Year-on-year drop in the european electricity markets prices during november

AleaSoft, December 2, 2019. Solar energy production fell year-on-year in November in most European markets with the exception of the Iberian Peninsula where there was a significant increase driven by the increase in photovoltaic production in Spain. Wind energy production rose in all markets. This increase in wind energy production together with the decrease in gas and coal prices led to a decrease in the prices of electricity markets. SOLAR PHOTOVOLTAIC AND SOLAR THERMAL PRODUCTION, WIND PRODUCTION AND ELECTRICITY DEMAND The solar energy production increased by 33% in November in the Iberian Peninsula, compared to the production registered in November 2018. This increase was due to the photovoltaic energy production of the Spanish peninsula

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Acwa Power connects the first renewable energy project in Saudi Arabia, sakaka pv ipp, to the national electricity grid, commencing initial production

ACWA Power has announced the successful connection of the Sakaka Solar PV Plant – the first renewable energy project in the Kingdom of Saudi Arabia – to the national grid. The project has commenced initial production under a pilot phase according to schedule – with full commercial operation to be achieved before the end of the year 2019. The solar project has established a 100 percent local employment rate within the first year of operation, with 90% of the workforce comprised by the youth of Al Jouf region. Additionally, Sakaka PV IPP registered over 30 percent of contractual local content during the construction and development phases. The project has also

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Hitachi to Strengthen Energy Solutions Business with the Acquisition of ABB’s Power Grids Business

Offering innovative energy solutions globally by combining ABB’s world-class power grids products, systems, software and service solutions and products with Hitachi’s advanced digital technology. Power electronics giant Hitachi has acquired ABB’s power grids business in an US$11 billion (£8.7 billion) deal which cements its position in the energy solutions sector. Hitachi is to acquire an 80.1% stake in the power grids division and has also entered into a purchase option for the remaining 19.9% share, turning power grids into a wholly-owned subsidiary of Hitachi. Hitachi and ABB have agreed to a deal which values the power grids business at around US$11 billion (£8.7 billion). Hitachi will pay a purchase price

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Senvion signs 48 MW contracts of 3.XM series in European core markets

Senvion has signed 47.5 megawatts (MW) firm contracts of its modular 3.XM series in Belgium, France and Portugal in the fourth quarter of 2018. In Belgium, Senvion has concluded contracts with customers including EDF Luminus for the Sint Gillis Waas wind farm and Eoly for the Rebaix wind farm. The Belgian wind farms total four wind turbines including 3.4M104 and 3.4M114 turbine types. The installation and the commissioning of the Belgian wind farms are planned for Summer 2019. In France and Portugal, Senvion has signed contracts with new customers, respectively ČEZ Group and EKZ, the utility of the Canton of Zurich. The French Aschère-le-Marché wind farm, developed by ABO Wind

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Vestas extends market leadership with fifth EPC project in Jordan

Vestas has signed an engineering, procurement and construction (EPC) contract for the 52 MW Abour wind park in Tafileh, Jordan. The order is placed by Abour Energy Company PSC, the Jordanian SPV owned by Saudi Arabia’s Xenel Industries and Dubai based Amea Power Limited, and includes the supply, transport, installation and commissioning of 15 V136-3.45 MW turbines. Underlining Vestas’ extensive local experience and proven ability to deliver site-specific solutions, the project marks Vestas’ fifth EPC contract in Jordan in the past five years, totalling 355 MW of installed or under construction capacity. Vestas pioneered wind energy in Jordan in 1996 and continues to support Jordan’s ambitious target of 1.6 GW wind

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Gamesa Electric will supply 66 PV Solar Power Stations for the project Benban in Egypt (400MWp)

The stations will be installed in the plants that the Norwegian company Scatec Solar will build as part of the FiT program for renewable energy developed by the Egyptian government Gamesa Electric has signed a new contract with the Norwegian company Scatec Solar for the supply of 66 x 5MVA PV Solar Power Stations for the projects located in Benban (Aswan) in Egypt. The six solar power plants will supply a total of 400 MWp as part of the Power Purchase Agreement (PPA) between Scatec Solar and the Egyptian government. These projects are part of the Egyptian government´s FiT (Feed-in Tariff) program for renewable energies, that aims to develop a

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ABB extends its service network in Zhoushan, China

o continue to provide customers across the globe with greater access to ABB’s high-quality service and parts, ABB Turbocharging has announced the establishment of a branch office of ABB Jiangjin Turbo Systems Co., Ltd. in Zhoushan. Zhoushan, thanks to its superior geographical position and the booming development of China’s marine industry and economy, is now taking over 35 percent of the total working load of ship repair for the country, making it the premier ship repair center in China. With the rapid growth in the demand for efficient and convenient services from customers, ABB foresaw the opportunity at this prime location and reached a strategic cooperation with Zhoushan Xinya Shipyard

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Red Eléctrica de España awards Nexans with a turnkey contract worth over €50 million to manufacture and install an interconnection cable between Majorca and Menorca

The turnkey contract worth over 50 million euros covers engineering, design, supply, installation and testing of the interconnection. The contract was awarded and approved only 20 days after the Spanish Council of Ministers granted the administrative authorisation for construction to Red Eléctrica and declared it as a public utility project. In addition, Menorca’s Special Maintenance Plan will benefit from a special crane to enable round-the-clock work on the high-voltage grid. Red Eléctrica de España has awarded Nexans with a contract worth over 50 million euros to manufacture and install a power cable that will connect the islands of Majorca and Menorca in Spain. The contract was signed only 20 days

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berdrola and Uvesco sign the first PPA in Spain with a distribution group

The power supplied will be 100% renewable and sourced from the newly-built Nuñez de Balboa solar power station Iberdrola has signed a Power Purchase Agreement with Uvesco Group (BM Supermarcados) for the supply of electricity produced from renewable sources on a long-term basis. This makes it the first PPA signed between a power company and a distribution group in Spain. All of the energy supplied will come from a renewable source: the Nuñez de Balboa solar plant that Iberdrola will be building in Usagre (Badajoz-Extremadura). It is set to be Europe’s biggest solar power plant, with a capacity of 391 MW. This contract will save Euskaltel from releasing over 26,700 tons

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Senvion signs conditional contract in USA for 275 MW

Senvion signs conditional contract in USA for 275 MW Third large-scale order for 4.2M140 turbine within a month Senvion signed agreements for the supply and commissioning of 275 megawatts (MW) of wind turbines with the TG East Wind Project that is owned by Taaleri Energia Ltd. NorthRenew, a renewable energy development firm, will co-develop the project with Taaleri. Senvion will supply 58 Senvion 4.2M140 turbines with a hub height of 110 meters as well as ten Senvion 3.2M114 turbines at 93 meter hub height. Commercial operations will commence in 2020. The agreements include a 25-year full service operations and maintenance contract. The TG East Wind Project is located in Knox

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