Weekly HEG Global Energy Digest
Turkey’s Akkuyu nuclear plant secures Russian financing
Sberbank, Russia’s state-owned banking and financial services company will provide a $400 million loan for the construction of Turkey’s Akkuyu nuclear power station, the bank announced on Wednesday.
Sberbank, the first loan supplier for the nuclear project, will provide the seven-year loan to Akkuyu Nuclear company; a subsidiary of Russian nuclear firm Rosatom.
The intergovernmental agreement was signed between Russia and Turkey in May 2010 for the plant that will consist of four VVER-1200 power units with a total installed capacity of 4,800 megawatts.
Upon completion, the plant will generate about 35 billion kilowatts-hours of electricity per year, with a service life of 60 years.
Article Source: https://www.energymarketprice.com/energy-news/turkey-s-akkuyu-nuclear-plant-secures-russian-financing
Scandinavia’s largest offshore wind farm opens
Swedish Vattenfall opened Scandinavia’s largest offshore wind farm, Horns Rev 3, the company announced in a statement Thursday.
The 49 wind turbines on the Horns Rev 3 also represent Vattenfall’s and Denmark’s largest offshore wind farm, which is located 25-40 kilometers off Denmark’s west coast in the North Sea.
According to the statement, it will increase Denmark’s wind power production by around 12%. “The wind farm has enough power for the yearly consumption of 425,000 Danish households.”
The farm reflects Vattenfall’s commitment to Denmark’s ongoing transition to a renewable energy system, the statement read.
Vattenfall is also constructing offshore wind farms – Vesterhav Syd & Nord, and Kriegers Flak adding a total of more than 1.4 gigawatts of wind energy capacity to the Danish energy system.
Article Source: https://www.energymarketprice.com/energy-news/scandinavia%E2%80%99s-largest-offshore-wind-farm-opens