December 11 Energy News

December 11, 2017

Opinion:

¶ “Canada Is Ready To Be a Global Environmental Leader Using Blockchain” • Blockchain technology could not have arrived at a better time. It can enable developing nations to leapfrog developed nations and with the recent quickly falling prices in solar and wind power, a future of renewable power grids is coming fast. [Coinsquare Discover]

Moraine Lake

¶ “ITER fusion project lies about the dates, budget and power levels” • The expected cost of the nuclear fusion project risen from $5 billion to $20 billion. The timeline for operation at full power was moved from 2016 to 2027. But it looks like they will not even be able to complete the deuterium and tritium experiments by 2035. [Next Big Future]

¶ “Footing The $9 Trillion Renewable Bill” • Bloomberg New Energy Finance estimated that zero-carbon power generation is expected to attract $9 trillion of investment from now to 2040. Who will foot the bill? Basically, the money is out there, it just needs to be realigned to the demand for investment in renewable energy. [OilPrice.com]

Renewable energy

World:

¶ Solar & Benefit, a Bulgarian renewable power developer, signed a memorandum of understanding to expand solar PV systems in the Iranian city of Jahrom. The company intends to develop power projects in Iran with a total output capacity of 400 MW in collaboration with Grass Group, a German solar energy EPC contractor. [Financial Tribune]

¶ Construction on Australia’s first utility-scale wind, solar, and energy storage hybrid project to be connected to the national grid is about to start near the town of Hughenden, in northwest Queensland. The A$160 million ($120 million) park includes 43 MW of wind, 15 MW of solar on single-axis trackers, and two lithium-ion batteries. [PV-Tech]

Kennedy Energy Park (Winlab image)

¶ A call to action, signed by some of the world’s most prominent economists, urges wealth fund managers, professional financiers, and all investors to stop investing in businesses that extract, process, distribute, manufacture, and sell fossil fuel products, including any form of oil, gas, or coal, to generate power. [Sputnik International]

¶ Power company Top Energy, in New Zealand’s Far North district, has let the contracts for the expansion of its Ngawha geothermal power plant. It has awarded the Ngawha drilling contract to Iceland Drilling. The project worth $176 million will almost double the capacity of the 28-MW station near Kaikohe. [Radio New Zealand]

Ngawha power plant (Photo: Top Energy)

¶ Clean energy, including nuclear power and renewable energy, is expected to exceed coal in China’s electricity generating capacity in about ten years, a senior official in the National Energy Administration said. China’s installed capacity of clean energy has reached 660 GW, while installed thermal power capacity stood at 900 GW. [China.org.cn]

¶ More than 8 in 10 South Australians want increased SA solar farm investment, according to a survey by the Sunday Mail. And 64% say solar panel installation should be compulsory on newly constructed homes. Around 62.5% of participants also want more wind farms, the survey shows. More than 4,000 people took part in the study. [Energy Matters]

Solar Farm

¶ A unit of China Three Gorges Corp. is building a ¥1 billion (£113 million, $150 million) floating solar power plant, the world’s biggest, in the nation’s eastern province of Anhui. China Three Gorges New Energy started building the 150-MW project in July. The entire facility is expected to come online by May 2018. [The Independent]

¶ The One Planet Summit currently taking place in Paris is bringing together the President of France, the President of the World Bank Group, and the UN Secretary-General, and many other leaders. It aims to mobilize new announcements of bold projects and substantial financial commitments to combat climate change. [UN Environment]

Sunrise (Pixabay image)

¶ Australia’s emissions over the past year were the highest on record, when relatively unreliable emissions from land use are excluded, according to estimates by the carbon consultancy NDEVR Environmental. The Climate Council called on the government to end what it called “climate censorship,” because it has failed release data. [The Guardian]

US:

¶ Missouri’s utility regulators are reviewing outdated rules on customer-owned solar power and other distributed energy sources. Commissions have been playing catch-up in other states, and the experience of two of them shows there is no guarantee the resulting policies are more favorable for renewable power. [Midwest Energy News]

Rooftop solar

¶ Months after putting the project on hold, the backers of the Vermont Green Line have pulled the plug on their proposal for a power cable under Lake Champlain. The estimated $650 million project ran afoul of concerns that Vermont’s grid wasn’t prepared to handle the quantity of electricity the cable was slated to carry. [vtdigger.org]

¶ The US  DOE approved Georgia Power’s new agreement with Toshiba to complete the $3.2 billion in payments for the $19-billion Vogtle nuclear expansion project. Of the total parent guarantees, Georgia Power will receive about $1.4 billion. Toshiba is the parent company of Westinghouse Electric, the project’s bankrupt contractor. [Energy Business Review]

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