Weekly HEG Global Energy Digest
EU averted about “lost decade” for renewables due to declining costs
The cost of generating electricity from renewable energies is on the path to attain new lows on the globe, according to projections by the International Renewable Energy Association (IRENA).
Since 2010, the costs of electricity production from onshore wind have decreased by approximately a quarter, with solar photovoltaic (PV) power costs falling by 73% in that time.
According to estimations, by 2019, the best onshore wind and solar PV projects will be offering electricity for an equivalent of $3 cents/kWh, less from a current average of $6-10 cents respectively. The costs for power generation from fossil fuels are at $5-17 cents/kWh, making green energies more competitive than ever.
Some analysts think the 27% target is in fact a “lost decade” for green energy expansion in Europe.
Claude Turmes, a Green MEP from Luxembourg, who is sharing the Parliament’s position on a proposed EU regulation on the management of the Energy Union, declared: ”Basically what Europe is doing is organising a lost decade.”
WindEurope considers that to keep the European renewable industry competitive it is important to raise the EU’s 2030 renewables target to 35%. Another thing to do is maintaining continues progression for new renewables deployment in the 2020s.
Renewables have recently reached a number records in Europe, generating more power than fossil fuels in the UK in 2017, for the first time covering 100% of Germany electricity consumption, and wind power offering 43% of Denmark’s total energy in 2017.
Article Source: http://www.energymarketprice.com/energy-news/poland-reached-record-gas-exports-to-ukraine
Poland reached record gas exports to Ukraine
According to Polish oil and gas firm PGNiG, Poland’s natural gas deliveries to Ukraine doubled in 2017 to reach over 700 million cubic meters.
From August 2016 until December 2017, Polish Oil and Gas firm has provided over 1 billion cubic meters of natural gas to the Ukrainian market.
Maciej Wozniak, Vice-President of PGNiG declared: “The portfolio of gas in our offer is well diversified: it comes from our domestic production in Poland and from various import directions. In the first three quarters of 2017, 12 percent of our total import came via the LNG terminal in Swinoujscie mainly from Qatar, Norway and the U.S.”
The energy company is not likely to import natural gas from Russia after 2022, or the expiration date of the existing long-term agreement with the Russian supplier Gazprom. The Polish firm is looking for gas supply alternatives at competitive prices.
The Polish energy giant began gas delivery to Ukraine in August 2016 through a direct interconnector, while in October 2017 the company inked accords with the Ukrainian gas system operator Ukrtransgaz for gas storage and transmission pipeline capacities in Ukraine.
Article Source: http://www.energymarketprice.com/energy-news/gas-exports-to-europe-via-norway-pipeline-hit-a-record-high-in-2017
ORE Catapult is looking for partner for offshore innovation center
The Offshore Renewable Energy (ORE) Catapult is looking for a collaboration with a UK university to create a new research hub. The projected center would combine academic and industry skills to hasten electrical infrastructure research and expansion activities linked to offshore green energy technologies.
Last year, ORE Catapult and the University of Bristol successfully established Wind Blade Research Hub. Now it is looking forward to open an Electrical Infrastructures Hub that will attract a five-year funding estimated at £700,000 from ORE Catapult.
It will be instituted with the aim to develop component reliability and availability, system optimization and smart energy and storage solutions.
Paul McKeever, ORE Catapult’s Head of Strategic Research, affirmed: “With the cost of offshore wind turbine technology tumbling, it is important to maximise these benefits by also considering the wider electrical infrastructure solution. How we convert, transmit and store energy from our offshore renewable assets in an effective and reliable manner is one of the biggest challenges that lie ahead.”
Article Source: http://www.energymarketprice.com/energy-news/canada-invests-?41-9-million-in-british-solar
EBRD backs France’s Urbasolar plant in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) is backing French energy firm’s Urbasolar SAS in its intention to construct a solar power plant in Kazakhstan.
An equivalent of US$8.8 million loan in local currency Kazakh tenge, will be offered by the bank, while the Clean Technology Fund will lend up to $3.9 million for the solar facility in the South Kazakhstan region, close to the city of Shymkent.
The new Zadarya solar unit will increase solar capacity to Kazakhstan’s energy mix by 14 megawatts (MW), totaling the overall amount of existing and scheduled renewable energy to 365 MW.
Under the financial terms of project, the EBRD encourages all large-scale green energy projects in Kazakhstan.
The solar park project will be put on track by a purpose company called Kaz Green Tek Solar LLP, a subsidiary in Kazakhstan majority owned by Urbasolar.
Thus far, the European Bank for Reconstruction and Development has injected over $8.7 billion in Kazakhstan’s economy.
Article Source: http://www.energymarketprice.com/energy-news/finnish-clean-energy-company-will-provide-a-wave-park-in-bali