Bouygues wins €100 million contract to modernize CHP near Leipzig
Kraftanlagen, the German subsidiary of Bouygues Construction, has been awarded a €100 contract to modernize and extend a combined heat… The upgrade will turn InfraLeuna’s existing power plant into a...
View ArticleCoal finance further restricted as demand falters
Banks accelerate their exit from coal financing as the credit appeal of mining and coal power plants deteriorates amid faltering… The rate of significant banks, insurers and asset managers/owners...
View ArticleGECOL proposes 2,000 MW power project at landfill site near Tripoli
The General Electricity Company of Libya (GECOL) has urged authorities to consider a new power plant of up to 2,000… Large amounts of landfill gas can be collected as a fuel for waste-to-energy...
View ArticlePowering the Libyan recovery
Building a prosperous country out of the ruins is not an overnight affair, especially in Libya, where infrastructure suffered from… With a population of six million, Libya sits on 48 billion barrels of...
View ArticleAzito power plant extension project attracts MIGA guarantees
Multilateral Investment Guarantee Agency (MIGA) has issued guarantees worth $74.6 million to Globaleq for its equity investment in Phase-4 expansion… MIGA provides political risk insurance for energy...
View ArticleOil prices plunge 16%, dragging down prices of natural gas
West Texas Intermediate (WTI), the U.S. benchmark oil price, has shed 16.12% in early trading today, extending Monday’s losses of… WTI front-month June was last seen trading at $10.20/bbl, while the...
View ArticleMHPS achieves top market share for FGD systems
Mitsubishi Hitachi Power Systems has achieved a market share of 37.2% for flue gas desulfurization (FGD) by delivering systems with… By consolidating power plant technologies of Mitsubishi Heavy...
View ArticleKawasaki HI orders MAN dual-fuel engines for Japanese power plant
Kawasaki Heavy Industries has commissioned MAN Energy Solutions to supply two 12V51/60 dual-fuel engines for the Miyako Island power plant,… Capable to run on dieses and natural gas, the 12V51/60...
View ArticleGermany counts on green hydrogen in quest for zero emissions
Aspiring to become climate-neutral by 2050, the German government is supporting clean hydrogen technologies both at home and as a… As Berlin is handing out generous stimulus packages to revive the...
View ArticleWärtsilä delivers 70 MW energy storage system in California
Wärtsilä is finalising a 70 MW energy storage system project in the California Independent System Operator (CAISO) energy market. The system… Project finance is purely based on market consideration....
View ArticlePandemic may cause up over 17 Bcm of lost gas demand across Europe
As lockdowns are gradually eased in Europe, gas demand stages a cautious recovery. If current restrictions persist for three months,… Prior to the pandemic, analysts had forecast gas demand of 371 bcm...
View ArticleBattery storage cheaper than gas peaking plants in China and Japan
Falling technology costs for battery storage systems, down half over the last two years, have made batteries the cheapest new-build… In energy-hungry China, new-build solar PV projects are almost on...
View ArticleIEA sees global energy plunge 6% in 2020 in biggest shock since WW2
The International Energy Agency (IEA) forecast global energy demand will fall 6% this year – seven times the decline after… China was the first to implement containment measures, in mid-January, and...
View ArticleEuropean power prices unlikely to recover until 2025
Electricity use in Europe increased for the first time in eight weeks as lockdowns are lifted, Entso-E data shows, but… A mild Covid-19 scenario could see power prices recover already by 2022, while a...
View ArticleTC Energy sells three power plants in Ontario to Atura for $3.8 billion
TC Energy Corp has sold its interests in three Ontario gas-fired power plants to Atura Power, part of Ontario Power… All three power plants are run in combined-cycle operations. Completing the sale...
View ArticleBattery raw materials could face supply crunch by mid-2020
Electrification of transport has propelled up demand for batteries, increasing the risk that battery metals – cobalt, lithium, and nickel… Total passenger electric vehicle (EV) car sales, including...
View ArticleFuture-proofing your mature gas turbine power plant
Utilities, particularly in China and Europe, are retrofitting their gas turbines with combustor enhancements to make assets more cost-effective. To support… Combustor enhancements can significantly...
View ArticleWilliams places Phase-2 of Hillabee pipeline expansion in service
U.S. pipeline operator Williams has placed in service Phase II of the Hillabee project, an important Transco expansion that brings… By maximizing the use of the existing Transco transmission corridor...
View ArticleRental power market expands by $1.5 billion through 2024
The rental market for mobile power gen equipment is seen grow at a 6% annual rate, expanding by $1.5 billion… Emerging markets tend to allocate state funding for emergency power units, often powered by...
View ArticleTesla applies to sell electricity in the UK
U.S. electric carmaker Tesla has applied to the British energy regulator Ofgem to sell electricity in the UK. The purpose… Having built a substantial battery business in recent years, Tesla is seeking...
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