Page 12 - AsiaElec Week 16

AsiaElec
NEWS IN BRIEF
AsiaElec
HYDROGEN
Australia’s ARENA
opens $70mn hydrogen
deployment funding round
The Australian Renewable Energy Agency (ARENA) has opened its A$70mn Renewable Hydrogen Deployment Funding Round to help fast track the development of renewable hydrogen in Australia.
The funding round is expected to play a significant role in supporting commercial- scale deployments of renewable hydrogen
in Australia and facilitate cost reductions in production in order to achieve the goal of H2 under $2.
The funding round aims to support two or more large-scale renewable hydrogen projects, with electrolyzers of a minimum of 5MW capacity, with a preference for 10MW or larger.
These projects will be expected to be among the largest electrolyzers in the world. Each project must be powered by renewable electricity, either directly or through power purchase agreements or large scale generation certificates.
The Renewable Hydrogen Deployment Funding Round follows the release of the National Hydrogen Strategy last year and
is in line with the Australian Government’s focus on growing an innovative, safe and competitive hydrogen industry in Australia.
The funding round will also help to
stimulate jobs and economic growth through the application stage of the funding round
as well as the construction and ongoing operation of projects.
To date, ARENA has already committed more than A$55mn in funding to support pre-commercial activities including power- to-gas and renewable ammonia and has invested in feasibility studies for commercial- scale deployments of hydrogen including Dyno Nobel, Queensland Nitrates, Yara and Stanwell.
“Australia is well placed to become a major renewable hydrogen producer and exporter. We are blessed with some of the world’s best wind and solar resources, a large sparsely populated landmass, and as a major energy and resources exporter, we are already an experienced and trusted trading partner for countries like Japan and South Korea that will be the future hydrogen importers,” said ARENA CEO Darren Miller.
ARENA
WIND
MOL signs contract for
Greater Changhua wind
farms in Taiwan
Mitsui OSK Lines has announced the signing of contracts to build and charter
a service operation vessel (SOV) that will provide maintenance support for the Greater
Changhua Wind Farms in Taiwan.
MOL and Ta Tong Marine signed a charter
contract for the SOV with Ørsted Taiwan Limited, a wholly owned subsidiary of Ørsted A/S in Denmark, through Ta San Shang Marine Co Ltd, a joint company of MOL and TTM. At the same time, Ta San Shang Marine signed a contract with VARD Singapore Pte Ltd, a wholly owned subsidiary of VARD Group A/S in Norway, to build the new vessel.
The SOV is designed by VARD Design in Norway and is slated to be delivered at Vard Vung Tau, a VARD subsidiary shipyard in Vietnam, during the first half of 2022.
Then, it will provide maintenance support operations for the Greater Changhua Wind farms under development by Ørsted, for a term of 15 years, with an extension option to 20 years. This marks the first SOV project in Taiwan, and in fact, in all of Asia.
SOVs are ships specially designed to support maintenance of offshore wind farms utilised mainly in Europe which is a center of offshore windfarm industry and expected to be utilised in Taiwan (Note 2) and other Asian areas with expansion of offshore windfarms. MITSUI OSK LINES
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Week 16 22•April•2020