Akuo wins 370 MW in Portugal's PV tender with a record-low bid

12/08/2019 09:00 Solar


French renewable power producer Akuo Energy SAS confirmed on Thursday it had been awarded 370 MW of solar photovoltaic (PV) capacity in Portugal’s recently held tender.

The company, through its domestic arm Akuo Renovaveis Portugal Lda, secured the largest amount of capacity with three projects of 150 MW, 120 MW and 100 MW, respectively. It also placed the record low bid of EUR 14.76 (USD 16.53) per MWh for its 150 MW project, bidding at a 67% discount to the ceiling price of EUR 45.


Overall, the tender attracted 64 bidders, of which 13 won contracts for a total of 25 projects  with 1,150 MW of combined nominal power. Most of the bidders or 862 MW of the total awarded capacity, opted for the guaranteed remuneration regime (fixed price), while the remaining will receive payments at a variable tariff.

Source: renewablesnow.com

Belene project attracts five expressions of interest

20/08/2019 08:21:00

Five companies have expressed interest in Bulgaria’s invitation for strategic investment in the construction of Belene nuclear power plant on the Danube River near the Romanian border. According to national newspaper 24 Chasa, China National Nuclear Corporation, Framatome, General Electric, Korea Hydro and Nuclear Power and Rosatom have all applied for the selection process.


Equinor completes acquisition with Shell in the US Gulf of Mexico

20/08/2019 08:18:00

The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash.


Daily (19.08.2019): The German spot power price tumbled by 27% due to lower demand

19/08/2019 11:33:00

Oil prices rebounded from previous losses on Friday asfurther support from central banks might alleviate recession worries. Brent crude rose $0.41, or 0.7% to $58.64 a barrel. WTI futures added $0.40, or 0.7% to $54.87 a barrel.