Acquisition of power plants has helped China's Huaneng Power International to boost its installed asset base in mainland China by 23.6% in the fourth quarter of 2017, the utility said in an exchange filing. The three purchased gas power plants are located in the provinces of Heilongjiang, Jilin and Shandong.
Cost competition between fossil fuels and renewable energy sources is intensifying and will be won by the latter by 2020. Technology advances by that time will enable solar PV and onshore wind to generate electricity below $30/MWh, according to projections by the International Renewable Energy Agency (IRENA).
The Moroccan energy ministry is preparing to launch a tender for gas upstream projects worth $4.6 billion with most of the gas production earmarked for domestic power generation. The Moroccan government has already selected financial and technical consultants for the venture.
Rapid changes in the energy landscape also drive businesses to adapt and update their existing trading platforms and systems. “We see a huge shift in digital innovation from aggregation of renewable generation, storage and emerging supply businesses that will significantly impact energy trading,“ said Tim Rogers, Contigo's head of sales and business development.Trayport affiliate Contigo, a vendor of Energy Trading and Risk Management (ERTM) software, will demonstrate its products at E-World, Essen in early February.
Energy storage technologies like batteries create an “unusual combination of cost and revenue streams,” according to EIA analysts, given that they can serve as both energy suppliers and consumers at different times. Thanks to their versatile functionality, about 700 MW of new utility-scale batteries has been added to the US power grid over the past three years.
UK Power Reserve, developer of decentralized energy, has hit the milestone of 500MW of flexible power plants in operation. Pointing out its strong track record in translating prequalification results into Capacity Market contracts, UKPR said it “fully expects its portfolio will surpass a gigawatt at the capacity market auction in February.”
Natural gas is set to become the Middle East’s “top source for power generation,” accounting for 60% of the region’s power supply, while renewables will triple their market share to 20.6%, according to Siemens ‘Middle East Power: Outlook 2035’. To meet rising demand, utilities in the Middle East are anticipated to add 267 GW, or 66% of installed capacity, by 2030.
Mazut, a heavy low-quality fuel oil, has been the basis for generating 45% of Iran’s electricity needs but the government now said it wants to replace the “econ-unfriendly fuel” with natural gas by March 2018. Burning mazut to produce electricity has already declined to 8%, and plans are to end the use of this fuel “in the shortest possible time,” said Arash Kordi, the managing director of Iran Power Generation, Distribution and Transmission Company (Tavanir).
Plans of EP UK Power Development (EPUKPD) to expand the King’s Lynn-B project into a 1,070-MW combined-cycle plant are now subject to a public consultation. The operator claims the CCGT would generate almost twice as much electricity as its initially proposed plant, approved in 2009, taking advantage of new technology.
Fluence, the new joint venture by Siemens and AES Energy Storage, has started operations at the start of this year, backed by a dedicated financing programme from Siemens Financial Services, and a substantial contract to supply a 400MWh battery system in California.
Operators of Drax, the UK’s largest coal power station, are staging a series of events to inform the wider public about plans to repower up to two of the plant’s remaining coal-fired units with gas and adding a large battery storage system. If the repowering proceeds as planned, Drax will be expanded with two combined-cycle gas turbine (CCGT) power units with a combined capacity of 3,600-MW and a battery storage system of up to 200-MW.
Vortex’s hybrid fire suppression system utilizes water and nitrogen in a combined suspension to suppress fires in power plants. The suspension liquid both cools the hazard area and removes the oxygen that sustains the fire using high velocity and low pressure.
Conflicting agendas add to the confusion on the future role of LNG in South America, and even the direction of LNG trades”, given that three countries – Argentina, Brazil and Chile – were importing LNG while “in parallel, some countries harbour future ambitions to join Peru as LNG exporters when (or if) their national production permits.”
Gassco, the Norwegian pipeline operator, delivered 117.4 Bcm of natural gas in 2017 to European and British buyers, a solid 8% rise year-on-year. Frode Leversund, Gassco CEO, said this record performance demonstrated the key role of Norway’s gas exports which currently covers about a quarter of Europe’s gas consumption.
Swiss power plant developer Advanced Power has announced the official start of full commercial operations at its 700-MW Carroll County Energy Center. The combined-cycle plant, located in northeast Ohio, is powered by two of GE’s 7F.05 gas turbines and serves the PJM market.