Adani's solar deal is in trouble due to Andhra Pradesh’s request for transmission fee waiver
Three sources familiar with the matter have confirmed that the main buyer of Adani Green Energy's solar power, the state of Andhra Pradesh in the south, has requested guarantees regarding the waiver of transmission charges. Federal law mandates the transmission fee which can increase the cost by up to 40%. Therefore, waiving this would be difficult. Three sources claim that since April, Adani has been sending letters to Andhra Pradesh urging them to start off-taking power in accordance with a 2021 agreement. Adani Green…
Adani Solar deal in trouble over Andhra Pradesh's demand for waiver of transmission fees
Three sources who have direct knowledge of this matter say that the main buyer of solar power from Adani Green Energy, the state of Andhra Pradesh in the south, has requested guarantees regarding the waiver of transmission charges. Federal law mandates the transmission fee which can increase the cost by up to 40%. Therefore, waiving this would be difficult. Three sources claim that since April, Adani has been sending letters to Andhra Pradesh urging them to start off-taking power in accordance with a 2021 agreement.
Prices rise sharply due to less wind and nuclear supply
The wholesale European power prices surged Tuesday, as French nuclear power generation dropped and wind power production in the region is expected to be lower on the day ahead. A market that is under-supplied can be identified by the weaker scenario of electricity supply and the higher demand projections. By 815 GMT on Wednesday, the price of French baseload electricity for delivery was 59 euros ($69.57 per megawatt-hour (MWh), up 165.2% over the previous close. The German baseload day-ahead bid was 72.2 euros/MWh after closing at 17.5 euro/MWh. The French nuclear capacity dropped six percentage points, to 73% total capacity.
NSE is the second exchange to be approved for trading in electricity futures.
India's National Stock Exchange became the second exchange this week to receive regulatory approval for electricity futures contracts. Experts say that this could help struggling utilities improve their financial situation. Last week, the Securities and Exchange Board of India gave a similar approval to the Multi Commodity Exchange of India. A futures contract allows the buyer to purchase power at a set price at a future date. Indian utilities currently rely on power purchase agreements (PPAs), which can last up to 25-years, for their baseload needs.
Where is the money that the EU promised to workers in order to go green
The latest data available from the European Commission shows that the EU member states spent only EUR735 millions ($840 million US), the total amount of the fund, between March 2021 and March 2025. The Just Transition Fund is failing to provide adequate assistance for workers who are out of work, said Ciaran Mulooly. He was investigating the performance of the fund as a reporteur. "It's a total disaster from an employment standpoint." The towns are left with nothing. He said that it's as if they've given up on the next generation.
Maguire: Eastern Europe's secretive surge in solar power generation
In Europe, the discussion of solar energy generation is dominated by Germany and Spain. Solar capacity in the nine largest producers of solar energy in Eastern Europe grew at a pace that was more than twice as fast as the rest of Europe over the last five years. This has allowed Eastern Europe to double its regional solar production share since 2019. Solar farms will provide electricity to at least six Eastern European countries, when solar radiation levels reach their peak this summer. The rapid growth of solar…
Maguire: Eastern Europe's secretive surge in solar power generation
In Europe, the discussion of solar energy generation is dominated by Germany and Spain. Solar capacity in the nine largest producers of solar energy in Eastern Europe has increased at a pace that is more than twice as fast as the rest of Europe over the last five years. This has allowed Eastern Europe to double its regional solar production share since 2019. Solar farms will provide electricity to at least six Eastern European countries, with a combined total of over 20% of the monthly power they use this summer. This is when solar radiation levels in the region reach their highest level.
Document: Mali is pressed to pay an 'enormous debt' for a regional dam
A letter obtained by reveals that Mali owes over $94 million to an entity which manages a dam, which provides electricity to Senegal, Mauritania and other countries. The debt is "a matter of life or death" to its ability to operate, the letter states. The funding gap is a warning sign of further electricity supply problems for Mali. Outages have weakened public support in recent years for the military-led government which took power in coups in 2020-2021. Manantali Dam and Power Plant was installed in 2002 with a capacity of 200 Megawatts. Its production is distributed to Mali, Senegal and Mauritania.
Gas turbines from GE Vernova will be used in a new Missouri power station
GE Vernova announced on Friday that it has received an order for its aeroderivative GE Vernova gas turbines to be used in Springfield City Utilities (CU)'s new power generating plant in Missouri. The McCartney Generating Station, a 100 Megawatt (MW), is expected to begin operations in 2027. GE Vernova has not disclosed the value of the deal or the anticipated delivery date for the turbines. Gas turbines for large-scale power production will be in demand as data centers, which require a lot of energy to run, are used to develop artificial intelligence.
New Zealand rejects Contact Energy's Wind Farm Project
Contact Energy announced on Tuesday that a New Zealand regulatory agency has refused to approve its consent application for the proposed 330 Megawatt 55 Turbine Southland Wind Farm Project. The project's resource consent was denied by an independent expert Consenting Panel, convened in accordance with the COVID-19 Recovery Act 2020 (Fast Track Consenting Act 2020) of the country. The act provides that the Environmental Protection Authority of the country advises the panel and provides administrative support, but does not involve the panel in its decision-making processes.
Qatar will supply gas to Syria through Jordan, with the US's approval, sources claim
Three people with knowledge of the matter have confirmed that Qatar will supply Syria with gas through Jordan in order to improve its meager electricity supply. A U.S. official has said the move was approved by Washington. Qatar would provide the most tangible support to the new government in Damascus. Qatar is one of the strongest supporters of the rebels, who have now taken over the reins of power after the ouster of Bashar al-Assad. Unnamed U.S. officials said that the Trump administration had given a thumbs up to the gas deal, but did not specify how they communicated this. The U.S.
Indonesia's new energy supply plan includes a focus on renewable sources of power.
A deputy minister stated on Tuesday that Indonesia aims to increase its share of renewable energies in the electricity supply plan within the next 10 years. This will be fueled by increased solar, geothermal and hydro power. This new plan is known as RUPTL locally. It would replace Indonesia’s RUPTL 2021-2030, which planned a total new capacity of 40.6 gigawatts, of which 52% was renewable energy. Kartika Wirjoatmodjo said that the government has finalised the discussion with the state utility Perusahaan Listrik Negara about the plan for electricity. 70% of the additional 71 gigawatts planned will be from renewable sources.
Japan aims to reach 40-50% of its power needs from renewable sources by 2040
According to a draft version of the revised basic energy policy of Japan, it wants nuclear power to make up 20% of its mix of electricity by 2040, while renewable energy will account for 50%. This is part of a push to promote clean energy and meet rising demand. Japan's basic energy plans, as the second largest importer of natural gas liquefied in the world and a major buyer of Middle Eastern oil are attracting global attention from producers of oil, gas, and coal. The draft energy policy does specify how coal, oil and gas will be divided up.
Enel reports 6.5% increase in core profit for the 9-mth period on renewable energy growth
Enel, Italy's largest utility, announced on Wednesday that its core profit for the nine months ended September rose by 6.5% on an annual basis, largely due to a strong production of renewable energy, which compensated more than enough for a drop in retail electricity prices in Italy. EBITDA, excluding extraordinary items, came in at 18.72 billion dollars, a figure that was higher than the consensus estimate of 17.3 billion euro compiled by. The ordinary net income for the period was 5,8 billion euros, exceeding an estimate of only 5.7 billion.
McKinsey says that Europe's power consumption for data centres is expected to triple between now and 2030.
A McKinsey study showed that Europe's data center power consumption will almost triple by 2030. This will require an increase in electricity, mostly from low carbon sources, as well as grid infrastructure upgrades. In the last couple of years, data centre investment has increased as digitalisation (AI) and digitalisation have gained momentum. The question is how the countries will be able to meet the anticipated rise in electricity demands that the increasing number of data centres create. The International Energy Agency states that the United States will see the most growth in data centers…
US unveils first of two decisions regarding solar tariffs
The U.S. Trade officials may this week impose new tariffs against solar panels imported from four Southeast Asian countries. American manufacturers claim that these nations provide unfair subsidies, which make U.S. goods uncompetitive. The Commerce Department is expected to announce its first preliminary decision in this year on a trade case filed by Hanwha Qcells in Korea, Arizona's First Solar, and several smaller companies that are seeking to protect their billions in investments made in U.S. manufacturing of solar panels.
EIA: US power consumption expected to hit record levels in 2024 and 25
The U.S. Energy Information Administration's (EIA) Short Term Energy Outlook, published on Tuesday, said that the U.S. electricity consumption will reach new records by 2024 and 2025. The EIA projects that power consumption will increase to 4,101 billion Kilowatt Hours (kWh) by 2024, and 4,185 billion in 2025, due to the growing demand for power from data centers, manufacturing, and electrification in transportation and buildings. This compares to 4,000 billion kWh by 2023, and a record setting 4,067 trillion kWh by 2022.
German wind production expected to increase; spot prices not traded
German wind power is expected to double the German electricity supply. LSEG data shows that there were no transactions for German or French baseload power prices on Monday at 0922 GMT. Naser Hashemi, LSEG analyst, says that residual load is expected to drop in Germany and the rest of Europe on Monday as a result of lower consumption and increased wind and solar energy output. LSEG data show that the German wind output will increase by 7.6 gigawatts from Friday to 13,3 GW Monday. The French output, however, is expected to drop 1.1 GW to 2.2 GW. On Monday, the German solar energy supply is expected to increase by 510 megawatts to 13.1 GW.
Russia claims it has disrupted Ukraine’s power grid and weapons supplies with a massive strike
Russia announced on Monday that it had launched a massive attack on Ukraine, which it claimed had disrupted electricity supplies and rail transport of weapons and ammunition to front-line positions. Ukrainian officials claimed earlier that Russia launched over 100 missiles, and approximately 100 drones of attack at Ukraine during morning rush hour. And striking energy plants nationwide. In a press release, the Russian Defence Ministry stated that missiles were fired from air and sea. It also said that gas compressor stations and electricity substations had been hit in three Ukrainian regions.
Report: China's declining coal plant approvals indicate a shift in energy policy
The sharp decline in the number of new coal plants in China indicates that the world's biggest builder polluting power stations is shifting its energy policy to more renewable development. However, coal will continue to play a major part, according a report on Thursday. China approved only 10 new coal-fired plants with a combined capacity of 9 gigawatts in the first six months of 2024, a drop of 83% from the previous year. This is according to the Helsinki-based Centre for Research on Energy and Clean Air and the U.S. Global Energy Monitor. The report showed that China added more than 400 GW in wind and solar power since 2023.