In the U.K., new offshore wind power is dramatically undercutting new nuclear generation on cost which signals that the sector has become a mature, bankable new segment of the energy sector. The lowest successful bids in last week’s auction results at €63 ($83) per MWh, were 50% less than a corresponding UK auction in 2015.
Targeting the decentralized power market, Siemens is launching a 57 MW upgrade of its SGT-800 gas turbine at the Power-Gen Asia trade show, which, opened its doors in Bangkok today. In combined-cycle configuration, Siemens SGT-800 now achieves 163MW power output at a net efficiency of more than 58.5%.
By 2040, coal and renewables will both contribute 31% to world electricity generation. In Europe, strong renewable energy expansion will eradicate the growth of gas use in the power sector over the next 10 years, according to the EIA’s just-released International Energy Outlook 2017 (IEO2017). Only after 2030, pipeline gas and LNG is seen regain market share in Europe, displacing nuclear power and lignite coal.
The US Department of Energy (DoE) has announced to grant $50 million in funding for projects aimed at strengthening grid resiliency in the face of storms and cyberattacks. The lion’s share of the funds, or $33 million, is reserved for seven projects from the Modernization Laboratory Consortium (GMLC).
At the peak of Hurricane Harvey’s impact along the US Gulf Coast, more than 10,000 MW of electricity generating capacity in the Electric Reliability Council of Texas (ERCOT) had to be shut down. But despite the significant amount of generator outages, ERCOT was able to meet total electricity demand due to lower levels of demand.
LNG imports to Spain have kept rising over the summer driven by record levels of gas-burn in the power generation sector. At the end of the peak summer season in August, Spain imported 19 LNG cargoes originating from Qatar, Nigeria, Algeria, Norway, Peru, Trinidad and the U.S.
Pushing the limits, the new MAN 20V45/60 engine achieves a power output of 26MW at a considerably lower fuel consumption than its predecessor, the MAN 48/60. At the launch event in Augsburg on September 11, the new flagship genset was presented as “the most powerful four-stroke engine in the market.”
Bergen Engines, a subsidiary of Rolls-Royce Power, has agreed to deliver two power stations with a contract value of €133 million to Bangladesh. Together, the two power stations will have a capacity of 262 MW and set to be fully operational in 2018.
Southern Co. has rejected a revised offer on rates for the Kemper County power plant. The offer would have enabled Mississippi Power to collect an additional $100 million in assets. After abandoning efforts to complete the Kemper gasifier, Southern had to take up nearly $6 billion in losses on the $7.5 billion project – but the regulator say some of the costs it now wants to recoup are “unjustified.”
German power producer Uniper is considering dismantling some German power plants, reassemble them in the UK, and could purchase stakes in British gas-fired power station, CFO Christopher Delbrück told Frankfurter Allgemeine Zeitung.
The US natural gas market was partially impacted as Hurricane Irma approaches Florida where six of the state’s largest power stations are running on gas. If the storm follows the forecast path and destroys key power transmission lines, Florida’s gas demand will be largely wiped out, the US Energy Information Administration (EIA) said in its weekly natural gas report.
Ohio-based First Energy Corp. has reduced the sales price for five gas-fired power plants and a hydro electric facility in Pennsylvania and Virginia in an effort to close on a drawn-out deal with Power Equity Partners, a New-York based infrastructure fund. The assets, with a combined capacity of 1,615MW, will now be sold for $835 in cash.
Despite declining costs for generating electricity from fossil fuels in the U.S., retail electricity prices have continued to rise in line with inflation – mainly due to higher expenses for delivering the electricity to end-customers. Power transmission costs have increased in real 2016 dollar terms from 2.2 cents/kWh in 2006 to 3.2 cents/kWh in 2016, roughly offsetting the decrease in the generation costs.
Silver Spring Networks and Genus Power Infrastructures, a smart meter provider in India and Southeast Asia, have agreed that the latter will integrate Silver Springs IPv6 network interface cards (NICs) into its single-phase and three-phase smart electric meters.
Britain’s has embarked on a difficult process of untangling its economic ties with the European Union which may put the construction of three planned EU-UK gas interconnection pipelines at risk. Thierry Bros, OIES research fellow, pointed out the UK needs to “reshape its energy diplomacy” as it will have to negotiate gas supplies with both the EU and Norway, which supplies some 38% of its gas, in the future.