Up to 2020, sales projections for distributed gas engine and turbine sales in Combined Heat and Power (CHP) applications will not be affected by shale gas prices. "Until then, country-specific policy measures, alongside slowly improving spark spreads based on non-shale energy price drivers, will be more important," says Michael Brown who leads Delta-ee's research on CHP markets.
Mitsubishi Heavy Industries (MHI), jointly with Taiwan's largest EPC company CTCI Corporation, has won a full-turnkey order from Taiwan Power Company to build a gas-fired combined cycle plant, consisting of three power islands with a combined capacity of 2,600MW. The mega plant, located in Tunghsiao Township about 150 kilometers southwest from Taipei, will be powered by M501J gas turbines.
MHI said the latest order from Tawain brings the number of sold 60 hertz M501 gas turbines up to 22, including four successive orders for 10 units in total from South Korea.
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.
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."