RENEWABLE PROJECTS

Contractors include Fred. Olsen Windcarrier, EEW SPC, Dajin Offshore, Jan De Nul, Hellenic Cables and Siemens Energy.

United Kingdom

Floating Offshore Wind Farm

Ayre

Thistle Wind Partners

$3.5bn

Development of a 1GW floating offshore wind farm off the coast of Orkney, successful through the ScotWind leasing round. Seabed surveys have commenced, which will include geophysical and metocean studies. Should consent be granted in 2025, financial close will occur in 2028.

JAPAN

Offshore Wind Farm Hibikinada

Hibiki Wind Energy

$1.5bn

Construction of a 238MW nearshore wind farm, located 10km off the Port of Kitakyushu City in Kyushu Island. Vestas has been selected to supply 25 x V174-9.5MW turbines, alongside long-term active management services for the units.

USA

Offshore Wind Farm Empire Wind II

Equinor & BP

$2bn

Proposal for an additional capacity in the lease area OCS-A 0512 14 miles south of Jones Inlet, Long Island, totalling 1,260MW. Sembcorp Marine Offshore Platforms has secured a turnkey EPC, offshore hookup and commissioning contract for the offshore substations of the Empire Wind 1 and 2 projects.

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United Kingdom

Offshore Wind Farm

Hornsea Three Ørsted

$6bn

Development of a 2,852MW offshore wind farm located 120km off the coast of Yorkshire in the North Sea.

Cadeler has inked two contracts totalling between US$548m to US$768m for the installation of monopile foundations and approximately half of the project's wind turbines.

NKT has also secured a contract for the HVDC on- and offshore export cable system, estimated at around €500m.

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Bangladesh

Offshore Wind Farm Bay of Bengal Bangladesh

Bangladesh Ministry of Power, Energy and Mineral Resources

$3bn

26 prospective blocks have been identified in both deep and shallow seas. A site selection process for the Bay of Bengal and Bangladesh power system will be established and the two most promising blocks will be studied in greater detail during the detailed feasibility study.

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INDONESIA

PLTP Baturaden Geothermal Power Plant

Sejahtera Alam Energy (SAE) $900m

A geothermal power plant in Baturaden, Indonesia, with a capacity of up to 2 x 110 MW. The reserves in the area can reach up to 280MW. SAE seeks to renew its exploration permit, which expired on 10 January 2023. Three exploration wells were drilled by SAE, but the results were unsatisfactory – hence the drilling of additional exploration wells.

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United Kingdom

Westray Firth Floating Tidal Turbine Project

Orbital Marine Power $147m

Development of a 30MW tidal project consisting of 12 units of the 2MW each O2 floating tidal turbines in Westray Firth, adjacent to the European Marine Energy Centre (EMEC). The Crown Estate Scotland has awarded an option agreement to Orbital Marine Power for the project. Orbital already has a grid connection in place for the proposal.

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Netherlands

Offshore Solar Farm

Hollandse Kust Noord (North)

CrossWind $100m

Development of an offshore solar farm located around 18.5km from the coast. The farm will be positioned within the 759MW offshore wind farm Hollandse Kust Noord. Oceans of Energy was awarded the contract to install the solar plant, which will be online in 2025.

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ISRAEL

EWP-EDF One Project

Eco Wave Power

$20m

Construction of a wave powered energy station at the Port of Jaffa in Tel Aviv. Eco Wave Power has signed a power purchase agreement (PPA) with the Israeli National Electric Company for the project. The PPA is based on the official feed-in tariff set by IEA in August 2022.

ARGENTINA –PARAGUAY

Corpus Christi Hydro Power Plant

Comisión Mixta del Río Paraná (COMIP)

$4.5bn

Development of a 2.83.1GW hydro power plant on the Paraná River, on the border between Argentina and Paraguay. The plant would feature 20-22 Kaplan turbines and concrete face rockfill dams (CFRDs). Argentina's Energy Secretary has presented the project to potential German investors.

12 NIGER

Solar Farm Niger

Savannah Energy $200m

Proposal of a 200MW solar project in southern Niger near the border with Nigeria and within 20km of the cities of Maradi and Zinder. The development consists of two solar farms with capacity between 50MW and 100MW. An MoU has been signed for the project, and feasibility studies will take place in the next 12 months.