|

Shell Energy to acquire 609 MW combined-cycle gas turbine power plant in US

Global, News

Shell Energy North America (SENA), a subsidiary of Shell, has agreed to acquire a 609 MW, two-unit combined-cycle gas turbine power plant located in Johnston, Rhode Island, US. The purchase agreement has been signed with RISEC Holdings, a subsidiary of EGCO RISEC II, and Carlyle’s subsidiaries, Cogentrix RISEC CPOCP and Cogentrix RISEC CPP II. EGCO RISEC II, part of Thailand’s Electricity Generating Public Company (EGCO), will divest 49% of its stake in the plant, while…

|

Russia files lawsuit against energy giant Shell

Global, News

A Russian court document revealed that the prosecutor general of Russia has filed a lawsuit against eight Shell units in Moscow’s arbitration court. The case involves Gazprom, the Russian Energy Ministry, regulators from Sakhalin Island, and the prosecutor general’s office. Shell previously held significant stakes in Russian energy projects, including a liquefied natural gas (LNG) plant on Sakhalin Island operated by Gazprom. However, after the Ukraine invasion, Shell withdrew from all Russian projects, including the…

|

Vena Energy and Shell receive approval to export 400 MW of solar power from Indonesia to Singapore

Global, News

Vena Energy and Shell Eastern Trading have received conditional approval from Singapore’s Energy Market Authority to export 400 MW of solar power from the Riau Islands, Indonesia, to Singapore.  The project will generate over 2.6 TWh of renewable energy annually, supported by more than 2 GW of solar photovoltaic plants and 8 GWh of battery storage systems.

|

Quinbrook signs offtake agreements with Tesco and Shell for Cleve Hill solar park

Global, News

Quinbrook Infrastructure Partners has secured two major offtake agreements for its 373MW Cleve Hill solar park in Kent, set to be the UK’s largest solar and battery storage project.  Tesco signed a 15-year power purchase agreement (PPA) for 65% of the solar generation, the largest solar corporate PPA in the UK, while Shell has committed to a ten-year route-to-market agreement for the remaining 35%.  The project, which includes a 150MW battery storage component, is expected…

Understanding the Global Institutional Infrastructure of Energy

Power 101

The global energy sector is a complex web of organisations, regulators, and private corporations working together to ensure that the world’s energy needs are met while promoting sustainability, innovation, and policy alignment. From setting regulations to facilitating international cooperation, these institutions play an essential role in shaping how energy is produced, distributed, and consumed. This article will explore the key players in the global energy infrastructure, including international organizations, national regulatory bodies, industry associations, and…

|

EDF Renewables acquires Shell’s stake in South Korean offshore wind project

Global, News

EDF Renewables has completed the acquisition of Shell Overseas Holdings’ shares in West Sea Energy 1, entering South Korea’s offshore wind sector. West Sea Energy 1 focuses on developing a high-power offshore wind project with a maximum capacity of 1.5 GW, the first offshore wind facility owned by EDF Renewables in South Korea. This acquisition aligns with EDF Renewables’ strategic goals to expand its presence in the Asia-Pacific region, with plans to secure an electricity…

|

BW ESS, Penso Power sign seven-year tolling agreement with Shell for UK’s Bramley BESS

Global, News

Energy storage operator BW ESS and developer Penso Power have secured a seven-year tolling agreement with Shell for their Bramley Battery Energy Storage System (BESS) in Hampshire, UK. This marks the UK’s first long-term tolling agreement for a single BESS asset, potentially setting a new revenue model for future energy storage projects across Europe. Under the agreement, Shell will manage the trading of the 100MW/330MWh Bramley BESS in various ancillary services and wholesale markets, providing…

Power Sector News Roundup for October 17, 2024

Power Bytes

Global: – World Bank approves USD 250 million for renewable energy in Lebanon– Masdar and Presight to launch AI tool for managing RE assets globally– Fugro to site investigate Rhein-Main-Link offshore wind cable project in Germany– Sumitomo and CEP Solar to deliver 1.5GW of clean energy projects in Virginia– Ignitis Group to bid in Lithuania’s second offshore wind tender – Quinbrook signs offtake agreements with Tesco and Shell for Cleve Hill Solar Park– VNG AG…

|

Shaping Sustainable International Hydrogen Value Chains

Analysis, Features

The push for renewable hydrogen as a clean energy solution has the potential to reshape global energy systems. As hydrogen gains traction, especially in hard-to-abate sectors like heavy industry and transportation, sustainable international hydrogen value chains must be developed. This article provides a detailed exploration of hydrogen value chains, covering the production and demand, environmental impacts, and socio-economic benefits, as outlined in the 2024 IRENA report. Hydrogen Production and Demand: Current and Future Outlook As…

|

Companies’ addiction to junk carbon offsets is killing the planet

Global, News

A new study from Kyoto University highlights significant issues in the carbon offset market, pointing to major companies such as Shell, Delta Air Lines, and Chevron, which have been purchasing low-quality offsets. From 2020 to 2023, the 20 largest players in the market, including these companies, primarily bought offsets that have a high risk of not delivering real emissions reductions, with 87% of their purchases deemed ineffective. This revelation follows the broader scrutiny of the…