Page 14 - AsiaElec Week 12

AsiaElec
NEWS IN BRIEF
AsiaElec
Holdings Ltd has commenced commercial operation at its 38.7MW Sonnedix Oita Solar solar photovoltaic (PV) park in Japan’s Oita prefecture on March 16.
Announcing the news today, Sonnedix said it expects the facility to generate 46,400MWh of electricity in its first full year of operation. This much output can power up around 15,500 households, the independent power producer (IPP) added.
The PV park will operate under a 20- year power purchase agreement (PPA) with Kyushu Electric Power Company, Inc (TYO:9508).
Sonnedix Oita Solar is equipped with 340-Wp LG ground-mounted modules and 1,667-kW central PV inverters manufactured by Toshiba- Mitsubishi-Electric Industrial Systems Corporation (TMEIC). Maetel Construction Japan, a unit of Spanish infrastructure group ACS (BME:ACS), was tasked with building the facility.
Sonnedix Japan fully managed the project through the development, financing and construction phases, the company said. The new PV park lifts the Sonnedix Group’s operating capacity to 95MWp in Japan. The group expects a further 116MWp to reach commercial operation date (COD) in 2020.
WIND
Vestas wins 50MW order in China
Denmark’s Vestas has received a 50MW order from Chinese transformer maker TBEA for the Wanghaotun wind project in Shandong province.
The order is for the supply V120- 2.2MW turbines delivered in 2.4MW Power Optimised Mode. The deal also includes
a 5-year Active Output Management 4000(AOM 4000) service agreement.
Deliveries are expected to begin in the second quarter of 2020, while commissioning is planned for the third quarter of the 2020. VESTAS
MHI Vestas awards sub-
contract to Tien Li Offshore
Wind Technology
Tien Li Offshore Wind Technology Co., Ltd. (TLC) has today finalised a sub-supplier contract with MHI Vestas to manufacture blades for turbines to be delivered in upcoming Taiwanese projects.
Building upon a Memorandum of Understanding (MOU) agreed in March 2018, MHI Vestas has signed a conditional contract with TLC for blade manufacturing in Taiwan. This is the first localisation agreement made by a wind turbine manufacturer to enable blades to be produced locally. As part of the agreement, a new manufacturing facility will be constructed in Taichung Harbour.
“The finalisation of this contract is a significant milestone for the delivery of
the comprehensive industrial plan we have developed for Taiwan,” said MHI Vestas Chief Supply Chain Officer, Robert Borin. “We are proud to reach this agreement with Tien Li to deliver a critical piece of our industrial plan, by ensuring that blades for our world-class V-174 turbines are made locally. We look forward to working with Tien Li to supply our customers with Taiwanese blades.’’
MHI Vestas has been awarded firm contracts for the Changfang and Xidao projects developed by CIP (total combined capacity of 589MW), as well as preferred supplier status for the 300MW Zhong Neng project co-developed by CSC and CIP.
MHI VESTAS
SOLAR
ACWA Power-led Oman
solar project reaches
financial closure
A consortium consisting of ACWA Power, GIC and AEPC has achieved financial closure for its 500MW solar PV Independent Power Project (IPP), the largest utility scale solar plant in the sultanate of Oman.
The $400m project will be funded on a debt to equity ratio of 70:30. A syndicate of six
international and local lenders will provide the $275m senior debt.
The mandated lead banks, including Asian Infrastructure Investment Bank (AIIB), Bank Muscat, Riyad Bank, Siemens Bank, Standard Chartered Bank and Warba Bank, helped structure the project in Oman on a 16.5-year door-to-door tenure.
The deal represents the first renewable energy financing of its kind in Oman by AIIB, the Beijing headquartered international multilateral development bank.
ACWA Power chief executive Paddy Padmanathan said: “This milestone further asserts our commitment to provide low cost and sustainable electricity supply solutions to clients like the Oman Power & Water Procurement Company (OPWP).
“Successfully achieving financial closure during these challenging times is a testament to the determination of all the stake holders in this project to keep doing the best we can within the constraints we all need to work within.”
ACWA Power chief investment officer Rajit Nanda said Oman is a key country for ACWA Power’s operations in Middle East.
Nanda added: “Achievement of this milestone together with our partners – co-shareholders, contractors and the bank group comprising of international and local banks - notwithstanding the trying financial and macroeconomic challenges prevalent
the world over resulting from the COVID-19 outbreak demonstrates our structuring capabilities, the resilience of our long lasting partnerships and our commitment to OPWP.”
The 500 MWac Ibri 2 solar project based in Ibri will be Oman’s largest utility-scale solar PV Independent Power Project to date.
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Week 12 25•March•2020