environmental impact statement (EIS) for the 2.4 GW SouthCoast Wind Project, which, if approved, could power approximately 800,000 homes.   The SouthCoast Wind proposal includes up to 147 turbines, five offshore substations, and eight export cables, with landfall options at Brayton Point or Falmouth, Massachusetts. The project’s lease area covers about 127,388 acres, located 26 nm south of Martha’s Vineyard. Public input during a…

|

Nexans to sell AmerCable to Mattr for $280 million

By

Nexans has agreed to sell AmerCable, its Arkansas-based subsidiary specializing in power, control, and instrumentation cables for harsh environments, to Mattr for an enterprise value of $280 million.  Known for its durable cables widely used in mining and oil and gas industries, AmerCable has been a key player in the power cable sector since 1922 and employs over 300 people. This sale aligns with Nexans’ strategy to focus on electrification, positioning itself as a ‘Pure…

|

Energy Vault to build 57MW battery storage project in Texas

By

Energy Vault has announced plans for a 57MW/114MWh battery energy storage system (BESS), named Cross Trails BESS, to be built in Scurry County, Texas.  Construction is scheduled to begin in Q1 2025, with commercial operations expected by mid-2025.  Energy Vault will build, own, and operate the project using its X-Vault integration platform, UL9540-certified B-VAULT product, and VaultOS energy management system, offering flexibility for both AC and DC-coupled configurations. The project aims to boost renewable energy…

|

SPPC awards 7.2GW power project contracts under Saudi Vision 2030

By

The Saudi Power Procurement Company (SPPC) has awarded contracts for the development of 7.2GW of power projects to consortiums led by Saudi Electricity Company and Abu Dhabi National Energy Company (Taqa).  The projects, essential to Saudi Arabia’s strategic energy mix plan, align with Vision 2030 and the Saudi Green Initiative, which targets a 50% contribution each from renewable energy and gas in domestic electricity production. Contracts were awarded for the Rumah I and II and…