Investment in US wind power is expected to plunge this year in spite Congress agreeing to a one-year extension of the wind energy Production Tax Credit (PTC) and Investment Tax Credits (ITC), analysts warn. Gas power generation at record low costs and a flurry of wind capacity start-ups in Q4-2012 is set to put a lid on new projects.
Development of Pratt & Whitney Power Systems (PWPS) new 60 megawatt (MW) class models is likely to be accelerated under the new ownership by Mitsubishi Heavy Industries (MHI), industry sources told Gas to Power Journal. PWPS' new 60 MW model will complement the proven 30 MW machines.
Wärtsilä, a global gas engine manufacturer, has won a contract worth €184 million to engineer, supply and install a 200 megawatt (MW) dual-fuel power plant in Jordan.
The newly sworn-in Japanese government is considering taking a U-turn on nuclear power, overthrowing the 2030 nuclear exit policy of the former administration, with the greater market share of nuclear curtailing poised to curtail gas generation.
Germany will realise merely half of the 10,000 MW in offshore wind capacity it plans by 2020, according to wind energy association BWE, with the slow expansion in wind capacity requiring more fossil capacity.
GE has won an order to supply Frame 6B gas turbines to Spain’s Technicas Reunidas, the engineering, procurement and construction contractor for the upgrade of the Izmit refinery. The order is part of a $2.3 billion investment by refinery owner Turkish Petroleum Refineries Corporation (Tupras), to upgrade its 1960s era refinery to meet the latest EU environmental and emission standards.
Florida Power and Light has ordered three SGT6-8000 gas turbines and generator packages, for its Port Everglades power plant. This new order for Siemens technology is part of it $1billion modernization of a 1960’s era power plant.
Origin Energy has started operations of a new 550 MW gas peaking plant in the Australian state of Victoria with a view to expanding the plant's capacity to 1,000 MW, if required. Located at Mortlake, some 220 km west of Melbourne, the new power plant costs investors some $810 million.
The British government has just given the go-ahead, after an 18 month suspension, for the resumption of exploration of unconventional gas by the energy company Cuadrilla, using the fracking process. Energy and Climate Change Secretary Edward Davey gave the go-ahead, subject to stringent new controls to mitigate possible seismic activity.
Texas-based NRG Energy completed a $1.7 billion merger with New England’s GenOn Energy last Friday. The merger unites two former rivals companies which in 2011 generated some 107 TWh of electricity, sufficient to power about 40 million homes in the US.
Mozambique plans to build its biggest ever gas fuelled power plant. Wartsila has signed a €138 million deal with joint-venture Central Termica de Ressano (CTR). CTR is a joint-venture owned by South Africa’s integrated chemical and energy giant SASOL Energy, and Mozambique’s state owned electricity company Electricidade de Mozambique (EDM).
Power prices in Singapore are recovering from a plunge in late October caused by a record increase in registered power generation capacity of combined cycle gas turbines (CCGTs) and low fuel prices.
Gas-fired combined-cycle power plants (CCPPs) will dominate the US power generation market, as economics of low-cost gas generation and more stringent emissions regulation continue to erode the competitiveness of coal-fired plants, forecasts John Wilson, vice president for product sales Americas at Siemens.