Daily Energy News
Policy & Regulatory
The French Ministry of Ecological Transition has pre-selected ten companies or consortia for the construction of a 250 MW floating wind plant near Belle- Île-en-Mer in the south of Brittany (France). The project, which was officially approved in June 2021 after a public consultation, will the ninth offshore wind plant in France.
The Norwegian Ministry of Petroleum and Energy has received applications from 31 companies for allocation in predefined areas (APA). The APA is the annual licencing round for the best-known exploration areas on the Norwegian continental shelf, and comprises in 2021 84 blocks, including 4 in the North Sea, 10 in the Norwegian Sea and 70 in the Barents Sea. The round was launched on 9 June 2021, and the country aims to award new production licences in early 2022. Bidders include ConocoPhillips, Equinor and TotalEnergies.
Tullow Oil has presented its revised development plan for oil production in Turkana County in Kenya. A draft Field Development Plan (FDP) was submitted to the Kenyan Ministry of Energy & Petroleum. The company, which raised the project’s gross budget to about KES374bn (US$3.4bn), plans to produce 120,000 bbl/d. Tullow Oil aims to recover 585 mbl of oil from the project over the full life of the Turkana field. An 825 km long pipeline, whose construction is expected to last 3 years, will transport the crude oil from Turkana to the port of Lamu.
The Japanese shareholders of the Mexican holding MT Falcon, namely Mitsui (40%), Tokyo Gas (30%), JERA (20%) and Tohoku Electric Power (10%), have agreed to sell their stakes in MT Falcon to the British fund Actis. MT Falcon operates 5 gas-fired CCGT power plants in Mexico with a total capacity of 2,233 MW, and a gas pipeline in the country. The transaction, which is subject to conditions and regulatory approvals, is expected to close before March 20222.
Infrastructure & Investments
Colbún, the second largest power generation company in Chile, has secured environmental approval for the 980 MW Horizonte wind project in the municipality Taltal, in the Antofagasta Region. The company had started the environmental impact assessment for the project in February 2020. The US$700m project, which is expected to generate 2 TWh/year, will include 140 turbines with a maximum power of 7 MW.
The European Investment Bank (EIB) has signed a €250m loan agreement with the Dutch power transmission system operator (TSO) TenneT to finance the 40 km high voltage electricity transmission corridor in the North of the Netherlands between Eemshaven and Vierverlaten, as well as a new high voltage substation in Vierverlaten. The new power transmission line will double the capacity of the existing 220 kV circuit.
PGE and Ørsted have launched a tender to select the supplier of turbines for the Baltica 2 and Baltica 3 offshore wind projects in the Polish Baltic Sea. In May 2021, the two companies created a joint venture to develop two offshore wind projects with a total capacity of 2.5 GW. As part of the agreement, Ørsted acquired a 50% stake in the 1,498 MW Baltica 2 and 1,045 MW Baltica 3 offshore wind projects for a total consideration of PLN657m (€146m). Baltica 2 and Baltica 2 won a contract for difference with a price up to to PLN 319.6/MWh (€70.2/MWh) in April 2021.