Vestas obtains 120 MW wind order from Morocco

03/08/2016 10:13 Renewable


Vestas obtained a 120 megawatt wind turbine order for the Khalladi wind park, in the windy Tangiers area of northern Morocco, the firm made known on Tuesday.

Vestas will offer 40 units of 3 megawatt wind turbines to the wind park. The park will be the first clean energy project funded by the European Bank for Reconstruction and Development (EBRD) in Morocco to permit to private producers to sell power through electricity purchase agreements to industrial off-takers. In addition to the EBRD, the project will be co-financed by the Moroccan bank BMCE and Argan Infrastructure Fund, an Africa-focused infrastructure fund run by Infra Invest, according to Vestas. The Danish firm declared the order will enhance Vestas' increasing presence in the region which has either already installed or under construction over 900 megawatts of capacity in Africa. Turbine delivery is scheduled for the second quarter of 2017, while commissioning is estimated for the fourth quarter of 2017.

Daily (09.12.2019): Brent posts a 3.1% weekly gain following OPEC decision to reduce output target

09/12/2019 12:49:00

Crude oil prices soared on Friday as OPEC+ agreed in Vienna to extend output cuts by 500,000 barrels per day in early 2020. Consequently, Brent crude rallied by $1, or 1.6%, to settle at $64.39. It recorded a weekly hike of 3.1%. U.S. WTI crude rose by 77 cents, or 1.3%, to $59.20 per barrel. For the week, WTI jumped 7.3%, after a 4% rise reached on Wednesday after data indicated sharp declines in U.S. crude inventories.


Vestas books 137MW US tour

09/12/2019 09:06:00

Vestas has received a turbine order totalling 137MW from an unnamed client for an undisclosed wind farm in the US.


Russian company to initiate feasibility study of undersea gas pipeline in 2020

09/12/2019 09:01:00

Russian company Gazprom is set to initiate the feasibility study in the first quarter of 2020 for laying down undersea pipeline starting from Persian Gulf to Pakistan, India and Bangladesh initially that will ultimately end to China after touching Myanmar and Thailand, a senior official of the Petroleum Division privy to the development told The News.