Daily Energy News
Policy & Regulatory
Norway unveils a comprehensive climate action plan to 2030
12 Jan 2021The Norwegian government has unveiled a comprehensive climate action plan to 2030. The plan focuses on greenhouse gas (GHG) emissions that are not included in the Emissions Trading System (ETS), including emissions from transport, waste, agriculture, and buildings, and some emissions from industrial production and the oil and gas industry.
Read moreChile’s parliament passes a bill on energy efficiency
12 Jan 2021The National Congress of Chile has approved a bill on energy efficiency, which targets a reduction in energy intensity of 10% by 2030 compared to 2019. In addition, large consumers with energy management capacity will have to cut their energy intensity by at least 4% over the period of the plan. The text also creates energy efficiency labels for homes, and establishes energy efficiency standards for vehicles. The Chilean authorities must prepare a national energy efficiency plan every 5 years.
Read moreSouth Korea authorises renewable energy producers to sign PPAs
12 Jan 2021The South Korean Ministry of Trade, Industry and Energy has authorised domestic electricity consumers to purchase electricity from renewable energy producers owning plants with a capacity of more than 1 MW through power purchase agreements (PPAs). Electricity consumers – both industrial and smaller end-users – can take part in the K-RE100 system through registration at the state-run Korea Energy Agency. Renewable electricity can be procured through third party PPAs, the green premium system, the purchase of renewable energy certificates (REC), or self-generation.
Read moreTurkey plans to tender 1 GW of solar capacity in early 2021
11 Jan 2021Turkey has decided to launch 74 solar energy mini tenders with a total capacity 1,000 MW spread across 36 different regions, for its Renewable Energy Resources Zones (YEKA) before the end of March 2021.
Turkey aims to produce 50% of its electricity from renewables by 2023 (up from 44% in 2019). Solar accounts for around 7% of Turkey’s installed capacity, with 6 GW. In 2017, through YEKA scheme, Turkey’s 1,000 MW solar tender accepted a winning bid price of TRY51.24/MWh (US$6.99/MWh).
Read moreMalaysia delays B20 biodiesel mandate in transport sector to 2022
11 Jan 2021Malaysia has delayed the mandate to roll out biofuel with a 20% palm oil component (known as B20) for the transport sector by about six months to early 2022. Malaysia Biomass Initiatives (MBI) was launched in 2011 to develop and promote palm oil. In 2011 Malaysia launched its B5 biodiesel programme, blending 5% palm oil-based biodiesel with 95% diesel. The share of biodiesel was raised to 7% in 2014 under the B7 Programme (applicable to the industrial sector as of February 2019) and then to 10% under the B10 mandate in February 2019.
Read moreEnergy & Climate Markets
Taiwan starts receiving US LNG from Cheniere Energy
12 Jan 2021The Taiwanese state-owned energy group CPC Corporation has started receiving LNG cargoes from the US company Cheniere Energy. In August 2018, Cheniere Energy signed a 25-year purchase and sale agreement with CPC Corporation to supply 2 Mt/year of LNG on a delivered basis starting from 2021, with a price pegged to the Henry Hub monthly average, plus a fee.
Read moreEnergy Prices & Taxes
Renewables accounted for 37% of Britain’s total generation in 2020 (UK)
12 Jan 2021According to the UK power transmission network operator National Grid, coal accounted for 1.6% of Britain’s electricity in 2020, compared with around 2.2% in 2019, and 23% in 2015. Renewable power generation in Britain accounted for 37.3% of total production in 2020 (24.8% from wind, 6.5% from biomass, 4.4% from solar, and 1.6% from hydro). Including nuclear (17.2%), CO2-free power generation accounted for 54.5% of the power mix in 2020. Natural gas provided 34.5% of total electricity generation.
Read moreInfrastructure & Investments
Waskita Karya and Terregra plan 510 MW of hydropower capacity (Indonesia)
12 Jan 2021Waskita Karya, an Indonesian state-owned construction company, has signed a Memorandum of Understanding (MoU) with the renewable developer Terregra to build 2 large hydropower plants (332 MW and 135 MW) in Aceh and 5 mini hydropower plants (two 3.5 MW projects, one 9.8 MW project and two 5 MW projects) in North Sumatra (Indonesia), with a total capacity of 510 MW. The power projects, which would be awarded to Terregra under engineering, procurement and construction (EPC) contracts, are expected to cost up to IDR12,500bn (US$893m).
Read moreQair plans to develop 500 MW of solar capacity in Sicily (Italy)
12 Jan 2021Qair, formely Quadran International, has applied to develop 500 MW of new solar PV power capacity in Sicily (Italy). The French power producer intends to secure financing and build the plants by the end of 2022.
Solar accounts for nearly 18% of the country’s installed capacity, with 20.9 GW installed at the end of 2019.
Read morePoland plans a new 203 MW solar project in Pomerania
12 Jan 2021Respect Energy and Goldbeck Solar plan to develop a 203 MW solar PV project in Zwartów in the Pomerania province (northwestern Poland). The €200m plant, which was selected during the renewable energy auction held in December 2020, will produce 230 GWh/year. Construction should start in the first quarter 2021 and the project is expected to produce first power in 2022.
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