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Advising on Namibia's Leading Energy Projects - Energy Capital & Power: Advising on Namibia's Leading Energy Projects  Energy Capital & Power

Energy and Utilities Industry Trends in 2024 and Electricity Sector Challenges in Sudan 2024 will witness significant transformations in the energy and utilities industry, with several key trends shaping the future of the sector. One of the most prominent of these trends is the accelerated shift towards renewable energy, with a focus on modernizing electricity grids to improve their efficiency and reliability. The use of smart grid technologies and energy storage systems, as well as 5G applications, are critical elements supporting this transformation. In Sudan, the electricity sector faces significant challenges that require innovative solutions and significant investments. Among these challenges are increased demand for electricity, supply deficits, and the need to modernize infrastructure and hydroelectric plants. Sudan also relies on renewable energy projects to fill the energy deficit, but the implementation of these projects requires adequate funding. The trend towards renewable energy and innovation in energy technologies is a necessary step towards a more sustainable future. However, there remains an urgent need to develop effective strategies to address the current challenges in the electricity sector, especially in under-resourced countries such as Sudan. International cooperation and financial support are required to ensure the desired progress in this vital sector. الشركة السودانية لتوزيع الكهرباء المحدودة SUYAN Electric Equipment Industrial

🇦🇺 Singapore to be powered by the world's biggest solar farm located in Australia! With conditional approval, the Australia-Asia Power Link (AAPowerLink) project will deliver 1.75 GW of solar power via a 4,300 km subsea cable, meeting about 9% of Singapore's electricity needs. Located in the Northern Territory, the world's largest solar farm will generate up to 6 GW of clean energy. In the first stage, 900 MW will stay in Australia, powering industrial customers in Darwin, while a further 3 GW is planned for local use. This makes Australia a global leader in renewable energy, driving the nation's goal of becoming a renewable energy superpower! Source: Energymagazine

The $2.3 billion EnergyConnect project, pivotal for integrating South Australia's renewables into the national grid, has encountered significant challenges - cost overruns, delays, and payment defaults. As someone deeply involved in audits and risk advisory services within the energy sector, I've witnessed firsthand how such projects can face these unexpected hurdles. Fixed-price contracts and economic shifts often strain budgets and timelines, impacting project viability. But there are important lessons to be learned from these challenges. Effective risk management demands proactive planning, adaptable strategies, and transparent communication. It's about anticipating disruptions and fostering collaboration across stakeholders to mitigate risks effectively. The EnergyConnect project's setbacks highlight broader issues - such as supply chain dependencies, the volatility of material costs, and the transition away from coal reliance - that shape our energy future. Addressing these complexities requires innovative solutions and a commitment to resilience. I work with companies every day to review and assess their risk management strategies, ensuring they are well-prepared to handle such challenges. By conducting thorough audits, analysing potential risk areas, and developing robust contingency plans, we help organisations navigate the uncertainties of large-scale energy projects. https://lnkd.in/gP7hQUZ3

India has added a record renewable energy capacity of 18.48 GW in 2023-24, which is over 21 per cent higher than 15.27 GW a year ago, according to the latest data of the Ministry of New & Renewable Energy.

Frontier Energy notes a number of recent favourable updates to WA’s energy policy and frameworks which will have a positive impact on the economics of the Company’s Waroona Renewable Energy Project. ✅ WA’s Economic Regulatory Authority has released a draft determination of the Benchmark Reserve Capacity Price (BRCP) for the 2027/28 capacity year of $354,000/MW, a 54% increase on the 2026/27 price ($230,000/MW) ✅ Energy Policy WA released the final Wholesale Electricity Market (WEM) Investment Certainty Review outcomes with multiple significant positive changes for the Project, most notably a minimum reserve capacity price floor set at 50% of the BRCP ✅ All electricity facilities in Western Australia receive capacity credits. This is an ongoing payment made to all generators dependent upon the size of their facility. This payment is in addition to energy sales and other potential revenue streams. ✅ An updated Definitive Feasibility Study is expected to be released in early December incorporating the impact of the above changes together with updated energy price forecasts and reduced capital costs on key equipment items. Read more: https://loom.ly/GJOZwz8

UAE’s renewable energy company Masdar (Abu Dhabi Future Energy Company) is seeking more opportunities in Europe’s green energy sector and will consider both minority investments and controlling stakes, its chief financial officer said, following a deal last week with Spain’s Endesa. 👀 Masdar on Thursday agreed to pay $887m (EUR817m) for a 49.99 per cent stake in 48 solar plants controlled by Endesa, a unit of Italy’s Enel in Spain. The plants have an overall capacity of 2 gigawatts (GW). ☀ Masdar (Abu Dhabi Future Energy Company) has invested in renewable projects around the world at different stages of development, with an overall capacity of roughly 20 GW and a value of more than $30bn. The company expects Europe to be a key contributor to reaching its 100 GW capacity target by 2030.c💲 Source: Reuters

We're pleased to provide an update on the battery procurement process for the Stage One development of our Waroona Renewable Energy Project, which comprises a 120MW solar facility and integrated four-hour 80MW battery. The final battery technology selection has resulted in a 12% increase in the battery duration to approximately 4.5 hours, compared to 4 hours in the Definitive Feasibility Study. The improved battery duration will increase Project revenue compared to the DFS, as more energy can be sold during peak electricity price periods, whilst Reserve Capacity Payments will also be higher than previously forecast. Despite this significant improvement, the capital cost for the battery has fallen by ~5% compared to the DFS (DFS estimate – $118.5m). Our funding strategy continues to progress strongly with both debt financing and strategic partnering well advanced. Read more: https://loom.ly/I6i8OkU

India's installed renewable energy capacity has surged to 203.1 GW, registering a 165% increase since 2014. It is a huge jump for India as it now becomes the fourth nation in total renewable energy installed capacity. Renewable energy is the theme for decades to come.

The Energy Market Authority (EMA) of Singapore has awarded S$7.8 million in research grants to two companies focused on developing innovative energy storage systems (ESS) to support the integration of renewable energy sources, such as solar power, into the grid. These projects aim to address the challenge of energy intermittency and improve the reliability of renewable energy. The first project pilot Singapore's first sodium-ion ESS. Sodium-ion technology is considered a cost-effective alternative to lithium-ion batteries due to the abundance of sodium. The system will feature a liquid cooling thermal management system and adhere to international standards. The project will also assess the performance and safety of sodium-ion batteries in Singapore's climate. The second project investigates the potential of underground ESS to minimize land use. This project will start with a feasibility study focusing on fire safety measures for underground installations and will proceed to develop the necessary infrastructure once regulatory approvals are obtained.