Saturday, August 15, 2020

Electricity Market News

Vattenfall, TuuliWatti to Balance Finnish Wind

Image: Vattenfall

European energy company Vattenfall has signed a five-year energy services agreement with the largest Finnish wind power producer TuuliWatti that includes the latter’s total wind power production in Finland.The agreement, which started on 1 January…

COBRA Cable Readies for Action

IGBT converter tower  inside the COBRAcable converter station in Eemshaven (photo: Siemens)

The 700MW COBRAcable interconnector linking the Dutch and the Danish grid will be available for the electricity market as of delivery day, 7 September, Dutch high-voltage grid operator TenneT said."After three years of construction,…

China to Overtake Japan in LNG Imports

Pic: Wood Mackenzie

Japan could lose its position as the world’s top LNG importer to China as early as 2022, said a new report by consultancy group Wood Mackenzie.By then, LNG imports in Japan are expected to decline 12 per cent to 72.8 million tonnes per annum (mmtpa) compared to 2018…

Croatia's HEP to Invest $1.85 bln in Renewable Energy by 2030

© Petkov / Adobe Stock

Croatia's state-run power utility HEP aims to boost renewable energy to 50 percent of its total capacity from the current 35 percent, investing 1 billion Croatian kuna ($153.96 million) a year on average until 2030, it said on Thursday.It will upgrade existing hydro power plants…

UK Regulator Probes SSE, Npower Merger

British regulators have launched an in-depth investigation into the tie-up between the retail power unit of SSE Plc and Npower, owned by Germany's Innogy, saying it may reduce competition and increase prices for some households.The merger…

Statoil Enters Offshore Poland Wind Markets

Irene Rummelhoff, executive vice president of New Energy Solutions in Statoil. (Photo Ole Jørgen Bratland Statoil)

Statoil has signed an agreement with Polenergia to acquire a 50 % interest in the two early phase offshore wind development projects in Poland, Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII). The two projects have a planned…

RWE Seeks Bigger Market Share in Croatia

© Kagenmi / Adobe Stock

German energy group RWE aims to lift its market share in Croatia to 10 percent, the head of the company's Croatia business said on Friday, adding that the country's energy authorities need to do more to encourage sector investment. State…

QOS Energy Management System Delivered to SunHydrO

Photo courtesy of QOS Energy

QOS Energy completed the delivery of an innovative Energy Management System to SunHydrO, a combined renewable energy and storage R&D project led by French aggregator Sun’R Smart Energy. The SunHydrO project aims to foster the grid integration…

Australia in Talks With Gas Majors to Avert Local Shortage

File Image: CREDIT AdobeStock Fotmart

Australian PM in crisis talks with gas majors; Australia faces gas shortage despite exports soaring. Australia's top gas producers, led by ExxonMobil Corp and Royal Dutch Shell, agreed to boost supply to the country's domestic market…

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…

French Energy Transition Key to Security - IEA

France- Energy System Overview Courtesy IEA

In its latest country review of energy policies, the International Energy Agency (IEA) praised France for setting in motion significant reforms towards more secure, affordable and sustainable energy supplies and the green growth of its economy.

US Coal-fired Power Plants Easy Prey for Gas: Kemp

President Barack Obama's administration has been blamed for the closure of a record number of coal-fired power plants across and heavy job losses in the mining industry. Since the current administration began in January 2009, more than…

Clean Energy Faces Vote in Four State Ballot Initiatives

Photo: Florida Division of Elections

In addition to picking the next U.S. president on Tuesday, voters in four states will decide on ballot initiatives related to energy and the environment. The results of the initiatives could offer a gauge of Americans' feelings about managing carbon dioxide emissions…

Australian first project to Harness Sun, Wind, Batteries

Image ARENA

A world-leading project combining solar, wind and battery storage will be built near Hughenden in North Queensland, delivering renewable energy on demand. The Australian Renewable Energy Agency (ARENA) has committed up to $18 million…

COAG Energy Review Must Power Timely, Practical Reform

Electricity-wires Photo APPEA

APPEA welcomes the announcement today by the COAG Energy Council of an independent review of energy security in the national electricity market, led by the Chief Scientist Dr Alan Finkel AO. “Let’s hope Dr Finkel’s review will drag debate…

Four British Power Firms Call for Carbon Tax Extension

Four British power generators have called on the government to maintain the country's carbon tax until at least 2025, according to a letter seen by Reuters, putting them at odds with industrial groups who want it scrapped. The carbon…

PPC and CMEC to Build Coal-fired Plant

China Machinery Engineering Corporation (CMEC) signed a memorandum of understanding on Wednesday with Greece's leading utility Public Power Corp. (PPC) to build a coal-fired plant in northern Greece. Under its "one belt, one road" strategy…

Blow to $1 bln Trafford Gas Plant as Britain Withdraws Subsidy

Britain's government has withdrawn a subsidy for an 800 million pound ($1.04 billion) gas plant project in Manchester, its developers said on Tuesday, following its failure to secure investment needed to build the plant. Carlton Power's…

Britain Faces New Risks in Europe Interconnector Plans

British plans for more power links with Europe to avert a looming electricity shortfall could be hindered if the country no longer has a say in European Union regulation of networks and power trading. Britain faces an energy supply crunch…

U.S. Top Court Rules Against Maryland Over Power Plant Subsidies

The U.S. Supreme Court on Tuesday ruled against Maryland in its bid to revive a program to subsidize natural gas-fired electricity plant construction to serve the power needs of its residents in a case weighing state versus federal authority.