Weekly HEG Global Energy Digest
Bulgaria eyes to receive additional gas from Azerbaijan .
Bulgaria is interested in additional gas supplies from Azerbaijan, Bulgarian Prime Minister Boyko Borisov told reporters, Azernews informed. Borisov noted that during the meeting with President of Azerbaijan Ilham Aliyev, the issue of the construction of an interconnector for connecting to the TAP for the delivery of 1 billion m3 of gas to Bulgaria was discussed.
Bulgaria expects to receive Azerbaijani gas through Interconnector Greece-Bulgaria (IGB), a gas pipeline that will be connected to the TAP. IGB is a gas pipeline which will allow Bulgaria to receive Azerbaijani gas.
IGB is expected to be connected to TAP, to create an alternative source to Russian gas flowing to Bulgaria. The initial capacity of IGB will be 3 billion m3 of gas. The total investment cost for the realization of the IGB interconnector amounts to 240 million euros.
TAP in turn is a part of the Southern Gas Corridor which provides for the transportation of 10 billion m3 of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe. Bulgarian Bulgargaz has already concluded a contract with the Azerbaijani SOCAR for the delivery of 1 billion m3 per year from the second phase of Shah Deniz gas field.
Article Source: https://www.energymarketprice.com/energy-news/bulgaria-eyes-to-receive-additional-gas-from-azerbaijan
Iberdrola breaks ground on 500-MW PV plant in Spain’s Extremadure
Spanish energy giant Iberdrola SA broke ground Monday on a 500-MW photovoltaic (PV) complex in the autonomous region of Extremadura.
Named Nunez de Balboa, the PV facility is the largest of its kind under construction in Spain and Europe. It will require EUR 300 million (USD 339.8m) of investment. Local companies, such as Ecoenergias del Guadiana, Imedexsa, Cubillana, Elaborex and Instituto Aeronautico, are taking part in this project.
Scheduled to commence operations in 2020, the solar park will spread over nearly 1,000 hectares and generate enough power to meet the demand of 250,000 people as well as offset 215,000 tonnes of carbon dioxide (CO2) each year.
At the groundbreaking ceremony, Iberdrola’s Chairman, Ignacio Galan, also said the company plans to install 2,000 MW of solar and wind power generation capacity in Extremadura by 2022. This is in line with a plan to reactivate clean energy in Spain, where Iberdrola will invest EUR 8 billion between 2018 and 2022, and commission up to 10,000 MW by 2030.
Article Source: https://www.energymarketprice.com/energy-news/iberdrola-breaks-ground-on-500-mw-pv-plant-in-spain-s-extremadura