Page 14 - AsiaElec Week 36 2022

AsiaElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AsiaElec

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup REM: Dominion may abandon 2. 6-GW wind
Global (NRG Power), in which the reader is project off Virginia if regulators require perfor-
invited to join our team of international editors, mance guarantee
who provide a snapshot of some of the key issues Dominion Energy Virginia says it will abandon
affecting their regional beats. We hope you will like its planned 2. 6-GW offshore wind farm off the
NRG Power’s new concise format, but by clicking US Mid-Atlantic coast if state regulators do not
on the headline link for each section the full text reverse their decision to guarantee a certain
will be available. performance for the $9. 8bn project. Dominion
has requested a rehearing from the State Cor-
AfrElec: Botswana: BPC, Scatec sign PPA for poration Commission.
50-MW solar photovoltaic plant construction
State-owned Botswana Power Corp. (BPC) has ENERGO: Romania adjusts and prolongs “cap
signed a power purchase agreement with Nor- and subsidy” scheme for energy prices
wegian renewable energy solutions provider The government of Romania passed an emer-
Scatec for the construction of a 50-MW solar gency decree on September 1 amending and
plant, the companies announced on August 31. prolonging the decree OUG 27/2022issued in
Scatec is one of the leading renewable energy February pertaining to the so-called “cap and
solutions companies in the world with ongoing subsidy” scheme aimed at protecting end-us-
wind, hydro and solar power projects in Africa, ers from excessive rises in electricity and nat-
Asia and South America. ural gas prices. The new decree prolongs the
validity of the scheme until the end of August
2023 (from the end of March 2023) and seeks
to secure a better balance between the cost of
the subsidies and the revenues generated from
the “solidarity contributions”, which are taxes
levied on the “windfall revenues” derived by
energy companies.

P14 www. NEWSBASE .com Week 36 07•September•2022