Weekly HEG Global Energy Digest

Nuclear:

First floating nuclear plant in the world to be tested in June

The world’s first floating nuclear power plant (FNPP) will be conveyed to Russia’s far northwest port city of Murmansk for loading of the nuclear fuel. The evaluation of the site is scheduled in June 2018.

According to the country’s far east autonomous region authorities of Chukotka, the “Akademik Lomonosov” FNPP will deliver power to Russia’s northernmost town of Pevek after reaching at the port of the town in June 2019. The FNPP which is designed to operate for about forty years, is financed by Rosenergoatom Concern JSC, a subsidiary of state nuclear corporation Rosatom.
The plant will replace the retiring Bilibinskaya Nuclear Power facility, which is now producing up to 80 percent of electric energy in the isolated Chaun-Bilibinskaya grid.
The building of the Akademik Lomonosov FNPP was a proposal made by the special “Far East section” of the state program Development of the Nuclear Power and Industry Complex.
The total number of employees expected for the operation of site will be 305 people, while housing, health and educational facilities will be directed to deliver services for the staff.
On January the 9th, Russian Building Standards Watchdog, Glavgosexpertiza, made known its approval to construct the facility.

Article Source: http://www.energymarketprice.com/energy-news/poland-reached-record-gas-exports-to-ukraine

Renewable:

UK: The share of low carbon power reached a record peak in 2017

In the third quarter (Q3) of 2017, the share of energy generated by low carbon electric energy sources in Great Britain, registered an unprecedented 54.4% raise.

New government data reveals the production volume hiked from 50.2% the same period the year before, due to increased generation from green energy sources.
The share of electricity generation from clean energy was around 33% in the third quarter of 2017, up by 4.6% compared with the previous year.

The overall amount of power generated decreased by 2.2% from 76.1TWh to 74.4TWh as gas and coal declined by 4.5% to a record low share of 42%. Nuclear energy remained a crucial component in energy production with a 24.4% share, or a slight drop from last year.

During the third quarter of 2017, the final consumption of electricity was 68.1TWh, or a 1.9% decline compared with the same period the year before.

Renewables are likely to become more affordable than fossil fuels by 2020.

Article Source: http://www.energymarketprice.com/energy-news/gas-exports-to-europe-via-norway-pipeline-hit-a-record-high-in-2017

Energy Market:

EU decided to invest €873 million in energy infrastructure

The EU has decided to invest €873 million (£764.7million) in energy infrastructure projects.

The main target is to renew and extend power lines and gas pipes, with the aim to deliver more affordable and safer energy to consumers all over the continent. 17 chosen projects will be covered by the funding offered by Connecting Europe Facility (CEF).
The eight projects in the electricity sector will obtain a support of €680 million (£595 million), while nine projects in the gas sector will get €193 million (£169million). Construction works will be necessary for four of them, while 13 will concentrate on studies and research.
A huge funding of €578 million (£505 million) will be pivotal in the construction process of of Biscay Gulf France-Spain interconnection. This new link is predicted to almost double the interconnection capacity between both states, enhancing it from 2,800MW to 5,000MW.
Commissioner for Climate Action and Energy Miguel Arias Cañete declared: “Only a fully interconnected market will improve Europe’s security of supply, reducing the dependence of single suppliers and giving consumers more choice. An energy infrastructure which is fit for purpose is also essential for renewable energy sources to thrive and for delivering on the Paris Agreement on climate change.”

Article Source: http://www.energymarketprice.com/energy-news/canada-invests-?41-9-million-in-british-solar

Wind :

Wind to exceed hydropower in US energy mix

According to the latest report from the Energy Information Administration (EIA), wind power is expected to surpass hydroelectricity as the biggest green energy production source in the US.

The study reveals that few new hydro plants are likely to come online in the following two years. It mentions that its forecast is mainly based on water runoff estimations.
The 2017 was a relatively wet year and hydro power offered 7.4% of total utility-scale production. It is likely to reach 6.5% this year and 6.6% next year.

 

An important capacity of wind should come online this year and in 2019, is likely to raise by 8.3GW and 8GW respectively.
An augmentation of 9% of utility-scale wind capacity by the end of 2018 and another 8% by 2019 can take place if the new generating units would be put on track according to the plan.
EIA estimates that wind will provide 6.9% of the overall power production in 2019.

Article Source: http://www.energymarketprice.com/energy-news/finnish-clean-energy-company-will-provide-a-wave-park-in-bali

Read More

Back to News