The 70 MW project is planned to be built on 88.5 hectares of land and is expected to produce 114 GWh per year. The company is in advanced negotiations to purchase an additional 39.4 hectares of land adjacent to the project. The goal is to install an additional 35 MW, thereby increasing the project's capacity to 105 MW. This amount is based on a selling price of EUR 70 per net MWh for a project duration of at least 25 years. The deal is contingent on receipt of a 70 MW construction permit and assumes no material adverse change in the project's performance.
The deadline for obtaining a building permit is 16 months from the date of signing the agreement. Completion of the transaction is subject to several conditions, including approval by the North Macedonia Commission for the Protection of Competition.
Taaleri Energia will own 100% of the wind farm through its Taaleri SolarWind II fund and Encro, the project's original developer. The wind farm should generate about 317 GWh of electricity per year, enough to supply about 85,000 households. During operation, they will offset approximately 78,000 tonnes of CO2e per year. This is the first utility-scale renewable energy project to be developed outside of a state subsidy program.
The Hydrogen Industrial Zone project involves the construction of a 25 MW solar power plant that will provide green energy to the 10 MW hydrogen electrolyzers defined in the EU hydrogen strategy. The project is expected to save 3,000 GWh of energy per year, while its renewable energy production is estimated at 33,000 GHW per year. The conceptual design has been strongly endorsed by the European Clean Hydrogen Alliance.
Sinopec (Sinopec Corp.) plans to produce 20,000 tons of green hydrogen per year when the facility is completed. The plant is located in the northwestern region of Xinjiang and cost about $470.8 million to build. The hydrogen produced by the future plant will be supplied to the neighboring Sinopec Tahe Refinery to replace natural gas for hydrogen production.
V.Group's three new vessels will be used on Shell's long-term time charter. New York-based tanker company International Seaways owns the three LNG dual-fuel VLCCs. In addition to emission-reducing LNG-powered engines, the vessels feature optimized hull shapes and propellers. René Kofod-Olsen, CEO of V.Group, said: "We see LNG as the main transition fuel to achieve our goal of decarbonising shipping".
A dual-fuel LNG (liquefied natural gas) shuttle tanker ordered by NYK Offshore Tankers AS, a subsidiary of NYK, was delivered on August 2 at Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea. The shuttle tanker will be chartered to ENI Trade & Biofuels S.p.A and will be engaged in oil transportation in the North Sea and Barents Sea. It will use LNG fuel, which is more environmentally friendly than traditional petroleum fuels, and will be equipped with a VOC recovery system and energy storage system5, thereby reducing greenhouse gas emissions.