EMPower takes a diversified approach to market selection, developing assets in under-served and in-transition developed markets such as Iceland and Ireland and in un-developed markets such as East and West Africa.
The European wind energy industry has proved in the last decade its capability to grow at a very fast rate, maintaining an annual market of +10 GW since 2009, with an annual average market of 11.3 GW per year. Total installed capacity in Europe is expected to reach 200GW by 2020 and future installations are expected to average 12GW per annum for the next 5 years.
Ghana has long been one of the consistent growth markets in Sub-Saharan Africa. Like many other nations in the region, Ghana faces the challenge of meeting rising demand for power. The international donor community is now working to reform the sector, through privatisation of the energy distribution function. In addition to this, the Power Africa initiative aims to increase private sector funding to construct and operate new power generation facilities.
EMPower is currently developing 79MW of wind energy and 20 MW solar PV in the Shai-Osudoku region of southern Ghana. Both projects are consented and due to enter construction in Q4 2019.
For up-to-date details and photos of Osudoku and of our African projects generally, see: https://twitter.com/emp_africa
Tanzania suffers from chronic energy shortages, due to the impact of recurring drought on the country’s existing hydroelectric power generation. Consequently, the country is heavily dependent on imported power from neighbouring nations like Uganda and Zambia just to meet base load demand for electricity.
The Tanzanian Government is now seeking to accelerate access to electricity across the nation, with a particular view to improving rural access to electricity.
This is being accomplished in part by incentivising renewable energy development. Tanzania’s Government is currently in the process of developing a framework to accomplish this through renewable energy feed in tariffs, offering guaranteed pricing for solar and wind generated power.
EMPower is currently developing the 100.8MW Dodoma wind farm located in Nala ward in the central highlands. The site is consented and currently in PPA negotiations.
Natural hydro- and geothermal resources have made Iceland the world’s largest green energy producer per capita. Currently, hydro and geothermal resources supply almost 100% of Iceland’s electricity and approximately 85% of Iceland’s total consumption of primary energy. Iceland’s current power generation totals about 19 TWh annually (which is about 35% of the estimated potential geothermal- and hydropower sources). This makes Iceland the world’s largest electricity generator per capita with approximately 55,000 kWh per person. In comparison, the EU average is close to 6,000 kWh. 77% of this energy is consumed by heavy industry.
Despite the abundance of hydro and geothermal resources, Iceland has recently began adding wind energy to the fuel mix. Wind speeds in Iceland are amongst the highest recorded globally, and as such can produce the lowest cost of wind energy in the world. On many site locations, wind energy is now cheaper that hydro and geothermal. Wind energy is also being considered on environmental grounds, given the irreversible nature of large scale hydro dams.
EM Orka is currently developing the 130MW Garpsdalur wind farm in north west Iceland. The project is currently undergoing environmental impact assessment and is scheduled for construction in 2021.
Ireland has among the best wind resources in Europe and, after a number of years of stagnation due to regulatory issues, the market is poised to expand once again as the country makes a last push toward its Europe 2020 goals. Ireland currently has a total installed wind capacity of 4,625MW or 346 wind farms.
In July, 2018, the new Irish Renewable Electricity Support Scheme (RESS) received government approval. RESS aims to drive Ireland’s contribution to the EU 2020 and 2030 goals, by creating competitive auctions between renewable generators. As such an emphasis is placed on urgency of project delivery.
RESS has been designed in order to achieve Ireland’s energy goals in a cost effective manner, with the intention to promote community participation. Each project will require mandatory investment opportunities for local communities, whereby those living within a specified distance will have the chance to invest in the project. Additionally, a mandatory community fund will be established for each project, receiving a proportion of revenue generated from the wind farm.
EMPower is currently developing 200MW of projects in the south west and Irish midlands.
The Ukrainian power sector has traditionally been dominated by nuclear, gas and coal fuelled electricity generation. With the current nuclear plant ageing and the supplies of gas and coal predominantly coming from Eastern Ukraine and Russia, a significant effort is currently underway to add significant volumes of indigenous wind and solar generation to Ukraine’s fuel mix. Ukraine currently has 1.5GW of installed renewable energy and has an established feed in tariff regime for wind and solar projects out to 2020. Post 2020 projects will be required to compete in competitive auctions due to commence in 2021.
EMPower is currently developing 240MW of greenfield wind in the Carpathian, Transcarpathian and Lower Carpathian regions.