UK consumers face higher energy bills after regulator approves $37 billion grid upgrade
The British Energy Regulator has approved an investment of 28 billion pounds ($37.33 billion), over the next five-years, to ensure that the energy system is reliable and safe in the future. This is part of a plan to upgrade the energy system which will increase consumer bills by 108 pounds per year.
A2A, Italy's data center investment company, has increased its investment plan by $27 billion.
A2A, an Italian multi-utility company, announced on Wednesday that it has increased its projected total investments for 2024-2035 from 23 billion euros to 27 billion dollars. 1.6 billion euro of this amount is earmarked to create and manage data centres. The updated business plan, which will be presented later to analysts…
Cinco Dias reports that Iberdrola is looking to sell 49 percent of the East Anglia Two offshore wind farm.
Cinco Dias, a newspaper in Spain, reported that Iberdrola, the Spanish utility, is looking to sell 49 percent of its East Anglia Two offshore wind farm, estimated at 5 billion euros. Reports said that the company hired Bank of America and BBVA to act as financial advisors in connection with the possible sale.
Endesa reports 30% increase in profits but warns that Spain's grid plans lack incentives
Spanish power utility Endesa announced on Tuesday that its net profit for the first half of this year rose by 30% to 1,04 billion euros ($1.20billion). However, it warned that a proposed framework to reward power grid investment in Spain does not offer sufficient incentives. Enel, the majority owner of the company…
Data shows that the battery capacity of Germany's power grid will increase by almost a third between 2024 and 2028.
Official data released on Thursday showed that the capacity of Germany's grid batteries used to stabilize electricity networks had increased by almost a third this year. This is a result of efforts to accommodate more renewable energy. Berlin's government is aiming for wind and solar energy to make up 80% of all electricity by 2030.
SSEN Replaces Subsea Cables
UK-based Scottish and Southern Electricity Networks (SSEN) continues to make good progress with its project to replace of one of the two subsea electricity distribution cables that connect Orkney, archipelago off the northeastern coast, to mainland Scotland, with the completion of a…
Global Energy Investment Totals $1.8trln in 2018
Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017, said the International Energy Agency (IEA).The investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment…
Poland and Lithuania Agree to Build Undersea Power Cable
Polish and Lithuanian power grid operators said on Friday they had agreed to build a high voltage direct current (HVDC) underwater cable by 2025 as part of a plan to connect the electricity grids of the Baltic states with those of the European Union.Poland's PSE and Lithuania's Litgrid said they signed an initial cooperation agreement regarding what the
Denmark-Netherlands Subsea Power Cable Reaches Dutch Coast
A subsea power line set to link the networks of Denmark and the Netherlands reached the Dutch coast on Friday as part of plans to share excess electricity from wind farms and other sources.The 325 km (202 mile) long COBRAcable, short for Copenhagen, Brussels and Amsterdam, has a capacity of around 700 megawatts (MW) and is expected to become fully opera
Rolls-Royce Invests in Qinous
Rolls-Royce is investing in Berlin-based start-up company Qinous GmbH, a global provider of energy storage and control systems, and adding turnkey microgrids to the portfolio.“As a strategic investor, the aim is to set up a partnership with Qinous for the development of innovative energy…
Germany Linked Up 818 MW of Offshore Wind in 2016
Germany connected 818 megawatts (MW) of newly built offshore wind capacity to power networks last year, wind energy industry group BWE said on Thursday, less than in 2015 but still leaving the industry on course to beat government targets for 2020. BWE said Europe's largest economy had…
Advanced database for Grid Integration of Renewables
Australia’s most advanced database of Australian and international renewable energy grid integration projects has been released to support innovation in Australia’s energy system. The Renewables Integration Stocktake is an online, exportable database that currently catalogues 233 projects…
Europe's Power Market Reform a Boon for Struggling Utilities
European utilities welcomed long-awaited power market reform proposals on Wednesday, hoping a framework to subsidise fossil fuel plants and plans to wind down a key support for renewable energy could turn the page on years of crisis. The European Commission's 1,000-page draft reform "Winter…
ARENA Making Electricity Grids Smarter
More than 150 households in NSW and Victoria will take part in an innovative new trial to test how smart inverters can work alongside rooftop solar and home energy storage to cut costs and improve the stability and reliability of Australia’s electricity supply. ARENA CEO Ivor Frischknecht…
IEA: Global Energy Investment Down 8% in 2015
While the plummet in energy spending should come as little surprise to anyone knowing anything about global maritime and energy markets, the International Energy Agency helped to put the precipitous drop in perspective, reporting that the global energy spend was down 8% in 2015. In a…
Canadian Solar to Build 5 MW Plant in Australia
The Australian Renewable Energy Agency (ARENA) today announced $8.4 million funding support for Canadian Solar and Scouller Energy to construct a 5 MW DC (4.5 MW AC) solar farm near Normanton in far North-West Queensland. ARENA CEO Ivor Frischknecht said Normanton Solar Farm would help…
North American Power Grids Becoming More Reliable
North America's power grids set new records for reliability in 2014 despite being tested by extreme cold during the polar vortex and rising concerns about physical and cyber attacks on the network. Over the last year, newspapers have been full of stories about the threat posed by physical and cyber-attacks on transformers and power lines…
Smart Grids: EU's Shale Gas?
Smart grids can reduce infrastructure needs by 30 pct. Smart appliances will turn on and off as prices move. BRUSSELS, April 1 (Reuters) - Smart grids balancing intermittent solar and wind energy with flexible power demand could do for Europe what shale gas has done for the United States, a senior European Union official said on Wednesday.
Extra Solar PV for Grid - NT Study
The Australian Renewable Energy Agency (ARENA) today released a study that shows how up to 10MW of extra solar photovoltaic (PV) could be installed in the Alice Springs grid without adversely affecting supply stability. ARENA CEO Ivor Frischknecht said this additional PV would make a sizeable difference to the Alice Springs grid…
Africa Turns to Solar to Meet Energy Needs
Most sub-Saharan nations have negligible solar power; Rwanda has a 8.5MW park connected to grid. Cut in half by the equator, sunshine is one thing that Africa has in abundance. Now a growing number of African enterprises are tapping this under-utilised source to keep their businesses running.