Energy union tour reaches Budapest as market prepares for proposals – Natural Gas Daily – Interfax Global Energy

June 17, 2015 // 0 Comments

MaroŠ Šefcovic’s energy union tour reached Budapest on Tuesday, with the European Commission’s vice president for the project attempting to rally support for a range of new proposals that would bind the 28 EU market areas together and ease security of supply fears.“New member states are still thinking of big projects and big capacities, but we don’t always think of what we already have in stock and what we can possibly save,” Šefcovic said on Tuesday at the EU building deep in [...]

EU on track to meeting 20% renewable energy target – European Commission

June 17, 2015 // 0 Comments

The EU reports that their member states are well on the way to meeting the EU’s target for 20% renewable energy in the overall energy supply by 2020. Presented on 16 June, the European Commission’s renewable energy progress report reveals that 25 EU countries are expected to meet their 2013/2014 interim renewable energy targets. In 2014, the projected share of renewable energy in the gross final energy consumption is 15.3%. Source: EU on track to meeting 20% renewable energy target [...]

Summer Reception: EEX discusses the progress of market design with political representatives in Berlin – Parliamentary evening for the further implementation of the energy turnaround

June 17, 2015 // 0 Comments

Furthermore, Peter Reitz highlighted the contribution which the energy exchange makes to the success of the energy turnaround. “The market participants need products offering them even more flexible hedging against price risks. We have presented a concept on this and will launch so-called “energy turnaround products” this year. The Cap Futures, which the trading participants can use on the Derivatives Market to hedge against price peaks on the Intraday Market, form the starting point for [...]

European power is slipping away from King Coal | News | Eco-Business | Asia Pacific

June 17, 2015 // 0 Comments

Coal, the muscle that for two centuries powered Europe’s economic dominance of the world, is steadily losing its grip as cleaner fuels take its place and energy efficiency cuts electricity consumption, according to new analysis.The European Union’s electricity demand fell by 3.3 per cent from 2008 to 2013 − even though GDP grew by 4.1 per cent − and the analysts say changing market conditions for utilities leaves new coal plants failing to generate positive cash-flows even in the [...]

Power Distribution in Europe – Facts & Figures

June 16, 2015 // 0 Comments

http://www.eurelectric.org/ reports facts & figures on their website about the European DSO landscape: Around 98-99% of European network customers are connected to the distribution grid. In contrast to their transmission ‘highway’ counterparts, distribution networks are made up of the smaller roads and paths that deliver electricity to its ultimate point of consumption: Europe’s households and businesses. They are linked to transmission systems by around 10,700 interconnection points. [...]

Report: Driven by carbon, reliability rules, energy service companies poised for growth | Utility Dive

June 15, 2015 // 0 Comments

The market for energy service companies (ESCOs) will reach $11.5 billion in 2024, up from $6.3 billion this year, according to analysis from Navigant.The growth is being driven by the demand for energy efficiency retrofits and building improvements, as customers are forced to comply with new carbon policies and reliability standards.The largest energy service companies are also expected to find opportunities in Europe, where the market has traditionally lagged. Source: Report: Driven by [...]

China To Build 50MW Solar Power Plant In Kenya Amid Investment Boom

June 15, 2015 // 0 Comments

China is set to construct a solar power plant in Kenya as part of an ongoing investment plan between the two countries, media reports said Sunday. The 50-megawatt plant, which is planned to be built in the city of Garissa, will be financed by the Export-Import Bank of China, reports said, citing China’s ambassador to Kenya, Liu Xianfa. Source: China To Build 50MW Solar Power Plant In Kenya Amid Investment [...]

POWER, PEOPLE, PLANET

June 15, 2015 // 0 Comments

For Sub-Saharan Africa, 2015 is a turning point. The summits on sustainable development, financing and climate change are swinging the spotlight not only onto Africa’s needs to accelerate development and adapt to global warming, but also onto the region’s urgent energy crisis. Two in three Africans lack access to electricity. [...]

US solar PV grows 1.3 GW in Q1, installed cost drops 10% | Utility Dive

June 12, 2015 // 0 Comments

U.S. residential solar photovoltaic (PV) installed capacity grew by 437 MW in Q1 2015, a 76% increase over Q1 2014, according to the “Q1 U.S. Solar Market Insight report” from GTM Research and the Solar Energy Industries Association. The average residential installed cost was $3.48 per watt, 10% below Q1 2014’s installed cost. Source: US solar PV grows 1.3 GW in Q1, installed cost drops 10% | Utility [...]

Storage update: Inside the sector’s hot Q1 and what’s next for utilities & suppliers | Utility Dive

June 12, 2015 // 0 Comments

First quarter numbers are often unimpressive because companies tend to put more effort into planning than building in the first three months of the year. But the U.S. deployed 5.8 MW of storage in Q1 2015, 16% more than Q1 2014. Utility-scale, in-front-of-the-meter storage, the sector’s biggest component, added 4.2 MW in six projects. Behind-the-meter (BTM) storage had its biggest Q1 ever, with 1.6 MW of capacity installed, a jump of 132% from Q1 2014. Source: Storage update: Inside the [...]
1 2 3 6