Projects & Finance

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.

Ansaldo Energia has begun construction works on a project aimed at improving the efficiency of the EP Produzione combined-cycle gas turbine (CCGT) in Tavazzano and Montanaso, in Italy’s Lodi province. The new 800 MW CCGT unit is scheduled to start up on November 1, 2023. 

Comisión Federal de Electricidad (CFE), Mexico’s state-owned electricity utility, has ordered two multi-fuel power plants with a combined output of 600 MW from Wärtsilä. The projects will be delivered on a full EPC-basis and are to be completed in phases during 2022 and 2023.

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.

German state-owned railway company Netinera has contracted Rolls-Royce to overhaul up to 180 PowerPacks, based on mtu Series 183 engines. Netinera uses these PowerPacks in its regional trains of the type Siemens Desiro. The contract follows a similar deal for Alstom Lint trains.

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.

The Finish technology group Wärtsilä has won EPC contracts, worth €480 million combined, to realise two power plant projects in Latin America. The plants, based on 22 Wärtsilä 34DF multi-fuel engines and 24 Wärtsilä 50DF multi-fuel engines, are scheduled for completion in mid-2022 and mid-2023.

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.

Page 1 of 226

News in Brief

Ms Mulliez new chair of Siemens Energy’s audit committee

Dec 6 – Laurence Mulliez (55) has been appointed as new Chairwoman of the audit committee at Siemens Energy. Consisting of eight members, the audit committee is part of the company’s supervisory board and tasked with monitoring the accounting process, the internal control system, and audit of the company’s financial statements. 

INEOS digitalises Grangemonth terminal

Dec 3 – INEOS Forties Pipeline System (FPS) has announced plans to digitalise operations at Kinneil Terminal in Grangemouth. The AI-driven optimisations software will help lower emissions and streamline operations of the oil and gas receiving terminal in Scottish waters. The decision follows INEOS’ commitment to curb emissions from its operation at Grangemouth by more than 60% by 2030 as it targets Net Zero by 2045. 

Yokogawa, CCC launch new control system

Dec 2 – Tokyo-based Yokogawa Electric has entered a commercial agreement with Compressor Controls (CCC) to sell a new jointly developed solution. Named ‘CCC Inside for CENTUM VP’ and released on November 2, the device can control processes and turbomachinery at the same time. Under the deal, Yokogawa will supply hardware and software for the system while CCC will leverage its control algorithms, global engineering and technical support for turbomachinery.

Rolls-Royce extends runtimes for MTU engines

Dec 1 – Rolls-Royce has managed to significantly extend engine running times of up to 96,000 hours between overhauls (TBO) for the latest generation of its mtu Series 4000 engines. These engines can now run for up to 25 years before they need a major overhaul, depending on the duration and intensity of use.

SLNG and Linde Gas to develop CO2 liquefaction unit

Nov 30 – Singapore LNG (SLNG) and Linde Gas have teamed up to develop a carbon dioxide liquefaction and storage facility. A feasibility study is underway to build a CO2 liquefaction unit next to the SLNG Terminal on Jurong Island. SLNG chief executive Tan Soo Koong said the company’s objective is cold energy recovery with high efficiency, as well as effective liquefaction and storage to reduce CO2 emissions.

Oseberg upstream shifts from oil to gas

Nov 29 – Equinor has announced plans to invest 10 billion Norwegian crowns ($995M) to change the Oseberg field from primarily being an oil field to becoming a substantial natural gas producer with large remaining gas resources. Oseberg is the third-largest oil producing filed on the Norwegian Continental Shelf, and the operator has submitted and amended development plan to the energy ministry.

ABB, Metacon and Wärtsilä partner on hydrogen

Nov 26 – ABB, Wärtsilä, Metacon affiliate Helbio, and the classification society RINA are jointly working on delivering a power solution for marine application that is fuelled by hydrogen. The aim is to have a scalable solution that will exceed the IMO 2050 target for a 70% reduction in carbon intensity without the need for extensive investment in new infrastructure. Wärtsilä gas engines can already run on a mix of hydrogen and LNG, and the company strives run them 100% on hydrogen fuel in the near future.

Wärtsilä enters Belgian energy storage market

Nov 25 – Wärtsilä has been contracted to supply a 25 MW / 100 MWh energy storage system to a Belgium customer, marking its entry into the Belgian energy storage market. The order was booked to Wärtsilä’s order intake in October 2021, and the system is scheduled to start operating in the fourth quarter of 2022.

Triveni agrees with GEAE Tech to manufacture LM2500 turbine in India

Nov 25 – Triveni Engineering & Industries has signed a 10-year accord with GEAE Technology USA to produce the LM2500 gas turbine base and enclosure locally in India. The turbine is the chosen propulsion equipment for many surface combatant vessels of the Indian Navy.

Wärtsilä launches lighter IQ-Series scrubber

Nov 24 – Wärtsilä has launched a new IQ Series exhaust gas treatment system, designed by its Exhaust Treatment business unit in Moss, Norway. Designed with a smaller footprint, the new scrubber takes up 25% less space, is 30% lighter, and has 35% less volume which makes it particularly adapt for use on container ships, but also for stationary engines.

Afreximbank signs loan for Aba IPP in Nigeria

Nov 23 – African Export-Import Bank (Afreximbank) has signed a $50 million term loan facility for the Aba Integrated Power Project (IPP) in Nigeria, which comprises of a 141 MW gas-fired power plant and a 27-kilometer feeder pipeline and a distribution utility. Before greenlighting the loan, the bank advised projects sponsor Geometric Power on restructuring sol-called “gap capital” in the $332 million recapitalisation funds for the Aba IPP.

SiGreen tracks products’ emissions data

Nov 22 – Siemens has developed an ecosystem-based approach to calculate Product Carbon Footprint (PCF) with a with a view to track and reduce emissions. SiGreen helps exchange emission data along the supply-chain and combine it with data from a company’s own value creation to obtain a product’s true carbon footprint.

ELGi expands oil-free compressor series

Nov 19 – Belgium-based ELGi Compressors Europe has marketed introduced four new air compressors, the AB11, AB15, AB18 and AB22 that expand the company’s AB Series portfolio, ranging from 11KW to 110KW. The new the AB11-22 range helps customers optimize moisture separation, cooling and capacity control which directly translates into savings on electricity use.

Double-digit growth seen for GT market

Nov 18 – The market for gas turbines (GT) is forecast to witness a double-digit growth between 2021 and 2028, according to Global Market Vision projections. Leading manufacturers surveyed in the consultancy’s latest report include Doosan, Mitsubishi, MJB International, Siemens, GE, PW Power Systems, Solar Turbines, Dresser-Rand, Kawasaki, MAN Diesel & Turbo, OPRA Technologies, MTU Aero Engines, Wood Group and Chromalloy Gas Turbine.

Gazprom aims to increase contractual supply to VNG

Nov 17 – Russia’s Gazprom is in negotiations with VNG, one of Germany’s largest gas importers, to extending long-term gas supply contracts and “increase the supply volume thereunder.” Leipzig-based VNG imports and stores Russian gas in Germany’s eastern states and Berlin, and together with Gazprom it is building the Katharina underground gas storage (UGS) project with a design capacity of 650 million cubic meters (mmcm) of working gas volume and 26 mmcm daily withdrawal rate. The Katharina UGS is due completed in 2025.

Eaton offers IFPM73 fluid purifier with higher flow rate

Nov 15 – The Filtration Division of energy management company Eaton has added a higher volume flow rate system to its IFPM series of PLC-controlled, mobile, off-line fluid purifiers. Complementing the IFPM 33, which has a flow rate of 8 gpm (30 l/min), the new IFPM 73 has over double the flow rate of 20 gpm (70 l/min) for purifying oils and gas liquids stored in large tanks and reservoirs. 

General Fusion sets up new base in Tennessee

Nov 12 – General Fusion has set up a new operations base in Oak Ridge, Tennessee, as it seeks to commercialize fuson technology in collaboration with national laboratories, universities, and the U.S. government. This expansion will create up to 50  technical jobs.