Latest Energy News
Policy & Regulatory
Germany starts implementing its 2019 climate package
27 May 2020German’s federal government has launched two regulations to implement the climate package that was approved in September 2019.
Read moreAustralia focuses on CCS to meet its 2030 Paris emissions target
27 May 2020The Australian government plans to authorise its AUD2bn (US$1.3bn) Climate Solutions Fund to finance carbon capture and storage (CCS) projects. In addition, the government proposes to award credits to enterprises for implementing low-emissions solutions, including CCS, which would be used to meet their climate obligations under the safeguard mechanism. The scheme fixes an emission ceiling for a facility, above which it must acquire abatement.
Read moreCroatia plans to tender 2.3 GW of renewables capacity
26 May 2020Croatia has introduced a new law to tender 2,265 MW of renewable capacity. The Croatian authorities have allocated 1,075W of solar capacity, including 210 MW for solar projects ranging in size from 50 kW to 500 kW, 240 MW for solar installations with capacities between 500 kW and 10 MW, and 625 MW for PV power plants exceeding 10 MW.
Read moreAlgeria aims to develop 4 GW of solar capacity by 2024
26 May 2020The Algerian government plans to develop several solar power plants with a total capacity of 4 GW over the 2020-2024 period, at a cost of US$3.2bn to US$3.6bn. Thanks to the so-called TAFOUK1 project, Algeria expects to meet growing domestic for electricity and to export electricity.
Read moreEnergy & Climate Markets
Russian coal exports could fall by up to 22% in 2020
27 May 2020According to the Ministry of Energy of the Russian Federation, Russian coal exports may fall by 10 to 22% in 2020, due to COVID-19 pandemic and collapsing energy demand. In addition, domestic coal demand may fall in the range from 4% to 12%, by 20-33 Mt.
Read moreInfrastructure & Investments
Denmark approves 560 MW of new offshore wind capacity
27 May 2020Danish project developer European Energy has obtained environmental impact assessments (EIA) approvals for the Omo South and Jammerland Bay offshore wind projects in Denmark, which will have a combined capacity of 560 MW and are expected to be commissioned in 2023. The Omo South wind project will have a capacity of 320 MW, while Jammerland Bay wind project’s generation capacity will reach 240 MW.
Read moreBrazil delays completion of the 1.2 GW Angra III nuclear project to 2027
27 May 2020Brazil’s national nuclear company Eletronuclear has delayed the completion of its 1,245 MW Angra III nuclear plant project from 2026 to 2027, due to the coronavirus epidemic. The group aims to select a partner by 2023 to help complete and operate the nuclear project. In October 2019, China’s National Nuclear Corporation (CNNC), EDF (France) and Rosatom (Russia) were selected as a potential partner to complete and operate its nuclear project. The preferred partner will have to invest in the completion of Angra III, which requires BRL15bn (US$3.7bn).
Read moreThe 20 Mt/year Alaska LNG project receives federal approval (US)
27 May 2020The US Federal Energy Regulatory Commission (FERC) has authorised the 20 Mt/year Alaska LNG project to liquefy gas and export it. The project is developed by Alaska Gasoline Development Corporation (AGDC), which signed an agreement with BP and ExxonMobil to move ahead with the US$43bn project in March 2019.
Read moreNSW (Australia) grants final approval to 2 GW Snowy 2.0 hydro project
27 May 2020The government of New South Wales (NSW, in south-east Australia) has given the final approval to the 2,000 MW Snowy 2.0 expansion project, which will consist of a 2,000 MW pumped-storage hydropower plant with six 333 MW units, to be built at the existing Snowy Scheme (also known as Snowy Mountains scheme), a hydropower complex consisting of nine power stations with a combined capacity of nearly 4,100 MW.
Read moreThe UK high court confirms approval of Drax’s 3.6 GW CCGT project
27 May 2020The High Court of Justice of the United Kingdom (UK) has ruled legal the UK’s government approval of the 3,600 MW Drax CCGT power project in Selby, North Yorkshire (United Kingdom) in October 2019. Drax announced plans to build the project in 2017 but the final investment decision (FID) on the project has not yet been reached. It would consist of two 1,800 MW units and could potentially add two 100 MW battery energy storage systems (BESS).
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