Saturday, September 26, 2020
Home Climate LUKOIL is further developing its renewable energy sector

LUKOIL is further developing its renewable energy sector

Russian multinational energy corporation LUKOIL has started to perform wind monitoring near the current Tsimlyansk hydropower plant (HPP) in the Rostov region, in what is considered to be the first stage of developing a feasibility study for constructing a wind power plant.

The site for the plant has been chosen considering a positive wind potential assessment, as well as effective equipment delivery logistics and opportunity to use the Tsimlyansk HPP existing power infrastructure for power distribution.

“The project implementation will contribute to carrying out compensational measures designated to reduce greenhouse gas emissions,” said Denis Dolgov, Vice President for Power Generation and member of the Management Board of LUKOIL. “To achieve this goal, we intend to further develop the renewable energy sector. LUKOIL is now successfully managing a fleet of four hydropower plants, solar and wind power generation facilities in Russia and abroad. We also have a portfolio of promising initiatives that can be implemented in various regions of the Company’s presence under favourable conditions.”

Wind monitoring is used to determine exact wind power potential and to identify generating equipment parameters and optimal location. Data collection and analysis will be carried out within a year on various altitudes involving a wind measuring unit with installed anemometers and other weather monitoring instruments. This unit is assembled using modern technologies that guarantee its full autonomy and environmental safety. Also, Wind monitoring will be carried out as part of the renewable energy development program within the Company’s Climate Adaptation Strategy.  

Most Popular

PGNiG Upstream Norway acquires two new fields in the North Sea

PGNiG Upstream Norway signed an agreement with Norske Shell to acquire interests in Kvitebjørn and Valemon, two producing fields in the North Sea. The gas produced will be sent to Poland after the Baltic Pipe link is launched.

Antje Kanngiesser appointed new CEO of the Alpiq Group

Antje Kanngiesser has been appointed as the new CEO of the Alpiq Group, the leading Swiss electricity producer.

Taking account of social and environmental impacts ahead of the World Tourism Day

Tourism has been among the hardest hit of all sectors by the COVID-19. On this World Tourism Day, the pandemic represents an opportunity to rethink the future of the tourism sector, including how it contributes to the sustainable development goals.

Regulatory challenges ahead of the hydrogen vision

Despite the tremendous interest in hydrogen technology, the development of the European hydrogen market still has to overcome many regulatory and legislative challenges.