NewBase 27 October 2023 Energy News issue - 1668 by Khaled Al Awadi_compressed.pdf

Copyright © 2023 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 1
NewBase Energy News 28 October 2023 No. 1668 Senior Editor Eng. Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Saudi Arabia’s Acwa Power aims To invest / build in China
amid energy transition
The National John Benny + NewBase
Saudi Arabia's private utility developer Acwa Power plans to double down on efforts to expand in
China, the world’s largest producer of renewable energy, according to a top
executive.
Acwa Power, which opened an office in the Asian country in 2008, will look
into developing clean energy projects, with more focus on green hydrogen
and desalination projects, said Raad Al Saady, the company’s vice
chairman and managing director.
“One of the geographies that will … move the needle for us the most is China,” Mr Al Saady told The
National on the sidelines of the Future Investment Initiative. “We have been doing business in China
for many years … we've had business, in terms of acquiring products and services [worth] more
than $30 billion already.
“What we've started to do is see how we can take the business that we've created in many parts of
the world and take that to China.” Last month, Acwa Power signed initial agreements with two
Chinese companies to bolster collaboration in areas such as green hydrogen and ammonia as well
as renewable energy.
The agreements were signed with state-owned China Southern Power Grid International Company
and clean energy company MingYang Smart Energy Group.
The International Energy Agency expects China’s energy demand to peak around the middle of this
decade amid continued growth in clean energy.
China’s renewable power capacity additions reached 109 gigawatts in the first half of 2023,
accounting for 71 per cent of the total new capacity installed in 2022, according to Fitch Ratings.
ww.linkedin.com/in/khaled-al-awadi-80201019/

“We wanted to get ready, and I think the market is also ripe,” Mr Al Saady said. Acwa Power’s
$8.5 billion green hydrogen project in Saudi Arabia’s smart city Neom has motivated the company
to explore similar ventures in other geographies, he said.
The Neom project will use 4 gigawatts of renewable power from solar, wind and storage to produce
650 tonnes a day of hydrogen from electrolysis. The project, expected to come on stream in 2025,
will produce about 1.2 million tonnes of green ammonia a year.
Last year, supply chain disruptions resulting from the Covid-19 pandemic and Russia's invasion of
Ukraine drastically increased the cost of raw materials, affecting several sectors including
renewable energy.
“The solution to a lot of this, we learnt, [is] that you need to increase your local content, whether it's
a requirement or not, it's the right thing for business,” Mr Al Saady said. The Acwa Power executive
said the company has been encouraging its partners to set up manufacturing units in Saudi Arabia.
“We just need to make sure that whoever is doing a project is the best at doing [it]. There are projects
in place today,” he added.
Acwa Power, which is aiming to achieve net zero as a company by 2050, is “optimistic” about the
future, despite recent economic and geopolitical challenges, Mr Al Saady said. “2023 has been a
very good year for us. Part of it is the work we've done, but a lot of it also is the readiness for the
globe for energy transition and we see that trend increasing,” he added.
“The momentum is there and we just have to continue to be ready.”
Renewable energy is expected to make up nearly half of the global electricity mix by 2030 under
current policies, but “stronger” measures would be required to meet the goals of the Paris
Agreement, the International Energy Agency said in its latest World Energy Outlook.
By the end of the decade, there will be 10 times as many electric cars on the road worldwide, with
the share of renewable energy in power generation rising to 50 per cent from 20 per cent now, the
agency said.

Saudi SPPC award 7.2 GM - $7.8bn Saudi power projects
TradeArabia News Service + NewBase
Saudi Power Procurement Company (SPPC) has announced the winning bidders for four of its key
conventional independent power plant (IPP) projects - Taiba-1, Taiba-2, Qassim-1, and Qassim-2 -
being set up in the kingdom at an investment of nearly SR29 billion ($7.8 billion).
These projects, which boast a total of 7.2GW
capacity, are being implemented as part of the
KSA's energy mix plan under the supervision
of the Ministry of Energy, said SPPC, a limited
liability company owned by the government,
which is the off-taker for both projects.
Mainly aimed at meeting the future load
demand of the electrical system, the energy
mix plan will also ensure the reliability and of
energy supply, localisation of the gas turbines
industry as well as permit the utilisation of
carbon capture technologies, it stated.
According to SPCC, a consortium of Saudi
Electricity Company (SEC) and Acwa Power, a
leading regional developer of power and
desalination projects, clinched the winning bid
for Taiba-1 and Qassim-1 combined-cycle gas
turbine (CCGT) projects, which will be
developed at total investment of SAR14.6
billion ($3.9 billion), while a consortium of
Saudi-based Al Jomaih Energy and Water
along with French utility major EDF and Buhur
for Investment has won the Taiba-2 and
Qassim-2 projects.
Early this year in January, SPPC had launched
the request for proposals (RFP) for these
projects, and by July-end, it had received five
bids for each of Taiba-2 and Qassim-2
projects. The following month, five bids were
received for each of Taiba-1 and Qassim-1
projects.
All bids were evaluated to ensure compliance with the RFP's technical and commercial
requirements before the announcement of the winning bidders, said SPCC in a statement. Each
project will be developed on a build, own, and operate (BOO) basis by the wining consortiums,
which will be 100% owned by the successful bidder.
The winning consortiums will now work with SPPC, its partners and relevant stakeholders to steer
the project towards the signing of 25-year power purchase agreements (PPAs) next month.
According to SPPC, the projects will contain the latest Class H/J Gas Turbines of the highest

efficiency in Combined Cycle operation, for the first time in the Kingdom of Saudi Arabia and will
allow for the utilization of carbon capture technologies.
These projects will supply power to approximately 3 million residential units annually, it added. The
projects have a total capacity 7,200 MW. It is broken up in four combined cycle power projects of
1,800MW capacity each: Taiba IPP 1 - 1,800 MW; Qassim IPP 1 - 1,800 MW; Taiba IPP 2 - 1,800
MW; Qassim IPP 2 - 1,800 MW.
This is in alignment with Kingdom’s Saudi Green Initiative, and its stated greenhouse gases (GHGs) net-zero
ambition by 2060 through deployment of technologies for circular carbon economy approach. This is in
addition to the energy sector’s objectives to ensuring security of supply, diversity of market participation, fair
competition, and transparency, The projects will drive further local content and add value to the Kingdom by
contributing to raising the local content percentage and industry localization

Britain’s Net Zero Plans Have to Lean More on Carbon Capture
Bloomberg - Priscila Azevedo Rocha and Elena Mazneva
Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly
speed up carbon capture projects, which could become crucial if the country is to reach its net zero
ambitions.
The company’s aging Morecambe gas site, off the west coast of England, wasn’t selected for
a support scheme this summer that’s backed by billions of pounds of government funding. Even
after that disappointment, the energy business still plans to start burying carbon emissions from its
own gas processing site nearby around early 2025.
The Central Processing Complex at the Spirit Energy Morecambe field platform, in the Irish Sea
off the coast of Lancashire,
Chris O'Shea aboard Spirit Energy platform in the Morecambe offshore gas field, off the coast of
Lancashire, UK, on Oct. 20.Photographer: Dominic Lipinski/Bloomberg
The idea is to prove viability and then fully commercialize the operation, selling the carbon storage
service to other industries. That will require about £1 billion ($1.2 billion) of investment, as well as
government backing which O’Shea says isn’t moving fast enough.
Carbon capture and storage, or CCS, involves taking CO2 emissions, transporting them to a site —
usually an old oil and gas field — and burying them.
It’s controversial, with critics saying it can help to extend the life of fossil fuels that should be winding
down faster. It’s also expensive, and there’s a risk of environmental damage from leakage at
storage sites.

But CCS remains in focus as a decarbonization tool because of slow global progress in reducing
emissions. In the UK, worries about energy security and fuel prices after Russia’s invasion of
Ukraine prompted Prime Minister Rishi Sunak’s government to issue new permits for oil and gas
production in the North Sea. Other policy shifts have also raised questions about the UK’s ability to
meet green targets, particularly its 2050 net zero goal.
Centrica’s CCS plans are centered on Morecambe in the Irish Sea, operated by joint venture Spirit
Energy. Over the past four decades, Spirit Energy says the field has pumped out enough gas —
more than 6.5 trillion cubic feet — to fill Scotland’s famous Loch Ness 25 times over.
Centrica currently expects to continue production until the end of the decade, having previous
planned to stop in the mid-2020s.
Centrica plans to bury carbon emissions at the facility in the Irish Sea.
The platforms there — mazes of pipes, bridges and rigging dotted with workers in bright orange
overalls — are inextricably linked to the era of dirty energy that the world is trying to put behind it.
But carbon storage, once it comes online, will give the facilities a new function.
Chief Executive O’Shea, who’s out to prove a point, describes the project as “truly huge.”
“It can store more carbon dioxide molecules than there are grains of sand in the Sahara desert,” he
said in an interview during a recent visit to the site. “We need to speed up timelines massively, but
we also need the support of government.”

The plan for Morecambe looks straight forward. Gas will contine to flow and be brought onshore for
processing. Then, rather than venting the CO2 from the production, a pipeline will bring it back
offshore in a “closed loop system” that allows simultaneous injection and extraction.
Carbon Capture Projects Need Infrastructure Spending
Centrica wants to use its old gas field for CO2 storage
While Morecambe didn’t get support under the UK CCUS program, it already has a carbon storage
license. And Centrica owns all the assets — the terminal, the pipeline — so it can press ahead with
capturing its own emissions. (CCUS is a related concept, where CO2 is reused — the “U” in the
acronym — rather than stored.)

Initial CO2 injection point for carbon capture and storage, on the Central Processing Complex at
the Spirit Energy Morecambe field platform.
The next stage is getting other industries involved, and heavy emitters, like the cement
industry located in Britain’s Peak District, have signed up. But that means much more infrastructure
investment, and it’s where government funding and support comes in.
“What you've really got is this kind of chicken and egg thing, which is who builds a pipeline across
from the cement industry to Morecambe, from the emitters to Morecambe? And how do we make
that work? ” O’Shea said. “The government, regulators have got to realize that you’ve got to be
making decisions quickly because it can usually take you two years to do the engineering.”
Source: International Energy Agency

Spirit Energy estimates the project could store more than 5 million tons of CO2 per year at the start,
rising in time to 25 million tons.
“Overall, the evidence is clear that the UK would have minimal chance of reaching net zero by 2050
without employing CCUS,” Esin Serin, a policy fellow at the Grantham Research Institute on Climate
Change and the Environment, wrote in a recent blog. But it “should be part of, not an excuse to
delay, an overarching push for clean technologies,” she said.
The government has said CCUS will play a “critical role” in the move to net zero. There are currently
more than 90 carbon capture and storage projects planned, enough for about 94 million tons of CO2
per year — equivalent to more than a quarter of total UK emissions, according to the UK’s CCS
Association.
Yet, only a few industrial clusters have been selected across England and Scotland in a bid to kick
start the industry.
The slow movement partly reflects lengthy consultations and assessments in the UK. The system
also has companies effectively compete against other for government approval, rather than just
meet a certain criteria for funding.
A pig trap at the end of the 25km pipeline to the Barrow Terminal from the Central Processing
Complex. A pipeline is now required to get emissions to the field.Photographer: Dominic
Lipinski/Bloomberg
Bas Sudmeijer, managing director and partner at the Boston Consulting Group, says the UK strategy
has some benefits, but it “comes with trade-offs on pace.”

“It remains to be seen what model is ultimately most successful,” he said. “But the first CCUS Final
Investment Decisions have now been taken in both Europe and the US, whereas in the UK that is
not yet the case.”
The UK government has committed £20 billion for early deployment of CCS technology, including
a £1 billion CCUS infrastructure fund. But though the underlying technology has been around for
decades, high capital costs remain an issue.
A spokesperson for the Department for Energy Security said the government is committed to further
development of carbon capture, utilization and storage.
“Everybody’s trying to do their best — the government, regulators, businesses,” said Jon
Butterworth, CEO of grid operator National Gas Transmission Plc. But the UK needs a network to
capture, transport and store carbon, and the issue needs a “bigger conversation.”

NewBase October 28 -2023 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil prices up 3% on worries about Middle East supplies
Reuters + NewBase
Oil prices climbed about 3% to a one-week high on Friday on worries that tensions in Israel and
Gaza could spread into a wider conflict that could disrupt global crude supplies.
Brent futures rose $2.55, or 2.9%, to settle at $90.48 a barrel, while U.S. West Texas Intermediate
(WTI) crude rose $2.33, or 2.8%, to settle at $85.54.
Brent's premium over WTI rose to its highest since March, making it more attractive for energy firms
to send ships to the U.S. to pick up crude for export.
For the week, Brent was down about 2% and WTI down about 4%.
Trading was choppy. Early in the session, oil prices soared by more than $2 a barrel after the U.S
military struck Iranian targets in Syria. Then prices briefly turned negative as markets digested
various reports on mediation talks between the militant Hamas group and Israel led by Qatar in
coordination with the U.S.
Oil price special
coverage
Brent futures touch $90 a barrel
Developments in Middle East yet to impact oil supplies
Hamas conditions hostage release on Israel ceasing bombardment
Israel says preparing for ground invasion of Gaza

"We are at the mercy of the next headline ... and I think that's kind of what we've been seeing today
with the price swings," said Phil Flynn, an analyst at Price Futures Group.
"You'd like to be trading the fundamentals, but you really can't because you've got to be more
worried about ... what's going to happen in the Middle East," Flynn said. "No one wants to be short
over the weekend."
Israeli air and ground forces were stepping up operations in the Gaza Strip amid reports of heavy
bombing of the besieged enclave.
A Hamas official, meanwhile, conditioned the release of hostages in Gaza on a ceasefire in Israel's
bombardment of the Palestinian enclave, launched after a deadly Hamas rampage into southern
Israel nearly three weeks ago.
Several countries, including many Arab states, have urged Israel to delay a planned ground
invasion that would multiply civilian casualties and might ignite a wider conflict.
RED LINES
Middle East developments have so far not directly affected oil supplies, but many fear disruptions
of exports from major crude producer and Hamas backer Iran and others.
"(It) remains incredibly difficult even for the most knowledgeable regional watchers to make high
conviction calls about the trajectory of the current crisis, as the red lines that could bring more
players onto the battlefield remain largely indiscernible," RBC Capital analyst Helima Croft said.
Goldman Sachs analysts retained their first-quarter 2024 Brent crude price forecast at $95 a barrel
but added that lower Iranian exports could cause baseline prices to rise by 5%.
Prospects for oil demand were uncertain.
U.S. consumer spending surged in September but was seen cooling off in early 2024. Some
economists believe the U.S. Federal Reserve is done raising interest rates to fight inflation, which
can slow economic growth and reduce oil demand.
But, economists told Reuters they expect high inflation will continue to dog the world economy next
year.

NewBase Specual Coverage
The Energy world –October 28 -2023
CLEAN ENERGY
Europe's wind power goal hits new snag: security
Reuters Jacob Gronholt-pedersen and Kate Abnett + NewBase
As Europe turns to renewable sources to diversify energy supplies away from Russian oil and gas,
a peaceful marine scene conceals a billion-dollar security headache.
Rising above the Baltic Sea less than 10 km (6 miles) off the coast of Denmark, 161 wind turbines
spin slowly. They supply around 4% of the country's power, sent to shore through two cable
connections.
The turbines have no barriers or surveillance.
A view of the turbines at an offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little Acquire Licensing Rights
"Our technicians are only here until five o'clock in the afternoon, then they go home," said Thomas
Almegaard, head of operations at Nysted wind farm, co-owned and operated by Denmark-based
Orsted, the world's biggest offshore wind developer.
"If the Russians wanted to cause damage, they could do it easily," he told Reuters aboard a service
vessel as it sailed through the wind farm.
"We don't do any monitoring."
The picture is similar across the North and Baltic Seas, Reuters found in a survey of 13 governments
and interviews with a dozen lawmakers, regulators, military and industry officials. European states
and companies are only now starting to monitor and secure their windfarms, the reporting showed.
Developers like Orsted think governments should take the lead and help provide the billions of
dollars needed to protect their infrastructure. But even as North Sea countries alone plan to install
 North Sea countries to aim to quadruple offshore wind, security plans vague
 Most governments say offshore developers should pay for security
 Developers say states should pay to protect territorial waters
 Spate of recent acts of sabotage underlines risks

enough wind power for more than 100 million homes by 2030, governments are still considering
how much they can spend to safeguard such offshore assets.
Time is short: The EU has a legally
binding goal to nearly double
renewable sources as a share of
total energy by 2030, to 42.5%,
requiring a rapid expansion of
offshore wind.
The risk was underlined last year
with attacks by unidentified
saboteurs on the Nord Stream
pipeline. Again this month, Finland
and Sweden said a subsea gas
pipeline and telecommunications
cables had been damaged,
including a link between NATO
members Finland and Estonia.
Finland said its review of vessels in
the area at the time found a Russian
and a Chinese ship among them.
President Vladimir Putin has
dismissed the idea Russia was
involved as "rubbish;" the Chinese
shipowner, NewNew Shipping,
declined to comment.
The Netherlands and Denmark have
both accused Russian ships of
attempting to map what Sweden's
Prime Minister has called a
"spaghetti" of critical infrastructure in their waters.
But of the governments surveyed, only Britain and Poland said they had invested or budgeted for
steps to improve the security of offshore infrastructure. The others declined to answer questions on
budgetary commitments or said they were now looking into further funding.
When it comes to who should pay for such measures, most governments said the buck stops with
the developers.
Britain, which has spent 65 million pounds ($79 million) adapting two vessels for underwater
surveillance and seabed warfare, said its government was responsible for security policy and works
with industry to implement protection measures.
Seven other countries said the job of securing energy assets falls mainly to industry, although the
naval forces play a role.
Officials at two large wind energy firms and at two defence companies told Reuters only a few wind
farms have installed radars to monitor traffic. Otherwise, they said, no security equipment is installed
today - because there are no requirements to do so and because of the cost.
"I think it's extremely important to say that protection of assets within territorial waters is a state
matter and not (that of) a developer," Orsted CEO Mads Nipper told Reuters in April.

Orsted has 12 operating wind farms in the UK, five in Denmark, four in Germany, and one in the
Netherlands.
Soaring inflation and interest rates, increased seabed leasing fees and volatile energy markets have
all come together to squeeze European wind developers in the last two years.
'VERY INTENSE'
In March, NATO set up a unit to address vulnerabilities of undersea infrastructure: it says it has
boosted ships and aircraft patrolling the Baltic and North Sea.
The threat is acute. Swedish Rear Admiral Ewa Skoog Haslum has called the situation at sea "very
intense" and James Appathurai, NATO's Deputy Assistant Secretary General for Emerging Security
Challenges, told a conference in Copenhagen earlier this month the threat is a live one.
He said Russia's Undersea Research Program has spent decades mapping out Europe's critical
undersea infrastructure and "preparing ways to sabotage it".
"It's extremely well resourced," he said. "These are very, very modern ships with very, very modern
capabilities, including remotely operated vehicles that come out from underneath."
Moscow did not respond to a request for comment.
COST
Individual turbines are not as critical as infrastructure such as high-voltage cables, Apparuthai and
six industry sources said.
Solutions include underwater drones to monitor subsea infrastructure, small radars and cameras to
observe ships, and sensors inside power cables to detect unusual movements.
Installing such equipment on a large wind farm would cost between 20 million euros and 60 million
euros ($21 million-$63 million), according to three industry sources. Overall cost data is not widely

available but as an indication, that would be less than 2% of the cost of one project, Sofia, being
built by Germany's RWE in the North Sea.
If North Sea countries were to meet their target for extra offshore capacity, that would cost up to 3.6
billion euros more to secure, according to Reuters calculations. Surveillance including active patrols
would add much more.
Under the European Union's Internal Security Fund for 2021 to 2027, 1.35 billion euros are available
for members to increase security in their countries, said the European Commission's spokesperson
for home affairs, Anitta Hipper. This may be spent on critical infrastructure, but that's up to individual
countries, she said.
An EU directive that focuses on strengthening resilience of critical infrastructure came into force this
year. It requires every country to have plans in place to protect their critical assets by 2026.
Military officials, lawmakers, and the wind industry in at least five countries have yet to agree who
should bear the cost, nine wind and defence industry insiders and government officials told Reuters.
Finland, Sweden, Denmark, the Netherlands and Germany either told Reuters or have said
elsewhere that it is primarily industry's responsibility to invest and secure wind farms; Poland and
Belgium have said it was a shared responsibility and the other countries said the state or navy
should have a role to play in risk assessment or in threat situations.
Norway, Estonia, France and Lithuania did not respond to Reuters' inquiry. Latvia has yet to build
its planned windfarms, so declined to comment.
"Protecting underwater infrastructure, including cables, pipelines and wind turbines, is crucial but
challenging. It requires a lot of effort from the government side," said Mattia Cecchinato, senior
adviser for offshore wind at WindEurope.
"The industry wants to and must do its part too."
'SOMEONE TAKE CHARGE'
A direct attack on a NATO country could trigger a full response from the alliance. NATO is clear that
within territorial waters, it's down to states to protect their infrastructure. But without surveillance, it
is not possible to find culprits. And most planned new offshore projects will be in international waters.
There is one planned project where Orsted says the roles are clear - a 1.5 gigawatt offshore wind
project it is building in the Polish part of the Baltic.
Poland in July passed legislation to allow its military to sink an enemy ship targeting energy
infrastructure there. It said it would establish a permanent coast guard base close to where offshore
wind farms are planned.
"It is very clear in Poland who is responsible," said Orsted's head of European operations Rasmus
Errboe. But even Poland thinks the burden should be shared.
"The military's role is to defend critical infrastructure in war time ... but the day-to-day activity of
protecting infrastructure is a commercial issue," said Krzysztof Jaworski, Commander of the Naval
Operations Centre in the Polish Navy.
Elsewhere in Europe, Orsted's Errboe said, there are different framework conditions depending on
where you are. "From the industry's side, there is an unequivocal need for someone to take charge,"
he said.

Offshore renewable energy industry outlook - 2030 and beyond
The offshore energy industry in the North Sea is constantly evolving with new advancements in
technology allowing larger wind farms to be built further offshore that use bigger and more powerful
turbines than current models.
There is also the introduction of other new energy technologies such as floating wind, hybrid
platforms, tidal energy lagoons and energy storage (see Section 3.3 for a more information of
offshore energy industry trends).
These advancements are pushing to reach set energy targets in order to tackle the issues of energy
demand and security, reducing CO2 emissions and climate change. According to WindEurope’s
Central Scenario, there would be 323 GW of cumulative capacity by 2030: 70 GW offshore and 253
GW onshore.
Forecasted cumulative installed capacity until 2030 under WindEurope’s low and high scenario (Source: WindEurope)

WindEurope’s Central Scenario indicates significantly more capacity than both the European
Commission (+78 GW) and the International Energy Agency (IEA) New Policies (+31 GW)
scenarios.
The various IEA scenarios accounts national policy and targets of all EU member states, country
climate pledges as part of the Paris Agreement, as well as an aspiration of limiting average global
temperature increase in 2100 to 2oC above pre-industrial levels.
Even under the most optimistic scenario, IEA prediction results in 292 GW of cumulative wind
energy capacity installed by 2030 in the European Union, but still 31 GW less than WindEurope’s
Central Scenario.
The European Commission Reference 2016 scenario results in 255.4 GW of cumulative wind
energy capacity installed by 2030. It assumes that the EU’s legally binding greenhouse gas
emissions and renewables targets to 2020 are met.
It also assumes a constant decrease in CO2 emissions as well as strong reduction in final energy
demand due to successful energy efficiency policies. This is equivalent to WindEurope’s Low
Scenario and can be considered a conservative forecast estimate.
Wind energy growth forecasts for both on-shore and off-shore markets in 2030 broken down by
leading countries are provided in the figure below. Germany, UK, Netherlands, and Sweden are the
North Sea countries who are expecting to maintain a leading role in wind energy market by 2030.
Wind energy (on-shore & off-shore) growth forecasts. WindEurope scenarios in comparison to
Commissions and IEA’s forecasts (Source: WindEurope)

Wind energy (on-shore & off-shore) 2030 growth forecasts for EU countries by WindEurope according to Central
Scenario (Source: WindEurope)
Besides offshore wind, ocean energy (wave and tidal energy) is expected to play an important role
post 2020. According to Ocean Energy Europe (OEE). , industry scenarios indicate that 337GW of
wave and tidal energy capacity could be deployed around the world by 2050.
A third of that capacity (100GW) is found in Europe alone. 100GW of wave and tidal capacity can
produce around 350 TWh of electricity a year. Consequently, the roll-out of wave and tidal energy
over the next 35 years could cover up to 10% of the European Union’s energy demand.
The European Union has significantly increased its support for ocean energy over the past years
through grant schemes for both early stage development and deployment. Moreover, ocean energy
can tap into risk capital financing through the European Investment Bank.
Most North Sea countries (Belgium, Denmark, Germany, the Netherlands, Norway, and the United
Kingdom) have set-up funds to promote ocean energy research and innovation. Alongside these, a
number of national support schemes facilitate deployment of pilot ocean energy projects.

NewBase Energy News 28-October - Issue No. 1668 call on +971504822502, UAE
The Editor:” Khaled Al Awadi” Your partner in Energy Services
NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscriptions, please email us.
About: Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
www.linkedin.com/in/khaled-al-awadi-38b995b
Mobile: +971504822502
khdmohd@hawkenergy.net or khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas
sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S.
Universities. Currently working as self leading external Energy consultant for the
GCC area via many leading Energy Services companies. Khaled is the Founder of
the NewBase Energy news articles issues, Khaled is an international consultant,
advisor, ecopreneur and journalist with expertise in Gas & Oil pipeline Networks,
waste management, waste-to-energy, renewable energy, environment protection
and sustainable development. His geographical areas of focus include Middle East,
Africa and Asia. Khaled has successfully accomplished a wide range of projects in
the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas
compressor stations. Executed projects in the designing & constructing of gas pipelines, gas metering &
regulating stations and in the engineering of gas/oil supply routes.
Has drafted & finalized many contracts/agreements in products sale, transportation, operation &
maintenance agreements. Along with many MOUs & JVs for organizations & governments authorities.
Currently dealing for biomass energy, biogas, waste-to-energy, recycling and waste management. He has
participated in numerous conferences and workshops as chairman, session chair, keynote speaker and
panelist.
Khaled is the Editor-in-Chief of NewBase Energy News and is a professional environmental writer with over
1400 popular articles to his credit. He is proactively engaged in creating mass awareness on renewable
energy, waste management, plant Automation IA and environmental sustainability in different parts of the
world. Khaled has become a reference for many of the Oil & Gas Conferences and for many Energy program
broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time, see
contact details above.

NewBase 27 October 2023 Energy News issue - 1668 by Khaled Al Awadi_compressed.pdf

Recommended

Recommended

More Related Content

Similar to NewBase 27 October 2023 Energy News issue - 1668 by Khaled Al Awadi_compressed.pdf

Similar to NewBase 27 October 2023 Energy News issue - 1668 by Khaled Al Awadi_compressed.pdf (20)

More from Khaled Al Awadi

More from Khaled Al Awadi (20)

Recently uploaded

Recently uploaded (20)

NewBase 27 October 2023 Energy News issue - 1668 by Khaled Al Awadi_compressed.pdf