A number of development consortiums, led by Mitsubishi Corp, have been awarded the rights to operate around 1,689 MW of offshore wind farms in Japanese waters.
The Ministry of Economy, Trade and Industry (METI) said that three partnership groups had been chosen for three projects in Japan's first auction for bottom-fixed offshore wind power.
The largest project is an 819-MW wind farm off the coast of Yurihonjo City, Akita Prefecture, that will be…
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Added by sreeja palla on November 21, 2022 at 3:33am —
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Powertis SAU, a Spanish solar energy developer, has sold a majority stake in 421 megawatts of solar PV and 90 megawatts of energy storage projects in Italy to Aquila Capital, a German investment management company.
Solar trackers maker Soltec Power Holdings SA, the parent company of Powertis, announced on Wednesday that the parties had reached a deal in which Aquila will purchase a 51 percent ownership in the projects, with the Spanish firm holding the remaining 49…
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Added by sreeja palla on November 18, 2022 at 3:21am —
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Selkirk will soon be home to North America's first solar glass production factory. Canadian Premium Sand Inc. (CPS) announced that Selkirk will be the new home of the facility.
CPS estimates that once the facility is operational, it will create roughly 300 employment in the area, with the intention of primarily producing solar panels in North America.
"Every piece of (glass) comes from China or some other Asia-Pacific country, and is largely owned…
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Added by sreeja palla on November 17, 2022 at 2:32am —
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Heavy construction equipment is an integral component of any civil, commercial, industrial, or residential construction project.
Depending on job site conditions and construction tasks, construction companies use a variety of construction machinery, including articulated truck, asphalt paver, backhoe loader, boom lift, bulldozer, concrete mixer, dump truck, excavator, motor grader, skid steer loader, telehandler, tower crane, trencher, wheel loader, and wheel tractor…
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Added by sreeja palla on November 15, 2022 at 4:42am —
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Project Highlights
Central Vista Redevelopment Project or Central Vista Projects, refers to the ongoing redevelopment to revamp Central Vista - the administrative heart of the Union Government of India.
Originally designed by Edwin Lutyens and Herbert Baker during British colonial rule, the central administrative area will be altered and retrofitted with modern state-of-the-art infrastructural facilities to meet the demand of the current administrative requirements.
The ambitious…
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Added by sreeja palla on November 14, 2022 at 12:32am —
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The Fehmarn Belt fixed link or Fehmarnbelt fixed link (Danish: Femern belt tunnel) is a part of the Fehmarnbelt project - an undersea tunnel passing through the Fehmarn strait in the Baltic sea between Germany and Denmark.
The Fehmarn belt tunnel will be a direct link between central Europe and Scandinavia, connecting the Danish Island of Lolland to the island of Fehmarn in northern Germany. The 18,2 km long tunnel will cut travel times between the 2 metropolitan cities…
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Added by sreeja palla on November 11, 2022 at 1:56am —
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Project finance is a funding model adopted by project owners to fund capital-intensive projects in public infrastructure, energy, and construction sectors. Unlike traditional financing, project financing is structured around the assets and cash flow of the project without sponsor guarantees.
The past two decades have seen an unprecedented economic boom, especially in emerging economies like China and India. Not to mention, project finance has paved a new wave of global…
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Added by sreeja palla on November 10, 2022 at 2:47am —
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Project finance is a funding model adopted by project owners to fund capital-intensive projects in public infrastructure, energy, and construction sectors. Unlike traditional financing, project financing is structured around the assets and cash flow of the project without sponsor guarantees.
The past two decades have seen an unprecedented economic boom, especially in emerging economies like China and India. Not to mention, project finance has paved a new wave of global…
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Added by sreeja palla on November 10, 2022 at 1:24am —
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A feasibility study is a thorough analysis of all important components of a proposed project in order to assess its technical viability, economic feasibility, and chances of success.
Construction industry projects are capital-intensive and often require millions of dollars. Before spending such an enormous amount, lenders and project owners need to be confident of the project’s success and financial returns.
What is feasibility study?
A feasibility study…
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Added by sreeja palla on November 8, 2022 at 11:37pm —
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The impact of COVID-19 on the global economy is undeniable. The oil and gas industry also felt the impact with crashing oil prices, unstable supply chains, and more. More than just buying industrial equipment or replicating processes on drilling platforms is required to ensure oil and gas business scalability.
Adapting to market fluctuations and evolving company needs is only possible by adjusting internal processes and operating models and developing organizational…
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Added by sreeja palla on November 7, 2022 at 12:30am —
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Solar energy is an abundant and clean renewable energy source. As solar PV power generation continues to grow, solar businesses, developers, and investors are relying on solar PV (photovoltaic) trackers or solar trackers more than ever to generate electrical energy and maximize solar projects’ ROI under cost pressure.
Furthermore, a solar PV tracker purchase is a good investment in the long term to increase solar production and decrease operating costs across geographies…
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Added by sreeja palla on November 3, 2022 at 9:50am —
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EPC (Engineering, Procurement, and Construction) contracts are the most favored contract type in the private sector when it comes to undertaking complex infrastructure projects. An EPC contractor provides end-to-end consultancy and construction services.
EPC contracts are also known as Turnkey Contracts as the project owners just have to turn the key once they float an EPC tender. Thereafter, it is the responsibility of the contractor to complete the project as per the…
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Added by sreeja palla on October 28, 2022 at 8:41am —
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Three football field-sized lasers were employed by scientists to generate a vast amount of energy from fusion, potentially presenting hope for a new source of clean energy.
An array of roughly 200 laser beams was focused on a tiny point to create an eight-times more powerful blast of energy than they had ever done in the past.
Even though the energy lasted for only 100 trillionths of a second, it brought researchers closer to the fusion ignition's…
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Added by sreeja palla on October 27, 2022 at 4:51am —
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Masdar, Abu Dhabi's renewable energy firm, and the Taaleri SolarWind II fund have jointly launched three onshore wind farms in Poland with a total capacity of 51.4 MW.
Masdar and Taaleri, an investment firm specializing in utility-scale wind and solar projects, both purchased 50% of the projects in January, marking their first foray into the Polish renewable energy sector.
The decision to invest in the local market was based on rising clean energy…
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Added by sreeja palla on October 26, 2022 at 8:58am —
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Do you want a higher-level understanding of your buyer persona or potential customer? Are you looking for actionable insights into consumer behavior or a meticulous competitive analysis? A market research firm can help you with these and many more when you need deeper insights beyond internal information, secondary data sources, and market research tools like AnswerThePublic, Google Trends, and Typeform.
It is well known that a cookie-cutter approach does not work for…
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Added by sreeja palla on October 25, 2022 at 8:53am —
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On Monday, oil prices plummeted 2% as investors became more risk apprehensive, hurting stock markets and strengthening the U.S. dollar, making oil more expensive for holders of foreign currencies.
After falling to a session low of $73.52, Brent crude slid $1.42, or 1.9 percent, to end at $73.92 per barrel. After falling as low as $69.86, U.S. West Texas Intermediate (WTI) fell $1.68, or 2.3 percent, to settle at $70.29.
Concerns about Chinese…
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Added by sreeja palla on October 21, 2022 at 5:55am —
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PGE, a US utility, has announced plans to obtain up to 2 GW of renewable energy to help fulfill a goal of lowering greenhouse gas (GHG) emissions from power delivered to consumers by at least 80% by 2030, 90% by 2035, and zero by 2040.
The company has started a public request for proposals (RFP) process and has submitted its first Distribution System Plan to the Oregon Public Utilities Commission (OPUC).
It is expected that by 2030, the amount of…
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Added by sreeja palla on October 20, 2022 at 5:16am —
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TotalEnergies SE has signed an agreement with the Sultanate of Oman's Ministry of Energy and Minerals to establish Marsa Liquefied Natural Gas LLC (Marsa LNG), a joint venture between TotalEnergies (80%) and Oman National Oil Company (20%).
Marsa LNG plans to generate natural gas from Block 10 of the Saih Rawl gas field, roughly 400 kilometers south of Muscat, with the goal of eventually building a low-carbon LNG plant near Sohar driven by solar energy for bunker fuel…
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Added by sreeja palla on October 19, 2022 at 5:42am —
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The merger of Aker BP ASA and Lundin Energy will become Norway's second-largest oil and gas producer, with an annual output of more than 400,000 boe/d expected next year.
The combined business will run six key production hubs on the Norwegian continental shelf, with more growth projected from the North Sea's 500-million-bbl North of Alvheim Krafla Askja (NOAKA), Valhall new process and wellhead platform, and 77-million-bbl King Lear projects.
It…
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Added by sreeja palla on October 17, 2022 at 2:47am —
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The 500-MWac Ibri II photovoltaic (PV) park in the northern governorate of Al Dhahirah, which cost OMR 155 million to build, was inaugurated today.
According to local media, Oman's interior minister, Sayyid Hamoud bin Faisal al Busaidi will launch the solar facility.
Under a 15-year power purchase agreement (PPA) with Oman Power and Water Procurement Company, the park's electricity is routed into the public grid (OPWPC).
At…
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Added by sreeja palla on October 14, 2022 at 9:14am —
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