Regulations favourable for free contracting of thermoelectric power plant projects, together with lower potential for new hydropower plants, will boost to the Brazilian natural gas power plant market to reach over $1,200 million by 2017, Frost & Sullivan analysts forecast.
Spain's power producers are calling for new regulatory support mechanisms to help cover investment costs of existing fossil plants.
"It is vital to establish a mechanism to reward the backup service of existing gas-fired plants to assure the reliability of the system" says Carmen Vindel, Head of International Regulation, Gas Natural Fenosa.
Enhancing the complementary use between renewables and gas is crucial to achieve Europe's targets on ensuring sustainable, secure and affordable energy supply, Dong Energy, Shell, GE and First Solar have formed an Energy Partnership, Jasper Vis, Head of Regulatory Affairs, DONG Energy said in Brussels today.
Alstrom Grid has set a new record for a High Voltage Direct Current (HVDC) circuit breaker by interrupting currents exceeding 3000 amperes in less than 2.5 milliseconds at a testing facility in France. The new circuit breaker helps pave the way for so-called "meshed" smart grids for direct current that will require the interconnection of several points.
A boom in new-built solar capacity Germany, with up to 3,000 MW of new-built capacity in a single month, proves detrimental for gas-fired power generation capacity. "Feed-in tariffs and 'insanely over-funded' renewable energy supply is the fundamental flaw in Germany's energy transition, says Helge-Jürgen Beil, Vice President Asset Origination, Statkraft Markets GmbH.
For power producers to prefer gas over coal as a fuel for power generation the price of carbon emission allowances would have to rise to €40-50/ton, Thijs van Hittersum, Natural Gas Analyst, International Energy Agency said at a conference organised by Gas to Power Journal in Brussels today.
Regulatory interventions such as the proposed backloading of up to 900 billion carbon emission allowances (EUAs) into the third phase of the ETS is, however, in his view "most likely not sufficient to solve the oversupply situation in the carbon market."
Siemens has won a contract to supply a single-shaft power island with a H-Class turbine, with up to 61% operational efficiency, to power Cengiz Enerji's proposed gas-fired combined-cycle power plant (600 MW) in Samsun, Turkey.
In an interview, Mete Maltepe, General Manager at GE Power & Water – Turkey, told Gas to Power Journal that the company has invested approximately $500 million in Turkey to date, with a further $900 million planned over the next three years. This includes the provision of turbines to various gas to power projects such as the new plant in the Erzin district operated by Akenerji, the Egemer Elektrik Uretim A.S. (Egemer), and the cogeneration plant at Bursa, operated by Bis Enerji Elektrik Uretim AS.
The Mississippi Senate has approved two bills (HB 894 and HB 1134) already passed by the state's Lower Chamber which will help Mississippi Power Co. recover costs from its coal gasification power plant project.
Exploitation of the UK's significant shale gas resources is unlikely to result in low natural gas prices, as high costs and slow exploration rates are unlikely to offset the need to import gas for power generation.
Unless Germany introduces measures to curb the costs of renewable feed-in-tariffs, the price tag for its energy transition policy (Energiewende) may amount to up to €1 trillion by the end of the 2030s , German environment minister Peter Altmaier warned.