The European Commission and Georgia have launched negotiations for Georgia's accession to the Energy Community. The negotiations in Tbilisi were held on 20 February in the presence of Energy Commissioner GĂĽnther Oettinger, for the European Commission and Prime Minister Irakli Garibashvili, Vice-Prime Minister as well as Minister of Energy Kakha Kaladze, for Georgia. By becoming Member of the Energy Community and implementing EU energy legislation … [Read more...]
WWF: Groundbreaking analysis shows China’s renewable energy future within reach
By embracing conservation measures and renewable energy, China can transition to an 80 percent renewable electric power system by 2050 at far less cost than continuing to rely on coal, according to a new report from WWF-US. As a result, China’s carbon emissions from power generation could be 90 percent less than currently projected levels in 2050 without compromising the reliability of the electric grid or slowing economic growth. The … [Read more...]
World Energy Council: Price volatility greater concern than climate change framework
High energy price volatility has for the first time replaced global climate framework as the number-one critical uncertainty driving the world energy agenda, according to the 2014 World Energy Issues Monitor, released on Tuesday 18 February by the World Energy Council (WEC). Global climate framework uncertainty,while still is akeyuncertainty, is now perceived by energy leaders to have less impact than in the previous three years of the study. … [Read more...]
Fennovoima’s Environmental Impact Assessment Report completed
Fennovoima Ltd has today on February 13th, submitted its Environmental Impact Assessment (EIA) Report to the Ministry of Employment and the Economy (coordinating authority) in Finland. The report contains an assessment of the environmental impacts of the 1200 MW nuclear power plant at Pyhäjoki site. Fennovoima and Rusatom Overseas signed a plant supply contract of a pressurized water reactor AES-2006 in December 2013. The EIA report has been … [Read more...]
Why utilities should embrace electric cars
Navigant Research has recently published an interesting article by Scott Shepard on what the growth of electric vehicles in the US means for utiltiies. Shepard concludes that they represent more opportunities to utilities than problems. Schepard notes that "according to the Energy Information Administration’s latest Residential Energy Consumption Survey (RECS), the average U.S. household consumed 11,321 kilowatt-hours (kWh) of electricity in … [Read more...]
Cost of “zero carbon building” drops by half in UK
New analysis produced by Sweett Group for the Zero Carbon Hub, a non-profit association in the UK, shows that “the additional costs associated with building to the proposed Zero Carbon Standard in the UK have declined significantly since 2011, and are expected to continue to fall as we approach 2020.” In a press release the Zero Carbon Hub states that the key findings of the new research are that: At today’s prices, the typical additional … [Read more...]
Ukraine turns to EU in energy
The Minister of Energy and Coal Industry of Ukraine Eduard Stavytskyi and Director of the Energy Community Secretariat Janez KopaÄŤ have signed a Memorandum of Understanding on “Establishing an Implementation Partnership between the Ministry of Energy and Coal Industry of Ukraine and the Secretariat of the Energy Community”. By signing the Memorandum, “Ukraine confirms its commitment to transpose into its national legal framework and fully … [Read more...]
EU delivers scathing verdict on UK for state aid to new Hinkley C nuclear reactors
The European Commission (EC) has delivered what can only be called a scathing initial verdict on the UK Government’s deal with French state owned EDF to build the first new nuclear reactors in the UK for a generation, according to a blog post from Greenpeace UK. The Commission announced on 18 December that it would investigate the proposed deal. It has now published a 70-page initial analysis on its website, which suggests that, as Greenpeace … [Read more...]
Wind power will keep growing despite poor infrastructure
With wind power technology gaining increased popularity and institutional support from across the world, the wind turbine towers market is expected to increase from $12.1 billion in 2013 to $19.3 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 6.9%, says a new report from research and consulting firm GlobalData. According to the company’s report*, China had the largest amount of wind turbine towers installed in 2013, reaching a … [Read more...]
European Parliament votes for three targets, calls Commission short-sighted
MEPs called on Wednesday for a 40% cut in CO2 emissions, a 30% target for renewable energy and a 40% target for energy efficiency by 2030, under the EU's new long-term climate-change policy. These targets should be binding, they say. MEPs also criticised the European Commission's recent proposals as short-sighted and unambitious. Parliament calls on the Commission and EU countries, in its resolution adopted on Wednesday by 341 votes to 263, … [Read more...]
European power markets coupled from Finland to France
In a "landmark move for the future of Europe’s power markets", the four Power Exchanges and 13 Transmission System Operators (TSOs) in the North-Western Europe (NWE) day-ahead price coupling project have today successfully launched NWE Price Coupling. For the first time, the NWE region, stretching from France to Finland, operates under a common day-ahead power price calculation using the Price Coupling of Regions (PCR) solution. The same solution … [Read more...]
How to integrate PV into the grid
The Europe-wide PV GRID consortium has released a consultation document containing key recommendations for the adoption of technical solutions to ease the integration of photovoltaics (PV) into the distribution grid. Over the next three months, fifteen national workshops will take place throughout Europe presenting and discussing the project's findings. Since May 2012, the PV GRID project consortium has been working on identifying and … [Read more...]
Changing landscapes not global warming to blame for increased flood risk
Major flood events occur around the world every year, but with international loss databases documenting increased incidents of flooding, more material loss and greater fatality rates, are these events on the increase, and are they getting worse? A new study published in Hydrological Sciences Journal examines the key reasons for increasing frequency and severity of floods; considering whether this is due to improved reporting by the media, an … [Read more...]
M&A activity in renewables keeps growing
M&A activity in the global power and renewables sectors is expected to pick up this year, after the value of deals fell by 10 percent in 2013, according to a new research report from PriceWaterhouseCoopers. Total worldwide power and renewables 2013 deal value was down 10% year on year, reported PWC. But the Asia Pacific region and the renewables sector bucked the trend. Renewables deal value rose 25% the value of Asia Pacific deals was up … [Read more...]
Water shortages slow energy production worldwide
The World Bank has launched a new initiative that will help developing countries better plan and manage scaling-up energy capacity to meet rising demand, in tandem with water resource management. Producing energy requires a lot of water. Yet, the availability of and access to water is negatively impacting energy production around the world. Last year alone, water shortages shut down thermal power plants in India, decreased energy production … [Read more...]
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