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The International Energy Agency (IEA) said in its World Energy Outlook 2023 report released on Tuesday that China is reaching an inflection point and its total energy demand is likely to peak around the middle of this decade. But the sheer scale of China's energy demand means that even though it's making vast strides to deploy renewables and electrify its vehicle fleet, it will still be consuming vast quantities of fossil fuels for decades to come. "In our scenarios, China's GDP growth averages just under 4% per year to 2030," the IEA said. "This results in its total energy demand peaking around the middle of this decade, with robust expansion of clean energy putting overall fossil fuel demand and emissions into decline." This means that from a climate change perspective, encouraging and supporting China's energy transition is probably the most meaningful goal that can be achieved.

Persons: it's, It's, Sam Holmes Organizations: International Energy Agency, Energy, IEA, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Europe

The International Energy Agency (IEA) report published this week revealed that a growing volume of renewable energy generation is being stalled as developers wait for projects to be connected to national electricity grids. Since the report's release on Monday, share prices of companies engaged in building electric grids, or with products and services tied to grid modernisation, have outperformed firms that are focused on renewable energy generation. The share prices of certain firms that hold these particular skill or product sets have seen signs of heightened buying interest this week since the IEA report was published, indicating that some investors may be already placing bets that grid specialist firms may be primed for growth going forward. Germany's E.ON (EONGn.DE), which has a major energy networks division, is up roughly 17% this year, LSEG data shows. Firms that develop smart meters and other grid management tools are also expected to see growth in demand for their services by power companies.

Persons: Lisi Niesner, Gavin Maguire, Muralikumar Organizations: REUTERS, International Energy Agency, IEA, FOCUS, Mastec Inc, U.S, Fluor Corp, Eaton Corporation, E.ON, Reuters, Thomson Locations: Weselitz, Germany, LITTLETON , Colorado, U.S, Ireland

☆ Clean energy fans should not expect too much from pro-EU Poland
▼ + stars: | 2023-10-17 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +7 min

Indeed, the pace of Poland's clean energy supply growth may more often undershoot expectations than exceed them over the near term, even with a significant swing in political power. POWER SYSTEM CHANGES ALREADY UNDERWAYA major reason for climate trackers to expect only modest shifts in clean energy policies and momentum going forward is that Poland's energy system has already substantially cleaned up its electricity generation mix in recent years. Between 2018 and 2022, Poland's electricity producers boosted clean electricity supply capacity by over 150% so that clean sources now account for roughly 40% of total electricity capacity, up from 20% in 2018, data from think tank Ember shows. BACKLOGS BREWINGEmerging problems linking new clean generation assets with Poland's electric grid are a key reason why clean power growth may slow going forward. Pushing power costs lower may even trump plans to further clean up the power generation system, which may only add to power generation costs over the near term despite resulting in lower emissions in the long run.

Persons: Donald Tusk, Donald Tusk's, Gavin Maguire, Sonali Paul Organizations: European Union Civic Coalition, European, Poland's Institute, Reuters, Thomson Locations: LITTLETON , Colorado, Poland, Germany, Ukraine, Europe, LSEG, Western Europe

☆ Check out the giant ship critical to building the world's biggest offshore wind farm
▼ + stars: | 2023-10-16 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +5 min

As wind turbines get bigger, the vessels that install them are having to change, too. VCG | Visual China Group | Getty ImagesA project to build a facility described as "the world's largest offshore wind farm" took a big step forward this month by producing its first power. The sea in the Dogger Bank Offshore Development Zone is up to 63 meters deep, meaning the Voltaire's ability to work in deeper waters is crucial. "Off the Scottish coast, for example, expensive floating windfarms are often the only way to tap into offshore wind," he said. Søren Lassen is head of offshore wind research at Wood Mackenzie, a research and consultancy group.

Persons: De Nul Group's, GE Vernova's, Voltaire —, De, —, Jan De Nul Group's Voltaire, Voltaire, Jan De Nul, Jan De Nul's Rutger Standaert, Standaert, Søren Lassen, Wood Mackenzie, Lassen, David L, Ryan, Wood Mackenzie's Lassen Organizations: Visual China, Getty, Dogger Bank Wind, GE, Dogger Bank, Dogger Bank Offshore Development, COSCO Shipping Shipyard, CNBC, Boston Globe, GE Offshore, Blades, U.S Locations: China, North, Golden, Dogger, U.S

Brazil boosted clean electricity generation capacity by more than 35% from 2017 to 2022Solar power accounted for 6.8% of Brazil's electricity generation in 2023, up from about 4.2% in 2022, according to Ember. But overall power generation in key European economies such as Germany remains well below peaks seen around 2018-19, as power generators face shortages of key power fuels such as natural gas in the wake of Russia's invasion of Ukraine. In turn, restricted power output has kept energy costs elevated above long-term averages, which curbed consumption from energy-intensive industries and hobbled overall economic growth. The fact that Brazil's power sector has managed to overcome those challenges to create a world-leading clean power sector may offer counterparts in other regions clues on how to maintain growth rates. Brazil's new position as the cleanest major power sector may also help challenge assumptions that clean power expertise is concentrated in wealthier economies, and may widen the perspective of power sector developers who are trying to map out energy system expansion plans over coming years.

Persons: Sao Jose da Barra, Paulo Whitaker, Ember, Gavin Maguire, Robert Birsel Organizations: REUTERS, HYDRO, National Electric Energy Agency, Reuters, Thomson Locations: Furnas, Sao Jose, Minas Gerais, Central Brazil, BRAZIL, LITTLETON , Colorado, Brazil, France, Argentina, America, Europe, Germany, Ukraine, Asia

☆ Ukraine heads into winter with a hobbled energy system
▼ + stars: | 2023-10-06 | by ( Olena Harmash | ) www.reuters.com time to read: +6 min

Ukraine declines to share detailed data on the impact of attacks on its energy system, treating it as sensitive information during wartime. Kyiv School of Economics' research centre estimated the direct damage to Ukraine's energy infrastructure at $8.8 billion as of June. Last winter, Ukraine was helped by relatively mild weather, rapid repairs, nuclear power and electricity imports from Europe, but some officials expect tougher conditions this time. Volodymyr Kudrytskyi, head of national grid operator Ukrenergo, said the main grid, one of the most damaged parts of the energy system, was ready to transmit winter volumes of electricity. "The energy system is not as reliable and with a smaller reserve capacity than it was before the targeted strikes," he said.

Persons: Marcus Lippold, It's, it's, Andriy Sadovy, Oleksandr Kharchenko, Dmytro Sakharuk, Sakharuk, DTEK, Denys Shmyhal, Shmyhal, Volodymyr Kudrytskyi, Oleksiy Chernyshov, Serhiy Sukhomlyn, Julia Payne, Mike Collett, White, Gareth Jones Organizations: United Nations, Kyiv School of Economics, Lviv, Energy Industry Research Center, Reuters, Ukraine's, Naftogaz, Thomson Locations: Ukraine, Russian, Brussels, Russia, Moscow, Europe, Zhytomyr, Kyiv

☆ Brookfield pounces on two new green trends
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 3 (Reuters Breakingviews) - European green assets are starting to look cheap. That’s the implication of Brookfield’s $1 billion swoop on Banks Renewables, one of the UK’s largest green energy developers. Having largely deployed a $15 billion energy transition-focused fund outside Europe, the Canadian investment giant’s new geographical focus is unlikely to be a one-off. Amid a green bubble in early 2021, when Orsted was worth $80 billion, Banks might have fetched way more. While Banks is big in onshore wind farms, the bulk of its 3.5 GW pipeline is focused on solar power and battery storage.

Persons: Orsted, Banks, George Hay, Aimee Donnellan, Oliver Taslic Organizations: Reuters, Banks Renewables, International Energy Agency, Brookfield, X, Temasek, Thomson Locations: Europe, Brookfield

☆ COP28 president says oil companies support 2050 net-zero goal
▼ + stars: | 2023-10-02 | by ( Maha El Dahan | ) www.reuters.com time to read: +2 min

Jaber, who is also head of United Arab Emirates oil giant ADNOC, has this year urged the energy industry to join the fight against climate change. He was a controversial pick to lead COP28, which begins next month, because his country is an OPEC member and a major oil exporter. "We need a system-wide holistic transformation of entire economies - economies that currently run on the equivalent of 250 million barrels of oil, gas, and coal every single day," Jaber said at an oil and gas conference in Abu Dhabi. The COP28 summit is scheduled to take place in Dubai between Nov. 30 and Dec. 12. Major oil and gas company chiefs held meetings with heavy industry bosses on Sunday in the UAE to discuss a decarbonization commitment ahead of COP28.

Persons: Sultan Al Jaber, ABU, Sultan al, Jaber, it's, Maha El Dahan, Yousef Saba, Alexander Cornwell, Nadine Awadalla, Louise Heavens, Bernadette Baum Organizations: Africa Climate Summit, United Nations, United, United Arab Emirates, Thomson Locations: UAE, Africa, Nairobi, Kenya, ABU DHABI, United Arab, OPEC, Abu Dhabi, Dubai, COP28

☆ India's Adani Group to build 10 GW solar manufacturing capacity by 2027 - ET
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit Dave/File Photo/File Photo Acquire Licensing RightsBENGALURU, Oct 2 (Reuters) - India's Adani Group plans to build 10 gigawatts (GW) of integrated solar manufacturing by 2027, more than double its current capacity, the Economic Times reported, citing news agency PTI. The conglomerate owned by Indian billionaire Gautam Adani produces solar photovoltaic cells or solar PVs through Adani Solar, with a manufacturing capacity of 4 GW. Adani Solar has confirmed orders worth over 3,000 megawatts (MW), the report said, citing sources. India's current annual solar panel manufacturing capacity of 32 GW per annum falls short of the required 52 GW.

Persons: Amit Dave, Gautam Adani, Nandan Mandayam, Shailesh Organizations: Adani, REUTERS, Rights, Economic Times, PTI, Barclays, Deutsche Bank AG, Thomson Locations: Ahmedabad, India, Bengaluru

We are growing but nowhere near fast enough," said Ben Blackwell, CEO of the Global Wind Energy Council. In June, Siemens Gamesa said quality problems at its two most recent onshore wind turbines would cost 1.6 billion euros ($1.7 billion) to fix. "The ratio between risk and reward is out of line in the offshore wind market in many jurisdictions. You can see this from investors not showing up," the Global Wind Energy Council's Blackwell told Reuters. "The situation in U.S. offshore wind is severe," Orsted CEO Mads Nipper said last month.

Persons: Pascal, Jon Wallace, WindEurope, Markus Krebber, Germany's, Ben Blackwell, Rob West, Siemens Gamesa, Fraser McLachlan, McLachlan, Jochen Eickholt, Wallace, Energy Council's Blackwell, Denmark's Orsted, RWE's Krebber, Joe Biden's, Mads Nipper, Nina Chestney, Nichola Groom, Christoph Steitz, Nora Buli, Francesca Landini, Toby Sterling, David Clarke Organizations: REUTERS, Rights, European, Jupiter Asset Management, EU, Shell, Siemens, LinkedIn, Wind Energy, Thunder Said Energy, GCube Insurance, Bloomberg New Energy Finance, Energy, Reuters, European Commission, Thomson Locations: Le Havre, Normandy, France, European Union, Britain, Netherlands, Norway, Ukraine, Jupiter, U.S, Los Angeles, Frankfurt, Milan, Amsterdam

☆ Exclusive: China's Trina Solar plans $400 mln Vietnam plant after US sanctions - sources
▼ + stars: | 2023-09-27 | by ( Francesco Guarascio | Thomson Reuters | Francesco Leads A Team Of Reporters In Vietnam That Covers Top Financial | ) www.reuters.com time to read: +3 min

Trina, one of the world's biggest solar panel makers by sales, would invest $400 million in the plant that would span 25 hectares of industrial land. Production is set to begin in 2025, one of the sources with direct knowledge of the plan said. Another person who was involved in discussions with the company said Trina had flagged $600 million in possible investment in Vietnam. Another source said Trina Vietnam's power supply problems were being considered as the company weighed options for its possible expansion. A heatwave in June hit the output of hydropower, Vietnam's second biggest source of electricity, forcing factories to temporarily suspend production due to power cuts.

Persons: Trina, Trina Solar, FENG SHUI, Feng shui, Francesco Guarascio @fraguarascio, Phuong Nguyen, Miyoung Kim Organizations: Reuters, U.S . Department of Commerce, P Global Market Intelligence, Thomson Locations: Vietnam, Thailand, HANOI, United States, Southeast Asia, U.S, Beijing, Washington . China

Pipes for the Nord Stream 2 gas pipeline in the Baltic Sea, which are not used, are seen in the harbour of Mukran, Germany, on September 30, 2022. Before Russia's invasion of Ukraine, the Nord Stream 1 pipeline had accounted for 15% of Europe's gas imports in 2021, according to the Oxford Institute for Energy Studies. A second Nord Stream 2 link was planned but never operated. "Our biggest risk was that Russia can manipulate our energy markets," EU Energy Commissioner Kadri Simson told Reuters. Across the EU, gas storage caverns are now 95% full, Gas Infrastructure Europe data show.

Persons: Pipes, Fabian Bimmer, Kadri Simson, SEB, Ole Hvalbye, Tom Marzec, Wood Mackenzie, Gergely Molnar, Jacob Mandel, Kate Abnett, Julia Payne, Nora Buli, Barbara Lewis Organizations: REUTERS, Oxford Institute for Energy Studies, Reuters Graphics, EU Energy, Reuters, EU, SEB Commodities, Gas Infrastructure, International Energy Agency, Aurora Energy Research, Thomson Locations: Baltic, Mukran, Germany, Russia, BRUSSELS, OSLO, Europe, Ukraine, RUSSIA, Norway, United States, Russian, Greece, Poland, Finland, Italy, Netherlands, France, Reuters Graphics Germany, Belgium, Britain, Portugal, Spain, Paris, Brussels, Oslo

These include power plants built by industrial firms such as nickel smelters for their own consumption. Under JETP, Indonesia is committed to cap and peak power sector's carbon emissions at 290 million metric tons by 2030. How does Indonesia plan to deploy JETP funds? Indonesia also wants JETP to finance the early retirement of some of its coal power plants, however some banks are reluctant to finance these early retirement for fear of being seen as financing coal projects. Indonesia is also considering expanding the green label to loans for coal power plants used by industries that make products considered sustainable, such as batteries for electric vehicles (EV).

Persons: JETP, Quoc Khanh, Tran Hong Ha, Fransiska Nangoy, Khanh Vu, Florence Tan Organizations: Association of Southeast Asian Nations, Natural Resources, Deputy, EV, Marine Spatial, Thomson Locations: JAKARTA, HANOI, Indonesia, South Africa, Vietnam, INDONESIA Indonesia, JETP, VIETNAM

[1/2] The Tesla Energy Powerwall Home Battery is unveiled by Tesla Motors CEO Elon Musk during an event in Hawthorne, California April 30, 2015. Although Tesla sought a number of incentives to set up a battery storage factory, Indian officials conveyed these would not be available, one of the sources said. It is largely dependent on coal-based power generation as storage technologies are expensive and not yet widespread. With incentives, Powerwall costs more than $5,500 in California, with additional costs for solar panels. It is eligible for U.S. federal tax credits and local state and utility incentives for solar and energy storage.

Persons: Elon Musk, India's Modi, Tesla, Narendra Modi, company's, Musk, Modi, Aditya Kalra, Aditi Shah, Sarita Chaganti Singh, Sudarshan, Kirsten Donovan Organizations: Tesla Energy, Tesla Motors, Elon, Thomson Locations: Hawthorne , California, India, DELHI, New Delhi, Tesla's California, California, Houston, Dallas, Texas

LAUNCESTON, Australia, Sept 19 (Reuters) - China is building two-thirds of the coal-fired electricity generation capacity currently under construction globally, and this may not be as disastrous for the climate as it sounds. The world's largest producer and importer of coal has 136.24 gigawatts (GW) of coal-fired generation under construction, according to data released in July by the Global Energy Monitor. China's under-construction coal generation is about 12% of its existing capacity, and adding more coal-fired power would seem incompatible with the stated goal of achieving net-zero carbon emissions by 2060. It makes sense from an economic and geopolitical perspective to power China's vehicle fleet using domestic electricity rather than imported crude oil. While it would obviously be better for the environment for China to stop building coal-fired power plants and instead accelerate the deployment of renewables, there is some logic to the current policy.

Persons: it's, Christian Schmollinger Organizations: Global Energy Monitor, China Passenger Car Association, Reuters Graphics, ICE, U.S . Department of Energy's, U.S . Department of Energy's Argonne National Laboratory, Reuters, Thomson Locations: LAUNCESTON, Australia, China, India, Indonesia, Saudi Arabia, Russia, U.S . Department of Energy's Argonne

☆ Biden’s offshore wind target slipping out of reach as projects struggle
▼ + stars: | 2023-09-15 | by ( Nichola Groom | ) www.reuters.com time to read: +7 min

The 2030 target, unveiled shortly after Biden took office, is central to Biden's broader plan to decarbonize the U.S. economy by 2050. The energy research firm expects 21 GW of offshore wind along U.S. shores in 2030, breaking 30 GW by 2032. Still, offshore wind developers including Orsted have said the IRA’s subsidies are insufficient for projects to thrive in the current environment, and are lobbying the administration for additional concessions. The nation currently has just two pilot-scale offshore wind farms capable of producing 42 megawatts of electricity. Stephanie McClellan, executive director of the offshore wind advocacy group Turn Forward, said making sure the first fleet of projects succeeds was more important than a particular timeline.

Persons: Brian Snyder, Joe Biden’s, Biden, Kris Ohleth, It's, Samantha Woodworth, Wood Mackenzie, Michael Brown, France's, it's, Kelly Penot, Rousseau, Orsted, Michael Kikukawa, Samah Shaiq, Shaiq, Doreen Harris, NYSERDA, Elizabeth Mahony, Stephanie McClellan, Nichola Groom, David Gregorio Our Organizations: REUTERS, BP, Shell, Companies, Developers, Ocean Winds, Reuters, Biden, U.S . Department of Energy, DOE, New York State Energy Research, Development Authority, New York State Department of Public Service, Equinor, Orsted . Massachusetts Department of Energy, Office of Energy, Environmental Affairs, New, New Jersey Board of Public Utilities, Thomson Locations: Rhode, U.S, North American, Massachusetts, Gulf of Mexico, Europe, Asia, China, United Kingdom, New Jersey, New York, Orsted .

REUTERS/Willy Kurniawan/File Photo/File Photo Acquire Licensing RightsCompanies PT Suralaya Indotenaga FollowSINGAPORE/JAKARTA, Sept 14 (Reuters) - Environmental groups have submitted a formal complaint to the World Bank for providing financial support for two coal-fired power plants in Indonesia, violating a pledge to stop backing fossil fuels. Plans to build two more would emit 250 million tons of climate-warming carbon dioxide into the atmosphere, the groups said a letter to World Bank compliance ombudsman Janine Ferretti. The IFC, the World Bank and Hana Bank Indonesia did not immediately respond to requests to comment. According to the Global Energy Monitor think tank, Indonesia was one of 11 countries to commission new coal plants last year. The JETP compels Indonesia to impose a moratorium on new coal-fired power plants, though there are exemptions for "captive" plants that serve other industrial facilities.

Persons: Willy Kurniawan, Janine Ferretti, CREA, David Stanway, Miral Organizations: Indonesia Power, Plant, REUTERS, World Bank, International Financial Corporation, IFC, Hana, Hana Bank Indonesia, Bank, Inclusive Development, Hana Bank, Research, Energy, Clean, PT, Raya, Global Energy Monitor, Thomson Locations: Suralaya, Banten province, Indonesia, SINGAPORE, JAKARTA, Hana Bank, Asia, U.S, Hana Bank Indonesia, Helsinki, Jakarta, China, India

Haynes, 30, had been arrested earlier in the day on murder charges relating to an Aug. 12 shooting in the district. His escape prompted a several-hour shelter-in-place order last week for the entire GW campus and brief roadblocks on nearby streets. Police were able to provide an image last week of Haynes wearing a black t-shirt and gray briefs and moving through a local backyard. There were so many new twists that the public became fixated on what's coming next," Levin said. But Haynes escaped in the midst of a large city not far from a subway station.

Persons: Danelo Souza Cavalcante, Christopher Haynes, Haynes, Brian Levin, ” Levin, ” Haynes, gurney, Pamela Smith, Levin, haven't, “, Bonnie, Clyde, John Dillinger, Face Nelson, ” Organizations: WASHINGTON, George Washington University Hospital, Police, California State University San Bernardino, Prison, Hollywood, Metropolitan Police Department, ” Police, MPD Locations: Pennsylvania, Cavalcante, Chester, Washington

☆ Factbox: US offshore wind projects facing inflation headwinds
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +10 min

One megawatt (MW) can power about 1,000 U.S. homes but since wind is an intermittent resource - 1 MW of offshore wind can power about 500 U.S. homes, according to offshore wind developers. SOUTH FORKDenmark's Orsted (ORSTED.CO), the world's largest offshore wind power developer, is building the 132-MW project off Rhode Island and Massachusetts. COMMONWEALTH WINDThe 1,232-MW project off Massachusetts, which was formerly a part of the larger New England Wind project, is also facing potential delays. ATLANTIC SHORES OFFSHORE WIND SOUTHThe joint venture between Shell and French EDF is developing a large offshore wind park off New Jersey. MARWINMaryland's first offshore wind project is expected to start operations in 2025-2026.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, GW, Lazard, Vineyard, Orsted, Eversource, NYSERDA, Norway's Equinor, Avangrid, MARWIN, Nerijus Adomaitis, Nichola Groom, Scott DiSavino, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S, U.S . Department of Energy, Reuters, Washington , D.C, U.S . Energy Information Administration, Avangrid, Copenhagen Infrastructure Partners, Public Service Enterprise, Orsted, Eversource Energy, Rhode Island Energy, Dominion Energy, Virginia Beach, Dominion, NYSERDA, COMMONWEALTH, Shell, EDF, US, Italy's Renexia SpA, US Wind, Thomson Locations: Washington , U.S, U.S, New England, New York, Pennsylvania, Washington ,, Spanish, Copenhagen, Rhode Island and Massachusetts, New Jersey, Rhode, Connecticut, Orsted, VIRGINIA, Virginia, York, Long, Montauk, Massachusetts, French, ATLANTIC, Atlantic Shores, Italy's Renexia, Maryland

☆ UK wind fail is catalyst for belated subsidy rejig
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 8 (Reuters Breakingviews) - Britain’s shaky ambitions to be the “Saudi Arabia of wind” now stand at a blustery crossroads. Developers had been warning for months that the UK’s latest offshore wind auction, divulged on Friday, would receive no takers. Britain could just focus on solar and onshore wind, which respectively received 1.9 gigawatts and 1.5 GW in the latest overall 3.7 GW auction. A 2022 auction saw offshore wind constitute two-thirds of a much chunkier 10.8 GW of power awarded. The very real prospect of zero wind schemes ought to be the kick up the backside UK politicians need to make the terms more appealing.

Persons: George Hay, Aimee Donnellan, Oliver Taslic Organizations: Reuters, X, Warner Bros Discovery, Thomson Locations: Saudi Arabia, Britain

☆ Offshore wind drops out of UK auction on costs, risking climate goals
▼ + stars: | 2023-09-08 | by ( Nora Buli | ) www.reuters.com time to read: +4 min

General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain, September 5, 2018. The result was bad news for Britain's 2050 net zero emissions target, which calls for 50 gigawatts (GW) of offshore wind capacity by 2030 versus around 14 GW now. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded, but developers did not even bid in the latest auction, the results of which were published on Friday. The lack of new offshore wind capacity would cost consumers 1 billion pounds a year, it added. Bid prices for renewable energy CfDs are expressed in 2012 money, with inflation meaning actual prices are higher.

Persons: Orsted, Phil Noble, Graham Stuart, Ed Miliband, Sweden's Vattenfall, Nora Buli, Miral Fahmy, Jason Neely Organizations: REUTERS, UK's Department for Energy Security, Turbine, Energy, Britain, Labour Party, Conservatives, Thomson Locations: Walney, Blackpool, Britain, OSLO, Oslo

☆ An escalating dispute at major gas facilities in Australia could drive up European prices, analysts say
▼ + stars: | 2023-09-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Jacob Mandel Senior research associate for global energy markets at Aurora Energy ResearchFears of strike in Australia, one of the world's biggest exporters of liquified natural gas (LNG), have recently pushed up European gas prices — and analysts expect near-term volatility to persist. Jacob Mandel, senior research associate for global energy markets at U.K.-based consultancy Aurora Energy Research, said the global natural gas market was currently "very tight" and "very little supply flexibility" means that strike action in Australia could send European gas prices higher. He said that European gas prices could climb to above 40 euros ($42.9) per megawatt hour if the strikes go ahead as planned. The front-month gas price at the Dutch Title Transfer Facility (TTF) hub, a European benchmark for natural gas trading, traded at 33.5 euros on Tuesday.

Persons: Dan Kitwood, Jacob Mandel, Mandel, we've, Ramesh, Wheatstone, Henning Gloystein, Gloystein Organizations: National Grid, Getty, CNBC, Chevron, Offshore Alliance, Wheatstone, Fair, Aurora Energy, Aurora Energy Research, videoconference, Rystad Energy, Europe, EU, Eurasia Group Locations: Isle, Rochester , England, Western Australia, Chevron Australia, Australia, Europe, Japan, Korea, wean, Ukraine, Russia

REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsCompanies Coal India Ltd FollowSINGAPORE, Sept 4 (Reuters) - India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, and as an increase in renewables is struggling to keep pace with record power demand. Demand typically peaks in May, when Indians crank up air-conditioners to beat the heat, and industries operate without rain-related disruptions. Coal's share in power output rose to 66.7% in August - the highest for the month in six years, according to a Reuters analysis of government data. The government has repeatedly defended the use of coal citing lower per capita emissions compared with richer nations, and rising renewable energy output. India's peak demand - the maximum capacity required during any time of the day - rose to a record 243.9 gigawatts (GW) on Aug. 31, the Grid India data showed, exceeding available capacity by 7.3 GW.

Persons: Adnan Abidi, Sudarshan, Robert Birsel Organizations: REUTERS, Companies Coal India, India, Grid, Thomson Locations: Delhi, India, China

Summary U.S. regulators are ready to review and license the next generation of nuclear reactors while staying committed to safety, the Nuclear Regulatory Commission (NRC) says. The NRC is under pressure to show it can move fast on a new generation of nuclear technology, including small modular reactors (SMRs) and other previously untested designs, as many in the industry call for deep reforms at the regulator. NuScale’s VOYGR 50-MW SMR power plant became the first SMR design certified by the NRC in January. Earlier this month, the NRC accepted NuScale's uprated VOYGR-6 plant design for a Standard Design Approval (SDA) application. “We are yielding timelier and more cost-effective reviews without compromising on safety,” Taylor says.

Persons: ”, Judi Greenwald, “, Steven Arndt, NRC Robert Taylor, NuScale’s VOYGR, ” Taylor, “ We're, Taylor, Kairos, they're, it's, –, bro, Allison Macfarlane, Macfarlane skewered, ” Macfarlane Organizations: Nuclear Regulatory Commission, NRC, Nuclear Innovation Alliance, Department of Energy, DOE, American Nuclear Society, New Reactors, ” Tech bros, Institute of Art, Thomson Locations: United States

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