Clément LACROIX

Clément LACROIX

Alen Project: A Gas Hub In Equatorial Guinea?

The Alen project, the first phase of Equatorial Guinea's mega-project named Gas Mega Hub, was launched last Friday, February 26. The objective of this global project is to transform Equatorial Guinea into an African gas mega-hub. This will be done through the development of several offshore gas centers and the monetization of nearby gas reserves. Alen Project: 1st phase of the Gas Mega Hub project The Alen project is the first phase of the Gas...

Oil Prices: The Situation Prior to the OPEC Meeting

Oil prices are expected to move significantly in the coming days due to the OPEC+ meeting scheduled for Thursday, March 4. Member countries will discuss whether to supply more crude oil to the market. Currently, there are differences within the organization as to the strategy to be adopted to supply oil. Russia would indeed be more inclined to supply the market than Saudi Arabia. Should production be increased or maintained? A look at the different...

French Nuclear Power: 10 More Years for Old Reactors?

French nuclear power and its 32 900 MW reactors of EDF will be able to operate 10 years longer than the 40 years initially planned. The ASN has just given the go-ahead for the extension of their lifespan. This long-awaited opinion came at a time when many of EDF's nuclear power plants, built in the 1970s and 1980s, are reaching the end of their lives. These reactors are the oldest in the French fleet. Their...

Energy Transition Australia: A “Rising Tide” of RE

Australia's energy transition to renewable energy will disrupt the national energy market. One report states that five of the remaining 16 coal-fired power stations in Australia may no longer be financially viable by 2025. This would be due, in large part, to the massive influx of cheapsolar and windpower onto the electrical grid. Speed of Australia's energy transition underestimated Australia's energy transition and the disruption of the domestic energy market has been the subject of...

Ashama Solar Park: The Largest in West Africa

The African solar park will grow considerably thanks to the future Ashama solar farm which should develop 200 MW of power. This farm, which is expected to take place in Nigeria, will be the largest solar photovoltaic farm in West Africa. This project is the result of collaboration between the Singaporean renewable energy company B&S Power Holding and Nigerian investment entity Sunnyfred Global. It would then meet the energy needs of Nigeria, a country in...

Offshore Wind Farm: Borssele III and IV Ready in the North Sea

The Borssele III and IV offshore wind farm located in the North Sea off the coast of the Netherlands is ready to go into operation. Developed by the Blauwwind consortium, this 731.5 MW wind farm will be officially handed over to the operations team this Thursday, February 18, 2021. 3 TWh/year are expected, enough to supply 825,000 homes, or 2.3% of Dutch electricity demand. A 731.5 MW offshore wind farm 77 MHI Vestas 9.5 MW...

Energy Transition United States: 23% RE by the end of 2020

The U.S. energy transition is well underway as evidenced by the November 2020 electricity generation metrics. In this month, 23% of the electricity production was actually from renewable energy sources. This percentage is a net increase over previous years. At the same time, the traditional and polluting sectors of the American economy (coal, natural gas, oil exploration) survive and export. U.S. energy transition on track The energy transition in the United States can count on...

Energy Market in India: What Balance of Sources?

The energy market in India is changing. The country is accumulating successes in its recent energy development. Nevertheless, many challenges remain, including those related to the Covid-19 pandemic. In this sense, the IEA India Energy Outlook 2021 report released this February 2021 explores the opportunities and challenges ahead for India. This report presents India's possible energy futures through four different scenarios: The Stated Policies Scenario (STEPS) provides an assessment of where the Indian energy system...

Rural Electrification in Africa: NEXANS in Ivory Coast

Rural electrification in Africa is progressing with 35 Ivorian communities newly equipped with electrical infrastructure. The French company NEXANS contributed to the operation. This project is part of the Ivorian National Rural Electrification Program (PRONER). Rural electrification in West Africa Rural electrification in Africa is a major development issue for the continent. The Ivorian government has therefore done its part through its National Rural Electrification Program. The latter aims to connect all rural Ivorian communities...

Renewable Energy: Vestas Uses Apple Tech

Renewable energies are now using technologies from tech companies to increase their efficiency. Between the promise of a better customer experience, time savings and money, new technologies are enabling renewable energy project developers to support more ambitious growth plans. In this sense, Vestasa leader in sustainable energy solutions, is now using Apple for the development of its wind farms. Indeed, the iPhone and iPad help Vestas manufacture, install and maintain wind turbines around the world....

Oil

Oil exploration: a dry well in the North Sea

Oil exploration in the North Sea has revealed traces of oil at Mandal High off the Norwegian coast. However, these traces are not sufficient for the oil company MOL Norge to perpetuate the drilling started on February 10, 2021. The well has been classified as dry and will be closed shortly and abandoned. Read on energynews.com: Oil market: between Covid-19, OPEC+ and RE in 2021 Oil exploration off Norway Oil exploration off the Norwegian coast...

Nord Stream 2 in France: Macron supports Merkel

Nord Stream 2 enjoys a favorable image in France as well as in Germany for the development of European energy. This is especially true since the discussions between the two French and German leaders on Friday, February 5. Emmanuel Macron finally supported Germany in its approach. However, a few days earlier, France asked Germany to review its participation in the Russian gas pipeline project. Part of Europe and the United States do not want it,...

Floating solar farm: the first of EDF Renewables in France

The French floating solar park will soon expand. This was announced by EDF Renewables on February 3, 2021. Indeed, the subsidiary of the EDF group should soon build its first floating photovoltaic power plant in France at Lazer in the Hautes Alpes on a water reservoir. This plant should develop 20 MW of power. EDF Renewables' first floating solar farm in France The construction of this floating solar farm is part of the EDF Group's...

Uranium deposits: Orano’s exploration in Greenland

Uranium deposits will be explored in Greenland after Orano obtained two exploration permits. The operations authorized by the local government concern two areas, the southeast and the southwest of the island. Thus, Greenland has recently started mining activities on its soil. Uranium deposits entrusted to the French group Orano The exploration permits for the uranium deposits have been awarded to the French group Orano (formerly Areva) and will be launched in 2021. The aim is...

Solar Park: 2.2 GW more for Total in the United States

Total's U.S. solar fleet is set to expand, with the company announcing on February 5 that it has acquired an additional 2.2 GW in Texas. This is in addition to 600 MW of battery storage assets also in Texas. Following the announcement of a joint venture in solar energy with the American company 174 Power Global, Total is expanding its portfolio with SunChase Power and MAP RE/ES. Total's U.S. solar fleet expands by 2.2 GW...

Photosol re-finances itself with 160 million euros

Photosol, the first independent developer and producer of solar energy in France, is finalizing the re-financing of its solar portfolio. This means that 160 million euros have been injected into the management of these 22 photovoltaic plants. Photosol re-finances its EUR 160 million portfolio. On January 27, 2021, Photosol announced the refinancing of its photovoltaic portfolio to the tune of 160 million euros. This refinancing was carried out by Banque Postale, BPIFrance and Caisse d'Epargne...

IPO: £300 million for NextEnergy Renewables

A £300 million IPO was announced earlier this week by British company NextEnergy Renewables (NREN). With this IPO, the company British NREN for the development of solar energy will be able to open its capital to investment. Read on energynews.com: ExxonMobil Chevron merger: talks for 1 year? An IPO and 300 million pounds expected NREN's IPO, according to its president Anne Wade, is a unique investment opportunity in renewable energy. The company's ambition is to...

European Battery Innovation: the €2.9 billion European project

The European Battery Innovation, the 2nd major project of common European interest (PIIEC), has just been authorized by the European Commission. This project aims to support European research and innovation in the battery value chain. 2.9 billion euros of public aid have just been validated from 12 member states of the European Union (EU). These countries include Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden. This new PIIEC is expected...

Keystone XL: redirecting workers into Solar?

The controversial Keystone XL project in the United States was cancelled by Joe Biden on his second day in office. John Kerry then suggested that the laid-off workers be redirected to the manufacture of solar panels. Read on energynews.com: Keystone XL: Joe Biden buries the controversial pipeline Keystone XL Cancelled, John Kerry Wants to Redirect Workers Following the Keystone XL cancellation, John Kerry says solar is an alternative for laid-off workers. Their skills would be...

Aker ASA: €900 million for Mainstream Renewable Power

Aker ASA announced that it has acquired Mainstream Renewable Power through its investment subsidiary Aker Horizons. For the sum of 900 million euros, the Norwegian investment company has just acquired 75% of the capital of a major player in renewable energy. Aker ASA also acquires shares in SuperNode The acquisition of 75% of Mainstream Renewable Power Aker ASA and its subsidiary Aker Horizons have acquired 75% of Mainstream Renewable Power for approximately €900 million. The...