SHARE
COPY LINK

SOLAR

Germans to build Asian solar park as Spanish announce Baltic wind farm

German solar energy firm Conergy said Monday it would build Southeast Asia's largest commercial solar power plant outside of Bangkok, while a Spanish firm announced plans for a Baltic Sea wind farm.

Germans to build Asian solar park as Spanish announce Baltic wind farm
Photo: DPA

The first part of the park in Ayutthaya, some 70 kilometres (45 miles) north of Thailand’s capital, should be open by the end of July this year and it will produce one megawatt of energy, the Hamburg-based company said in a statement.

The park should be completed by the end of the year, with a total power output of three megawatts.

When fully operational, the park will produce 4,500 megawatt hours of electricity per year, equivalent to 2,000 tonnes of carbon dioxide.

However, the output is small compared to Germany, where the biggest solar park has a maximum output of 53 megawatts and can provide 15,000 families with electricity.

But the German company was not the one with “green” power news on Monday.

The Spanish renewable energy group Iberdrola Renovables announced it will build an offshore wind farm in the Baltic Sea off the German coast.

The company has bought the rights to the installation from a joint venture formed by Deutsche Erneuerbare Energien, a subsidiary of Deutsche Bank, and Germany’s Ventotec, it said in a statement. It did not reveal the price.

The wind farm will have 80 turbines for a total output capacity of 400 megawatts.

Iberdrola Renovables, a subsidiary of Spanish power group Iberdrola, said it expects to invest €9.0 billion ($12 billion) by 2012 in a programme of international expansion, notably in the United States, Britain and Spain.

Germany is the second largest producer of electricity from wind farms after the United States and ahead of China and Spain, according to a 2009 report by the Global Wind Energy Council.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

SHOW COMMENTS