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DOE endorses 9 more power projects to NGCP for impact study

DOE endorses 9 more power projects to NGCP for impact study
on July 10, 2021 at 11:18 am
Nine more power projects have been endorsed by the Department of Energy to the National Grid Corporation to undertake system impact study (SIS).
The biggest project among the new additions is Solar Philippines’ Cabatang Tiaong Solar Power Project in Quezon with a capacity of 600 megawatts alternating current (MWac). The firm’s 120/150 megawatt-peak (MWp) solar power project in Concepcion, Tarlac was likewise cleared for SIS.
Power generating companies have to secure clearance from the DOE for SIS before developing their respective projects. This will determine if the power to be generated by the project can be consumed by the country’s transmission system. ....

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AGEL arm commissions 150-MW wind power project in Gujarat; 9 months ahead of schedule

"Adani Wind Energy Kutchh Three Ltd (AWEKTL), a subsidiary of Adani Green Energy Ltd (AGEL), commissioned 150 MW wind power project located in Kutchh, Gujarat, nine months ahead of its schedule," according to a BSE filing. ....

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Suzlon bags order to develop 252 MW wind power project

Suzlon bags order to develop 252 MW wind power project
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Last Updated: Jun 01, 2021, 11:07 PM IST
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Synopsis
The project, located in Sidhpur, is expected to be commissioned in 2022. Suzlon will execute the project with a scope of supply, foundation, erection and commissioning.
Agencies
Suzlon s next generation turbines are designed to optimally harness wind resources at higher altitudes making low wind sites viable.
Suzlon Group has bagged an order from CLP India to develop a 252 MW wind power project at Sidhpur in Gujarat, a statement said.According to the statement, Suzlon will install 120 units of S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, with rated capacity of 2.1 MW each. ....

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Tarlac solar farm boosts PetroEnergy's earnings

BusinessWorld
May 7, 2021 | 12:03 am
YUCHENGCO-LED PetroEnergy Resources Corp. said on Thursday that its attributable net income to the parent firm rose 9% to P319 million in 2020 on the back of higher revenues from its solar plant in Tarlac.
â[PetroEnergyâs] strong financial performance in 2020 was driven largely by the full-year operations of its 20 MW Tarlac-2 solar plant, the latterâs higher than forecasted revenues due to prolonged âsummerâ in 2020, and FIT (feed-in tariff)-rate adjustments,â it said in a regulatory filing.
The operations of the solar plant have offset lower oil revenues from the companyâs oil ventures in Gabon, West Africa as a result of a lower average crude oil price at $49.72 per barrel last year compared with 2019âs $64.94 a barrel. ....

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TechnipFMC plc: TechnipFMC Announces First Quarter 2021 Results

TechnipFMC plc: TechnipFMC Announces First Quarter 2021 Results
Cash flow from continuing operations $182 million, free cash flow $137 million
Subsea inbound orders more than doubled sequentially to $1.5 billion
New partnerships leverage subsea expertise for integrated wind, wave energy
Regulatory News:
Summary Financial Results from Continuing Operations
Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.
Three Months Ended
March 31,
$0.95
$(0.03)
(11.9%)
Total Company revenue in the first quarter was $1,632 million. Income from continuing operations attributable to TechnipFMC plc was $430.3 million, or $0.95 per diluted share. These results included income from the Company s equity investment in Technip Energies of $470.1 million primarily related to a favorable change in fair market value. After-tax charges and credits totaled $444.8 million of credit, or $0.99 per diluted share. Ad ....

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