The 'Energiewende' (energy turnaround) is profoundly reshaping the energy landscape in Germany: Regulatory changes, financial incentives and technological developments are the driving factors for transforming a previously centralized, hierarchical energy system to an ever-more distributed conundrum with a rapidly-increasing share of renewables at its heart, says Frank Reichenbach, manager at The Advisory House (TAH).
US engineering major GE has joint forces with China Xian Electric Group (XD Electric) with the aim to double sales of digital power transmission produces to $4 billion over the next decade. GE is understood to have paid 3.38 billion yuan ($552 million) to acquire a 15 percent stake in XD Electric.
Denmark's largest utility, Dong Energy, reportedly considers selling its 832MW gas-fired Severn Power Station - one of Britain's most modern gas-fired power plants for up to £500 million, though the UK Big 6 power producers are deemed unlikely to purchase the asset. A Dong representative declined to comment on banking speculation about a possible divestment of the asset but stressed the company's focus on wind power in the UK.
Nine out of ten businesses in the UK believe the government's flagship energy policy under the Electricity Market Reform (EMR) will burden the industry by making cost more difficult to predict, shows research released today by Npower. The £10 billion EMR programme guarantees a fixed price for green energy production, which is feared to increase electricity prices and reduce competitiveness of the UK economy.
Chinese investors are gearing up to spend close to $4 trillion on building and commissioning 88GW of new power generation capacity every year between now and 2030 – mainly hydro, renewables and gas-fired plants. A report compiled by Bloomberg New Energy Finance (BNEF) forecasts that China may annually start-up the equivalent of the UK's total generating capacity, boosting supply by more than 1,500GW in the coming 18 years.
French power generation conglomerate Alstom will supply a flue gas cleaning and heat recovery system for a new €120 million (SEK1,050 million) waste-to- energy CHP plant in the city of Linköping, Sweden. It is set to generate 80MW of power.
Emera, a privately-owned Canadian utility, is spending $541 million to acquire American generator Capital Power Corporation's combined-cycle gas-fired (CCGT) power stations on the US East Coast. Capital Power simultaneously announced it would wind down its commodity and energy trading business outside Alberta before year end. It said "operating complexity is significantly reduced by the divestiture of the northeast US plants."
Saudi state-owned oil company, Saudi Aramco is boosting its energy independence and cost control with plans to build a three combined heat and power (CHP) facilities, with a combined value of 650 million USD in Saudi Arabia, each at a different oil processing and refinery facility.
Contractors Siemens Energy and GS Engineering & Construction (GS E&C), have completed handover of 415MW Dangjin 3, a combined cycle gas turbine (CCGT) power plant in Dangjin-City, South Korea. The client is South Korean power utility GS EPS.
Scotland-headquartered turbine services company, Wood Group GTS has upgraded its two facilities in Aberdeen, UK and Houston, US to add more gas turbine maintenance services for turbines used to power industrial oil and gas production. Previously, these engine lines were supported nearly exclusively by the original equipment manufacturers (OEMs).
Eon's 1,320MW Grain Power Station, a combined cycle gas turbine (CCGT) plant outside of London, UK that powers a major UK LNG terminal would have to be relocated if plans to build a £68 billion ($106.6 billion) airport on the spot are realised. Boris Johnson, the Mayor of London, has approved proposal for the new airport planned for the Isle of Grain, 43 miles from London in Kent.
US Charge d'Affaires for South Africa, Catherine Hill-Herndon, has said a new gas field south of Cape Town, Ibhubesi, could potentially be used as a source of natural gas to fuel the South African government's plan for gas-fired power plants.