Senvion files for insolvency
On Tuesday April 9th a German court in Hamburg approved the application for insolvency from major wind turbine manufacturer Senvion. While few details have been released by the company itself, many believe that the sheer competitiveness of the market forced the company into bankruptcy.
At the time Senvion filed for insolvency, the company had supplied seven operating wind farms and was in the process of supplying another five at various stages of development in Australia. Of the four under construction projects currently being supplied by Senvion, the most advanced is Pacific Hydro’s Crownlands wind farm, which is currently in the midst of the commissioning process. Two other projects, Murra Warra Stage 1 and Lincoln Gap Stage 1, have not yet reached the commissioning phase, but both appear close to energization. Both can be observed in AEMO’s generation data, but are without generation as of the end of March 2019. The least advanced project supplied by Senvion is Nexif’s Lincoln Gap Stage 2, which only began construction in the first quarter of 2019.
TTC is still leading the race to PV plant commission in Vietnam
Between March and April, Thanh Thanh Cong Group (TTC) has commissioned four more solar plants in Vietnam: TTC Tay Ninh no. 1, TTC Tay Ninh no. 2, Ham Phu 2 and Duc Hue 1. The EPC contractors of these projects – Sharp Electronics Corporation USA and JGC Vietnam Co., Ltd. – have been quite effective in commissioning their projects ahead of schedule.
However, TTC’s reign might not last long as a number of mega-scale solar plants are expected to be commissioned in early May, among them the plants from BIM Group.
Petronas acquires Amplus Solar
Malaysian oil & gas giant Petronas has acquired Amplus Solar to expand its renewables portfolio. Amplus Solar has the majority of its solar pipeline coming from India. Started in the rooftop sector, Amplus Solar has grown quickly and enters the utility market in India through open access projects. Amplus Solar’s largest ground-mounted open access project currently operating is the 135 MWac VEERA project in Karnataka.
Amplus also has further open access plans in other states in India that total another 850 MW. Petronas currently has no developing or producing oil & gas assets in India.
Wind Prospect: Victoria’s top wind developer
With the addition of the 700 MW Hexham wind farm to fortify its Australian portfolio, Wind Prospect has moved ahead of Naturgy, Goldwind, WestWind and Acciona to become Victoria’s top onshore wind developer by equity.