Axpo, a Swiss company, is looking at opportunities in Japan's power and LNG trading
Axpo, a Swiss power producer and trader, is looking at opportunities in Japan's electricity and liquefied gas (LNG), as the changes in Japan's power sector have created a demand for spot LNG and hedging. Japan has set an ambitious target of renewables accounting for 36%-38% of its total electricity mix by 2030. In 2016, the power market was liberalised, leading to a more liquid futures exchange for electricity. Marco Saalfrank is a member of Axpo’s management board. He said that Japan has nine different price zones.
Britain Produced Record Amount of Wind Power in 2022
Britain’s wind farms contributed a record 26.8% of the country’s electricity in 2022 although gas-fired power plants remained the biggest source of power, National Grid data showed on Friday.Britain has a target to reach net zero emissions by 2050 which will require a huge scale-up of renewable power generation such as wind and solar.The share of wind power in Britain’s electricity mix last year was up from 21.8% in 2021, the data showed, as more wind projects came online.
France Plans 1 GW Offshore Wind Farm
France wants to construct a wind farm off the coast of Normandy as the nuclear-dependent nation moves to expand power generation from renewable sources, the energy ministry said on Monday.The planned 1-gigawatt (GW) wind farm could have up to 80 wind turbines of around 12 megawatts each, in an area where wind conditions and the seabed are very favorable for offshore wind power at a competitive price, the ministry said in statement.France is racing…
Wind Provides 14% of European Electricity
Wind energy provided 14% of the European Union’s electricity last year, according to figures published by the region’s wind energy trade body, WindEurope, with 11.7 gigawatts (GW) of new capacity added, including 2.65 GW of offshore wind. Continued growth in capacity and the use of more powerful turbines are helping to drive up wind’s share in the electricity mix. Denmark had the highest share of wind in its electricity last year (41%) followed by Ireland (28%) and Portugal (24%).
HHLA Support Energy Transition
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) and its partners began research and development work on the publicly funded FRESH project at its Container Terminal Altenwerder (CTA).FRESH stands for flexibility management and control reserve provision of heavy goods vehicles in the harbour, said the firm which operates three container terminals at the Port of Hamburg: Altenwerder, Burchardkai and Tollerort, as well as cargo handling and transport services by rail…
Hydrogen As an Energy Carrier
Hydrogen can play a significant role in decarbonizing world energy supply to mitigate climate change, according to a new research paper by DNV GL, the technical advisor to the oil and gas industry.According to new DNV GL research paper, decarbonization could drive an estimated 100,000-fold rise in demand for hydrogen for energy by 2050. The paper lays out a viable business concept for producing low-carbon transportable hydrogen offshore from natural…
Japan Fires Up Biomass Energy as Fuel Shortage Looms
As the sun sets on Japan's solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock in still-high government subsidies. More than 800 projects have already won government approval, offering 12.4 gigawatts (GW) of capacity -- equal to 12 nuclear power stations and nearly double Japan's 2030 target for biomass in its basic energy policy. The sheer number of projects has raised questions about how they will all find sufficient fuel…
France to End Oil & Gas Production by 2040
France plans to pass legislation by the end of 2017 to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so, according to a draft bill presented on Wednesday. President Emmanuel Macron wants to make France carbon neutral by 2050 and plans to curb green house gas emissions by leaving fossil fuels, blamed for contributing to global warming, in the ground. Under the draft bill presented to cabinet on Wednesday…
Plan Introduced to Drive US Offshore Wind Energy
A new collaborative strategic plan has been published today which aims to continue accelerating the development of offshore wind energy in the United States. Announced by U.S. Secretary of Energy Ernest Moniz and U.S. Secretary of the Interior Sally Jewell, the plan, entitled National Offshore Wind Strategy: Facilitating the Development of the Offshore Wind Industry in the United States, details the current state of offshore wind in the U.S., presents…
German Official: Green Energy, Not Nuclear Way to Go
Green energy is cheap in the long run and clean compared to "dirty" coal and costly nuclear power, a senior German energy official said on the sidelines of a Cape Town conference, at a time when South Africa plans to expand atomic power generation. President Jacob Zuma's government is developing an energy mix that will boost power generation in Africa's most advanced economy which has been hit by electricity shortages and reduce its reliance on mostly coal generated energy.
Japan Ending Coal-Fired Power Plant Construction
Japan plans to stop power firms building coal-fuelled plants that are inefficient and dirty as it manages the competing demands of cutting greenhouse gas emissions while stepping up use of the fuel after the Fukushima disaster, officials said. The government has come under fierce criticism from environmentalists and more subtle pressure from allies over its support for coal, the use of which has surged to record levels after the shutdown of reactors. The government aims to have coal account for 26 percent of the electricity mix by 2030.
Japan Hikes Emission Cut Goal by 25 pct
Japan is considering cutting emissions of greenhouse gases by around 25 percent by 2030, up from an earlier target of about 20 percent, as its contribution to a global summit in Paris on climate change later this year, media reports said on Friday. The target is still lower than that outlined by the United States, which says it will cut emissions by as much as 28 percent from 2005 levels by 2025 and the European Union which is proposing at least a 40 percent cut from 1990 levels by 2030.
Germany Says No More Credit Guarantees for Nuclear Exports
Germany's government has decided to stop issuing credit guarantees for exports of equipment used for nuclear power generation because the risks to public safety are too great, the Economy Ministry said on Thursday. The guarantees offer security to exporters and banks who do business in emerging markets where there is a risk of non-payment. For years, critics have called for a halt to Germany's so-called Hermes guarantees for nuclear exports, such as those used in atomic plants in Brazil.
French Energy Bill Delayed until Spring 2015
The adoption of France's framework energy bill, meant to fulfil President Francois Hollande's pledge to cut the share of nuclear energy in the country's electricity mix to 50 percent, has been pushed back to early 2015. "It will be reviewed by parliament in the autumn and adopted in the spring of 2015," an official at Prime Minister Manuel Valls's office told Reuters on Friday, without elaborating on the reasons. Earlier in the day French radio…
