EU funds study on linking electricity system with Western Europe
Baltic News Service, 2010-09-29
The European Commission has granted EUR 950,000 for a study on linking the Baltic electricity system with the Western European energy system. The total cost of the study will amount to EUR 1.9mn. The project to link the Baltic and Western European power systems is a joint one between the Baltic transmission system operators, Estonia's Elering, Latvia's Augstsprieguma Tikls, and Lithuania's Litgrid. The project should be launched in early 2013.
EC's antitrust inspection at CEZ
The EC's antitrust section has send another inspection to the Czech energy group CEZ. Five managers are to be questioned. CEZ is suspected of preventing market competition. The last inspection took place a year ago.
Climate Commission proposes manifold increase of wind power
The Danish Commission of Climate Change Policy (Klimakommissionen) has presented a report proposing that Danish wind power capacity be increased many times over with a new offshore wind farm being built every year in the 2015-2025 period. The aim is to have wind power generate 60-80% of the electricity consumed by Danes in 2050, thus phasing out oil, coal and gas.
According to the report energy efficiency in agriculture and industry can be doubled and improved insulation and energy systems could help households reduce energy consumption by up to 60%. The Commission estimates that the transformation to a more energy efficient society will cost Danes 0.5% of the GDP in 2050. Oil, coal and gas should be subject to a gradual tax increase.
Dong Energy has scrapped quotation plans says CEO
Danish power company Dong Energy has scrapped all plans for a quotation on the stock exchange informs President and CEO Anders Eldrup in an interview with Bloomberg News. If such plans are started up again it will take a year from the time of the decision to the actual launch says Eldrup.
Estlink 2 to be rolled out in 2014
Estonian grid operator Elering and Finland's electricity transmission system operator Fingrid OYJ will jointly build the 650 MW capacity subsea power cable Estlink 2. The EU will contribute EUR 100mn to the EUR 320mn cost power link project. Fingrid promises the subsea power link to be put into operation in 2014. Estlink 2 will raise the aggregate power transmission capacity between Estonia and Finland to 1,000 MW.
Power companies withdrawing from off-shore wind projects
In Finland, power company Helsinki Energy may withdraw from the project of building an off-shore wind farm in Kristiinankaupunki together with wind power company EPV Tuulivoima. Also PVO-Innopower that is planning a wind farm in Kristiinankaupunki is prioritising a wind farm to be built on the mainland. The reason for these changes is that off-shore wind power plants will not be granted any more subsidies than those that are built on land although it is much more expensive to build off shore.
France's biggest solar park to be built in Eure-et-Loir
Le Moniteur des Travaux Publics et du Bâtiment, 2010-09-03
A photovoltaic park covering 244 ha of the former NATO military base at Crucy-Villages in Eure-et-Loir is set to be constructed at a cost of EUR 300mn (USD 401.67mn). The park is claimed to be the biggest in France, and with 490,000 solar panels, will have a capacity of 80MW, the equivalent of 160 wind turbines.
Once the land is bought at a cost of EUR 1mn (USD 1.34mn), it will take around two years to construct the photovoltaic park and put it into operation. After a call to tender, fourteen operators were retained and four candidates pre-selected; Eolfi/Delta Solar, EDF-Energies Nouvelles, Solaire Direct and GDF Suez-Juwi. The winner will be announced in winter 2010 and a 20 year, long lease contract will be signed. © Esmerk
Gazprom, Fortum in talks over Kaunas CHP plant
Baltic News Service, 2010-09-29
Russia's gas corporation, Gazprom, is in talks about selling all or part of its shares in the Lithuanian combined heat and power plant, Kauno Termofikacine Elektrine (KTE), to the Finnish energy group, Fortum.
Local daily Kauno Diena reports that the two companies have been negotiating about the deal for several months, and expect to finalise the deal by the end of 2010. Fortum reportedly is interested in buying all of KTE's shares or none at all. Fortum is expected to make a formal offer to Gazprom in early November 2010. Gazprom owns 99% and gas distributor Dujotekana the remaining 1% of shares in KTE. Gazprom acquired the shares for LTL 116mn (EUR 33.6mn USD 45.6mn).
Ignalina nuclear plant will need another EUR 1bn
Baltic News Service, 2010-09-28
Lithuania will need another LTL 3.46bn (EUR 1bn) for decommissioning the Ignalina Nuclear Power Plant (IAE) in 2010-2014, according to a programme drafted by the Ministry of Energy. Under the programme, IAE would need LTL 799.6mn in 2010, LTL 782.2mn in 2011, LTL 754.6mn in 2012, LTL 686.04mn in 2013, and LTL 437.91mn in 2014. The programme would ensure IAE's safe maintenance and continuation of decommissioning projects. IAE has received altogether LTL 1.589bn for decommissioning in 1999-2013, including LTL 188.6mn of Lithuania's own budget funds.
Delta to continue with nuclear power station plans
De Volkskrant, 2010-09-28
According to research conducted by UK consultancy bureau Spring Associates on behalf of non-governmental environmental organization Greenpeace, the chance of companies of building new nuclear power plants in the Netherlands without government financing is very small. This is because investors are reluctant in finance such high-risk projects. Despite this, Dutch energy company Delta is to continue its plans to build a new nuclear power plant in Borssele in the Netherlands without the use of government financing.
Cost for CCS technology centre at Mongstad hits NOK 6bn
Dagens Næringsliv, 2010-09-30
The estimated cost for the Technology Centre Mongstad (TCM), a test centre for carbon capture and storage (CCS) technology in Norway, has soared from NOK 700mn (EUR 87.76mn USD 119.58mn) in 2006 to a current estimate of about NOK 6bn. The first phase of the TCM will be opened on 1 October. It comprises a 5000 m2 administration complex. The whole TCM will be completed in 2012.
CEZ to complete construction of EUR 1.1bn wind park in 2011
Wall Street, 2010-09-30
The Czech energy group CEZ estimates that the construction of its 600 MW wind farm project in Dobrogea region, in Romania, will be completed in 2011. The investment in the project reaches EUR 1.10bn (USD 1.50bn). The company started construction works at Cogealac wind park, with works expected to be completed in 2011, while at Fantanele wind farm there are already 129 turbines in operation. Recently, CEZ announced that the Cogealac wind park was put 'on hold' due to misunderstandings in relation to the construction permits.
Fortum Värme constructs new CHP-plant in Sigtuna
Power company Fortum Värme is to construct a new CHP-plant in Sigtuna. The plant will be complete 2013 and the construction cost has been forecast to SEK 1.90bn (EUR 206.86mn USD 280.78mn). Approximately 240,000 tonne waste will annually be burned in the plant that is a part of the strategy to climate neutralize the district heating in Stockholm.
Wind energy capacity now over 5 GW
Your Renewable News, 2010-09-24
Now the 300MW Thanet wind farm is online, the UK has a total of 5.1 GW of installed wind energy capacity, split between 3.715 GW onshore and 1.341 GW offshore, according to RenewableUK. Wind's contribution to the UK's total electricity is now 4%, while other renewable energy sources provide 5%.
RenewableUK notes that the UK has more offshore wind than the rest of the world combined, and although the onshore concentration is lower than Germany or Denmark for example, wind turbines generate more electricity due to better meteorological conditions. A further 2,576MW of wind projects are under construction in the UK and 6,166MW have planning permission.
Report says offshore wind farms will continue to need subsidies
Telegraph (UK), 2010-09-27
A report by the UK Energy Research Centre (UKERC), a government think tank, predicts offshore wind farms will need subsidies for at least 20 years because of their higher cost to generate electricity. A rise in running costs, a weaker pound and higher steel prices means offshore wind power generation costs are 90% higher than fossil fuel generators and 50% higher than nuclear power, according to the report.
The UKERC calculated that the cost per megawatt hour of electricity generated by the Thanet offshore wind farm over its 25-year lifespan at GBP 149 (EUR 175.40 USD 235.56). This is higher than nuclear power, onshore wind power and fossil fuels at GBP 97 per megawatt hour, GBP 88 and GBP 80 respectively. Increasing production capacity in the UK was identified by the UKERC as one way of reducing offshore wind energy generation costs, with the UK currently importing around 80% of turbines and platforms.