New News information at Modern Power Systems New and updated information from News listed on en-us New News information at Modern Power Systems EU €300 bn plan for recovery and resilience by <br/> <br/> On 8 March the European Commission proposed the outline of a plan to make Europe independent of Russian fossil fuels well before 2030. At the European Council on 24-25 March, EU leaders agreed on this objective and asked the Commission to present the detailed REPowerEU Plan which was adopted on 18 May. Tue, 24 May 2022 16:14:00 GMT Floating wind farm proposed for Sardinia by <br/> <br/> A 975 MW floating offshore wind farm off the northeastern coast of Sardinia has been proposed by Falck Renewables and BlueFloat Energy. The developers have set up a series of meetings with local stakeholders before starting the Ministerial authorisation process, to present the project proposal in detail and gather their feedback to be taken into account in the project design. Tue, 24 May 2022 16:12:00 GMT Wärtsilä in green H2 blending trials by <br/> <br/> Wärtsilä is to collaborate with the Portuguese independent power producer Capwatt in the testing of a green hydrogen and natural gas blend fuel for Capwatt power plant located in Maia. The project will start in Q1, 2023 and it aims at testing blends of up to 10 vol.% green hydrogen. The combined heat and power plant which provides energy for Sonae Campus and the national grid currently operates with a 34SG engine running on natural gas. This will be an early case for Wärtsilä using green hydrogen in an existing gas fuelled Wärtsilä power plant. Tue, 24 May 2022 16:10:00 GMT EIA forecasts increasing share of renewables in the USA during 2022 by <br/> <br/> In its ‘Summer Electricity Outlook’, a supplement to its May 2022 ‘Short-term Energy Outlook’, the US Energy Information Administration expects the largest increases in electric power sector generation this summer to come from renewable energy sources, mainly as a result of new capacity additions. It forecasts utility-scale solar generation between June and August 2022 to grow by 10 million MWh compared with the same period last summer, and wind generation to grow by 8 m MWh. Meanwhile forecast generation from coal and natural gas declines by 26 m MWh in the summer, although natural gas generation could increase in some electricity markets where coal supplies are constrained. Tue, 24 May 2022 13:52:00 GMT RWE issues €2 billion green bond by <br/> <br/> RWE has successfully issued a further green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each with maturities in 2026 and 2030. For the first tranche, the yield-to-maturity amounts to 2.2%. For the second tranche, the yield-to-maturity amounts to 2.9%. The issuance has met with strong demand from investors, resulting in a final order book volume of more than €5 billion. Tue, 24 May 2022 13:50:00 GMT Hinkley Point C delayed and will overrun by £3bn by <br/> <br/> Hinkley Point C nuclear power plant developer EDF has announced that the plant is expected to begin operating a year later than planned in June 2027, at an estimated cost of £25 – 26bn. Tue, 24 May 2022 13:47:00 GMT Carbon sequestration project for Louisiana by <br/> <br/> Mitsubishi Corporation has signed a participation agreement with Sempra Infrastructure, TotalEnergies and Mitsui for the development of the proposed Hackberry Carbon Sequestration project at a site in Southwest Louisiana. Tue, 24 May 2022 13:45:00 GMT Drax to trial pioneering new carbon capture technology by <br/> <br/> Drax is collaborating with the University of Nottingham and Promethean Particles at its North Yorkshire power station in trials of an innovative new carbon capture technology. The trial is part of Drax’s ‘bioenergy with carbon capture and storage’ (BECCS) innovation programme and a successful trial could see the technology deployed in future BECCS plants. Tue, 17 May 2022 15:13:00 GMT RWE’s grand scheme for Hollandse Kust West by <br/> <br/> RWE is participating in the Dutch offshore wind tender for Hollandse Kust West (HKW), and company has submitted bids for HKW sites VI and VII. HKW is a major part of the Dutch government’s ambitious build out target of 21 GW for offshore wind by around 2030. The VI and VII areas are located in the North Sea, about 53 km from the Dutch coast. Each site will deliver over 760 MWe of offshore wind capacity. Tue, 17 May 2022 15:10:00 GMT Vestas introduces its V163-4.5 MW WTG by <br/> <br/> Vestas intends to take part in the expected expansion of renewable energy in the coming decade by improving the scalability of new wind power solutions and increasing business case certainty for customers. In view of this demand it is introducing the V163-4.5 MW unit, an expansion of its 4 MW platform and designed to offer ‘superior wind park performance in medium to low wind conditions.’ Tue, 17 May 2022 15:06:00 GMT