Enel starts building Latin America’s largest solar plant
Italian Utility Enel has started construction of the 292MW Nova Olinda solar plant in Brazil through its subsidiary Enel Green Power Brasil Participações (EGPB).
The plant will cover an area of 690 hectares and will have the ability to generate more than 600 GWh per year — enough to meet the annual energy needs of some 300,000 Brazilian households while preventing the emission of roughly 350,000 tonnes of CO2 into the atmosphere.
“The start of construction of Nova Olinda is another step forward for our Group in Brazil, confirming our leadership in the country’s solar market,” said Carlo Zorzoli, Enel’s Country Manager for Brazil.
“The Brazilian government has developed an attractive and well-structured auction process, and our success in the country has been built upon our market-leading technology, our excellent financing, and a reputation for sustainable stakeholder engagement”
EGPB already runs the country’s largest solar project currently in operation, the 11MW Fontes Solar plant, and is building the 254MW Ituverava, which will be Brazil’s second-largest solar project. The company is investing approximately US $300 million in the construction of Nova Olinda.
The solar plant will be supported by a 20-year power purchase agreement (PPA) that permits the sale of the energy generated by the plant to the Brazilian Chamber of Commercialisation of Electric Energy.
Once completed, Nova Olinda — which is located in Ribeira do Piauí in Brazil’s north-eastern state of Piauí — will be the largest solar project in Latin America.
Trafigura and Yara International explore clean ammonia usage
Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050.
How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.
Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:
- The supply of clean ammonia by Yara to Trafigura Group companies
- Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
- Development of new clean ammonia assets including marine fuel infrastructure and market opportunities
Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.
There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.
Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.
Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.
Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.
It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.