Page 16 - AsiaElec Week 20 2022

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

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup bids totalling $315mn. The tracts have a capac-
Global (NRG Power), in which the reader is ity of 1.3 GW.Offshore wind lease sales in the
invited to join our team of international editors, US have not previously required such an invest-
who provide a snapshot of some of the key issues ment
affecting their regional beats. We hope you will like
NRG Power’s new concise format, but by clicking ENERGO: Kosovo completes talks on
on the headline link for each section the full text $236.7mn deal with US on energy transition
will be available. Kosovo’s Prime Minister Albin Kurti said on
May 14 that the country has completed nego-
AfrElec: Octopus Energy joins Xlinks in $21.9bn tiations on a$236.7mn agreement with the US
subsea Morocco-UK cable project Millennium Challenge Corp. (MCC) to help
Octopus Energy Group of the UK has partnered the country move toward energy transition.
with the subsea cable manufacturer Xlinks on The Kosovan energy system has been facing
the construction of the world’s longest subsea huge difficulties due to the significant increase
cable to deliver renewable energy from Morocco in electricity consumption, insufficient domes-
to the island nation. According to Xlinks, once tic power generation and the global energy cri-
operational, the $21.9bn project will be capa- sis that has resulted in an enormous increase in
ble of supplying 8% of Great Britain’s electricity power prices on international markets.
needs at GBP48/MWh for 25 years under the
current contract for difference mechanism.
REM: $315mn in winning bids announced for
US offshore wind lease
TotalEnergiesRenewables USA and Duke En-
ergy Renewables Wind won a US government
lease auction off the Carolinas with winning

P16 www. NEWSBASE .com Week 20 18•May•2022