Daily Energy News
Policy & Regulatory
Australia will not use Kyoto GHG emissions credits to meet 2030 target
9 Dec 2020Australia has abandoned its plan to use Kyoto carryover credit to achieve its remissions reduction targets. The country received carryover credits as Australia exceeded its greenhouse gas (GHG) emissions reduction target for the first Kyoto period (2008-2012) and the projected overachieved for Kyoto 2 (2013-2020). The surplus could have been counted towards Australia’s commitment to the 2015 Paris agreement. Australia’s NDC aims to reduce GHG emissions to 26-28% below 2005 levels by 2030.
Read moreAndhra Pradesh (India) launches tender for 6.4 GW of solar projects
9 Dec 2020The state government of Andhra Pradesh (south-eastern India) has launched a tender for 6.4 GW for solar projects to be developed in 10 locations in the state, including 600 MW at Chakrayapet, 400 MW at Thondur, 600 MW at Kambaldinne, 600 MW at Pendlimarri, 600 MW at Rudrasamudram, 600 MW at CS Puram, 600 MW at Uruchinatala, 1,200 MW at Akmbadur, 600 MW at Mudigubba, and 600 MW at Kolimigundala. To do so, Andhra Pradesh has created create an affiliate of its AP Power Generation Corporation, named Andhra Pradesh Green Energy Corporation.
Read moreFrance plans to auction a 1 GW offshore wind project in 2022
8 Dec 2020The French government has selected an area located 32 km off the coast of Cotentin (Normandy) to build a 1 GW offshore wind project. The tender is scheduled in 2022. The government’s current multi-year energy plan targets 2.3 GW of offshore wind capacity in 2023 and at least 5 GW by 2028.
Read moreJapan revokes operating permits for Ohi-3 and 4 nuclear units (2.2 GW)
8 Dec 2020The Osaka district court has revoked the operating permits for Ohi-3 and Ohi-4 reactors at Kansai Electric’s nuclear power plant in Fukui prefecture (Japan). According to the court, the Nuclear Regulation Authority (NRA)’s assessment did not sufficiently take into account the vulnerability of the units to major earthquakes.
Read moreCompanies
Oman creates a new state-owned energy holding company
9 Dec 2020The Omani government has created Energy Development Oman (EDO), a new company tasked to invest in conventional and renewable energy in the country and abroad. The new company will acquire a majority stake in Petroleum Development Oman (PDO), which accounts for about 60% of the total oil production in the country and will take over the Block 6 licence currently owned by PDO. PDO is currently owned by the government (60%), Shell (34%), Total (4%) and Partex (2%). EDO will also invest in commercial activities across the upstream and midstream segments.
Read moreNeoenergia buys Brazilian power distribution company CEB Distribuidora
9 Dec 2020Neoenergia, the Brazilian affiliate of the Spanish energy group Iberdrola, has won a tender to acquire 100% of CEB Distribuidora for BRL2.5bn (US$486m), offering a 76% premium compared to the minimum price of BRL1.4bn (US$278m). CEB Distribuidora operates in the Federal District and the capital city of Brasilia. The company has 1.1 million customers in Brasilia and owns a 9,731 km-long network.
Read moreEnergy & Climate Markets
Japan’s GHG emissions fell to record low in 2019-2020
9 Dec 2020According to the Japanese Ministry of the Environment, Japan’s greenhouse gas (GHG) emissions decreased by 2.7% in the financial year 2019-2020 (April 2019-March 2020) to 1,213 MtCO2eq, their lowest level since 1990-1991. It represents a 14% decline compared to the financial year 2013. It is the sixth year in a row of decline, which is mainly driven by the increased use of renewable energies, the restart of nine nuclear reactors and a lower energy demand thanks to a warmer winter and a reduced energy consumption by industry.
Read moreInfrastructure & Investments
Banks Group plans a 300 MW onshore wind project in Scotland (UK)
9 Dec 2020The UK coal miner Banks Group plans to develop a 300 MW onshore wind project at Bodinglee in South Lanarkshire Council (Scotland, United Kingdom). The project would require a £300m (€330m) investment.
In September 2020, the UK government refused planning permission for the Druridge Bay opencast coal mine near the Northumberland coast. The mining project, developed by the Banks Group, would have produced 3 Mt of coal. The original application was submitted in October 2015 and rejected in October 2018.
Read moreKuwait commissions a 264 kb/d crude distillation unit
9 Dec 2020Kuwait National Petroleum Corporation (KNPC) has commissioned a 264,000 bbl/d crude distillation unit (CDU) at its Mina Abdullah refinery, as part of KWD4.6bn (US$15bn) Clean Fuels Project (CFP). The project, which will allow the production of ultra-low sulphur fuel products, was developed by Petrofac, Samsung Engineering and McDermott International. The CFP intends to increase the refining capacity at Mina Al-Ahmadi and Mina Abdulla to 800,000 bbl/d.
Read moreBarakah-1 nuclear reactor reaches 100% of power capacity (UAE)
9 Dec 2020Nawah Energy has achieved 100% of the rated reactor power capacity for Unit 1 of the Barakah nuclear power plant in the United Arab Emirates (UAE).
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