German chancellor Angela Merkel has admitted the country's clean-energy prone needs an overhaul, including a cut in subsidies for renewables paid by consumers via the EEG levy, to ensure that state-of-the-art gas fired power plant can operate at a profit.
UK bank Standard Chartered has been appointed by Azura Power West Africa to lead the debt capital raise for a new $700 million open-cycle gas turbine power station to be built near Benin City in Nigeria's Edo State.
Germany utility E.on said Friday it entered a re-dispatch solution with grid operator TenneT to keep two of its loss-making gas-fired power plants in southern Germany operational. E.on chief executive Johannes Teyssen said on Friday that the company and co-owners N-Ergie, Mainova and HSE Darmstadt, will keep the Irsching blocks 4 and 5 operational to help guarantee security of power supply in Bavaria.
A total of 11 European companies have joined together in a project initiated by energy consulting and testing & certification company DNV KEMA to develop the concept of Power-to-Gas (P2G) in the newly established North Sea Power to Gas Platform. P2G is a method of converting surplus renewable electricity into gaseous energy carriers such as hydrogen or methane that can be stored in the natural gas grid.
The European Commission has warned Ireland that it must fully transpose the Electricity Directive of the third energy package into law or face referral to the European Court of Justice (ECJ). The directive contains provisions for the proper functioning of European Union electricity markets such as rules on the unbundling of networks, rules strengthening the independence and powers of national regulators and rules on the improvement and functioning of retail markets.
The share of gas in the UK's generation mix fell from 39.9 percent in 2011 to 27.5 percent in 2012 – its lowest share in the mix since 1996 – due to high gas prices, according to statistics released on Thursday by the Department of Energy and Climate Change (DECC). Coal's share in the mix by contrast increased from 29.5 percent in 2011 to 39.3 percent in 2012. Total electricity generated in 2012 fell by 1.3 percent from 367.8TWh in 2011 to 363.2TWh in 2012.
Florida Power & Light Company (FPL), a subsidiary of NextEra Energy, has started-up operations of the Cape Canaveral Next Generation Clean Energy Center in Florida. The gas-fired combined-cycle plant with a capacity of over 1,200 MW cost FPL $900 million to build, coming in $140 million under budget.
Two turnkey 744MW gas-fired combined-cycle power plant (CCPP) projects in Oman, Sohar 2 and Barka 3, have been completed and commissioned by Siemens Energy and its consortium partner, the South Korean EPC contractor GS E&C. The plants originally went into simple-cycle operation in 2012 to meet Oman's increasing demand for electricity before being put into commercial operation in combined-cycle mode this month to meet peak electricity demand during the upcoming summer.
The successful deployment of carbon capture and storage technologies (CCS) in power generation will be crucial to achieving the UK's climate change goal of an 80 percent reduction in emissions by 2050, says a new report from Carbon Connect. "Electricity supply will likely need to rise significantly by 2050, and decarbonising the power sector beyond 2030 without CCS would be expensive and politically challenging," the report reads.
Introducing capacity payments for power producers in Germany is deemed "inevitable" by 2017, UBS analysts say, as hard coal and gas-fired power plants need additional incentives for operating during peak-demand hours or for balancing intermittent renewable energy supply.
Relative gas and coal prices will have a significant impact on the future energy mix in the US, according to the US Energy Information Administration's (EIA) 2013 Annual Energy Outlook. Under the EIA's Reference case, natural gas power plants will begin to lose their competitive advantage over time as natural gas prices increase relative to coal, making up 28 percent of the generation mix in 2040. This represents a rise from the 2011 level of 24 percent but falls short of the 42 percent that would be expected under the EIA's High Oil and Gas Resource case.
Old Dominion Electric Cooperative (ODEC) announced on Tuesday that it will seek approval to construct a new natural gas-fired power plant named the Wildcat Point Generation Facility near the town of Rising Sun, Maryland on existing property of its Rock Springs Generation Facility. ODEC says the plant will generate about 1000MW of power – enough to supply 390 000 homes annually – and is expected to become operational in 2017.
Germany's 'green' energy policies are failing to provide their intended emissions reductions , says John Rhys, Senior Research Fellow at the Oxford Institute for Energy Studies (OIES), arguing that phasing out nuclear will continue to increase coal use significantly. "Germany does not promote CCS (...) and it is also foregoing gas," he said in an opinion piece published by the Institute, claiming "Germany's simultaneous capitulation to anti-nuclear prejudice and willingness to compromise on cheap high CO2 emissions coal is therefore a disappointment to British supporters of EU ambitions to lead on climate change".
A coalition of 10 US states and 5 cities lead by New York Attorney General Eric T. Schneiderman has filed a court brief urging the US Supreme Court at the request of the Environmental Protection Agency (EPA) to review and reverse a lower court decision that invalidated an EPA rule requiring substantial cuts in the interstate transport of air pollution.
Success in the micro Combined Heat and Power (CHP) market is dependent on having a standardised, efficient and cost effective generation unit, Jean-Pierre Van Wingen, General Manager of E. Van Wingen (EVW) told COGEN Europe's annual conference in Brussels. "It is essential that you have a standard product. It needs to be competitive and have a low price and that is only possible when you have a concept that can be produced in volume," he said, adding that "production in volume also allows you to have standardized service and decrease marketing costs."