India's Vedanta will keep coal as its base energy source despite clean energy push
Vedanta, an Indian mining and metals company, will continue to use coal as the primary source of energy for its mining operations. However, it aims to increase its share of renewable energy sources in its energy blend, according to a senior executive on Tuesday. Deshnee Niaidoo said that coal accounts…
Vedanta's top executive: coal will remain the base energy source for India's Vedanta
Vedanta, an Indian mining and metals company, will continue to use coal as the primary source of energy for its mining operations. However, it aims to increase its share of renewable energy sources in its energy blend. Deshnee Niaidoo said that coal accounts for almost 70% of Vedanta’s energy mix in an interview at the FT Live Energy Transition Summit India.
Prices rise sharply due to less wind and nuclear supply
The wholesale European power prices surged Tuesday, as French nuclear power generation dropped and wind power production in the region is expected to be lower on the day ahead. A market that is under-supplied can be identified by the weaker scenario of electricity supply and the higher demand projections.
Alaskans fear higher energy prices as Trump drills
Alaskans spend nearly two times as much on electricity as the national average. Matt Goodnow, financial counselor at a hospital located in Homer, Alaska, a fishing village on the Kenai Peninsula, said that higher energy costs would be detrimental to the community. The Trump administration is not only…
Germany is planning to stop using fixed-term contracts for renewable energy installations
According to the Economy Ministry, Germany will no longer use long-term fixed-price contracts for buying power from new renewable energies installations. However, it will continue to support this sector. The critics of fixed feed-in rates say that they are too expensive for the government and energy consumers…
US asks federal courts to cancel permit for Maryland off-shore wind farm
According to court documents filed Friday, the Trump administration asked a federal district judge to overturn the Interior Department’s approval for a wind farm to be built off the coast Maryland in 2024. Attorneys for the agency claimed that Interior's Bureau of Ocean Energy Management underestimated…
Trump is in favor of nuclear energy because it's'more American than wind and solar', a US official claims
The director of the U.S. Energy Dominance Council stated on Thursday that the Trump administration would be more inclined to provide loan guarantees and tax incentives for nuclear energy than wind or solar, because it was "more American". Jarrod Agen is the director of this White House council. He said that nuclear power will be more likely made with U.S.
India's power production rises at the fastest rate in five months due to industrial boost
The data of the federal grid operator revealed that India's electricity generation in August increased at its fastest rate since March. Manufacturing activity was accelerating due to strong demand. Grid India's daily analysis showed that the 4% increase in output of electricity last month led to a first-time annualised boost in coal-fired generation in five months.
Maguire: US gas-heavy pipeline to fuel tensions with LNG exporters
U.S. energy firms are building the largest gas-fired generation capacity in the world, cementing the position of the United States as the world's biggest natural gas consumer and the gas-fired producer. The growing dependence on natural gas in the domestic power sector will also exacerbate tensions between…
Maguire: US gas-heavy pipeline to fuel tensions with LNG exporters
U.S. energy firms are building the largest gas-fired generation capacity in the world, cementing the position of the United States as the world's biggest natural gas consumer and the gas-fired producer. The growing dependence on natural gas in the domestic power sector will also exacerbate tensions between…
China's fossil fuelled power rose to an 11-month peak in July
China's fossil fuelled power generation, mainly coal, increased in July to its highest level since August 20,24, according to official data released on Friday. The record-breaking heat also pushed the power demand up to new records across a large part of China. According to the National Bureau of Statistics…
First Solar increases its annual sales forecast, expecting higher prices due tariffs
First Solar increased its annual sales forecast for Thursday as the U.S. manufacturer of solar panels expects higher prices after additional tariffs against foreign-made products. After the bell, shares of the Tempe-based Arizona company rose by over 4%. Solar industry is bracing itself for the impact of U.S.
UN chief calls on tech industry to use renewable energy for data centers
U.N. Secretary-General Antonio Guterres called on tech companies on Tuesday to power data centers using 100% renewable energy by the year 2030. This is despite the fact that the industry has been turning to coal and gas fired power plants in order to meet the surge in demand. The Secretary General argued…
China begins construction of the world's largest dam on hydropower in Tibet
The official Xinhua News Agency reported that China's Premier Li Qiang had announced the start construction of what is estimated to be the largest hydropower project in the world. It will be located on the eastern rims of the Tibetan plateau, and the cost of this project is estimated at around $170 billion.
EDF Weighs Stake Sales in North American, Brazil
France's EDF is weighing options to bring in capital to both its North American and Brazilian renewables businesses, a company spokesperson said on Wednesday, which could include stake sales of as much as 50%.The comments followed a report by Bloomberg News citing people familiar with the matter as saying…
Eskom South Africa targets clean energy sources primarily by 2040
Eskom, the South African state-owned utility, aims to switch to mostly clean energy sources from its coal-based fleet by 2040. It announced this on Wednesday when it revealed its latest plans to make the shift. Eskom wants to reduce its coal power from 39 GW down to 18 GW by 2040. This was revealed in a presentation to legislators on the company's energy sources.
BHP: Australian green iron is too expensive despite joint China agreement
BHP, a major miner, said that it would be too expensive for Australia to develop a "green-iron" industry. This is despite the fact that Australia and China had agreed to work together this week to decarbonise steel supply chains, which are responsible for almost a tenth percent of global emissions. BHP…
Germany's wind energy expansion is picking up but the targets are still not met, according to lobby
The BWE wind lobby reported on Tuesday that Germany's onshore power sector has recorded its best half-year in 2017 but still fell short of legally mandated goals. Berlin wants to generate 80% of Germany’s electricity using renewable sources by 2030. This goal has been accelerated due to recent reforms…
Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has put on hold its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments…
Sources say that India's Assam State has halted its green hydrogen policy, a setback for investors.
Government and industry sources confirmed that Assam, a state in northeast India, has halted its green hydrogen policy, shocking investors who were already suffering from a reduction of incentives for clean energy project. The largest state in the northeast has tried to attract large investments to a…