OMNI Features|Denmark Unveils Plan for Up to 3.8 GW Bornholm Energy Island.Vietnam's Electric Motorcycle Market Ranks Largest in ASEAN. Scotland Ardersier Port secures £100m budget for offshore wind infrastructure
OMNI Features|Denmark Unveils Plan for Up to 3.8 GW Bornholm Energy Island.Vietnam's Electric Motorcycle Market Ranks Largest in ASEAN. Scotland Ardersier Port secures £100m budget for offshore wind infrastructure
(Source: bcbay.com)
|Denmark Unveils Plan for Up to 3.8 GW Bornholm Energy Island
The Danish Energy Agency (DEA) has revealed its Plan for Program Bornholm Energy Island, outlining the framework for the future energy island at Bornholm and the adjacent coastal areas. The project is planned to consist of an offshore wind farm south of Bornholm with a 3.8 GW capacity as well as high-voltage installations on Bornholm and Zealand.
The plan sets the overall framework for future construction projects for Bornholm Energy Island, taking into consideration the environmental issues and planning restrictions in the area, such as bird protection areas, defense areas, and ship traffic routes, DEA said. The DEA is currently preparing the upcoming tender for offshore wind for Bornholm Energy Island.
In the summer of 2022, the Danish government and the country's political parties signed an agreement on expanding the planned offshore wind capacity to 3 GW. At the same time, Denmark and Germany entered into an agreement to jointly build a subsea connection that will run from the energy island to Germany. Under this political agreement, the so-called "overplanting" option was agreed upon, which could bring more offshore wind capacity than planned, Bornholm Energy Island included, where 3.8 GW could be connected with overplanting allowed.
|Vietnam's Electric Motorcycle Market Ranks Largest in ASEAN, Second Globally After China
HSBC Vietnam recently released a report titled "Vietnam at a Glance," predicting the development of Vietnam's electric vehicle (EV) industry against the backdrop of green transformation in the energy sector. According to HSBC, the development of electric vehicles contributes to achieving carbon neutrality goals and provides resources for Vietnam's long-term sustainable economic development. Domestic electric vehicle manufacturers have achieved certain success in the development of electric motorcycles.
Vietnam's electric motorcycle market is currently the largest in ASEAN and the world's second-largest after China. According to HSBC's forecast, electric motorcycles will lead Vietnam's electric vehicle development. Compared to electric cars, electric motorcycles are more affordable, with higher component similarity and domestic production rates.
HSBC estimates that the total annual sales of motorcycles and electric vehicles in Vietnam may increase from less than 1 million vehicles in 2024 to over 2.5 million vehicles by 2036. This estimate demonstrates the industry's market potential in Vietnam.
Vietnam's national policies actively support the adoption of electric vehicles by exempting registration fees for Battery Electric Vehicles (BEVs), reducing import taxes on BEVs, and exempting corporate income tax for BEV investment projects.
HSBC also predicts that by the end of the 2030s, as the domestic motorcycle market saturates, sales of electric motorcycles in Vietnam will stabilize. Considering that over 60% of the population in the country owned motorcycles in 2020, while only 5.7% owned cars, Vietnam's electric vehicle market still holds significant untapped potential (according to data from the U.S. Department of Commerce International Trade Administration, 22-7-2022).
|Scotland Ardersier Port secures £100m budget for offshore wind infrastructure
Haventus has secured a £100m joint credit facility from the Scottish National Investment Bank and UK Infrastructure Bank to develop Ardersier Port in Scotland.
The banks will provide £50m investment each and follows a £300m capital commitment announced in 2023 by energy investment firm Quantum Capital Group.
Based in Scotland's Moray Firth, Ardersier Port offers a 450-acre site; it is ideally located to support offshore wind developers and manufacturers of components and equipment for the sector as the circa 35GW of ScotWind and INTOG project pipeline is built out. The facility will underpin the creation of a nationally significant infrastructure hub to support industrial-scale deployment of fixed and floating offshore wind, said the port’s owner, Haventus. The company has taken a Final Investment Decision (FID) and construction has now begun on the site.
Source: offshoreWIND.biz|24h.com.vn|reNEWS.BIZ
