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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    GE’s digital power transformers selected for multiple projects across the globe

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    bp to invest up to £18 billion in UK energy system by 2030

    Giant offshore wind energy projects to be built in Irelands seas

    Kier to deliver onshore converter station for offshore wind project in the north east

    Statkraft seeks planning nod for 49.9-MW Scottish wind farm

    VSB Group Expands in France with Acquisition of 143.5 MW Wind Power Portfolio

    Norway to invest in renewable projects in developing countries

    Italian Solar Farms, Matrix in Strategic Partnership with Energia Aljaval

    China installed 48.2 GW of new solar capacity in 2020

    Solek Group signs deal to build solar power plants in Chile

    Trina Solar betting on largest wafer size and third cut cells for 500W-plus modules

    TotalEnergies to Acquire SunPowers Commercial & Industrial Solar Business

    Vattenfall Wind

    UK Government grants consent for Vattenfall’s Norfolk Vanguard Offshore Wind Farm

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Norway to launch 1.5 gigawatt offshore wind tender

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Velto Renewables supports the 360 MW offshore wind farm London Array

  • Market Moves
    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

    UK renewable energy overtakes fossil fuels, despite Brexit fears

  • Press Statements
    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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    GE’s digital power transformers selected for multiple projects across the globe

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Hinkley Point C Nuclear Power Station, United Kingdom

in Europe, Nuclear Power, Projects

The Hinkley Point C (HPC) nuclear power plant being developed by Electricite de France (EDF) in Somerset is the UK’s first new nuclear plant in more than 20 years. It received development consent order from the UK Government in March 2013, with the final investment decision on the £16bn ($27bn) project expected by July 2014.

 

Approximately 3.2GWh of power is expected to be generated, using two generators while offsetting nine million tonnes of carbon dioxide from the atmosphere. Power generated will be enough to meet the needs of nearly six million homes.

 

The plant is predicted to produce approximately 26TWh of electricity per year during its operational lifetime of 60 years, which will be equivalent to 7% of Great Britain’s forecasted electricity demand in 2020s. The plant’s first unit is expected to be operational in 2023. Approximately 25,000 construction and 900 permanent jobs will be created by the project.

 

State aid controversy of Hinkley Point C

 

The Hinkley Point C project had attracted much attention due to the state aid provided by the UK Government in the form of a subsidy of £92.50 (approximately $156) for every megawatt hour (MWh) produced for a period of 35 years. The European Commission is currently conducting an investigation into the agreement and on subsidies the project has been given.

 

Hinkley Point C power plant make-up

 


Oldbury Nuclear Power Station

The UK’s 434MW twin nuclear reactor station entered service in 1967 and was decommissioned in 2012.


The power station site will be spread over 175ha on Somerset’s north coast on Bridgwater bay, lying adjacent to the Hinkley Point A and B plants. It will be the first nuclear plant to store the spent nuclear waste on site.

 

Two EPRTM reactors with a power generation capacity of 1.6GWh each will be installed at the facility. Each reactor is designed for an operational life of 60 years. The reactor decommissioning is forecasted to start in the 2080s and estimated to continue for 20 years. Currently, no EPR plant is operational in the world and the first two projects initiated, Olkiluoto in Finland and Flamanville in France, are still under construction.

 

The heat generated from the reactors will be used to produce steam to power the turbines directly connected to a generator. Each generator will be capable of producing 1,630MW of electrical power per reactor.

 

The turbines are based on Alstom ARABELLE steam turbine technology and have a power output ranging between 1,000MW and 1,900MW.

 

Construction of HPC

The nuclear plant construction is expected to take more than ten years. The two reactors are expected to commence operations between 2023 and 2025. Unit 2 is scheduled to be complete in 12 to 18 months after Unit 1 is finished.

 

Decommissioning and waste management

 

Hinkley Point C is the first project in the UK to be included under a Funded Decommissioning Programme, which comprises EDF Group being responsible for the decommissioning and waste management costs associated.

 

Financing of Hinkley Point C power station

 

“Terms include a strike price of £92.50 per MWh of energy produced.”

The UK Government and EDF entered into a commercial agreement in October 2013, on the key terms of the proposed investment contract for the nuclear power project. Terms include a strike price of £92.50 per MWh of energy produced, which is fully indexed to the Consumer Price Index.

 

The strike price is expected to come down to £89.50/MWh (approximately $151) with the start of EDF proposed Sizewell C site in Suffolk, which includes the installation of two more EPRTM water pressure reactor units. Proposals are being made to share the EPRTM reactor technology across the two sites, reducing the strike price. The investment contract will be valid for 35 years from the date of commissioning.

 

The project falls under the UK Guarantees scheme and debt funding of 65% of the estimated total cost will be provided under guarantee by the Treasury. However, financing will be subject to due diligence by Infrastructure UK, a unit within the Treasury.

 

Equity finance is being provided by EDF Group, AREVA, China General Nuclear Corporation (CGN) and China National Nuclear Corporation (CNNC).

 

Contractors involved with HPC

 

Areva was awarded a contract in July 2011 to manufacture heavy forgings for the critical reactor components of the Hinkley Point C project. The contractual scope includes the supply of primary equipment, instrumentation and control system, and two EPRTM Nuclear Steam Supply System (NSSS) units.

 

The civil works contract worth £2bn ($3.3bn) was awarded to the joint venture of Bouygues TP/Laing O’Rourke. Costain was awarded the marine works contract for the nuclear power plant. Alstom will supply of two 1,750MW conventional turbine islands.

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