Saudi Arabia’s ACWA Power, a leading developer, investor and operator of power and water assets, has signed a cooperation agreement with Natixis Corporate & Investment Banking to advance regional clean energy and hydrogen projects. Natixis CIB’s objective is to finance approximately US$2 billion over two years of ACWA Power’s future project pipeline.
Italy’s TSO Snam Rete Gas has acquired a stake in pipelines carrying Algerian gas to Italy in a bid to accelerate hydrogen imports to Europe. Snam agreed to pay Eni €385 million for a 49.4% stake in the pipelines that could soon carry green hydrogen from Algeria to fuel Italian power stations and help decarbonise heavy industry.
Siemens Energy has secured a turnkey contract to build GNA II, a 1.7 GW integrated LNG-to-Power plant at Port of Açu, in the Brazilian state of Rio de Janeiro. Customer is Gás Natural Açu for whom Siemens commissioned the equally-sized GNA I complex in summer 2021 – at an overall project value of more than €1 billion.
Hyosung Heavy Industries (Hyosung) has ordered H2-ready Jenbacher engines from INNIO for the first pilot power plant project in Asia Pacific to be 100% fuelled by hydrogen. The pilot unit will be built at the Hyosung Chemical Yongyeon Plant in the city of Ulsan, South Korea, and is due to start commercial operations in the third quarter of 2022.
Wärtsilä will supply three power plants (150 MW combined) under a contract awarded by the Brazilian energy minister in a reserve capacity auction. The orders were placed in the fourth quarter by companies held by BTG Pactual Asset Management, and Wärtsilä said the engineers of the gas-fuelled plants are scheduled to start operations in April 2022.
Business development specialist NOF has partnered with 8 Rivers Capital and Sembcorp to develop the UK’s first Net Zero emissions power plant on Teesside in northeast England. The 300 MW plant, named Whitetail Clean Energy, could be commissioned as early as 2025 at Sembcorp Energy UK’s site at Wilton International.
H2 Green, a Getech business, will develop a clean energy hub – hydrogen, integrated with onshore wind and solar power – at Shoreham Port in Suffolk, UK. The clean energy hub will remove emissions from the port operator’s fleet of trucks and heavy good vehicles, and could supply hydrogen as a feedstock for gas-fired power stations nearby.
Siemens Energy is fast-tracking works on SuedLink. The high-voltage direct current (HVDC) link will be able to transport of up to 2 GW of electricity from Brunsbüttel to Heilbronn, grid-integrating wind power from the North as well as solar energy from southern Germany. “Timely start-up of SuedLink, the largest grid expansion project in Germany, is crucial to the success of the energy transition,” said Tim Meyerjürgens, managing director of TenneT.