Tag Archives: Wind Farm

ArcelorMittal is looking for partners, subsidies for cleaner steelmaking in Germany | Instant News


(Adding the DRI plant in Bremen in paragraphs 7 and 9)

FRANKFURT (Reuters) – ArcelorMittal is seeking partners and public funding to curb carbon emissions from steelmaking at its German operation where plans for alternative technologies are far ahead, said the head of Europe’s largest steel producer.

European steelmakers are under pressure to reduce carbon emissions while maintaining profitability in a market where there is fierce competition, particularly from China, while pollution permit fees are soaring higher.[L8N2L94CD]

“We are looking for partners from the energy sector to generate renewable energy,” Geert Van Poelvoorde, the new chief executive of ArcelorMittal Europe, told Reuters in an interview.

“We want to replace carbon and increase the use of scrap metal.”

The company estimates it will cost between 1 and 1.5 billion euros ($ 1.18-1.77 billion) to transform the Bremen and Eisenhuettenstadt plants, said Van Poelvoorde.

The company will close blast furnaces at each of the two factories and build electric arc furnaces for scrap smelting.

It will build iron ore direct reduction (DRI) plants in Bremen and Eisenhuettenstadt, which can run on gas as a transition fuel initially, and later on hydrogen, which is considered carbon neutral when it comes from renewable electricity.

The DRI process cuts CO2 versus the integrated blast furnace route by two-thirds.

The Bremen and Eisenhuettenstadt plans “have the potential to save five million tonnes of CO2 per year. That’s important, “said Van Poelvoorde.

Separately, ArcelorMittal’s so-called “smart carbon” will use carbon recycled from bioenergy, green electricity, and carbon capture and use.

Meanwhile in France, the French Finance Minister said during a visit to the Fos-sur-Mer ArcelorMittal plant in southern France that ArcelorMittal is investing 63 million euros to cut the plant’s carbon emissions, which will include a 15 million euro subsidy from the French state.

Van Poelvoorde said the positive results of applying for subsidies of up to 60% of investment at the German and EU levels were critical to Germany’s plans which will be completed possibly early next year and will be implemented between 2025 and 2030.

The EU needs to impose border protection tariffs on imported steel from countries with heavy carbon loads, he said.

Consumers should also be prepared to accept higher steel costs, around 60%, for cleaner manufacturing processes, he said.

($ 1 = 0.8480 euros)

Reporting by Tom Kaeckenhoff, Vera Eckert; additional reporting by Thomas Leigh, editing by Maria Sheahan and Elaine Hardcastle

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Italy Eni, CDP formed a joint venture to invest 800 million euros in renewable energy | Instant News


FILE PHOTO: Italian energy company Eni logo at a gas station in Rome, Italy September 30, 2018. REUTERS / Alessandro Bianchi

MILAN (Reuters) – Italy’s Eni and state lender Cassa Depositi e Prestiti (CDP) have formed a joint venture to invest around 800 million euros ($ 957 million) over five years in solar and wind energy production, they said in a statement.

GreenIT, which is 51% owned by Eni and 49% by CDP’s CDP Equity unit, will target an installed capacity of around 1,000 MW by 2025, they said.

The move aims to enhance Italy’s efforts to scale up renewable energy generation, in line with the goals set by the National Integrated Energy and Climate Plan 2030 submitted to the European Union Commission by the end of 2019.

Italy’s new ecology minister Roberto Cingolani is working on a new plan for an energy transition which is expected to be ready by May.

In a telephone conversation with US President’s Special Envoy for Climate John Kerry held on Wednesday, Cingolani said Rome plans to reduce its carbon emissions by about 60% by 2030, and use EU funds of 80 billion euros for the energy transition in the next five years. . .

($ 1 = 0.8360 euros)

Reporting by Maria Pia Quaglia; Edited by Jan Harvey

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Film ERG Italy turns to hydroelectric, gas plant sales: sources | Instant News


MILAN (Reuters) – Italian renewable energy company ERG has started a sale of more than 1 billion euros ($ 1.2 billion) worth of hydropower and gas-fired assets, attracting interest from funds and utilities, three sources told Reuters.

ERG wants to sell assets to reinvest its solar and wind businesses overseas, while maintaining credit stability, one source said, adding a decision has not yet been made whether to sell them separately or as a package.

The Italian company is more than 60% owned by the Italian Garrone-Mondini family and is one of Europe’s leading wind players with an installed capacity of nearly 2 gigawatts.

ERG also operates 527 megawatts of hydroelectric power in Italy which generates a core revenue of 87 million euros and has a gas-fired capacity (CCGT) of 480 MW.

Mediobanca and Rothschild are working on the sale and are starting to send out packages of information, said two sources.

“The non-binding offer is due at the end of April,” one added.

ERG, Mediobanca and Rothschild declined to comment.

Engie, Enel, A2A and Dolomiti Energie are among utilities interested while infrastructure funds such as Ardian can also look around, the first source said.

Hydro assets are attractive and could raise around a billion euros, one source said, although questions remain over the duration of concessions and the fact that factories are concentrated in central Italy.

The gas-fired power plant, located at a refinery in Sicily, could generate between 200 million euros and 300 million euros, the sources said.

($ 1 = 0.8405 euros)

Reporting by Stephen Jewkes; Edited by Alexander Smith

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EUROPEAN POWER – Friday prices rose due to lower German winds, solar power output | Instant News


PARIS, February 25 (Reuters) – European spot electricity prices for delivery on Friday rose on Thursday due to lower forecasts for wind and solar power generation in Germany.

* Over-the-counter baseload prices for Friday delivery in Germany rose 6.2% to 48.30 euros per megawatt hour (MWh) at 1009 GMT.

* France’s future contract added 6.2% to 48.25 euros / MWh.

* Power generation from German wind turbines is expected to fall 1.8 gigawatts (GW) day-on-day to 13.4 GW, while solar generation is expected to drop 2.2 GW to 3.6 GW, Refinitiv data show.

* “We expect wind power output to fall in the first half of the day, and increase in the latter half of tomorrow,” Refinitiv analysts said.

* French wind power supply is expected to increase by 1 GW to 3.6 GW, data show.

* Refinitiv forecast shows the average daily German wind power supply will fall to around 3 GW early next week before rising to 8 GW next Friday.

* France’s nuclear capacity reaches 75% of the total installed.

* More than half of EDF’s nuclear reactors could be operational for a decade longer than planned after maintenance work was carried out, French nuclear security watchdog ASN said on Thursday.

* French electricity demand on Friday is expected to rise 700 megawatts (MW) to 56.9 GW and fall in Germany by 390 MW to 64.2 GW, Refinitiv data show.

* Further along the curve, German Cal ’22 baseload power edged up 0.1% to 53.20 euros / MWh, following higher fuel prices.

* France 2022 contract added 0.2% to 54.25 euros / MWh.

* European CO2 allowances expiring December 2021 edged down 0.1% to 39.10 euros per tonne.

* Coal for northern European delivery in 2022 rose 0.9% to $ 69.1 a tonne, after hitting the highest level since February 1 at $ 69.20 earlier in the session. (Reporting by Forrest Crellin; Editing by Emelia Sithole-Matarise)

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Germany will agree to the phased introduction of hydrogen transportation | Instant News


FRANKFURT (Reuters) – Germany is gearing up to take the first steps in using carbon-free hydrogen fuel in the transportation sector, by gradually incorporating new energy sources as a boost to efforts to meet its climate targets.

The government is expected to pass a bill on the issue at a cabinet meeting on Wednesday.

The meeting agenda and the bill, both seen by Reuters, suggest the initial focus is on shifting existing pipelines carrying hydrogen made from fossil fuels to “green” hydrogen, which is made from wind and solar energy via electrolysis, and building a new green hydrogen pipeline.

It does not regulate the direct absorption of green hydrogen into the existing natural gas network, which is regulated by local monopolies.

Some operators of Germany’s 550,000 km long gas transport network have pushed for faster system integration, arguing this would increase green hydrogen use and help refinance their green hydrogen investment through network usage fees.

The draft explicitly calls the law a “provisional arrangement” that will allow a step-by-step approach to putting the country’s 9 billion euro ($ 10.89 billion) hydrogen strategy into practice.

The final integration of the gas and hydrogen network remains “a problem for many years,” he said.

The law must be passed by parliament as part of a series of energy initiatives the government wants to finalize before the summer holidays and general elections in September.

The government has prioritized green hydrogen which is relatively expensive for industries that are difficult to electrify, such as steel making and chemicals.

German industry consumes about 55 terawatt hour (TWh) of “gray” hydrogen made from fossil fuels each year, while all sectors, including home heating, use up to 1,000 TWh of natural gas.

Heating and transportation can get electricity faster, for example through geothermal pumps and private passenger cars that run on batteries.

Reporting by Markus Wacket and Vera Eckert, editing by Kirsten Donovan

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