August 11 Energy News

August 11, 2015

World:

¶ Abengoa and Toshiba Corporation have been picked to build the Tees Renewable Energy Plant, a 299-MW CHP project to be sited in Teeside, UK. The project will have a capacity of 299 MW from electricity and steam to be used in combustion and exported to nearby industrial facilities and consumers. The engineering, design, and construction contract is worth over €600 million. [reNews]

Image: an Indiana-based biogas plant (Abengoa)

Image: an Indiana-based biogas plant (Abengoa)

¶ Kyushu Electric Power has restarted the first nuclear reactor to operated under new Japanese safety rules following the 2011 Fukushima Disaster. All Japan’s nuclear plants were gradually shut down after a series of meltdowns at the Fukushima plant sparked by the tsunami and earthquake. But after passing stringent new safety tests the Sendai plant restarted on Tuesday morning. [BBC]

¶ Australia plans to cut greenhouse gas emissions by 26% to 28% from 2005 levels by 2030, PM Tony Abbott says. It is less than cuts pledged by countries such as Canada and the US. Australia’s previous target was to cut emissions by 5% by 2020, based on emissions in 2000. Australia is still largely powered by carbon-polluting coal and is one of the world’s biggest coal exporters. [BBC]

¶ AGL Energy, which has committed to stop generating electricity from coal by 2050, called for bipartisan support for a national carbon budget designed to limit global temperature increase to within 2°C. Investors said the targets fail to provide certainty for the sector because they don’t put Australia on a path to limiting global warming to 2°C. [The Australian Financial Review]

¶ Iran’s deal on its nuclear program means it can sell fossil fuels. It may be the world’s third largest gas producer, but it faces several challenges in exporting the its most abundant commodity to Europe. These include a looming oversupply; growing competition from other producer countries; demand weakness in the continent; and infrastructure troubles at home. [Financial Times]

¶ The recent turmoil in China’s stock market has sent shockwaves through the country’s corporate sector, including its mighty solar power industry which in recent years has grown to dominate the world market. Seven out of the world’s top ten manufacturers of solar panels are China-based companies, together providing about 40 per cent of global solar supplies. [eco-business.com]

¶ Thai renewable energy company Impact Energy Asia Company Limited will develop a 600-MW Monsoon wind farm power project in southern Laos under an agreement signed with the Lao government. The wind farm will be located near the Mekong River across from Ubon Ratchathani. The developer is a project company of Impact Electrons Siam Company Limited. [SeeNews Renewables]

US:

¶ Could the United States be on the verge of a wind energy renaissance? It’s quite possible, now more than ever before. According to a new report produced by Lawrence Berkeley National Laboratory and funded by the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy, the price of wind energy in the United States is at an all-time low. [Energy Digital]

Competitive wind energy prices could help the U.S. increase interest in renewables.

Competitive wind energy prices could help the U.S. increase interest in renewables.

¶ The price of gasoline in some parts of the US could go below $2 per gallon by fall, according to some analysts. The price of crude oil is being pushed lower by concerns about a slowdown in Chinese economic growth, strong oil output from North America and the Middle East, as well as the tentative nuclear deal with Iran, which could bring more of that country’s oil to the market. [CNN]

¶ SNL Energy compared projections of what each state’s emissions rate would have been in 2020 without the Clean Power Plan with its goal in 2030 under the new rule. The analysis found that Pennsylvania will have to cut its emissions rate by 26% from where business-as-usual behavior would put the commonwealth in 2020 in order to meet the EPA plan’s target. [Pittsburgh Post-Gazette]

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