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US DOE picks NRG CCS project for USD 154m
9 Mar 2010 / United States
NRG will potentially use the cash to construct a 60MW CCS project at its Parish Unit 7 in Thomson, Texas. Under the six-year project, NRG will demonstrate engineering firm Fluor’s amine solvent CCS process and US-based Ramgen Power System’s CO2 compression system. Captured CO2 will be used for enhanced oil recovery in a nearby oilfield.

NRG had first announced its plan for the project in 2007, when it said it would deploy US-based Powerspan’s technology. NRG is now the third developer in recent months to forego plans with Powerspan in favour of other technology providers. Cooperative utility Basin Electric opted to use Canadian firm HTC Purenergy’s technology for its DOE-backed CCS project and Saskatchewan utility chose Shell-owned Cansolv Technologies for its USD 1.4bn Boundary Dam project; both cited the technology developers’ ability to meet timelines in their decisions.

NRG must match DOE’s offered USD 154m to receive the funding, which DOE would provide under the third round of its Clean Coal Power Initiative, drawing in part on economic stimulus funds. DOE had previously fully allocated the USD 800m...

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INSIGHT SERVICES

The UK's drive to establish itself as a hub for offshore wind manufacturing
4 Mar 2010
On 25 February, Mitsubishi Power Systems Europe (MPSE) announced its intention in an MoU to build an offshore wind turbine testing facility in the UK. The days of defensive government rhetoric in the face of the Vestas plant closure in summer 2009 has given way to a more upbeat period, dominated by grant awards. Expect more announcements before the election, as the government courts turbine manufacturers keen to position themselves to capture some of the GBP 40bn investment in turbines that is required to meet targets.

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The Wild Wild [Mid] West: quietly creating the world’s first commercial CCS market
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The US Midwest is creating what could be the world’s first sustainable CCS market. Bloomberg New Energy Finance outlines the CCS demand created by state-level legislation and regulation, along with major player Denbury Resources' CO2 requirements to drive its aggressive tertiary oil recovery programme.

Patches of warmth and cold: the debt finance market for European wind and solar
26 Feb 2010
The new year has opened with a trickle of small and medium-sized financing deals for European wind and solar. However the big transactions are taking a long time to crystallise, and bank finance is available on better terms in some countries than others. New Energy Finance presents the latest instalment of its regular series on project finance in Europe.

CCS Insight Service Q1 2010 Conference Call
18 Feb 2010
The conference call was held at 4pm GMT on 18 February 2010. The call discussed a global CCS project round-up, global funding for CCS, EU funding developments, pieces coming together to form a sustainable CCS market in the US Midwest, and the sector outlook for 2010.