The Asian Development Bank (ADB) bank has vowed to enact “stricter criteria for clean energy,” scrutinize all fossil projects and “firmly exclude” the financing of coal power. At this week’s Asia Clean Energy Forum (ACEF) 2020, the bank had to concede not all its current clean energy investment is climate-friendly.
Mutual Energy has selected Siemens to refurbish the Moyle Interconnector between Ballycronan More in County Antrim, Northern Ireland (NI), and Auchencrosh, Scotland. The 500 MW high-voltage direct-current (HVDC) link is nearly 20 years old. Refurbishment works and installation of a new HVDC Classic system are due completed in September 2022.
MAN Energy Solutions is supplying three 18V51/60TS engines to expand the Kossodo power plant in Burkina Faso. Situated in a suburb of the capital Ouagadougou, the plant extension will add 55 MW of electrical power – enough for a 20% boost of installed power gen capacity in the West African country.
The Vietnamese government has welcomed ExxonMobil’s plan to invest in the country’s energy infrastructure. The U.S. oil major is looking to set up an LNG-to-Power generation supply chain with a combined capacity of 3,000 MW in the Mekong Delta region, creating an outlet for LNG exports.
Japanese engineering firm Chiyoda, in consortium with Mitsui and Mitsubishi as well as shipping firm NYK Line, has started importing hydrogen from Brunei for use in a pilot power project. The first methylcyclohexane (MCH) cargo arrived at Kawasaki port, where the hydrogen gets extracted from the MCH.
Tennet, Germany’s largest power transmission system operator, has contracted Tractebel to build a 380 kilovolt (kV) overhead power line. The aim is to bring wind energy from northern Germany’s numerous wind parks to energy-intensive industrial regions further south.
The share of natural gas in the world’s energy mix has risen to a record 24.2%, BP said today in its benchmark 2019 Statistical World Energy Review. Primary energy consumption increased 1.3% last year with renewable power making up over 40% of that growth.
Turkey’s Karpowership is gearing up to plug South Africa’s gap in electricity supply and help state-owned utility Eskom source up to 3,000 MW of emergency power-gen capacity. It proposed to supply “several ships” to South Africa to meet peak summer demand.
German government advisors say a market-driven and quicker than planned coal exit is “necessary” to accelerate the energy transition. Taxes and levies need to be reformed, with industry calling for a steep cut in the renewable energy surcharge in line with the European Green Deal.
Techint’s Norte III combined cycle power plant in Mexico has started commercial operation, driven by four GE 7F.04 gas turbines, four GE H33 generators and two steam turbines from Toshiba. GE will operate and maintain the 907 MW plant, located in Ciudad Juárez, for the next 25 years.
Devaluation of the Egyptian pound and cuts in fuel subsidies have opened space for investment in the energy sector, though analysts say “a great deal more structural reform is needed.” According to ResearchandMarket projections, Egypt’s electricity supply surplus could reach 74 GW by 2035.
The 2020 US gas storage refill season (April 1 - Oct 31) has started out strong, exceeding 100 billion cubic feet (Bcf) in four out of the past six weeks. “No other refill season recorded more than three triple-digit net injections at this point in time,” analysts said, pointing at slow domestic demand and exports.