26 1 月, 2023

Mastering Wind Power Online Workshop is Back by Popular Demand

Singapore, Jan 26, 2023 - (ACN Newswire via SEAPRWire.com) - Infocus International Group, a global business intelligence provider of strategic information and professional services, has announced the new dates for Mastering Wind Power training and it will be commencing live on the 20th of February 2023. Attendees will gain an excellent understanding of all the key factors facing wind power developers and investors, from resource assessment and energy production complexities, through technology trends, project development and planning challenges, to financial returns and risks.The course will include the illustration of key concepts using online tools, wind resource datasets, energy yield, financial and other simple calculations, along with discussion of key planning and market environment considerations.In keeping with the business-focused theme of the course, any illustrative materials are designed to provide time-efficient clarification of the key course takeaways, aimed at commercially-focused business developers and investors. They are therefore accessible to non-experts, not designed to replicate the complex or in-depth detailed planning undertaken - over much longer periods! - by experienced engineers and technical teams.A past participant from Statkraft Development AS shared, "This was one of my best spent weeks on training all year! A good and efficient way of getting an overview of the renewable energy sector. I found him very knowledgeable and enthusiastic in presenting the material, also enabling knowledge exchange between participants in the group. I really enjoyed his interesting lessons and the group work he provided for additional learning outcomes. Thanks.""Execellent course. It is very helpful to me to understand how to develop and construct the wind farm project," said another past participant from Mitr Phol Group.Course Sessions1. From wind flow to electricity: wind turbines and wind farms2. Understanding and measuring wind resources3. Successful delivery of wind power projects4. Taking wind power offshore5. Making money from wind power projectsAmong the key points to be addressed- Learn from global experiences in wind power project development- Understand unique properties of wind resource, and how these feed into financial risk analysis- Gain a business-focused, up-to-date perspective on current and emerging wind technology innovations and project delivery best practices- Analyse and discuss practical and project delivery risks facing wind power projects, including key stakeholder engagements- Get hands-on with a financial model to better understand financial risks and returns for wind power projects- Compare and contrast the unique extra costs and complexities of offshore wind projects with those onshoreWant to learn more?Simply email to esther@infocusevent.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit www.infocusinternational.com/wind-online.About Infocus International GroupInfocus International is a global business intelligence provider of strategic information and professional services for diverse business communities. We recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights. For more information: www.infocusinternational.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

16 12 月, 2022

Mitsubishi Corporation awarded Hollandse Kust West Site VI Offshore Wind in the Netherlands

TOKYO, Dec 16, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce that MC, through its 80% subsidiary N.V. Eneco (Eneco), and Shell plc have been successful in the tender for the Hollandse Kust West Site VI offshore wind farm (HKW, 760MW capacity) located approximately 50 km off the northwest coast of the Netherlands. This will be Eneco's fifth offshore wind projects in the Netherlands, bringing the gross capacity of offshore wind 2,500MW.HKW is scheduled to start its commercial operation in 2026 and will supply renewable energy which is enough to decarbonise about 3% of the current Dutch electricity demand. While offshore wind power generation will play a central role in the future expansion of renewable energy, it is essential to promote it in harmony with the environment, including marine ecosystems. This project will implement various measures to minimize environmental impact, and is expected to contribute to the continuous expansion of offshore wind power generation.Through its commitment to simultaneously generate economic, societal and environmental value, MC is striving to achieve sustainable growth hand in hand with society. MC has been doing more in recent years to create new carbon-neutral industries that will be powered by renewable energies. These efforts are part of our work to revitalize communities through businesses that promote both digital (DX) and energy (EX) transformations, which is a key objective of our latest management plan, "Midterm Corporate Strategy 2024: Creating MC Shared Value." Through Eneco, we will contribute to the stable supply of renewable energies and decarbonization.Mitsubishi CorporationHeadquarters: 2-3-1 Marunouchi, Chiyoda-ku, TokyoMain Operations: MC engages in a wide range of businesses spanning multiple industries and overseen by its Industry DX Group and 10 Business Groups: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution, and Urban Development.Representative: President & CEO Katsuya Nakanishi EnecoHeadquarters: Rotterdam, the NetherlandsMain Operations: vertically integrated portfolio of renewable generation, trading and supplyRepresentative: Mr. As Tempelman（CEO） Materiality Based on the Three Corporate Principles, which serve as MC's core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. MC"s revised "Materiality" was announced in Midterm Corporate Strategy 2024 as a set of crucial societal issues that MC will prioritize through its business activities, towards the strategy"s goal of continuous creation of MC Shared Value (MCSV). Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to "Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually", this project's activities particularly support "Contributing to Decarbonized Societies" "Conserving and Effectively Utilizing Natural Capital" "Promoting Stable, Sustainable Societies and Lifestyles" and "Utilizing Innovation to Address Societal Needs".Inquiry RecipientMitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

25 11 月, 2022

Mitsubishi Heavy Industries Power Environmental Solutions Develops New Ionic Wind Type Electrode ESP

TOKYO, Nov 25, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Power Environmental Solutions, Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has developed a revolutionary new type of electrostatic precipitator (ESP), the Ionic Wind Type Electrode ESP utilizing an entirely new dust collection principle and electrode configuration. ESPs are one of the company's mainstay products, and are widely used in many types of industries. Compared to a conventional ESP, this new model is expected to provide considerably improved performance, while also allowing for space savings, cost reductions, and shorter construction work periods.In conventional ESPs, including competing products, when the ionic wind that flows from the discharge electrodes to the collecting electrodes strikes the collecting electrode plate, a backflow occurs that hinders the dust collection efficiency. The performance of an ESP is evaluated, and its size determined in consideration of the re-entrainment of the collected dust resulting from this "backflow of ionic wind." This new model of ESP developed by Mitsubishi Heavy Industries Power Environmental Solutions uses a combination of a novel non-plate type collecting electrode with openings and optimal discharge electrode that inhibits the occurrence of backflow of ionic wind, resulting in a significant improvement in dust collection efficiency. Development of this new system began seven years ago, with its performance and durability verified by two years of demonstrated operation in an actual plant environment.The significant improvement in dust collection efficiency allows this new model of ESP to be smaller than conventional systems, providing space savings and allowing it to be installed within confined spaces where installation of conventional units is difficult. The casings of existing conventional ESPs can also be used as is, allowing for renovation of some or all of the internal electrodes with Ionic Wind Type Electrodes to improve performance (reduction in outlet dust concentration) for existing conventional ESPs. In cases where improvement in ESP performance is unnecessary, replacement of only a portion of degraded conventional electrodes with Ionic Wind Type Electrodes will reduce the amount of material for the renewed portion while maintaining the same level of performance, providing lower costs and shorter construction work periods.Mitsubishi Heavy Industries Power Environmental Solutions is a wholly owned subsidiary of MHI, offering a broad range of dust collecting equipment for thermal power generation and all types of industrial plants. With the anticipated increase in demand for renovation and replacement of aging environmental systems, the launch of this new model of ESP will allow Mitsubishi Heavy Industries Power Environmental Solutions to offer optimal proposals that more precisely meet customer needs, while contributing to reduced environmental loads and lower costs.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

26 10 月, 2022

Mitsubishi Corporation Establishes New Branches in Akita and Choshi

TOKYO, Oct 26, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce that it will be opening two new Japanese branches in November 2022, one in Akita City, Akita Prefecture, and the other in Choshi City, Chiba Prefecture. In May of this year, MC announced its new management plan, entitled "Midterm Corporate Strategy 2024 - Creating MC Shared Value." The plan details MC's growth strategy to promote regional revitalization through utilizing integrated EX (Energy Transformations) and DX (Digital Transformations) initiatives. MC has embarked on initiatives to promote specific measures for regional revitalization throughout the company, including the creation of new carbon-neutral industries, supporting smooth transitions to decarbonized societies and developing vibrant communities. The establishment will mark the first time in 35 years that MC has had new branches in Japan. MC was appointed as one of the operators of Japan's first, general-sea-area fixed-foundation wind farm which is being developed off the coasts of Akita and Choshi areas in December 2021. Considering how this wind-farm project is expected to play a big role in shaping the future of both districts, MC is now making efforts to strengthen ties with the local government authorities, business partners and residents. Through those efforts and our close collaborations with the wind-farm project companies(1), we are committed to making steady progress in both districts. MC has always been working to stimulate economic development and improve quality of life by continuously creating new businesses, addressing social needs and challenges in the light of the changing world. As we continue our search for those solutions, would like to continue to be an enterprise that steadily grows in step with society.About Akita BranchName: Mitsubishi Corporation Akita BranchAddress: 8th floor, Akita Atorion Building, 3-8, Nakadori 2-chome, Akita, 010-0001, JapanDate of Establishment: November 1, 2022Representative: Branch GM, Yoshihiro MikamiAbout Choshi BranchName: Mitsubishi Corporation Choshi BranchAddress: 5th floor, The Choshi Chamber of Commerce & Industry Building,19-4, Sangen-cho, Choshi, Chiba, 288-0045, JapanDate of Establishment: November 1, 2022Representative: Branch GM, Koji Shirai (1) Akita Noshiro Mitane Oga Offshore Wind LLC, Akita Yurihonjo Offshore Wind LLC and Chiba Choshi Offshore Wind LLCMateriality Based on the Three Corporate Principles, which serve as MC's core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. MC's revised "Materiality" was announced in Midterm Corporate Strategy 2024 as a set of crucial societal issues that MC will prioritize through its business activities, towards the strategy's goal of continuous creation of MC Shared Value (MCSV). Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to "Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually", this project's activities particularly support "Contributing to Decarbonized Societies" "Utilizing Innovation to Address Societal Needs" and "Addressing Regional Issues and Growing Together with Local Communities". Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

14 10 月, 2022

Fujitsu and Chugoku Electric Power T&D conduct joint trials to expand use of renewables and improve maintenance of power transmission facilities

TOKYO, Oct 12, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu and Chugoku Electric Power Transmission & Distribution Co., Inc. (hereinafter Chugoku Electric Power T&D) today announced the successful completion of joint trials to verify the practical application of environmental data (wind conditions)(1) in the maintenance of power transmission infrastructure. Through the trials, the two companies aim to realize dynamic line rating (DLR)(2), a promising next-generation power network technology, and to utilize drones for improving the maintenance of power transmission facilities.Figure 1: Overview of the field trialsFigure 2: (Left) Environmental data (wind conditions) converted from OPGW vibration data (wind conditions) (Right) Comparison of environmental data (wind conditions) converted from vibration data with an anemometer installed on a steel towerFigure 3: Comparison of estimated and measured transmission line temperaturesFigure 4: Screen image of prototype system supporting advanced operation of transmission network (in Japanese)Under its "Carbon Neutrality Promotion Plan"(3), Chugoku Electric Power T&D is actively promoting carbon neutrality initiatives in its business. Through their cooperation, Fujitsu and Chugoku Electric Power T&D will accelerate efforts by transmission and distribution companies to expand the installation of renewable energy systems including solar and wind power. Ultimately, the partners seek to help utilities to develop grid control technologies to adapt their power systems(4) to the standards of next-generation power generation to achieve carbon neutrality by 2050(5).BackgroundRegular patrolling and inspection play an essential role in maintaining a stable supply of electricity at power transmission facilities. This maintenance work requires considerable time and a large work force, however, and as the number of workers in the industry continues to decrease, demand is growing for smart security(6) solutions that leverage technologies like drones and other innovative measures to improve the efficiency of security operations to ensure a safe and secure operational environment at critical facilities.To this end, Chugoku Electric Power T&D is utilizing drones to conduct patrols and inspections and to identify defects in its facilities. Certain challenges remain, however, including how to make effective use of drones in difficult conditions, such as areas that are unusually windy or located in rugged terrain. One potential solution to these issues centers on obtaining real-time, accurate environmental data (wind conditions) in the vicinity of power transmission lines.To address these issues, Fujitsu and Chugoku Electric Power T&D conducted joint trials utilizing Fujitsu's proprietary data conversion technology to convert optical ground wire (hereinafter OPGW)(7) vibration data acquired by using optical fiber sensing technology(8) into OPGW for power transmission lines.As this enables the efficient and accurate acquisition of environmental data (wind conditions) in the vicinity of a wide range of power transmission facilities, power transmission operators can apply this data to their inspection patrols using DLR and drones to ultimately expand the use of renewable energy and further enhance the maintenance of power transmission facilities.Outline of the field trials1. OverviewFujitsu and Chugoku Electric Power T&D installed equipment at substations and other facilities managed by Chugoku Electric Power T&D including an optical fiber measuring device for OPGW vibration and a computer for calculation to measure vibration data in milliseconds at intervals of several meters over a length of 70 kilometers. Based on the vibration data, the two companies leveraged Fujitsu's data conversion technology to estimate environmental data (wind conditions) and transmission line temperatures and conducted trials to apply this data to drone operation support and DLR (Figure 1).2. PeriodSeptember 1, 2021 to September 30, 20223. Test siteThree power transmission lines in the Japanese Chugoku region (Shimane, Hiroshima, and Yamaguchi Prefectures) of Chugoku Electric Power T&D4. Verification contents and results(1) Verification of data conversion technology to determine whether to fly a drone- Comparison of environmental data (wind conditions) obtained by converting OPGW vibration data with actual measurement data of an anemometer installed at the site (successful confirmation that the two data were in general in accordance (Figure 2))- Trials showed that the technology can support workers in determining whether a drone can fly or not and in selecting a flight route in consideration of wind conditions; the technology can thus ultimately improve the safety of inspection patrols using drones and enhance maintenance work at Chugoku Electric Power T&D's facilities (9)(2) Verification of application to dynamic line rating for expansion of transmission capacity- trials showed that the technology could successfully be applied to DLR that enables accurate estimation of the temperature of transmission lines from ever-changing weather conditions; a dynamic operation of transmission capacity proved to be effective in expanding the use of renewable energies (10) - technology enables real-time estimation of environmental data (wind conditions) across the entire area in the vicinity of transmission lines, which are main factors for changes in transmission line temperature(3) Creation and operation verification of a prototype system for business implementation- creation of a prototype system by Fujitsu to support advanced transmission network operations and visualize various types of data (environmental data (wind conditions) and transmission line temperatures) obtained during the field trials on a map - successful verification that the system enables DLR based on visualized data and can support operators in judging whether or not to fly dronesFuture PlansMoving forward, the two companies will promote the development of an advanced transmission network operation support system to utilize environmental data (wind conditions) and transmission line temperature data to flexibly operate transmission capacity using dynamic ratings and enhance maintenance operations using drones. The two companies will further promote digital transformation (DX) in the electric power industry to solve societal issues including operational reforms and the realization of a sustainable energy supply.Chugoku Electric Power T&D will continue to enhance its operations using cutting-edge technologies to realize power and business quality that meets customer expectations and respond to diversifying network usage patterns. Chugoku Electric Power T&D will further contribute to the expansion of renewable energies to achieve carbon neutrality in 2050. Fujitsu is promoting a data-driven management to promote an agile shift to the "new normal" as part of its vision for "Digital Shifts", a Key Focus Area under the Fujitsu Uvance portfolio to realize a sustainable future.(1) Environmental data :A group of data that estimates the environmental conditions (wind conditions, etc.) of a fiber-optic composite optical ground wire (OPGW) and its vicinity.(2) Dynamic line rating :Technology to flexibly operate transmission capacity of transmission and transformation facilities.(3) Chugoku Electric Power T&D "Carbon Neutrality Promotion Plan: Toward Next-Generation Power Networks": www.energia.co.jp/nw/press/2021/13581.html (in Japanese)(4) Power systems :A series of electric power facilities and systems consisting of "transmission," "transformation," and "distribution" to deliver electricity from power stations to customers.(5) Carbon neutrality :Balancing greenhouse gas emissions and removals; in October 2020, the Japanese government declared that it will aim for carbon neutrality (reduce greenhouse gas emissions to zero) by 2050.(6) Smart security :By introducing new technologies in the field of electrical security, such as IoT sensors, AI, and drones, efforts are being made to maintain and improve security while improving productivity. Reference: Japanese Ministry of Economy, Trade and Industry - "Smart Industrial Safety ": www.meti.go.jp/shingikai/safety_security/smart_hoan/denryoku_anzen/index.html (in Japanese)(7) OPGW :Optical Ground Wire; a facility in which an optical fiber cable is built into an overhead ground wire to protect transmission lines from lightning.(8) Optical fiber sensing technology :A technology that enables real-time measurement of how optical fiber cables vibrate by inputting specific laser pulse light into optical fiber cables for communications and measuring changes and components of light such as backscattered light. For the measurement, a dedicated measuring device and a computer for calculation which processes the data are used.(9) Trials showed that the technology utilized in this demonstration test was suited to acquire data efficiently and accurately even in mountainous areas with complex wind conditions.(10) Transmission voltage, thickness of the transmission line, weather conditions (wind speed of 0.5 m/s (meters per second), solar radiation of 1,000 W/m2 (watts per square meter), outside temperature of 40 degreesC) were specified to determine the upper limits (transmission capacity) under which power lines can conduct electricity. In order to estimate the temperature of the transmission line, the environmental data (wind conditions) estimated in verification contents and results (1) , the amount of solar radiation and outside air temperature measured by various sensors installed in the tower, and the current value actually flowing through the transmission line were converted into temperature data as parameters, and the temperature of the transmission line was estimated; temperatures of the transmission lines were measured with infrared thermographic cameras to confirm the accuracy of the data.About Chugoku Electric Power Transmission & Distribution Co., Inc.Chugoku Electric Power T&D Co., Inc. is a general power transmission and distribution business operator in Japan, located in Naka-ku, Hiroshima City, with five prefectures in the Chugoku region and part of neighboring prefecture as supply areas. A wholly owned subsidiary of Chugoku Electric Power Co., Ltd. www.energia.co.jp/nw/index.html (in Japanese)About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

9 9 月, 2022

MC and InfraRed Named Preferred Bidders for UK Offshore Transmission Asset

TOKYO, Sep 9, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce that MC and InfraRed Capital Partners (InfraRed) have been selected as the preferred bidders for a new offshore electricity transmission link in the UK. MC's partnership with InfraRed comes via its UK-based, wholly owned subsidiary Diamond Transmission Corporation Limited (DTC). The acquisition of this link will make DTC the operator of ten offshore transmission assets in the UK with a combined total of 784 kms of cable, thus adding to its already largest share of the market. Valued at approximately 190 billion yen, the assets in question comprise subsea cables, land cables, offshore substations and an onshore substation that connect with the 1,386 MW capacity Hornsea Two offshore wind farm situated approximately 90 km off the UK's northeast coast. MC and InfraRed will operate this electricity transmission business for a 24-year period, following successful acquisition of the assets and the granting of an Offshore Transmission Owner license by the UK's Office of Gas and Electricity Markets (Ofgem). To operate the business efficiently, DTC will leverage its experience running its existing transmission assets in the UK. Through its commitment to simultaneously generate economic, societal and environmental value, MC is striving to meet the ever evolving needs of communities around the world and achieve sustainable growth hand in hand with society. In Europe, we are rapidly expanding our undersea transmission operations to help promote the development and use of offshore wind power, for which these kinds of infrastructure and systems are essential. The growth of these businesses will also play a part in lowering greenhouse gas emissions. MC has been doing more in recent years to create new carbon-neutral industries that will be powered by renewable energies. These efforts are part of our work to revitalize regions across Japan through businesses that promote both digital (DX) and energy (EX) transformations, which is a key objective of our latest management plan, "Midterm Corporate Strategy 2024: Creating MC Shared Value." Knowing how these overseas transmission operations can enhance the offshore wind farm and other renewable energy projects that MC is both developing and operating here in Japan, we intend to take full advantage of the know-how gained from them. MC remains dedicated to helping Japan and countries around the world secure stable supplies of renewable energy. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

15 7 月, 2022

Hitachi Energy wins order to connect one of the world’s largest offshore wind farms to the UK power grid

ZURICH, SWITZERLAND, Jul 15, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy, the global technology and market leader in power grids, today announced it has won a major order from Ørsted, the world-leading renewable energy company, to provide two high-voltage direct current (HVDC) systems to transmit green electricity from the Hornsea 3 wind farm, located more than 120 km off the UK east coast.The Hornsea Two offshore windfarmThe wind farm will have the capacity to generate up to 2.85 gigawatts of renewable electricity, enough to power more than three million UK homes. With more than 200 wind turbines installed across almost 700 square kilometers(1), this will be the single largest offshore wind farm in the world. This project is a significant step towards the British Energy Security Strategy ambition of sourcing up to 50 gigawatts of offshore wind capacity by 2030.(2)Hitachi Energy has supported Ørsted with the grid connection of Hornsea 1(3) and Hornsea 2(4), but Hornsea 3 will be the first phase to use HVDC application in the Hornsea cluster.The overall HVDC system, including the offshore platform, is delivered in partnership with Aibel*5. Hitachi Energy will supply two HVDC Light converter systems, while Aibel will deliver two HVDC offshore converter platforms. The platform is based on Hitachi Energy's modular HVDC system including its advanced control and protection system, MACH. As the HVDC offshore market grows and becomes more complex, Hitachi Energy will continue to develop solutions with its customers and partners to enable a more flexible offshore grid of the future."Offshore wind is a critical part of the clean energy transition and our HVDC technology is vital for effective transmission to the mainland power grid," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "To address the rapidly growing offshore market, partnerships and collaboration are key to deliver at the speed and scale required to reach our decarbonization and energy security goals.""The Ørsted vision is a world that runs entirely on green energy and the Hornsea projects are a significant step towards this goal in the UK," said Patrick Harnett, Vice President Programme UK at Ørsted. "Together with Hitachi Energy, we are demonstrating that renewables like offshore wind are a huge part of the world's sustainability journey. Hornsea 3 will not just provide low cost, clean energy for millions of homes in the UK, it will also deliver thousands of high quality jobs and billions of pounds of investment in the offshore wind supply chain in the UK and beyond."Hitachi Energy is supplying four HVDC converter stations, which convert AC power to DC for transmission in the subsea cables, then reconvert it to AC for integration into the onshore grid. Two of the converter stations will be installed on offshore platforms and two at mainland grid connections.(1) About Hornsea 3(2) British Energy Security Strategy (BESS) - offshore wind(3) Hornsea One Press Release(4) Hornsea Two Press Release(5) Aibel partnership Press ReleaseFor more information, visit www.hitachi.com/New/cnews/month/2022/07/220715.pdf. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

21 6 月, 2022

BayWa r.e. Expands and Strengthens Renewable Energy Business with Wind Projects Representative Office Opening in Lang Son Province in Vietnam

HO CHI MINH CITY, VIETNAM, Jun 21, 2022 - (ACN Newswire via SEAPRWire.com) - Global renewable energy developer, service provider and distributor, BayWa r.e., today announced the opening of its Wind Projects Representative office in Lang Son Province, Vietnam. The opening of the Wind Projects Representative office will strengthen BayWa r.e.'s position as a key renewable energy developer in Vietnam and enable the company to provide a wider range of wind energy services in the country.Mr. Brian Barry (Head of Wind Asia, BayWa r.e.), Mr. Nguyen Dinh Dai (Director of DOIT), Mr. Daniel Gaefke (APAC Director, BayWa r.e.), Mr. Daniel Emunds (German Embassy representative, Economic Affairs and Development Cooperation)Loi Dang Van (Wind Project Developer, BayWa r.e.), Mr. Brian Barry (Head of Wind Asia, BayWa r.e.), Mr. Daniel Gaefke (APAC Director, BayWa r.e.), Stephanie Tan (Project Manager, Wind Project Development, BayWa r.e.), Nam Le (Senior Wind Project Developer, BayWa r.e.)The opening ceremony of the office was officiated by local government officials, which included leaders of the province's People Committee, relevant departments of Industry and Commerce, Planning and Investment, Natural Resources & Environment, Agriculture and Rural Development, Transportations and local districts and German Embassy representative Mr. Daniel Emunds, Economic Affairs and Development Cooperation as well as local partners and contractors. The new representative office is expected to promote positive socio-economic developments and impact for the local community.Mr. Brian Barry, Head of Wind Asia, BayWa r.e. said "We are excited to see the exponential growth of BayWa r.e. in Vietnam and look forward to working closely with provincial and country stakeholders. We hope that through our investments into Vietnam and especially the Lang Son province at present, we will be able to bring more value to our stakeholders and communities living in the area. This is a step closer for us to work towards achieving Vietnam's strategy for sustainable and clean energy development and to facilitate the country's ambition of becoming net-zero by 2050."Mr. Pham Hung Truong, Chief of Office of the People's Committee of Lang Son shared: "We welcome BayWa r.e. opening its Representative Office in Lang Son. It is hoped that the Representative Office will be an effective bridge between the company and local government agencies, promoting the successful implementation of investment and construction of wind power projects of BayWa r.e. in Lang Son, contributing to the socio-economic development of the province. We acknowledge the valuable support of BayWa r.e. to the two primary schools of Khuoi Lay and Suoi Long recently; at the same time, we believe that in the coming time, your company will continue accompanying the local government to strengthen forms of support to local communities in the spirit of "Harmonious benefits, sharing risks!".BayWa r.e. first established its presence in Vietnam in 2020, with its head office located at Ho Chi Minh City. BayWa r.e. launched new services to its 'on-the-ground' operation in Vietnam, opening a solar distribution warehouse and new office facilities in Ho Chi Minh City to bring direct local access to solar PV, inverters, and much more renewable energy solutions. Since then, the company has been an active renewable energy partner in the Corporate & Industrial segment in Vietnam, developing Solar and Wind Projects, and providing Solar Distribution services.In addition, BayWa r.e.'s development team also has a 400MW pipeline of wind energy projects across sites in north Vietnam and is developing 150MW solar projects in the south of the country. In Lang Son province, BayWa r.e. is planning to develop 240MW of wind energy projects to leverage Vietnam's wind capacity.Added Mr. Barry, "Our office opening is a key milestone and the culmination of 2 years of development and investment in Lang Son. But this is just the beginning of our commitment and partnership with Lang Son as we prepare for the implementation of our wind projects. With our Lang Son office now established we will grow our Lang Son team to scale up our activities in preparation for our investment decision and the construction of the provinces first wind projects.""Having an office located where we are operational will enable more efficient work processes and allow direct access for stakeholders to communicate with BayWa r.e. This will also facilitate future development of wind projects in this province. Our on-site employees will also be able to effectively monitor current and future wind energy projects, which will ensure the longevity of the developments."BayWa r.e. recently announced the successful completion and handover of new sanitary facilities for Khuoi Lay Elementary School and Suoi Long Elementary School in Lang Son Province. This is part of BayWa r.e.'s long standing commitment to helping local communities, and also reaffirms the company's continued dedication to drive sustainable growth for the people of Lang Son province.BayWa r.e. AG (BayWa r.e.)At BayWa r.e. we r.e.think energy - how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.We are a leading global developer, service supplier, distributor and solutions provider and have brought over 4.5GW of energy online and manage over 10GW of assets. We are also an Independent Power Producer with an expanding energy trading business.BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.Our shareholders are BayWa AG, a EUR19.8 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment. Visit https://www.baywa-re.com/en/.Contact information:PRecious Communications for BayWa r.e. AGFoo En JingTel: +65 6303 0567E-mail: baywa-re@preciouscomms.com BayWa r.e. AGSalim PathanMarketing Manager, APACTel: +66 62 698 7162Email: salim.pathan@baywa-re.comMark CooperCorporate CommunicationsTel: +49 89 383932 3611E-mail: mark.cooper@baywa-re.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

30 5 月, 2022

Mooreast Outlines Strategies to Enhance Mooring Solutions for the Floating Renewable Energy Sector

SINGAPORE, May 30, 2022 - (ACN Newswire via SEAPRWire.com) - Mooreast Holdings Ltd announced plans to expand its mooring and rigging solutions product portfolio and to enhance partnerships with international players in order to extend its value proposition to the global floating offshore renewable energy sector.Mooreast released a Business Update outlining growth strategies outlined its growth strategies following its successful listing on Singapore Exchange (SGX) Catalist in November 2021.The full announcement to the SGX is appended below:The Board of Directors of Mooreast Holdings Ltd. would like to update shareholders on several developments in the Group's business and growth strategies since the release of its financial performance for the year ended 31 December 2021 (FY2021) in February 2022.Having successfully completed its Initial Public Offering (IPO) on the Singapore Exchange Catalist Board on 24 November 2021, the Group intends to leverage its listed status and stronger balance sheet to strengthen its foothold within the global floating offshore renewable energy sector. These post-IPO strategies include:(I) expanding its product portfolio of mooring and rigging solutions to better support renewable energy customers;(ii) establishing collaborations with international companies involved in the sector; and(iii) enhancing capabilities within its newly established Yard Division at its new premises at 51 Shipyard Road in Singapore.New Products for the Renewable SectorMooreast has been actively developing and marketing a suite of innovative mooring and rigging solutions catering to various markets, with particular focus on floating renewable platforms.AnchorsIn the 2nd quarter of 2022, the Group, through its subsidiary Mooreast Europe, secured a EUR1 million (approximately S$1.46 million) order for MA9P anchors, the latest model designed and produced by Mooreast, for one of Bluewater Energy Services' projects. Bluewater Energy Services, founded in 1978, is headquartered in The Netherlands. With the anchors expected to be delivered by the end of August 2022, the contract underscores the rapid market acceptance of our proprietary design which debuted in January 2022. The Group foresees its MA9 anchors becoming one of the core anchor models for the floating wind energy market due to their versatility and high holding capacity.Floating Solar Farm SolutionThe Group has also successfully completed a tank test for Moorfloat, a proprietary solution catered to serve floating solar farms. Conducted by the National Maritime Research Institute in Japan, Moorfloat was tested to be able to withstand wave conditions of up to 3 metres, making it a resilient platform for developers to install offshore solar panels.The breakthrough Moorfloat design overcomes several mooring limitations faced by many floating solar projects currently. Its modular design facilities also make it easy to transport. The floater can be used in remote areas, as well as an alternative to other floating infrastructure projects for on-grid and off-grid renewable energy generation. The Group aims to have a full-scale demonstration ready by end of 2022.Chain StopperThe Group has also developed a Dual Axis Chain Stopper, a critical component which integrates the floater with the mooring system. Mooreast's Dual Axis design allows greater degrees of freedom for the mooring line. This feature minimizes fatigue and wear on mooring chains, making it suitable for long-term mooring applications and reliability. The Group has already received in-principle approval from the American Bureau of Shipping, one of the leading classification societies in the world, and has already started marketing the product to customers in the offshore energy market. Other ProductsAmong other products, Mooreast is also developing an in-line tensioner, which allows the use of simple fixed stoppers and floating wind developers to tension mooring lines without mobilising expensive offshore assets such as a floating crane, thereby reducing installation costs. From Products To Total SolutionsThese products underscore the Group's ability to add value to our mooring projects. By developing or assembling a host of innovative products, backed by strong engineering basis and analysis capabilities, Mooreast is positioning itself as a holistic, total solutions provider for a variety of floating platforms used to support offshore renewable energy generation. This approach is being adopted amid growing emphasis globally to harness open water bodies further from shore for renewable energy. While such projects can reduce the environmental impact of terrestrial and near-shore projects, they require greater technical skills to meet more demanding conditions as well as increasing environmental standards.Assessment of Recent Commercialisation of Offshore Wind Energy ProjectsOffshore wind energy is expected to make up an increasing portion of the world's energy mix. A reported 4.2 GW of new offshore wind capacity, an all-time high, will be added to Europe in 2022[1], and capacity addition is set to continue increasing in the next few years. In April 2022, Taiwan's biggest offshore wind farm began generating power[2], and more offshore wind installations are in the pipeline. These projects underscore the shifting demand toward offshore renewable wind energy, as this sector crosses the tipping point for commercialisation.Developers are moving their wind turbines offshore, beginning with coastal shores and progressively moving into deeper waters, where floating platforms are a more viable solution to building fixed structures into the seabed. These developers will require offshore and mooring experience to anchor these floating platforms to the seabed, while weathering the harsh conditions of the open sea.Establishing New PartnershipsAgainst this backdrop, another thrust of the Group's post-IPO strategy has been to deepen penetration into the renewable energy sector globally. Since February 2022, Mooreast has established collaborations with several leading Japanese companies in the energy, construction and engineering space to pursue opportunities in floating wind farms in Japan and other countries. Mooreast will provide technical advice and support on mooring systems for such projects. The Group will also focus its efforts to strengthen collaborations with developers in the UK, France, Korea, Taiwan and USA. As more floating renewable projects begin to reach commercialisation, the Group will be able to leverage its experience and track record to capture market share. Enhancing Yard Division in SingaporeThe Group established a new Yard Division in September 2021. Taking advantage of the 192-meter waterfront facility at 51 Shipyard Road, this division provides a suite of afloat repair, upgrade and reactivation services to vessel owners and agents. It also offers shipbuilding services for small and mid-sized vessels in our workshops and open yard. Between September 2021 to April 2022, the Group served over 144 vessels, and expects demand to continue increasing as more vessels take the opportunity to carry out maintenance and overhaul during the recent spike in oil and gas prices. In response, we have continued to enhance the waterfront berth at our yard, upgrading quayside power supply units to provide offshore power to vessels, thereby reducing their reliance on marine fuel where possible. The Group is also offering various supplies and services to yacht owners and agents, such as load testing, changing crane wires, and provision of mooring equipment. By increasing greater synergy among our divisions, Mooreast seeks to provide holistic solutions to various vessels docked at our berth. OutlookThrough its involvement in projects since 2013, Mooreast has developed a strong track record as a mooring solutions leader for the renewable sector. While the Group remains cautious about the economic outlook due to global geopolitical developments and the pandemic, it believes that the strategies initiated and the recent IPO have built a much stronger business foundation.By Order of the BoardSim Koon Lam CEO and Deputy Chairman 30 May 2022This press release has been prepared by the Company and its contents have been reviewed by the Company's sponsor, W Capital Markets Pte. Ltd. (the "Sponsor"). This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release. The contact person for the Sponsor is Mr Chia Beng Kwan, Registered Professional, W Capital Markets Pte. Ltd., at 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3541.Issued for and on behalf of Mooreast Holdings Ltd. by WeR1 Consultants Pte Ltd.[1] https://www.offshorewind.biz/2022/04/21/europe-entering-record-breaking-offshore-wind-streak/ [2] https://www.cnbc.com/2022/04/22/taiwans-biggest-offshore-wind-farm-generates-its-first-power.htmlAbout Mooreast Holdings Ltd.Mooreast is a total mooring solutions specialist, serving mainly the offshore oil & gas (O&G), marine and offshore renewable energy industries, with operations primarily in Singapore, and through its wholly-owned subsidiary, Mooreast Europe, a European sales office in Rotterdam, the Netherlands. Mooreast's solutions include the design, engineering, fabrication, supply and logistics, installation and commissioning of mooring systems. Mooreast is applying its experience and expertise in mooring solutions to floating renewable energy projects, in particular floating offshore wind farms. It has successfully participated in developmental and prototype projects for floating offshore wind turbines in Japan and Europe. For more information, please visit https://mooreast.com/ Media & Investors:WeR1 Consultants Pte LtdIsaac Tang, e: mooreast@wer1.net, m: +65 9748 0688 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

5 4 月, 2022

Hitachi Energy Launches OceaniQ – Innovative Solutions for the Offshore Environment

ZURICH, SWITZERLAND, Apr 5, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy today launched its OceaniQ portfolio for the offshore energy environment, which will be showcased this week at the annual WindEurope event in Bilbao, Spain. The global technology and market leader in power grids, which has a proven track record(1) in pioneering solutions for offshore, has created OceaniQ to help accelerate the clean energy transition. OceaniQ will result in greater volumes of wind power being efficiently harvested and integrated into the world's energy system.Combining cross-industry competence from the power and marine sectors, OceaniQ addresses applications for fixed platforms, floating structures and sub-sea power systems for wind, marine and other offshore operators. Hitachi Energy rigorously designs its OceaniQ products, services and solutions in collaboration with customers and partners, which are designed to solve the specific needs of offshore energy operators.Key characteristics of OceaniQ solutions feature a modular design to enable timely installation and the ability to quickly connect energy assets to onshore. OceaniQ solutions take advantage of digitalization, enabling safe and secure remote monitoring and other services such as predictive maintenance. Designs are also ruggedized to withstand harsh marine conditions, minimizing the need for physical service over their lifetime. OceaniQ solutions also embody the rigorous application of lifecycle thinking.OceaniQ transformers for offshore floating applicationsThe first products to be announced as part of the OceaniQ portfolio are Hitachi Energy's recently announced transformers for offshore floating applications. Since the first commercial projects in the early 1990s, offshore wind electricity generation has grown enormously, with more than 35 gigawatts(2) capacity currently worldwide. Yet building offshore brings great challenges beyond the harsh salt-water environment and only a small fraction of the full potential has been exploited. This is because many offshore areas do not have a suitable seabed and beyond 60-meter depths are not optimal for fixed structures.OceaniQ transformers and shunt reactors are key equipment in the grid infrastructure that enables the transmission of electricity generated in offshore wind farms. This full and qualified range of equipment has been developed in partnership with the forefront floating offshore developers. It brings in world-leading experience to meet requirements, featuring a lightweight, compact and modular design that comprises of specially-designed transformer active part, tank and components."In OceaniQ, our world-class engineers take pride in pioneering solutions that overcome harsh offshore conditions and ultimately, help society move towards a carbon-neutral future," said Bruno Melles, Managing Director of Hitachi Energy's Transformers business. Bruno added, "Floating electrical systems are an important development in the evolution of the offshore renewable industry that will open up tremendous opportunities and unlock new business models that are built on clean power. OceaniQ is fully in the spirit of Hitachi Energy's Purpose, which is focused on advancing a sustainable energy future for all." Alfredo Parres(3), Head of Renewables at Hitachi Energy commented, "Wind power is one of Earth's bountiful and free-giving natural resources and through the OceaniQ offshore portfolio, customers will be able to harness and integrate it more efficiently." Alfredo continued, "Through OceaniQ, we are building a more sustainable, flexible and secure energy system by bringing together our experts in offshore applications and wind farm connections to develop and build the solutions needed for a more integrated, interconnected and high-quality power grid. I am excited to be discussing OceaniQ with customers at WindEurope this week and how together, we can continue to pioneer technologies that maximize the full potential of offshore wind."This latest portfolio development from Hitachi Energy continues to demonstrate the company's commitment to pushing the boundaries of innovation for sustainable offshore energy environment solutions, adding to an already extensive offering. The company expects to announce new additions to the OceaniQ portfolio in the coming months. The launch of OceaniQ follows the company's recent launches of IdentiQ - its digital twin solutions for HVDC and power quality - and EconiQ - its portfolio of solutions which are proven to deliver an exceptional environmental performance resulting in significant reductions in carbon footprint.(1) Three examples of Hitachi Energy's proven track record in offshore wind:- Dogger Bank - connecting the world's largest offshore wind farm (located off the North East coast of England, UK)(bit.ly/3Kcz1wa)- WindSTAR transformers for offshore wind turbines for major renewable projects in Taiwan (bit.ly/3NQhuMw)- First-of-its-kind High-voltage hybrid switchgear for offshore wind enabling the reduction of carbon emissions (bit.ly/3j3KJgr)(2) Global Wind Energy Council's Global Offshore Wind Report 2021(bit.ly/3qZtS32)(3) Read one of Alfredo Parres' Perspectives on offshore wind: Offshore synergy - combining oil & gas experience with grid technology leadership for sustainable energy (bit.ly/38hUQMy)About Hitachi Energy Ltd.Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD. https://www.hitachienergy.comhttps://www.linkedin.com/company/hitachienergy; https://twitter.com/HitachiEnergyAbout Hitachi, Ltd.Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

23 3 月, 2022

Attend the Best Wind Power Online Workshop

Singapore, Mar 23, 2022 - (ACN Newswire via SEAPRWire.com) - Infocus International Group, a global business intelligence provider of strategic information and professional services, has announced the new dates for Mastering Wind Power training and it will be commencing live on the 7th of June 2022. A comprehensive, up-to-date and business-focused roadmap to success in delivering wind power growth, today and tomorrow.Attendees will gain an excellent understanding of all the key factors facing wind power developers and investors, from resource assessment and energy production complexities, through technology trends, project development and planning challenges, to financial returns and risks.The course will include the illustration of key concepts using online tools, wind resource datasets, energy yield, financial and other simple calculations, along with discussion of key planning and market environment considerations.In keeping with the business-focused theme of the course, any illustrative materials are designed to provide time-efficient clarification of the key course takeaways, aimed at commercially-focused business developers and investors. They are therefore accessible to non-experts, not designed to replicate the complex or in-depth detailed planning undertaken - over much longer periods! - by experienced engineers and technical teams.Past participant from Statkraft Development AS shared, "This was one of my best spent weeks on training all year! A good and efficient way of getting an overview of the renewable energy sector. I found him very knowledgeable and enthusiastic in presenting the material, also enabling knowledge exchange between participants in the group. I really enjoyed his interesting lessons and the group work he provided for additional learning outcomes. Thanks."Course Sessions1. From wind flow to electricity: wind turbines and wind farms2. Understanding and measuring wind resources3. Successful delivery of wind power projects4. Taking wind power offshore5. Making money from wind power projectsAmong the key points to be addressed- Learn from global experiences in wind power project development- Understand unique properties of wind resource, and how these feed into financial risk analysis- Gain a business-focused, up-to-date perspective on current and emerging wind technology innovations and project delivery best practices- Analyse and discuss practical and project delivery risks facing wind power projects, including key stakeholder engagements- Get hands-on with a financial model to better understand financial risks and returns for wind power projects- Compare and contrast the unique extra costs and complexities of offshore wind projects with those onshoreWant to learn more?Simply email to emilia@infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/wind-online.About Infocus International GroupInfocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.Emilia MokTel: +65 6325 0210Email: emilia@infocusevent.comWebsite: www.infocusinternational.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

14 3 月, 2022

Infocus International Relaunches the Highly Recommended Offshore Wind Online Training

Singapore, Mar 14, 2022 - (ACN Newswire via SEAPRWire.com) - Infocus International Group has announced the new date for Offshore Wind training and it will be commencing live on the 5th of April 2022. A comprehensive online course to one of renewable energy's fastest-growing sectors.This is a business-focused training seminar designed to provide business developers and investors with an accessible and concise, yet comprehensive understanding of the many facets of these capital-intensive and lengthy projects. Offshore wind projects are very different from their onshore cousins, both in terms of the components required and the project development and installation processes involved. From turbines and timescales to cabling and costs, the scales are often supersized - with clear economic and practical rationale for this.This course will lead attendees through the technologies, processes and financial return and risk considerations for those involved in offshore wind project development. Explanations will be provided in clear, business-friendly language accessible to non-engineers. Trends and emerging disruptive technologies, such as floating turbines and integrations with other clean energy solutions, will be introduced and placed into context.If you need a valuable, up-to-the-minute and independent introduction to the fast-growing offshore wind sector, this online course provides a unique learning opportunity.Past attendee from ResponsAbility Investments AG commented, "He represents a thoughtful and unbiased view in the realm of renewable energy. His insights are well reasoned, clear and, perhaps most importantly, backed up by hard numbers. Definitely a person I would turn to for guidance in this space."Course Sessions:- Developing offshore wind projects- Constructing offshore wind projects- Operating & innovating with offshore windAmong the key points to be addressed:- Essential offshore wind farm development processes- How are offshore wind projects constructed?- Key delivery risks at various stages in a project's life- Challenges to consider in operating an offshore wind farm- Key drivers of financing and financial risk & return in offshore wind projects- Essential policy, technology and market trends to consider in forward planning - Status of floating wind, and how it will impact the industry- Other disruptive technology and energy integration trends- Which markets and geographies offer the greatest growth potential?Want to learn more?Simply email to emilia@infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/offshore-wind .About Infocus International GroupInfocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.Emilia MokTel: +65 6325 0210Email: emilia@infocusevent.comWebsite: www.infocusinternational.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

10 9 月, 2021

Mooring Solutions Specialist Mooreast Asia Acquires Significantly Larger New Singapore Facility as it Prepares to Expand into Mooring Systems for Floating Wind Farms

Mooreast’s upgraded water-front facility at 51 Shipyard Road SINGAPORE, Sept 9, 2021 – (ACN Newswire) – Mooring solutions specialist Mooreast Asia Pte. Ltd. (“Mooreast”) said today that it has completed the acquisition of an upgraded water-front facility in Singapore that will more than double its capacity as it embarks on its strategic shift towards offshore renewable energy, particularly floating wind farms. Mooreast’s upgraded water-front facility at 51 Shipyard Road The new facility at 51 Shipyard Road has a usable floor space of 323,000 sqft (30,000 sqm), compared to 129,000 sqft (12,000 sqm) at its previous facility at 14 Benoi Sector. It includes three main buildings which were erected by the previous owner before it went into receivership. With minimal outlay, Mooreast is now able to use the facility for components fabrication, warehousing and office functions. Mooreast recently acquired the yard in southwest Singapore for S$18.5 million and expects to increase utilisation from 2,000 to 5,000 metric tons of steel throughput per year by 2023. The acquisition is a major part of Mooreast’s strategy to leverage on its track record and capabilities in the offshore oil and gas and marine sectors and transition to mooring and rigging products and solutions for the offshore renewable energy sector. Offshore floating platforms to capture wind, tidal or solar energy require mooring and rigging systems to anchor safely to the seabed. Such floating platforms are increasingly preferred to fixed-bottom structures that are confined to very shallow waters and may potentially harm marine life. Mooreast designs and fabricates mooring products such as specialised anchors and chain stoppers. It also offers related engineering, installation and commissioning services. Amid concerns of climate change, floating wind farms are reaching a tipping point towards commercialisation worldwide. The total global floating wind market is estimated at around US$100 billion for the next 10-15 years. Mooreast sees the addressable market for mooring solutions of about US$15 billion (15% of total) as a major opportunity. Mr Sim Koon Lam, founder and Managing Director of Mooreast, said “The new facility at 51 Shipyard Road will allow us to expand our capacity significantly and is critical for our forward strategy to position ourselves as a global leader in designing and producing total mooring solutions for the offshore renewable energy sector.” About Mooreast Asia Pte. Ltd. Formed in 2010, Mooreast Asia Pte. Ltd. is founded by its current Managing Director and sole shareholder, Mr Sim Koon Lam. It has over 30 years of experience in the offshore oil & gas and marine sectors. In recent years, it has been transforming itself to focus on the provision of total mooring solutions for the floating renewable energy sector. Its solutions include design, engineering, fabrication, supply, installation and commissioning of mooring systems for floating offshore wind farms or floating solar farms. Having successfully participated in developmental and prototype projects for six floating offshore wind turbines in Japan and one in Europe, Mooreast is recognised as a global leader of such specialised solutions for the renewable energy sector. Floating offshore wind farms usually comprise turbines and large rotating blades mounted on floating platforms which are secured by a range of Mooreast products such as subsea foundations, chain stoppers, anchor chains, specialized steel and synthetic ropes. Included in the total mooring solution offered by Mooreast are technical and engineering capabilities such as geophysical, bathymetric and metocean analyses. Media & Investor Contact InformationWeR1 Consultants Pte Ltd1 Raffles Place02-01, One Raffles Place MallSuite 332 Singapore 048616Tel: +65 6721 7161Isaac Tang, mooreast@wer1.net

30 8 月, 2021

Infocus International Announces Brand New Online Workshop on Offshore Wind

Singapore, Aug 30, 2021 - (ACN Newswire via SEAPRWire.com) - Infocus International Group has announced a brand new online workshop - Offshore Wind and it will be commencing live on 26 October 2021. A comprehensive online course to one of renewable energy's fastest-growing sectors.This is a business-focused training seminar designed to provide business developers and investors with an accessible and concise, yet comprehensive understanding of the many facets of these capital-intensive and lengthy projects. Offshore wind projects are very different from their onshore cousins, both in terms of the components required and the project development and installation processes involved. From turbines and timescales to cabling and costs, the scales are often supersized - with clear economic and practical rationale for this.This course will lead attendees through the technologies, processes and financial return and risk considerations for those involved in offshore wind project development. Explanations will be provided in clear, business-friendly language accessible to non-engineers. Trends and emerging disruptive technologies, such as floating turbines and integrations with other clean energy solutions, will be introduced and placed into context.If you need a valuable, up-to-the-minute and independent introduction to the fast-growing offshore wind sector, this online course provides a unique learning opportunity.Among the key points to be addressed- Essential offshore wind farm components and installation processes- How has offshore wind turbine technology diverged from that utilised onshore- Key delivery risks at various stages in a project's life- Challenges to consider in operating an offshore wind farm- Key drivers of financing and financial return in offshore wind projects- Essential policy and market trends to consider in forward planning- Status of floating wind, and how it will impact the industry- Other emerging technology and technology integration trends- Which markets and geographies offer the greatest growth potential?Want to learn more?Simply email to emilia@infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/offshore-wind .About Infocus International GroupInfocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.Emilia MokTel: +65 6325 0210Email: emilia@infocusinternational.comWebsite: www.infocusinternational.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

24 6 月, 2021

Hitachi ABB Power Grids teams up with BW Ideol to take offshore wind power into deeper waters

ZURICH, SWITZERLAND, Jun 24, 2021 - (JCN Newswire via SEAPRWire.com) - Hitachi ABB Power Grids announced today it has signed a memorandum of understanding with BW Ideol, a global leader and internationally recognized pioneer in floating offshore wind. The agreement relates to the global acceleration of delivering a market-ready floating substation offering and solution.A BW Ideol offshore platformFloating offshore wind is the next big frontier in offshore wind power. Installed capacity of floating offshore wind installations is forecast to grow from a modest 66 MW in 2019 to at least 6.2 GW in 2030(1) as more and more countries in Europe, Asia and North America seek to harness the rich potential of deep-water wind resources.This requires commercial-scale floating offshore wind farms comprising high-capacity wind turbines and standardized, scalable floating substations that make the develop- ment and operation of the installations viable and profitable.(2)The collaboration between the two companies, a first of its kind for floating substations globally, will accelerate the process. Hitachi ABB Power Grids will provide modular, scalable, compact substation packages for installation on BW Ideol's shallow-draft floating platforms. Both companies have worked closely together for several years now to co-create a standardized yet modular solution that addresses market requirements and the unique demands of operating in the most challenging environmental and sea-bed conditions. The substations will comprise transformers, switchgear and other high-voltage products specially developed by Hitachi ABB Power Grids for floating offshore platforms."We are delighted to be partnering BW Ideol to provide a single solution that helps offshore wind power developers and independent power producers enter deeper waters," says Alfredo Parres, Head of Renewables at Hitachi ABB Power Grids. "Our pioneering modular, scalable substations use proven technologies to make possible this leap into floating renewable energy.""We are accelerating the delivery of a market-ready floating substation offering and solution via this unique collaboration," says Paul de la Gueriviere, Chief Executive Officer of BW Ideol. "It brings together two market and technology leaders to create a standardized and scalable solution for all floating offshore wind power requirements. Supported by the solid offshore experience of our strategic investor BW Offshore, the collaboration will be able to deliver fully integrated technical and financial solutions."This game-changing innovation reinforces Hitachi ABB Power Grids' commitment to supporting the offshore energy towards a carbon-neutral future. On 4 June, Hitachi ABB Power Grids launched a portfolio of transformer products for offshore floating applications, designed to overcome the challenging offshore environment and withstand the physically demanding conditions on floating structures. The portfolio will enable much greater volumes of wind to be efficiently harvested and integrated into the global energy system, directly supporting the transition to a sustainable energy future.Hitachi ABB Power Grids is the world's leading supplier of grid integration and power quality solutions for a broad spectrum of applications, including utilities, process industries, data centers, solar photovoltaic, wind power and transportation.(1) Global Wind Energy Council - Global Offshore Wind Report 2020 (https://gwec.net/global-offshore-wind-report- 2020/).(2) Substations are an essential part of offshore wind farm infrastructure. The power is transmitted by cable from each wind turbine to the offshore substation where it is stepped up to a higher voltage and transferred safely and reliably to the onshore power grid.About Hitachi ABB Power Grids Ltd.Hitachi ABB Power Grids is a global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries. Headquartered in Switzerland, the business serves utility, industry and infrastructure customers across the value chain, and emerging areas like sustainable mobility, smart cities, energy stor- age and data centers. With a proven track record, global footprint and unparalleled installed base, Hitachi ABB Power Grids balances social, environmental and economic values. It is committed to powering good for a sustainable energy future, with pioneer- ing and digital technologies, as the partner of choice for enabling a stronger, smarter and greener grid. https://www.hitachiabb-powergrids.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

16 6 月, 2021

Mitsubishi Corporation Participates in Laos Wind Farm Project

TOKYO, Jun 16, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) has reached agreement to invest in Impact Energy Asia Development Limited (IEAD), the developer of a 600MW capacity onshore wind farm project in Laos. MC will invest through an intermediate holding company together with a group company of Impact Electrons Siam Co., Ltd. in Thailand. The initiative is being executed through Diamond Generating Asia, Limited (DGA), MC's wholly owned subsidiary in Hong Kong.Site Location The onshore wind farm will be located in Sekong and Attapeu Provinces in southern Laos. The wind farm will be the first wind farm in Laos and the largest in South East Asia. By installing a dedicated power transmission line to Vietnam, power from the wind farm is planned to be sold to Vietnam Electricity, a state-owned electric power company in Vietnam, for 25 years. In Vietnam, in addition to the need for further power supply to support its growing economy, it is crucial to secure a power source in the dry season, when the operating rate of one of Vietnam's main power sources, hydro power generation, is limited. The onshore wind farm is expected to operate at a high rate during the dry season, when hydro power generation is limited, and is expected to contribute to the stabilization of Vietnam's power system while making country's energy mix greener. The onshore wind farm is being developed as part of a memorandum of understanding on power interchange signed between the Vietnamese and Lao governments in October 2016. If electricity exports from this project are realized, it is expected to be the first cross-border electricity interchange from wind power generation in South East Asia as planned by Lao government. We will continue to contribute to the realization of a decarbonized society by striving to achieve both a stable supply of electricity in Vietnam and addressing the environmental challenges for the stable society. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

7 6 月, 2021

Hitachi ABB Power Grids launches new transformers for floating offshore wind power

ZURICH, SWITZERLAND, Jun 7, 2021 - (JCN Newswire via SEAPRWire.com) - Hitachi ABB Power Grids today launched a portfolio of transformer products for offshore floating applications, designed to overcome the challenging offshore environment and withstand the physically demanding conditions on floating structures. The portfolio will enable much greater volumes of wind to be efficiently harvested and integrated into the global energy system, directly supporting the transition to a sustainable energy future.The portfolio of transformers will be installed on floating offshore substations and floating wind turbines in deep waters, where traditional solutions are not feasibleBuilding offshore presents many challenges beyond the harsh saltwater environment. So far, only a small fraction of offshore potential has been exploited, as in many areas the seabed is not suitable and depths of 60 meters are not feasible for fixed structures.Floating substations and floating wind turbines offer a solution, which can be used in deeper waters, vastly increasing the available global capacity for developing offshore wind energy. Yet floating systems come with their own challenges: over their entire lifetime they are constantly in motion and can be exposed to vibrations and shocks from waves up to 15 meters in height."Our world-class engineers take pride in pioneering innovative solutions that overcome harsh offshore conditions and ultimately, help move society towards a sustainable energy future," said Bruno Melles, Managing Director of the Transformers business at Hitachi ABB Power Grids. "Floating electrical systems are an important development in the offshore renewable industry, that will open up tremendous opportunities for clean power," he added.Harnessing offshore wind with pioneering technologiesThis portfolio introduces a range of collector step-up transformers, earthing transformers and shunt reactors for floating substations plus wind turbine transformers for floating wind turbines, including the industry leading WindSTAR units.Transformers and shunt reactors are key pieces of equipment in the grid infrastructure, enabling transmission of electricity generated by offshore windfarms. This complete and qualified equipment range, developed in partnership with leading floating offshore developers, meets challenging operating requirements with a lightweight and modular design made up of specially designed active part, tank, tap changer, accessories and external components.About Hitachi ABB Power Grids Ltd.Hitachi ABB Power Grids is a global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries. Headquartered in Switzerland, the business serves utility, industry and infrastructure customers across the value chain, and emerging areas like sustainable mobility, smart cities, energy storage and data centers. With a proven track record, global footprint and unparalleled installed base, Hitachi ABB Power Grids balances social, environmental and economic values. It is committed to powering good for a sustainable energy future, with pioneering and digital technologies, as the partner of choice for enabling a stronger, smarter and greener grid. https://www.hitachiabb-powergrids.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

14 4 月, 2021

Infocus International Launches Wind Power Live Online Training

Singapore, Apr 14, 2021 - (ACN Newswire via SEAPRWire.com) - Infocus International Group has launched the Mastering Wind Power online course and it will be commencing live on 23rd June 2021. Throughout the five sessions, you will learn the essential guide to the business of wind power project planning & development.You will gain an excellent understanding of all the key factors facing wind power developers and investors, from resource assessment and energy production complexities, through technology trends, project development and planning challenges, to financial returns and risks. The course will include the illustration of key concepts using online tools, wind resource datasets, energy yield, financial and other simple calculations, along with discussion of key planning and market environment considerations.Benefits of Attending:- Learn from global experiences in wind power project development- Understand unique properties of wind resource, and how these feed into financial risk analysis- Gain a business-focused, up-to-date perspective on current and emerging wind technology innovations and project delivery best practices- Analyse and discuss practical and project delivery risks facing wind power projects, including key stakeholder engagements- Get hands-on with a financial model to better understand financial risks and returns for wind power projects- Compare and contrast the unique extra costs and complexities of offshore wind projects with those onshoreIn keeping with the business-focused theme of the course, any illustrative materials are designed to provide time-efficient clarification of the key course takeaways, aimed at commercially-focused business developers and investors. They are therefore accessible to non-experts, not designed to replicate the complex or in-depth detailed planning undertaken - over much longer periods! - by experienced engineers and technical teams.Want to learn more?Simply email to weslyn@infocusint.com or call +65 6325 0351 to obtain your FREE COPY of event brochure. For more information, please visit www.infocusinternational.com/wind-online .About Infocus International GroupInfocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.Weslyn LeeTel: +65 6325 0351Email: weslyn@infocusinternational.com Web: www.infocusinternational.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

2 2 月, 2021

Operations Get Underway at MHI Vestas Japan Co., Ltd.

TOKYO, Feb 2, 2021 - (JCN Newswire) - Operations got underway has at MHI Vestas Japan Co., Ltd., a joint venture between Mitsubishi Heavy Industries, Ltd. (MHI) and Vestas Wind Systems A/S (Vestas) of Denmark newly established to strengthen the two partners' collaboration in the field of renewable energies, mainly wind turbines. The new JV will take charge of marketing onshore and offshore wind turbines in Japan. It stands to benefit from the relationships of trust MHI Group has built with numerous customers through its power systems business, combined with Vestas's robust track record in wind turbine deliveries.MHI Vestas Japan's head office is located in Chiyoda-ku, in central Tokyo. Masato Yamada, former Asia Pacific Regional Manager of MHI Vestas Offshore Wind, will serve as CEO. Shareholding ratios in the new JV are MHI 70% and Vestas 30%.In the wake of the Paris Agreement, global warming and climate change have become universally acknowledged issues that critically impact all humanity, ushering in a period calling for vast social changes. Against this backdrop, the global market for wind energy systems is expected to double over the next 10 years(1). In Asia, which accounts for half of that demand, a cumulative mean growth rate of near 10% is projected, excluding China.The Japanese Government too is calling for offshore wind energy to become a major source of power as the country pursues maximum use of renewable energies toward realizing a decarbonized society by 2050. On December 15, 2020, at a Public-private council with representatives from the private sector tasked with strengthening Japan's offshore wind power industry, the government and industry agreed on the following targets in their vision for the offshore wind power industry: 10 gigawatts by 2030, and between 30 and 45 gigawatts by 2040. As these figures indicate, significant growth in this industry is anticipated.With establishment of MHI Vestas Japan, MHI and Vestas look to build further on the technologies, experience and trust established through the operations of MHI Vestas Offshore Wind. In addition to helping expand use of onshore and offshore wind power, the new JV will integrate the superior technological capabilities and abundant experience of its two parent partners, thereby accelerating global-scale initiatives toward decarbonization.(1) Source: Wood Mackenzie Global Wind Power Market Outlook Update: Q4 2020 Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com

30 10 月, 2020

MHI to Issue First Green Bond

TOKYO, Oct 30, 2020 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today submitted a revised shelf registration statement to the Director-General of the Kanto Local Finance Bureau in preparation for its planned issuance of a corporate green bond(1) in the Japan market. The move represents the Company's first issuance of this kind.MHI Senior Vice President and Chief Financial Officer (CFO) Hisato Kozawa described the significance of the Company's first green bond issuance as follows: "Since its founding, MHI has contributed to progress in society with myriad products and technologies. The funds raised by issuing this green bond will be used to address environmental issues and thereby facilitate achievement of a decarbonized society, and we believe we can contribute to that society by providing a well-balanced energy infrastructure. In this way, the green bond issuance will help resolve energy issues as a means of achieving decarbonization, a cornerstone of our materiality initiatives."1. Objectives and BackgroundMHI contributes to the resolution of global issues through worldwide provision of products and technologies that support infrastructure, both improving people's lives and driving industry forward. Through our business operations we contribute to progress in the world as a company engaged in "monozukuri" -- the traditional Japanese concept of craftsmanship -- based on our corporate philosophy set out in "Our Principles."MHI Group is proactively addressing environmental concerns through its support of the "Declaration on Challenge Zero." Challenge Zero (Challenge Net Zero Carbon Innovation) is a new initiative under which Japanese companies and organizations will promote and support worldwide innovative actions taken to achieve a decarbonized world -- the long-term goal of the Paris Agreement, the international framework focused on addressing climate change.As a measure to enable decarbonized world, MHI Group will bring environmentally improving effect by driving renewable energy/clean energy business (wind power equipment/business, hydrogen power equipment/business, and geothermal power equipment/business), which are the usage purpose set for this fund issuance. Eventually, we aim to contribute to achieving "ensuring access to affordable, reliable, sustainable and modern energy for all", which is the 7th Sustainable Development Goal defined by the United Nation.2. Outline of the IssuanceBond name: Mitsubishi Heavy Industries, Ltd. 36th Unsecured Corporate Bond (with Inter-bond pari passu clause)(MHI Green Bond)Maturity: To be determinedIssuance amount: To be determinedIssuance time: To be determinedUse of proceeds: New or existing businesses or projects relating to renewable energy or clean energy (wind, hydrogen and geothermal power systems)Lead-managing underwriters: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.; SMBC Nikko Securities Inc.; Mizuho Securities Co., Ltd.; Nomura Securities Co., Ltd.; Daiwa Securities Co., Ltd.; Merrill Lynch Japan Securities Co., Ltd.(2)Green bond structuring agent(3): Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.3. Preparation of Green Bond Framework and Acquisition of Second Party OpinionIn preparation for issuance of its green bond, MHI Group has compiled the "Mitsubishi Heavy Industries, Ltd. Green Bond Framework" recording its intentions regarding the four elements stipulated in the Green Bond Guidelines of the International Capital Market Association (ICMA): 1) use of proceeds; 2) process for project evaluation and selection; 3) management of proceeds; and 4) reporting.With respect to evaluation of the green bond's suitability, the Company has received a second party opinion (SPO) from Sustainalytics, a third-party institution, attesting to the bond's conformity with ICMA's "Green Bond Principles 2018" and the "Green Bond Guidelines" (2020 edition) issued by the Japanese Ministry of the Environment.4. Outline of Green ProjectsMHI Group's operations in wind power systems trace back to 1982 when the Company delivered its first commercial unit in Japan. Since then, we have supplied a total of more than 4,200 wind turbines (approx. 4.4 gigawatts) worldwide. In 2014 we established a joint venture with Vestas Wind Systems A/S (Vestas) of Denmark dedicated to business in offshore wind power systems. Known as MHI Vestas Offshore Wind A/S (MVOW), the JV has grown into a top global player in the area of wind systems. On October 29, 2020, MHI made an agreement with Vestas to transfer its shares in MVOW to Vestas and to acquire a 2.5% shareholding in Vestas, in order to strengthen competitiveness in this field by unifying development and manufacturing, including onshore wind systems, under Vestas. The agreement also strengthens MHI Group's partnership with Vestas in wind power systems, for example by MHI occupying one seat on the Vestas board. In addition, in July 2020, with an eye on the overall offshore wind systems value chain, we established a JV with Copenhagen Infrastructure Partners P/S (CIP), also of Denmark, to develop an offshore wind power project in Hokkaido. In partnership with CIP, MHI is now entering the domestic market for offshore wind power systems.MHI Group has a robust track record in the manufacture and delivery of diverse products related to hydrogen, including hydrogen production systems and rocket engines that use hydrogen as a liquid fuel. We also have abundant experience in the use of hydrogen to generate electricity: specifically, a history of using hydrogen-containing by-product gas spanning some 50 years, back to the 1970s. In the area of large-scale gas turbines, we have achieved 30vol% hydrogen mixed combustion technology, enabled mainly through development of proprietary combustion chamber technology. In addition, MHI Group is participating in a feasibility study for a project targeting transition to 100% hydrogen firing by 2025 at part (440 megawatts) of a natural-gas-fired GTCC (gas turbine combined cycle) power plant in the Netherlands. Plans call for nearly a complete reduction of the plant's current CO2 emissions (approx. 1.3 million tons per year).MHI Group has continuously worked over many years to develop new geothermal power technologies. For example, we were first in the world to apply "two-phase flow and transport" in combination with a "double-flash" system, which today is a global standard in geothermal power plants. Our geothermal plants, which are based on the results of research accumulated over many years, today demonstrate their high performance and high operating rates worldwide. As an example, the Los Azufres III geothermal plant inaugurated in Mexico in 2015 achieved an operating rate of 99.6% within one year of start-up. MHI Group boasts an abundance of knowledge, experience and technologies in geothermal power systems, and today we rank first in the world in number of total deliveries. Going forward, we will continue to provide superlative geothermal technologies that enable stable supplies of electric power.(1) An unsecured straight bond issued only to finance green projects: i.e. projects that will result in environmental improvement. The first bond designated as a "green bond" was issued in 2008 by the International Bank for Reconstruction and Development (IBRD), a member of World Bank Group. The scale of the green bond market has subsequently expanded in response to rising attention focused on the environment and such bonds' potential to contribute to initiatives in environmental areas.(2) Effective November 1, 2020, Merrill Lynch Japan Securities will change its trade name to BofA Securities, Inc.(3) A green bond structuring agent supports the issuance of a green bond largely by advising the issuer on how to prepare a green bond framework and how to obtain an SPO. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com