Daily News Wrap-Up: Macquarie to Invest in Offshore Wind Projects in Norway
Mitsui OSK Lines, Origin Energy to build a supply chain of green ammonia
Here are some noteworthy cleantech announcements of the day from around the world:
Investment firm Green Investment Group (GIG), a subsidiary of Australian bank Macquarie, has partnered with Norwegian renewable energy developers Agder Energi and Vårgrønn to build new offshore wind capacity in Norway. The consortium will bid for a site in the Norwegian Sørlige Nordsjø II area, comprising up to 3 GW of new offshore wind capacity. Vårgrønn and Agder Energi will own 37.5% each, and Green Investment Group will own 25% of the consortium. Vårgrønn will be the project manager.
Mitsui OSK Lines (MOL) has signed a memorandum of understanding for a joint study to build a supply chain of green ammonia with the Australian energy company Origin Energy. Origin is pursuing several green ammonia and hydrogen projects, including a green ammonia export project in Tasmania. The first cargo of green ammonia is targeted for 2026. MOL and Origin will complete a feasibility study on marine transportation of ammonia, demand in Japan and Asia, and developing a supply chain by the end of 2021.
EDP Renewables, through its 100% subsidiary EDP Renewables North America, announced the commercial operation of its 180 MW Wildcat Creek Wind Farm in Texas. Wildcat Creek Wind Farm marks EDPR’s fifth operating wind farm in Texas and is its second project to recently come online in the state. The wind farm is anticipated to disburse $38 million in cumulative payments to local governments over the project’s life. It will pay out a total of approximately $72 million in land-lease payments to local landowners. According to the company, it has made renewables investments of $1.5 billion in the state.
Yara International, Aker Clean Hydrogen, and Statkraft launched Herøya Green Ammonia (HEGRA), a joint venture (JV) to electrify and decarbonize the ammonia plant at Herøya. Through the JV, the companies aim to enable large-scale green ammonia production in Norway. The decarbonization project will reduce CO2 emissions by 800,000 tons annually, equivalent to taking 300,000 fossil-fueled cars off the road. HEGRA is co-owned by Yara, Aker Clean Hydrogen, and Statkraft, with each company owning a third share. HEGRA aims to meet the European Commission’s ambition to reduce its emissions by 55% by 2030.
Energy company St1 Nordic Oy and the Norwegian clean energy company Horisont Energi AS announced a memorandum of understanding to develop a green ammonia project in Finnmark, Northern Norway. The partnership aims to produce green ammonia for various renewable energy products for transport and industry. St1 and Horisont Energi will conduct pre-studies for the potential of green ammonia production in Finnmark-based upon electrolysis using wind power, hydrogen from various green feedstocks and explore the use of several new and alternative technologies in green ammonia production.