Tuesday, July 25, 2017

Blackrock, Lightsource Target UK Solar Power Portfolio

Asset manager Blackrock and solar energy firm Lightsource have agreed to jointly create a 1 billion pound ($1.3 billion) portfolio of solar power assets in Britain over the next three years, the two companies said on Tuesday. The partnership, called Kingfisher, will initially include 25 of Lightsource's British solar assets with a combined capacity of 156 megawatts (MW), which have already secured government subsidies for their power production.

Wind, Solar Do Not Harm Power Grid Reliability -Draft US Study

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The growth of renewable power, including wind and solar, has not harmed the reliability of the U.S. electricity grid, according to a draft U.S. Department of Energy study, echoing the findings of grid operators across the country. The conclusion of the draft, dated July and viewed by Reuters, could ease fears in the renewable energy industry that the widely anticipated study would be used by President Donald Trump's administration to form policies supporting coal plants at the expense of wind and solar.

Saudi Aramco to Set up Companies for Energy Industrial City

Saudi Aramco received the approval of the Saudi government to set up two new companies that will develop and operate a new Energy Industrial City in Saudi Arabia, as the kingdom seeks to expand its industrial base, state news agency SPA reported on Monday. The city will be developed over 50-square km of land in the oil producing region, SPA said quoting a cabinet statement. An earlier report said the city will be close to Abqaiq and will develop energy-related industries.

Vattenfall to Save $356 Mln a Year after Sweden Tax Phase Out

Swedish state-owned power utility Vattenfall will save about 3 billion Swedish crowns ($356 million) a year after the country's nuclear tax has been phased out and will use the savings to extend the life of its reactors, its CEO told Reuters. On July 1, in a long expected move, Sweden started a two-year phasing out of its tax on nuclear power production, which many nuclear energy producers, including Vattenfall , said had created losses and halted investments. "The tax reduction will be 3 billion crowns per year ...

French Wind Power Sector to Consolidate Further -EDF

France's wind power generation sector will consolidate further, the head EDF's renewables unit Antoine Cahuzac said on Wednesday as the company moves to complete the takeover of wind energy developer Futuren . The renewables subsidiary of the French state-controlled utility has acquired 67.2 percent of Futuren, and will on Thursday launch a public offer for the remaining shares in a deal worth 320 million euros ($363 million). "The consolidation will not end here," Cahuzac, Chief Executive of EDF Energies Nouvelles, told reporters.

Indian Renewable Firms Plan $2.5 Bln in Offshore Dollar Bond Issues

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Four Indian renewable power producers are planning to raise up to $2.5 billion via dollar bonds offshore because of caution among domestic lenders, banking sources said. In addition to the four solar and wind power firms, a fifth company that invests in renewable projects, Adani Group, has raised $250 million via a loan but has yet to publicly announce the borrowing, the sources told Reuters. A source working with one of the bond issues…

Europe to be Natural Gas Kingmaker

File Image: CREDIT MISC

It's probably not quite here yet, but the trend is unmistakeable; the world is moving to a globally-linked natural gas market and the rise of liquefied natural gas (LNG) is the key driver. Much of the increase in LNG capacity is because of the rapid boost to plants in Australia and the United States, as both countries take advantage of abundant local reserves of natural gas to muscle in on a market that until recently had been dominated by a few established producers and buyers.

'Bring On More Renewables,' US Regulator Says

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Wind and solar power does not make the U.S. electricity grid less stable, an outgoing federal regulator said on Tuesday, as the Trump administration readies a study that will examine whether renewable energy has had a harmful effect. Colette Honorable, a member of the Federal Energy Regulatory Commission, said at a conference that renewables have different attributes than base load power, which includes coal and nuclear energy, and that those difference need to be overcome.

China Cash Boosts African FLNG Projects

File Image: A typical FLNG vessel (Credit: Trelleborg)

China aims to become lowest-cost seller of FLNG plants; its shipyards to build floating plants for African projects. China plans to pour almost $7 billion into floating liquefied natural gas (FLNG) projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020s. Western banks are wary due to the depressed state of the shipping and gas markets, as well as the technical difficulties of pumping gas extracted from below the ocean floor…

Coal Isn't Dead (Yet): Russell

File Image (CREDIT: AdobeStock / (c) Carolyn Franks)

Here's a question for the anti-coal lobby. If coal is dying, how come there is an increasingly heated bidding war going on for Rio Tinto's coal mines in Australia? Here's another question, this time for the pro-coal lobby. If coal still has a viable long-term future as an energy source, how come the world's biggest planned new mine is now hostage to whether the Australian government decides to loan it money? Reconciling these two questions…

Rapid Nuclear Decommissioning Threatens Climate Targets, says IEA

Decommissioning nuclear plants in Europe and North America from 2020 threatens global plans to cut carbon emissions unless governments build new nuclear plants or expand the use of renewables, a top International Energy Agency official said. Nuclear is now the largest low-carbon power source in Europe and the United States, about three times bigger than wind and solar combined, according to IEA data. But most reactors were built in the 1970s and early 80s, and will reach the end of their life around 2020.

Wind, Solar Energy No Threat to Grid: Industry Study

File Image (CREDIT: AdobeStock / (c) JJAVA)

With the Trump administration expected to publish an analysis that could undermine the U.S. wind and solar industries, two renewable energy lobbying groups on Tuesday released their own study saying new energy sources pose no threat to the country's power grid. Wind and solar advocates have said the government study's outcome appeared to be pre-determined to favor fossil fuel industries. The new report, commissioned by the American Wind Energy Association and Advanced Energy Economy…

IEA Welcomes Hungary's Efforts in Energy Sector

Hungary took a major step in the right direction with its National Energy Strategy to 2030, which was published in 2011. The country must now make greater use of market-based mechanisms in the energy sector to meet its goals, according to the International Energy Agency's latest assessment of Hungary's energy policies. The main objective of Hungary's energy strategy is to ensure a sustainable and secure energy sector while supporting the competitiveness of the economy.

F2i buys Seven Wind Farms in Green Drive

File Image (CREDIT: AdobeStock / (c) JJAVA)

F2i, the largest infrastructure fund operating in Italy, said on Tuesday it will strengthen its position in green energy by buying seven wind farms in the south of the country. The fund, which is around 14 percent owned by state lender Cassa Depositi e Prestiti, said it had bought the wind plants on the island of Sicily and in Calabria from Italy's Veronagest. It did not disclose the price for the 282 megawatt wind power portfolio, but in a joint statement with Veronagest it said the deal is expected to be wrapped up by the end of June.

Boosting Renewable Energy Requires Gas Too -ConEd

Shifting more U.S. energy production to renewable sources such as wind and solar power is doable but will require greater use of natural gas and overcoming opposition to building pipelines, a senior executive of a U.S. utility said on Thursday. Consolidated Edison Inc no longer defaults to the traditional utility solution of building more infrastructure to meet growing demand for power, said Craig Ivey, president of the company unit serving New York City and nearby suburbs.

French Installed Wind Capacity Soared in Q1

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France installed 330 megawatt (MW) of renewable wind power capacity in the first quarter of 2017, the biggest increase in any first quarter, taking total French wind power capacity to over 12 gigawatts (GW), the Ecology Ministry said in a report. The increase in capacity was boosted by new projects which were connected to the grid during the quarter, boosting French electricity output from wind turbines to about 6.9 terawatt-hour (TWh) in the quarter, or about 4.8 percent of French demand.

QOS Energy sets up Indian Office

QOS Energy project Engineers Navdej SINGH and Shankar KUMAR. (Photo: QOS Energy)

QOS Energy, a renewable O&M analytics software provider, opened a new office in India to better serve the booming Indian market. “QOS Energy provides turnkey O&M analytics services to unleash the value of data from thousands of renewable energy plants across the world. With its target to ramp up solar power generation to 100 GW by 2022, India is poised to become one of the largest PV market in the world. Our customers’ business needs reflect this trend.

Solarworld Files for Insolvency

Photo: Solarworld

Germany's Solarworld has filed for insolvency proceedings, defeated by Chinese competition which has flooded the market with cheap solar panels. "Due to the ongoing price erosion and the development of the business, the company no longer has a positive going concern prognosis, is therefore over-indebted and thus obliged to file for insolvency proceedings," Solarworld said in a statement on Wednesday. It added that it was assessing if affiliated companies would also have to file for insolvency.

ESCO Acquires Renewable NRG Systems

Jan Blomstrann (now former owner of NRG Systems) and Vic Richey, Chairman, Chief Executive Officer & President of ESCO Technologies (Photo: ESCO)

ESCO Technologies Inc. announced it has acquired NRG Systems, Inc., doing business as Renewable NRG Systems, located in Hinesburg, Vermont. NRG, founded in 1982, is a designer and manufacturer of decision support tools for the renewable energy industry, primarily wind. NRG serves electric utilities, wind turbine manufacturers, renewable energy developers, research institutes, and government agencies in more than 150 countries. The business…

SunPower Corp Posts Bigger Quarterly Loss

U.S. solar company SunPower Corp reported a bigger loss on Tuesday, hurt in part by higher costs.   The company, which is majority owned by France's Total SA , said its net loss attributable to shareholders widened to $134.5 million, or 97 cents per share, in the first quarter ended April 2, from $85.4 million, or 62 cents per share, a year earlier.   Total revenue rose to $399.1 million from $384.9 million. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Shounak Dasgupta)

Vivint Solar Reports Quarterly Profit on Lower Costs

U.S. solar company Vivint Solar Inc reported a quarterly profit on Tuesday compared with a year-ago loss, helped by lower costs. The company, which largely caters to the residential solar market, reported net income attributable to shareholders of $13.3 million, or 11 cents per share, in the first quarter ended March 31, compared with a loss of $31.2 million, or 29 cents per share, a year earlier. The company recorded a one-time impairment charge of $36.6 million in the year-ago quarter.

Statoil Interested in Algerian Offshore, Renewables

Norway's Statoil is interested in investments in Algeria's offshore potential and solar and wind energy projects, Norway's foreign affairs minister said after meeting with his Algerian counterpart, a ministry statement said on Tuesday. Statoil is already operating in Algeria's gas sector, but it is the first time the company has expressed public interest in renewable energy projects and offshore projects in Algeria. Algeria, hit by the crash in global oil prices…

Saudi Arabia Shortlists Companies for Solar, Wind Projects

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Top oil exporter Saudi Arabia has shortlisted companies for its solar and wind power projects, as part of the first round of its renewable energy initiative, the energy ministry said on Monday. France's EDF Energies Nouvelles, Japanese companies Marubeni Corporation and Mitsui & Co. and Saudi Acwa Power are among the firms which have qualified to bid for the 300 megawatt solar PV project in Sakaka, the Al Jouf Province in the north of the kingdom.

LNG Turns to Trading, Risk to Maintain Market Share

File Image: A typical LNG STS transfer underway (CREDIT: Exelerate)

Woodside, Shell see big opportunity in small-scale LNG. Producers of liquefied natural gas (LNG) have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more risks and start trading just like other commodity dealers. That's a big change for a market long dominated by large producers such as Royal Dutch Shell and BP who provide major importers with fixed volumes under multi-decade contracts linked to the price of oil.

New EU Rules Aim to Make Power Cheaper

Utilities in the European Union may have to offer more flexible prices from 2020 to encourage consumers to use more electricity when supplies are abundant and cheap, according to proposed new rules, a top EU official said. Most European utilities sell at fixed prices, regardless of price swings on wholesale markets, which makes sense when most power comes from coal and nuclear plants that are always on. But the surge in intermittent renewable energy…

Danfoss, General Electric Join Forces

Danfoss Silicon Power has  announced it is establishing production in the U.S. and entering into a collaboration with industrial giant General Electric (GE). The collaboration means that Danfoss Silicon Power will become the world’s leading provider of silicon-carbide (SiC) power modules. The SiC power modules will create smaller, faster, and more effective electronic devices — and are expected to revolutionize the technology within solar and wind energy as well as the future generations of electric and hybrid cars.

Partners Spur Renewable Electricity Integration

Photo: DNV GL

Hydrogen addition from renewable sources to natural gas supports the decarbonization of the natural gas system and integration of sustainable energy sources. However, the properties of hydrogen differ significantly from those of natural gas, and its introduction into the gas infrastructure may negatively impact public safety, the integrity of the gas system and the performance of end-use equipment. The HYREADY Joint Industry Project (JIP)…

Green Power Law Impacting U.S. Utilities

File Image (CREDIT: AdobeStock)

In the last four years, North Carolina has become the second largest solar market in the United States, behind only California. It has installed more solar energy than Texas, which has nearly three times the population; more than Arizona, which has twice as many sunny days; and more than New York, which has far more aggressive renewable energy targets. North Carolina’s solar boom is rooted in a federal law enacted four decades ago – one that has only recently had much impact.

Trump Signs Order Sweeping away Obama-era Climate Policies

Donald Trump (Official White House photo)

U.S. President Donald Trump signed an executive order on Tuesday to undo a slew of Obama-era climate change regulations that his administration says is hobbling oil drillers and coal miners, a move environmental groups have vowed to take to court. The decree's main target is former President Barack Obama's Clean Power Plan that required states to slash carbon emissions from power plants - a critical element in helping the United States meet its commitments to a global climate change accord reached by nearly 200 countries in Paris in 2015.

Vattenfall to Invest $1.9 bln in Wind Power in 2017-2018

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Sweden's Vattenfall will invest 17 billion crowns ($1.94 bln) in onshore and offshore wind power during 2017-2018, the state-owned utility said on Tuesday. Spending on wind power will account for 60 percent of an investment programme worth 28 billion crowns, highlighting a strategic shift from fossil fuels to renewable energy. Most of the rest of the funds will go on solar power and distribution. The company aims to commission 2,300 megawatts (MW) or more of new renewable capacity in the five years to 2020.

Asian Spot LNG Prices Slip on Weak Demand

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Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders. The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States. Analysts and traders mainly blamed low demand for driving prices lower. In the Middle East, Abu Dhabi was staying on the sidelines of the market and new solar power capacity in Dubai was eroding gas demand there.

Top LNG Buyers Form Alliance to Push for Flexible Contracts

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The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers. Japan, China and South Korea are the world's biggest LNG importers, accounting for about 55 percent of global purchases, according to data from energy consultancy Wood Mackenzie. The countries' biggest respective buyers are joining together to extract concessions…

Yaskawa Invests In Large-capacity Kinetic Energy Storage Company, Teraloop

Team picture: left to right: Mikko Järvinen (legal advisor), Philippe Pépin (COO), Edward Ridgway Watt (CEO), Petri Saarinen (CDO), Marco Tatti (Board Director) (Photo: Yaskawa)

Yaskawa Electric Corporation has completed a strategic investment in Helsinki-based Teraloop, a startup grid- and utility-scale kinetic energy storage company. This equity investment aims to help Teraloop accelerate the steps needed to bring its patent-pending storage solution to the market within the next two years. The financing will allow the prototype to be finalized for a complete simulation in commercial working conditions. This latest…

SOLV Deploys QOS Energy’s O&M Management Platform

PHOTO CREDIT: Construction Contractor, RES America Construction Inc.

SOLV, an independent solar O&M service provider in America and a division of EPC contractor Swinerton Renewable Energy, has begun deployment of QOS Energy’s Qantum software to monitor and support the operations and maintenance of more than 1 GW of solar PV plants in the United-states. Qantum is an innovative cloud-based analytics platform that allows SOLV to harness the power of the data generated by the multiple PV installations they manage on behalf of leading renewable energy project owners.

Statkraft Eyes Distressed Assets After Offshore Wind Exit This Year

* Says still sees high interest for renewable energy in California and other state of the U.S. and willingness to continue putting up investment schemes, despite lack of clarify from the new U.S.

EFG Hermes Expects to Buy UK Solar Assets by June

EFG Hermes expects a deal for its renewable energy platform Vortex to buy a portfolio of solar power assets in Britain for 470 million pounds ($576.8 million) from Sun Edison's Terraforma (TERP.O) to close in May or June, a senior executive said on Monday. The deal formed part of the bank's plan to grow Vortex's assets to 2 gigawatts in the next few years from 820 megawatts currently, Karim Moussa, chief executive of the investment bank at EFG Hermes, told Reuters. The bank said in January it had agreed to buy the portfolio from Sun Edison.

What does Trump's Presidency Mean for the Power Industry?

President Donald Trump (Official White House photo)

Donald Trump has promised numerous changes, many of which impact the sectors that NES Global Talent operates in. Although he has only been in office for 39 days at the time of writing, he has already made numerous policy adjustments. In a recent NES survey, 63% of oil and gas professionals felt Trump’s government will have a positive effect on the oil and gas industry and 64% from the U.S. felt more confident about their job prospects as result, but we also wanted to get an expert opinion on how Trump's government may effect the power market.

U.S. Military Marches on Green Energy

File Image (CREDIT: 孤飞的鹤 AdobeStock)

President Donald Trump and his top advisors have often scoffed at government support of green energy. But the largest U.S. government agency - the Department of Defense - plans to forge ahead under the new administration with a decade-long effort to convert its fuel-hungry operations to renewable power, senior military officials told Reuters. The reasons have nothing to do with the white-hot debate over climate change. In combat zones, green energy saves lives by…

Singapore Carbon Tax Would Hit Refiners, Help Renewables

Proposed carbon tax would deal blow to refineries; Singapore is main regional oil trading hub. Singapore's proposed plan to tax greenhouse gas emissions would probably hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century. Monday's announcement that a carbon tax on direct emitters is to be introduced from 2019 shows that Singapore, Asia's main oil trading hub, could be moving towards a longer-term future dominated by cleaner technology and resources.

Australia says clean energy fund could underwrite new coal plants

Minister Josh Frydenberg and a helmeted honeyeater. Photo from Offical Australian Government Website

Australia is considering altering legislation to enable funds slated for clean energy developments to be used to bankroll construction of new low emission, coal-fired power plants. The suggestion by Energy Minister Josh Frydenberg comes after a major power outage during a heat wave in South Australia state worsened a row with the national government over energy security and the state's heavy reliance on wind and solar power. Frydenberg said…

EU countries clear 18-month extension of China solar duties

Solar Panel Photo Fotolia AdobeStock

European Union member have cleared an 18-month extension of import tariffs on solar panels from China, a compromise position after initial opposition, sources said on Friday. Anti-dumping and anti-subsidy duties have been in place on Chinese solar panels and cells since 2013 and are currently under review as to whether they should be maintained. The European Commission had initially proposed a two-year extension, but that was rejected by a majority of EU countries in a vote last month, prompting the Commission to revise its proposal.

Saudi Arabia Debating Shape of Aramco Ahead of IPO

Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialised international oil company, industry and banking sources said. The listing of Aramco <IPO-ARMO.SE>, expected to be the world's biggest initial public offer and raise tens of billions of dollars, is a centrepiece of the government's ambitious plan - known as Vision 2030 - to diversify the economy beyond oil.

Senate Set to Approve Trump's EPA Pick

The U.S. Senate is expected to approve President Donald Trump's pick to run the Environmental Protection Agency on Friday over the objections of Democrats and green groups worried he will gut the agency, as the administration readies executive orders to ease regulation on drillers and miners. Trump's nominee, Oklahoma Attorney General Scott Pruitt, is likely to pass the vote scheduled for midday with the support of nearly all the Republicans in the Republican-controlled Senate. The vote could take place earlier in the day.

Former EPA Employees Oppose Trump's Nominee

Despite nearly 800 former Environmental Protection Agency officials urging the U.S. Senate to reject President Donald Trump's nominee to run the agency as the chamber moved closer on Thursday to approving his pick, Scott Pruitt, the attorney general of oil-producing Oklahoma is likely to be confirmed. The 773 former officials signed a letter organized by the nonprofit group Environmental Integrity Project that said Pruitt's record and public statements suggest he does not agree with underlying principles of environmental laws.

California Wind Demand Energizes Transmission Firms

File Image (CREDIT: AdobeStock)

A firm controlled by Philip Anschutz, the billionaire entertainment and pro sports magnate, will soon build the largest wind farm in the United States to serve utilities in California, where officials have set ambitious green power goals. The $5 billion project, however, will be constructed 700 miles away in Wyoming, a state better known for coal mines and oil fields. The vast distance between the two states provides a different Anschutz…

Germany's Solarworld Cuts Jobs, Production as Loss Widens

Solarworld said on Friday it would cut 12 percent of its workforce after reporting a bigger operating loss for last year. The company, hit by price pressures across the solar industry, said it would phase out production of some components at its factories to reduce overlap, which would result in about 400 job cuts by 2019. "These measures will decrease costs and increase efficiency significantly," Chief Executive Officer Frank Asbeck said in a statement.

Coal Shortfall Buoys Miner Bottom Line

File Image (CREDIT: AdobeStock)

Coal prices have surged, topping oil, LNG, copper gains in 2016. Many a swan song has been sung for thermal coal markets as renewable power generation and a push towards using more natural gas have gained traction. Yet a coal price spike last year, driven by a Chinese change in regulation that capped local mining operations, has shown how easily markets can swing from oversupply to shortfall. While many analysts and investors see the long…

Global Study into use of Wind, Solar Power on Ships

EnergySail Test Station Photo Eco Marine Power

In co-operation with several shipping companies and technology partners, Eco Marine Power (EMP)has begun a detailed study focused on the practical applications of its patented EnergySail and Aquarius MRE technologies. The study will cover the engineering aspects of installing an EnergySail or Aquarius MRE based solution on a variety of ships and the expected Fuel Oil Consumption (FOC) and CO2 savings that can be achieved in an operational environment. Energy storage options will also be studied including the possible use of fuel cells.

Siemens, Voest and Verbund to Build Largest Green Hydrogen Site

Siemens, steel maker Voestalpine and hydropower firm Verbund are planning to build a cutting-edge plant to make green hydrogen more suitable for industrial use, the companies said on Tuesday. Utilities and industrial firms are under increasing pressure to reduce carbon dioxide (CO2) emissions and they hope to use excess power generated by renewable sources such as wind or solar to create hydrogen from water with electrolysis. The hydrogen can then be stored for reconversion into power or for direct industrial use.

EU Proposes Shorter Extension of China Solar Duties

The European Commission has softened its proposal to extend anti-dumping duties on imports of Chinese solar panels after opposition from a majority of EU countries, according to a document seen by Reuters. The Commission, which oversees EU trade policy, recommends limiting the extension of measures to 18 months, from an original 24, and making clear that this period represents a final phasing out of duties that have been in place since 2013. The proposal will be put to a meeting of the EU's 28 commissioners on Wednesday, a source said.

China's solar power capacity doubles

Photo Violeta Chalakova; AdobeStock

China's installed photovoltaic (PV) capacity more than doubled last year, turning the country into the world's biggest producer of solar energy by capacity, the National Energy Administration (NEA) said on Saturday. Installed PV capacity rose to 77.42 gigawatts at the end of 2016, with the addition of 34.54 gigawatts over the course of the year, data from the energy agency showed. Shandong, Xinjiang, Henan were among the provinces that saw the most capacity increase…

Allianz, MFUG Invest in EDF-owned Wind Deal

File image: CREDIT AdobeStock

Allianz and Japanese bank Mitsubishi UFJ Financial Group (MUFG) have invested in a U.S.-based wind park owned by French utility EDF , Allianz said, as the German insurer expands its renewables portfolio. Allianz, which gave no further financial details, said the 225 megawatt (MW) Great Western wind project is about 200 km (125 miles) north-west of Oklahoma City and can power about 70,000 households. Renewable assets in the United States have attracted billions of euros from foreign investors in recent years…

Three Mega NSW’s solar Project Take shape

Fast Facts

Three big solar projects in NSW supported by the Australian Renewable Energy Agency (ARENA) are set to begin construction within weeks after getting the financial green light. The plants in Parkes, Griffith and Dubbo will consist of more than 400,000 panels and when completed will provide enough renewable energy to power 41,500 homes per year. Developed by renewable energy company Neoen, the plants make up a quarter of the projects funded under ARENA’s ground breaking Large-Scale Solar Competitive Round…

Global Oil Demand to Grow into 2040s

Global oil demand will keep growing into the 2040s due to higher consumption of plastic goods even as the electric vehicle fleet expands rapidly and technology revolutionises transport, BP said in its annual Energy Outlook on Wednesday. The forecast of sustained demand growth for the fossil fuel comes as other oil companies such as Royal Dutch Shell brace for demand to plateau by the early 2030s while countries gradually shift to less-polluting energy.

Opinion (John Kemp): Trump Can't Require Pipelines to use U.S. Steel

File Image (CREDIT: AdobeStock)

President Donald Trump on Tuesday invited the promoter of the Keystone XL pipeline to re-submit its application for a permit and promised an expeditious review. But Trump's memorandum on Keystone was twinned with another ordering the secretary of commerce to develop a plan to ensure all pipelines built, repaired or upgraded in the United States use domestically made steel. The secretary was ordered to submit a plan within 180 days "under which all new pipelines…

SCI’s Maritime Institute switches to Renewable Energy

Inauguration Photo SCI MTI

On Monday, 23rd January 2017, Mr Rajive Kumar, IAS, Secretary, Ministry of Shipping inaugurated 353.5 KWP Grid connected Roof Top Solar Power Plant at Maritime Training Institute, Powai of The Shipping Corporation of India Limited in total Roof Top area of 5,650 Sq. Mtr. in the presence of Capt. Anoop Kumar Sharma, CMD SCI, Capt. B.B. Sinha, Director (P&A) SCI, Mrs. H.K. Joshi, Director (Finance) SCI, Capt. Philip Mathews, Principal MTI and others.

Innogy Forges Ahead with U.S. Wind Plan

File Image: a land based wind farm (Credit: AdobeStock)

Innogy, Germany's largest energy group, sees no reason to scrap plans to enter the U.S. onshore wind market, its chief executive said, unimpressed by worries over future support of renewables in the wake of Donald Trump's presidency. "We are not in waiting mode in the United States. We are relatively advanced," Peter Terium told journalists at the annual Handelsblatt energy conference. "We do it because wind is a competitive technology in the United States…

Rotterdam port mull power-to-gas-plant development

Photo Port of Rotterdam Authority

Six Rotterdam-based parties will investigate how sustainably generated electricity, converted into hydrogen, can be used in the production of fuels. TNO, Stedin, Smartport, Uniper, BP Refinery Rotterdam and Port of Rotterdam Authority will investigate the technical and economic feasibility of a power-to-gas plant in the Rotterdam port area, as well as the necessary amendments to regulations. The parties above signed a cooperation agreement to this end on 18 January 2017.

RNRG’s SRA Systems Improve Power Prediction Accuracy

Kumenan PV Project, Japan. Image courtesy of Pacifico Energy.

When developing a utility-scale solar PV project, accurately projecting the site’s power output is crucial. For its 33 MW Kumenan PV project in Japan, Pacifico Energy experimented with publicly available data before seeking a more precise measurement solution. After implementing SRA Systems from Renewable NRG Systems (RNRG)—a leading designer and manufacturer of decision support tools for the global renewable energy industry—Pacifico Energy increased the accuracy of power output projections at the Kumenan PV project by up to 14%.

Trump's Energy Pick to Face Senate Questions

Rick Perry, President-elect Donald Trump's pick to run the Energy Department, will face questioning by senators on Thursday on creating jobs in the industry and bolstering U.S. energy security - but also about an earlier proposal to abolish the agency. Trump, who takes office at noon on Friday, has championed increased production of oil, gas and coal. In addition to market forces, coal has suffered under President Barack Obama's executive actions to curb climate change.