Having agreed to contribute 20% of the equity capital for the St. Joseph Energy Center, Toyota Tsusho Corp of Japan will participate in its construction and operation. The combined-cycle power plant project, with a nameplate capacity of 675 MW, is realised by Development Partners Group in Indiana, US.
With prices for crude oil, thermal coal and European gas having fallen further over the summer, Societee Generale analysts do not anticipate any “meaningful recovery” for power prices. Unscheduled cross-border flows of excess low-cost wind power from Denmark and northern Germany add supply uncertainty.
China's National Energy Administration is targeting to produce 50 Bcm of gas from coal by 2020, enough to satisfy 10% of gas demand from industries and power producers. Turning to coal gasificiation would allow China to utilise a domestically abundant fossil resource in a cleaner way, while reducing dependence on Russian pipeline gas or LNG imports.
Fossil power plant operators have to decide by year-end on whether to keep their units in the EU’s limited life derogation (LLD) scheme or rather enlist them in a transitional national plan (TNP). The first option restricts run-time hours from January 1, 2016, while Britain’s TNP gives the operator until 2020 to invest in emission abatement. RWE, EDF and SSE already entered several plants into the LLD – but this decision is rescindable until December 31.
Though announced already in January 2013, plans to build an 800 MW gas power plant in Brownsvillle, Texas, have ground to a halt. According to a Fitch Rating report, Tenaska, one of the project partners, has not managed to sign up buyers for most of the electricity the CCGT would generate.
Tapping Australia’s coal seam gas (CSG) in Queensland, has brought about the need to deliver electricity in remote locations – way off the main power grid. Diesel used to be the prime fuel source for remote power, but with the abundance of CSG, it makes logical sense – not least for Clarke Energy – to provide electricity from this fuel source.
Expanding interconnection capacity is bound to further increase electricity trade between Canada and the US. Regulators recently gave the environmental nod to the Great Northern Transmission Line, allowing Minnesota Public Utilities Commission (MPUC) to take a route permit decision in early 2016.
Russia’s energy ministry has declared a ‘state of emergency’ in Crimea after an explosion cut off all electricity supply to the peninsular from Ukraine. Repairs to the four destroyed power transmission lines in Kherson oblast will reportedly not be carried out until the activists, who claim responsibility for the attack, are released.
New research underway at the Colorado School of Mines promises to create breakthrough fuel cells that will produce electricity from natural gas at medium-temperature and low cost. The team uses Proton Ceramic Fuel Cells (PCFC), instead of the conventional Solid Oxide Fuel Cell (SOFC) technology.
Bundling distributed energy systems into RWE’s Smartpool project, the German utility works together with Siemens to set up a ‘next-generation’ virtual power plant. The aim is to integrate renewables, decentralised fossil power plants and energy storage.
The lights went out in Crimea after pylons carrying power lines that link Ukraine with the Russia-annexed peninsular were reportedly “blown up overnight.” Four main transmission lines were damaged by the blast, so Crimea had to start relying on reserve power supply starting from Sunday morning.
Ali Rıza Alaboyun, the Turkish energy minister, announced plans to invest $125 billion to meet the country’s “tremendous” energy demand that is growing at a rate of 7% each year. The government seeks to almost double installed power generation capacity from currently 72 GW to over 130 GW by 2023.