Latest Energy News
Policy & Regulatory
Dubai (UAE) restricts net metering scheme for solar PV
28 May 2020The Dubai Electricity and Water Authority (DEWA, United Arab Emirates) has decided to withdraw ground-mounted solar PV projects from the Shams Dubai net metering regime and to cap the capacity of rooftop solar installations at 2,080 kW.
Read moreBrazil approves US$2.9bn financial support to power distribution companies
28 May 2020The Brazilian government has approved a BRL15.6bn (US$2.9bn) loan to support the Brazilian power sector, in the context of the COVID-19 pandemic. The loan will come from public and private banks and will be coordinated by the National Bank for Economic and Social Development (BNDES). The loan payment will start in 2021 and will be completed at the end of 2025; it will be repaid thanks to an extra charge on electricity bills that will be introduced in 2021.
Read moreSlovenia targets decision on second nuclear reactor by 2027
28 May 2020The Ministry of Infrastructure of Slovenia plans to make a decision on the construction of a second nuclear reactor at the Krško nuclear power plant by 2027 at the latest. The existing 688 MW Krško reactor, which is equally owned by state-owned companies from Slovenia (Gen Energija) and Croatia (HEP), covers about a third of Slovenian electricity needs (35% in 2018).
Read moreGermany 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 moreForecasts
India expects to reach 70 GW of hydropower capacity by 2030
28 May 2020According to the Ministry of New and Renewable Energy (MNRE) of India, the hydropower capacity in the country is expected to reach 70,000 MW by 2030. At the end of 2019, the total hydropower capacity stood at over 50 GW – including 45.4 GW of large hydropower capacity (above 10 MW) – and more than 12.7 GW are currently under construction, with another 8 GW expected to start construction before the end of the year.
Read moreInfrastructure & Investments
MOL will deliver a FSRU for Uniper’s LNG import project in Germany
28 May 2020The German energy group Uniper, through its fully-owned subsidiary LNG Terminal Wilhelmshaven (LTW), has signed a contract with Mitsui O.S.K. Lines (MOL) to build and charter a Floating Storage and Regasification Unit (FSRU) for the proposed Wilhelmshaven LNG import terminal project in northern Germany. The 10 bcm/year FSRU would be built by DSME in South Korea and would be moored in the deep-sea port of Wilhelmshaven. Uniper plans to launch a binding open-season in the summer 2020 to assess the interest of potential customers.
Read moreSGRE will supply turbines for Dominion’s 2.6 GW offshore wind project (US)
28 May 2020Dominion Energy has confirmed a conditional order for Siemens Gamesa Renewable Energy’s (SGRE’s) 14 MW offshore wind turbines for its 2,640 MW Coastal Virginia Offshore Wind (CVOW) project off the coast of Virginia in the United States. Dominion Energy had already selected SGRE as the preferred turbine supplier for the project in January 2020. The order is subject to some conditions, including final investment decision (FID), governmental permitting, and other required approvals, and the number of turbines to be deployed will depend on project site conditions.
Read moreTC Energy’s Coastal GasLink Pipeline project (Canada) secures US$1.5bn
28 May 2020The Canadian energy infrastructure group TC Energy has raised CAD2.1bn (US$1.5bn) for its Coastal GasLink Pipeline project in Canada, by completing the sale of a 65% stake in the gas pipeline project to private equity firms KKR and Alberta Investment Management Corporation (AIMCo), as agreed in December 2019, and by executing a credit agreement with a syndicate of banks that will finance the majority of the construction costs for the project.
Read moreSun Cable starts working on transmission line between Australia and Singapore
28 May 2020Singapore energy company Sun Cable has awarded a contract to Guardian Geomatics to conduct a route survey for a 3,800 km-long high voltage direct current (HVDC) cable between Darwin, in Northern Australia and Singapore. Project preparations will start in late May 2020 and the route survey will be initiated later in 2020. Sun Cable expects to reach financial close for the entire project by the end of 2023. Commercial operations are expected to start in 2027.
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