Daily Energy News
Companies
EDF’s power generation dipped by 10% in 2020 to 502 TWh
19 Feb 2021EDF has released its 2020 full-year results, posting a -3.4% decline in its turnover to €69bn and an 87% fall in its net results to €0.7bn. The group’s power generation declined by 10% to 502 TWh, due to a 12% drop in nuclear generation to 384 TWh and to a 14% fall in gas-fired generation; this was partly offset by increases in hydro (+12%) and renewable (+5.5%) power generation. In France, nuclear power generation contracted by 12%, mainly due to the health crisis that extended the duration of outages.
Read moreNorwegian power producer Statkraft’s output increased by 7% in 2020
19 Feb 2021The Norwegian state-owned power group Statkraft has released its 2020 full-year results, posting a net profit of NOK3.5bn (€345m, i.e. -69% compared to 2019). Its power generation increased by 7% to 65.4 TWh in 2020, thanks to a higher hydropower and wind power generation in the Nordic countries (+4.3% and +43%, respectively) and a higher gas-fired power generation in Germany (+13%). Most of its power generation was carbon-free, with 85% of hydro, 8% of gas and 7% of wind.
Read moreUS pipeline company Energy Transfer buys rival Enable for US$7.2bn
19 Feb 2021The US energy infrastructure group Energy Transfer has entered into a definitive agreement to acquire Enable Midstream Partners in an all-equity transaction valued at US$7.2bn.
Read moreForecasts
The US is forecast to be a net petroleum importer in 2021 and 2022
19 Feb 2021According to the US Energy Information Administration (EIA), the United States is expected to become a net importer of petroleum (i.e. crude oil, refined oil products, and other liquids) on an annual basis in both 2021 and 2022 because of declines in domestic crude oil production and corresponding increases in crude oil imports. In 2020, the US crude oil output decreased by 0.9 mb/d (-8%) to 11.3 mb/d because of well curtailment and a reduced drilling activity due to low crude oil prices.
Read moreInfrastructure & Investments
The Changhua 1 offshore wind project (Taiwan) secures a US$280m guarantee
19 Feb 2021UK Export Finance (UKEF), the UK’s export credit agency, has awarded a £200m (US$280m) buyer credit guarantee to finance the 605 MW Greater Changhua 1 offshore wind project in Taiwan, which is developed by Ørsted.
Read moreWpd plans to develop 1 GW of wind capacity in Bosnia and Herzegovina
19 Feb 2021Wpd Adria plans to develop four wind power plants in the Herceg-Bosna canton (Bosnia and Herzegovina) with a total capacity of 1,074 MW. Projects includes the Kruzi and Vaganj wind projects in Livno with a total capacity of 810 MW, the 138 MW Glamoč project and the 126 MW Marino Brdo project in Bosansko Grahovo.
Read moreTwo firms plan a 200 MW solar project in southern Nigeria
19 Feb 2021B&S Power Holding (Singapore) and the Nigerian investment company Sunnyfred Global have signed an agreement to develop a 200 MW photovoltaic project in Ashama, in the Delta State, in southern Nigeria.
Solar accounts for less than 1% of Nigeria’s installed capacity, with less than 30 MW at the end of 2019. More than 6.7 GW of projects are currently under development.
Read moreBorssele III/IV offshore wind project (Netherlands) is fully operational
19 Feb 2021The Blauwwind consortium has fully commissioned the 731.5 MW Borssele III/IV offshore wind project in the Dutch part of the North Sea. The project, which achieved first power in August 2020, will generate 3 TWh/year. The Blauwwind consortium includes Partners Group (45%), Shell (20%), Diamond Generating Europe (15%), Van Oord (10%) and Eneco (10%). The consortium was selected in December 2016 through a tender process and Shell and and Eneco have secured 15-year Power Purchase Agreements (PPAs), under which each will buy 50% of the power generated by the wind power project.
Read morePolicy & Regulatory
Nigeria delays target to end gas flaring by five years to 2025
18 Feb 2021Nigeria has vowed to eliminate gas flaring by 2025. According to the Department of Petroleum Resources, the country flared a total of 3.3 bcm of produced associated gas in 2018, i.e. 11% of produced gas.
Previously, in 2016, Nigeria had pledged to end routine gas flaring by 2020, as part of the country’s commitment under the World Bank-led “Zero Routine Flaring by 2030” Initiative. Fugitive CO2 emissions from flared gas accounted for 16% of Nigeria’s CO2 emissions without LULUCF in 2018.
Read morePoland plans to deploy smart meters at 80% of end users by 2028
18 Feb 2021The Sejm, Poland’s lower house, is currently examining an amendment to the Energy Law, which would force distribution system operators (DSOs) to roll out electricity smart meters at 80% of consumers by the end of 2028. According to the schedule included in the draft, DSOs would be required to equip at least 15% with consumers with smart meters by the end of 2023. Smart meters should cover 35% of electricity distribution points by the end of 2025, and 65% by the end of 2027.
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