MadoquaPower2X, the consortium led by Madoqua Renewables along with CIP's Energy Transition Fund and Power2X has awarded NextChem a Pre-FEED engineering services contract for the development of the 500 MW MadoquaPower2X green hydrogen plant located in Sines, Portugal.
The Pre-FEED engineering services include early studies, technology and process review, modularity and logistics analysis and front-end loading of the engineering necessary to obtain the permits and licenses for the project.
MadoquaPower2X will utilize 500 MW of electrolysis capacity to produce 50,000 tons of green hydrogen yearly, as well as green ammonia plant capacity of up to 500,000 kt/y, while avoiding up to 600,000 t/y of CO2 emissions in its initial phase.
Iberdrola has synchronized the first 220 MW turbine at the Gouvães hydroelectric power plant, delivering clean power to the grid for the first time.
Read moreEurope connected 3.6 GW of new offshore wind capacity in 2019 according to the report by WindEurope released today. This is a record in annual installations.
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ENGIE, together with its consortium partners Crédit Agricole Assurances and Mirova, an affiliate of Natixis Investment Managers, has won a competitive process conducted by EDP for the acquisition of Portugal’s second largest hydroelectric portfolio, for an enterprise value and consideration of EUR2.2 billion (US$2.4 billion).
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Siemens Gamesa Renewable Energy has reached an agreement to acquire selected European assets of Senvion Group for EUR200 million (US$223 million).
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EDP Renewables (EDPR), part of Energias de Portugal SA, has completed the sale of its interest in an operating 997 MW European onshore wind portfolio to institutional investors advised by JP Morgan Asset Management.
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