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Energy
Nord Stream 2 to Play Crucial Role in EU’s Energy Security
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg yesterday. The meeting addressed Russian gas supplies to Austria. In 2016, Gazprom exported…
EDF Faces £1m a Day Bill to Keep French Nuclear Reactor Offline
The prolonged closure of a major French atomic reactor after an explosion this month probably costs EDF at least £1m a day, according to experts. The nuclear plant operator, which will spend £18bn building the UK’s first new nuclear power…
SunPower Shines in France
SunPower is to supply E-Series solar panels totalling 64.4MW for seven photovoltaic plants to be developed by La Compagnie du Vent in France. A large portion of the panels will be manufactured at SunPower’s facilities in France, the company said.…
Solar Growth Skyrockets as Nuclear Power Fails to Compete
Last year’s solar deployment numbers just came in and they are, in a word, phenomenal. Utilities bought more new solar capacity than they did natural gas capacity: an astounding 22 states added more than 100 MW of solar each. At…
End Fossil Fuel Subsidies by 2020, Insurers and Investors Tell G20
A coalition of 16 leading investors and insurers, including Aviva Investors, Aegon Asset Management and Legal & General, have today urged G20 nations to halt all subsidies for fossil fuels by the end of the decade, warning ongoing government support…
ABB Delivers Dubai Sun
ABB has completed a substation to deliver the electricity generated by a 200MW photovoltaic plant in Dubai. The 400/132kV gas-insulated switchgear unit, built for local utility Dubai Electricity & Water Authority (DEWA), will connect and integrate the second phase of…
Bumper Year for Offshore Wind Sees Construction Projects Delivering Record Investment
The UK’s offshore wind sector has enjoyed a bumper year according to new data, with the total value of construction projects in 2016 hitting £4.1bn, up from just £2.45bn a year earlier. New figures released yesterday from construction industry analysts…