Daily Energy News
Policy & Regulatory
Argentina seeks to boost hydrocarbon production
1 Sep 2020As part of its strategy to pull the country out of a financial crisis, the government of Argentina will promote oil and natural gas production, with the objective to increase hydrocarbon exports. According to the government, an increase in hydrocarbon production will allow to adequately supply domestic needs, replace imports and to improve energy trade balance. In 2019, imports of natural gas and petroleum products accounted respectively for 10% and 20% of Argentina’s consumption.
Read moreGermany unlocks €40bn in compensation for coal mining regions
1 Sep 2020The German federal government has signed an agreement with Länder on the €40bn in support to ensure a just transition for coal regions. Brandenburg, Saxony, North Rhine-Westphalia and Saxony-Anhalt will receive €14bn until 2038 for direct investments, while the federal government will provide another €26bn to implement further measures to strengthen locales economies. The law governing support payments for mining regions was adopted in July 2020.
Read moreCompanies
The EC authorises Total to acquire EDP’s power and gas assets in Spain
1 Sep 2020The European Commission (EC) has authorised, under the EU merger regulations, Total to acquire the Spain-based EDP Comercializadora. According to the EC, the proposed concentration would not give rise to competition concerns as the overlaps between the companies’ activities are very limited.
Read moreJapan’s Eneos could shut down at least 200 kb/d of refining capacity
1 Sep 2020The Japanese oil refinery Eneos Holdings, formerly JXTG Nippon Oil & Energy, intends to accelerate its transformation into a supplier of low-carbon energy and materials. The company plans to close refineries, and to transform them into chemical refineries or energy platforms for electric power, hydrogen and others. To this end, Eneos could shut down the Kashima refinery (197 kb/d) or the Mizushima refinery (320 kb/d).
Read moreExelon Generation intends to retire 4.3 GW of nuclear capacity in Illinois (US) in 2021
1 Sep 2020Exelon Generation intends to retire its Byron and Dresden nuclear power plants (NPP) in fall 2021 for economic reasons. The two nuclear plants are located in Illinois (United States). The Dresden NPP comprises two BWR reactors which were commissioned in 1970 and 1971 with a total capacity of 1.8 GW that are licensed to operate for another decade.
Read moreCiticore (The Philippines) targets a solar capacity of 1.5 GW by 2025
28 Aug 2020Citicore Renewable Energy Corporation, a subsidiary of Philippine company Citicore Power, plans to reach a solar capacity of 1.5 GW by 2025. The company currently owns solar projects totalling 238 MW. In 2017, the Department of Energy (DoE) authorised Citicore Power to proceed with the pre-development stage of 5 proposed hydropower projects with a total power capacity of 2,300 MW in the Luzon island.
Read moreInfrastructure & Investments
TVO delays Olkiluoto-3 nuclear project’s start to February 2022 (Finland)
1 Sep 2020Finnish power company Teollisuuden Voima Oyj (TVO) has postponed again the commissioning of the 1,650 MW Olkiluoto-3 (OL3) nuclear power project in Eurajoki (western Finland) to February 2022 because of slow progression of system testing, technical problems, maintenance work caused by project delay and shortcomings in spare part deliveries. The plant was expected to enter commercial operation in March 2021.
Read moreHanlim E&C plans to build a 4.8 GW gas-fired plant in Indonesia
1 Sep 2020PT Hanlim Power Corporation, an Indonesian subsidiary of South Korean company Hanlim E&C, intends to build a 4,800 MW gas-fired power plant in Batubara regency, North Sumatra. The company already secured an agreement with the state government of North Sumatra to acquire land and obtain administrative authorisation for the plant. Construction is expected to begin in 2021, and the project will build in three 1.6 GW stages.
Read moreNordex starts turbine installation at the 475 MW Nysäter wind project (Sweden)
1 Sep 2020The Nordex Group has installed the first of 114 turbines at the 475 MW Nysäter onshore wind project in county Västernorrland, central Sweden. The German wind turbine manufacturer signed a turnkey agreement for the project in December 2018. The €500m project is owned by the Swiss investment manager Credit Suisse Energy Infrastructure Partners (80%) and RWE Renewables (20%). The project is slated for completion by the end of 2021.
Read moreDominican Rep. to update law promoting investment in the power sector
1 Sep 2020The new Minister of Energy and Mines of Dominican Republic has announced that the government will not make investments in the construction of power plants, but will promote and support possible investments by the private companies in the sector.
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