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Microsoft Boots Up Largest Wind Power Deal Yet

Photo: Pixabay
Photo: Pixabay

Microsoft has become the latest in a string of IT giants to announce major renewable energy deals, confirming it has inked two agreements to source 237MW of wind power from US wind farms.

The software powerhouse said the two deals mean it has now invested in wind energy projects boasting more than 500MW of capacity, as it seeks to slash the carbon footprint of its data centres.

“Microsoft is committed to building a responsible cloud, and these agreements represent progress toward our goal of improving the energy mix at our data centres,” said Brad Smith, president and chief legal officer at Microsoft, in a statement. “Our commitment extends beyond greening our own operations because these projects help create a greener, more reliable grid in the communities in which we operate.”

The larger of the two deals has seen Microsoft sign a contract with Allianz Risk Transfer (ART) to fix long-term energy costs and purchase ‘environmental attributes’ connected to the the new 178MW Bloom Wind project in Kansas.

The two companies said the project made use of an innovative new financial structure designed to offset high upfront costs associated with the development of large-scale wind projects.

“It is important for investors in renewable energy projects to secure long-term, stable revenues, and our structure does just that,” said Karsten Berlage, managing director of ART. “We are thrilled to be partnering with Microsoft on this groundbreaking project.”

Separately, Microsoft inked a deal with Black Hills Corp. to purchase 59MW of renewable energy certificates from the Happy Jack and Silver Sage wind projects, which are adjacent to Microsoft’s Cheyenne, Wyoming, data centre.
The company said the two wind farms would match the power use of the data centre.

“This collaboration provided them the opportunity to utilise significantly more renewable energy while still ensuring the reliability they’ve come to expect through our energy infrastructure and generation resources,” said David R. Emery, chairman and CEO of Black Hills Corp. “We are proud to be a strong supporter and partner in their mission to power their data centres with increased renewable energy resources, and look forward to our continued collaboration in the years ahead.”

Significantly, the deal includes a new tariff that allows the utility to make use of the data centre’s backup generators, eliminating the need for Black Hills Energy to construct a new power plant.

“We are constantly looking for new ways to approach energy challenges and avenues of engagement with our utility partners,” said Christian Belady, general manager of cloud infrastructure strategy and architecture at Microsoft. “The team worked closely with ART to come up with a completely new model to enable faster adoption of renewables. Likewise, the tight engagement with Black Hills created the opportunity for Microsoft’s data centre to become an asset for the local grid, maintaining reliability and reducing costs for ratepayers. This kind of deep collaboration with utilities has great potential to accelerate the pace of clean energy, benefiting all customers – not just Microsoft.”

The two new deals follow the Microsoft’s existing investments in the 175MW Pilot Hill wind project in Illinois and the 110MW Keechi wind farm in Texas. The company also inked an agreement earlier this year to deliver 20MW of solar power capacity in Virginia.

Source: businessgreen.com

Southill Solar Flicks Switch On Community Renewables Project

Photo: Pixabay
Photo-illustration: Pixabay

The UK’s latest community renewables project came online on Friday as Southill Community Energy (SCE) flicked the switch on the 4.5MW Southill Solar farm in West Oxfordshire.

The project, which was built by developer Solarcentury, is now expected to provide enough clean power for around 1,100 homes.

SCE has also said the project will deliver over £750,000 in community benefit payments over its lifetime and provide biodiversity benefits through the planting of hedgerows, orchards and wild flowers at the site on the Cornbury Park estate, just outside Charlbury. The payments will support a series of low carbon initiatives, including a £100,000 programme to improve the energy efficiency of the Charlbury community centre through the installation of triple glazing, low energy lighting, and a heat recovery system.

The project invited individuals to invest in the scheme and £1.1m was raised through crowd-funding, 80 per cent of which came from local residents living in Oxfordshire.

“This project has been led by the community from the start and we’ve had to negotiate some tricky obstacles on the way,” said Tim Crisp, director of SCE. “We hope that Southill Solar will be a beacon of excellence, demonstrating the positive power of community energy. Communities are coming together to find ways to deal with the big energy problems we’re facing as a country. We want to take control, establish a safe and sustainable energy supply, drive down energy prices and lower emissions to help fight climate change.”

The opening will be marked by a launch event this Thursday at the Memorial Hall in Charlbury, featuring a speech from Solarcentury founder and environmental campaigner Jeremy Leggett.

“Now, more than ever, the world needs the spirit, leadership example, and actual emissions reductions that community energy projects like this embody,” said Leggett. “The US, and to an extent the UK, are stepping towards fossil fuels and away from clean energy, just as the majority of other national governments, many local governments, and thousands of communities the world over are going the other way.”

Community energy projects have faced a challenging year following cuts to subsidies for solar and wind farms and changes to the tax regime that threatened to undermine returns from community-funded projects.

However, as renewable energy costs continue to fall and conventional savings accounts offer minimal levels of interest, advocates of community energy maintain that crowd-funding can continue to drive investment in clean energy projects.

Source: businessgreen.com

The World’s Cheapest Offshore Wind Farm Is Coming To Scandinavia

Photo: Pixabay
Photo: Pixabay

Swedish energy firm Vattenfall will soon begin building the largest offshore wind farm in Scandinavia – the 600 MW Danish Kriegers Flak in the Baltic Sea. When it’s complete, the project will produce the cheapest offshore wind power in the world at 49.9 euros per megawatt hour.

On Thursday Vattenfall announced that it made the winning bid to build the Kriegers Flak wind farm, one of three offshore wind farms promised by the Danish Parliament as part of plans to divest from fossil fuels by 2050. Vattenvall will also be building the other two projects, which include the 406 MW Horns Rev 3and the Danish Near Shore project, with a 305 MW combined generating capacity.

Not only is the Danish Kriegers Flak the largest offshore wind farm in Scandinavia – according to Clean Technica it will also produce the world’s cheapest offshore wind power – even cheaper than the 60 euros per megawatt hour of the Danish Near Shore project, which was the lowest in the world when it was announced in September 2016. Both of these projects are significantly cheaper than the average offshore wind cost of $126 per megawatt hour announced by Bloomberg New Energy Finance earlier in November.

“The announcement is an essential milestone for our ambition to increase our production of renewable power,” Vattenfall CEO, Magnus Hall said. “We are already the second largest offshore player globally. The winning bid of EUR 49,9 per megawatt hour proves that Vattenfall is highly competitive and brings down the costs for renewable energy.”

When power starts flowing out of the 1.3 billion euro project, it will produce enough electricity to light up about 600,000 homes in Denmark, which represents about 23 percent of all households in the country.

Source: inhabitat.com

How to increase domestic production and consumption

dejan_lazarevic_100316There is a long list of completed projects of ESCO company headed by Mr. Dejan Lazarević. AD Imlek, Meat Industry Neoplanta, Knjaz Miloš AD Aranđelovac and many other local companies  cooperated  with  ESCO  company.  During  the  conversation with Mr. Lazarević, we found out what are the difficulties and the highest potentials in Serbia when it comes to renewable energy  sources  and  why  we  can  become  energy-dependent  if  we  follow  all  pieces  of  advice  of  world  experts.  Our  interlocutor  emphasized  repeatedly  that  so-called  ‘industrial  patriotism’  is  the  most important and the revival of domestic economy which should be the biggest consumer. Energy efficiency should be increased but because of our own interest.

–  I  think  that  the  topics  of  pollution  reduction  and  similar,  are  the  trend of globalist energy subjugation. They say: close TE Kostolac, do this or that, but we have not revitalized the existing and we have not upgraded what we possess. That is how you become energy- dependent. The story of ecology is true, we should preserve the nature  and  the  environment,  but  you  cannot  close  plants  under  these slogans. We have sold our economy, companies engaged in food processing, companies that process water and now there is energy sector left.

As for the renewable energy, it is a very broad term. There are biogas, biomass, geothermal energy, says Mr. Lazarević, and technically nothing is impossible, but it is very difficult to bring the project to the point of profitability. What is the return on investment, will you ever  return the investment, and there is yet another question who can apply that? Big industry that no longer exists or local government?  – wonders Mr. Lazarević and adds that it is important what are you replacing with what!

– You have cheap electricity, cheap coal and now it needs to be changed. We are all pushed in renewable energy, but the system has not been completed yet. The industry barely makes ends meet, and then it is required to invest in one, then in other measure. ESCO is that company that should by default provide the service, share some profits, and invest in measures. We also prepare the pre- investment documentation, feasibility studies based on which the company decides whether to enter into a usiness, and the motive in business is always profit – explains Mr. Lazarević and says that the studies are submitted to other auditing firms to be checked. – Simply, one plant is not isolated, not just for itself, but in the chain and in that chain they all affect each other. Since everything stagnates in the industry, you cannot set as the priority objective the increase of the use of energy from renewable energy sources, which can be  in  the  third  place.  First  you  must  increase  consumption  and  production. According to the opinion of Mr. Lazarević, biomass is completely unexploited. Then the potential of crop residues, waste… This resource should be used in projects that are planned  through  models  of  public-private partnership.

– Those things that are pushed are  always  in  someone’s  interest.  Banks  have  their  own  products,  their  credit  lines and they are interested to  be  sure  where  the  lowest  risks  are.  In  the  energy  system  it  is  important to have balance, because if you produce more energy it will be difficult to charge that. And if you take electricity from someone else’s system, you will pay that dearly.

Interview by: Vesna Vukajlović

The Electric Porsche Needs to Roar

Photo: Pixabay
Photo: Pixabay

In his years overseeing the development of Porsche’s Cayman and Boxster two-seaters, Stefan Weckbach never faced a hurdle like the one he encountered when shepherding the company’s first all-electric car to market: acoustics. Electric vehicles, it seems, may be too quiet to be considered Porsches. “Our customers are very emotional about sound,” says Weckbach, the chief of the brand’s push to introduce an electric sedan in 2019. “They told us, ‘We like the growl of your engines, and we expect something similar for an electric.’ ”

For the past two years, Weckbach has led a team of about 30 developing the Mission E, a four-door sedan that looks something like a scaled-down Panamera. That team—each member with a specialization such as design, logistics, or finance—can dip into Porsche’s pool of thousands of experts who deal with challenges ranging from the arcane (the strength of the door hinges) to the fundamental (will a model be a roadster or ­sport-utility vehicle?).

Porsche’s effort comes as the industry starts to pay more attention to electrics and the European Union prepares rules to go into effect in 2020 that dramatically tighten limits on carbon dioxide emissions. Mercedes-Benz has created a new brand, EQ, for its zero-emission cars. Audi, Porsche’s sister brand at Volkswagen, is planning a battery-powered SUV in 2018 and at least two more electrics by 2020. BMW, which launched its electric i3 city car in 2013, is preparing an electric SUV and a Mini. And Tesla has seen strong sales of its $65,000-plus Model S and plans to start selling the $35,000 Model 3 next year.

By 2020 global sales of battery-powered vehicles will quadruple to more than 1.2 million, according to researcher LMC Automotive. “The whole industry is turning toward electric mobility, and Porsche has to be there, too,” says Stefan Bratzel, an auto industry researcher at the University of Applied Sciences in Bergisch Gladbach, Germany.

Porsche has budgeted about €1 billion ($1.1 billion) for the Mission E, including a new paint shop and assembly hall under construction near the factory in Stuttgart where it makes the 911 and Boxster. The company says it will hire 1,400 people to design, market, and build the car, with most of those coming on board in 2018 as production tests gear up. The next model in the lineup hasn’t been determined, but it will likely be announced well before the Mission E hits the market. “We want to epitomize the sports car of the future,” says Porsche Chief Executive Officer Oliver Blume.

While Porsche has been building electric prototypes for the better part of a decade—and founder Ferdinand Porsche developed an electric in 1898 that looked like a horseless carriage—the current effort began in earnest in 2014. Toward the end of that year, Weckbach started assembling his team, which had been given an almost impossible task: prepare a drivable prototype for the Frankfurt International Auto Show in September 2015. Porsche’s designers had been sketching ideas for several months, and Matthias Müller—Porsche’s CEO at the time and now head of Volkswagen Group—had decreed that the first car would be a sedan. “The traditionalists wouldn’t be ready for a real electric sports car,” says Jürgen Pieper, an analyst at Bankhaus Metzler in Frankfurt.

The designers had to be coaxed back to reality in terms of what was achievable, Weckbach says. With no engine up front (electrics typically use motors attached directly to the wheels or axles), the car could have a very low front end—just not as low as the designers wanted, because various components needed to sit in front of the passenger compartment. “At times, we were literally fighting over millimeters,” Weckbach recalls.

Source: Bloomberg.com

Report: Low-Carbon Now Dominates UK Power System

Photo: Pixabay
Photo: Pixabay

More than half of the electricity generated in the UK now comes from low carbon sources such as wind, solar, nuclear energy and biomass, according to a new study which underlines the stunning transformation taking place in the UK energy sector.

The study, released today by Imperial College London in collaboration with Drax, shows that in the third quarter of this year wind, hydro, nuclear, biomass, solar and low carbon electricity imports from France together delivered 50.2 per cent of Britain’s electricity.

That is more than double the level in 2010, when just 20 per cent of electricity came from low carbon sources. Since then the volume of alternative generation sources has exploded in the UK: wind capacity has grown sixfold to hit 26GW and biomass has jumped from almost nothing to 2GW of capacity.

The study also shows the marked decline in coal-fired electricity generation in the UK, which delivered just three per cent of Britain’s electricity last quarter, down from 38 per cent in 2012. Over the last 12 months 3.2GW of new wind and solar capacity has come online in the UK grid, while a quarter of the country’s coal capacity has shut down.

All this has led to an impressive drop in emissions. Over the last four years emissions from electricity production have fallen a staggering 56 per cent, plummeting by a third in the last 12 months alone, the report notes.

“This report shows Britain’s energy system is changing dramatically and we are seeing real benefits,” Drax power chief executive Andy Koss said in a statement. “Cleaner energy has reached a record high, and carbon emissions from electricity hit a record low.”

Nuclear energy provided the highest proportion of low carbon power, delivering 26 per cent of electricity over the period, followed by onshore and offshore wind which delivered 10 per cent. Solar provided five per cent and biomass delivered four per cent of the power mix. Low-carbon imports from France added an extra four per cent, and hydro one per cent.

Current government predictions see the country’s remaining coal-fired power plants closing by 2022. It has promised to shut down all unabated coal plants by 2025 at the latest.

Source: businessgreen.com

California Officially Becomes the First State to Ban Plastic Bags

Foto: Pixabay
Photo: Pixabay

California just made history by becoming the first state in the Union to officially ban plastic bags. The California Plastic Bag Veto Referendum (Proposition 67) was approved by voters on Nov. 8 by a narrow margin of 51.97% in favor to 48.03% opposed. The narrow win came despite a $6 million campaign waged by the out-of-state plastic bag industry.

“California voters have taken a stand against a deceptive, multi-million dollar campaign by out-of-state plastic bag makers,” said Californians Against Waste (CAW) campaign co-chair, Mark Murray. “This is a significant environmental victory that will mean an immediate elimination of the 25 million plastic bags that are polluted in California every day, threatening wildlife.”

The writing was already on the wall for plastic bags in California, as San Francisco banned plastic bags in 2007 – with nearly half the state following suit soon after. The California State Legislature passed Senate Bill 270 in 2014, which was signed into law by Governor Jerry Brown. But, according to the Sacramento Bee, the American Progressive Bag Alliance led a campaign to repeal the bill, claiming it would kill thousands of jobs in a state and cost residents hundreds of dollars each year in bag fees.

Voters soundly defeated Proposition 65, a related measure that proposed an environmental fund created with the proceeds from a 10-cent fee on the sale of cloth and other alternative bags.

Source: inhabitat.com

IRENA/ADFD Open Fifth Round of Funding for Renewable Energy Projects

The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have officially opened the fifth round of funding for renewable energy projects in developing countries. The funding round of approximately USD 50 million is part of ADFD’s USD 350 million (AED 1.285 billion) commitment offering concessional loans to renewable energy projects endorsed by IRENA.

Since 2012, the IRENA/ADFD Project Facility has enabled USD 333 million in loans to 15 renewable energy projects in 14 developing countries. Selected projects thus far have included off-grid, mini-grid and on-grid projects using wind, solar, hydro, geothermal and biomass sources. Thanks to the first three cycles, more than 68 megawatts of renewable energy capacity will be brought online, improving the livelihoods of 760,000 people.

“Many developing countries are blessed with abundant renewable energy resources, yet access to financing can still hinder development,” said IRENA Director-General Adnan Z. Amin. “IRENA’s partnership with ADFD helps overcome this challenge by offering concessional loans to quality renewable energy projects in developing countries, which then leverage additional investment. Funding from the Facility helps boost renewable energy deployment and trigger economic growth, offering sustainable and affordable energy to people with limited or no access to electricity.”

His Excellency Mohammed Saif Al Suwaidi, Director-General of ADFD added, “The IRENA/ADFD Project Facility is a pioneering partnership that supports the developing world’s energy needs by tapping into their abundant renewable energy sources. Selected projects have the potential to improve the livelihoods of millions of people by facilitating sustainable economic growth, bolstering energy security and expanding energy access. This collaboration with IRENA exemplifies our core business of partnerships and alliances to drive advancements in all key economy sectors, especially the renewable energy sector, which will guarantee a long-term, sustainable and environmentally conscious future. At ADFD, our aim is to provide governments with the financial resources and instruments to achieve their desired development goals and ensure a secure future for their citizens.”

Through the Facility, ADFD provides consessional loans ranging from USD 5 million to USD 15 million per project. Finance is offered at 1 to 2 per cent lending rates with a 20-year loan period, including a 5-year grace period. Loans for each project cover up to half of the estimated project cost so additional co-financing must be acquired from other sources. To help facilitate additional sources of funding, project developers can register and seek financing sources from IRENA’s Sustainable Energy Marketplace.

Only projects located IRENA Member States, Signatories of the Statute, or States in Accession are eligible to apply. Applications are evaluated by an international panel of experts who review the projects based on technical feasibility, economic/commercial viability and socio-economic and environmental benefits.

The deadline for applications for the fifth cycle is 15 February, 2017. Results will be announced in January 2018.

Source: irena.org

Batteries from junkyard scrap metal and household chemicals?

Photo: Pixabay
Photo: Pixabay

The increasing importance of batteries for electric cars, renewable energy, and consumer electronics has researchers looking for alternatives to the currently-dominant lithium-ion chemistry.

But could one of those alternatives be a combination of junkyard scrap metal and household chemicals?

That’s what a group of researchers are proposing, in the hope of making better use of these discarded materials.

A team from Vanderbilt University constructed a working battery by placing scraps of steel and brass in a glass jar, and added potassium hydroxide, an inexpensive salt used in laundry detergent.

They claim the resulting battery can store energy at levels comparable to conventional lead-acid batteries, and can charge and discharge at rates comparable to current supercapacitors.

As described in a paper published in the journal ACS Energy Letters, the key to this junkyard battery is anodization of the metal components.

Anodization is a chemical treatment, commonly used on aluminum, to provide a durable finish to metal.

When scraps of steel and brass are anodized by a combination of chemicals and electrical current, researchers found that their surfaces were restructured into “nanometer-sized networks of metal oxide.”

These surfaces can store and releasing energy when reacting with the battery’s water-based liquid electrolyte.

Because the electrolyte is water-based and thus non-flammable, the researchers noted that combustion is not an issue, as it can be with lithium-ion batteries.

In tests, the battery retained 90 percent of its initial capacity after 5,000 charging cycles, researchers said.

The research team was inspired to undertake this unusual project by the “Baghdad Battery,” which many consider to be the world’s oldest battery.

It consisted of a ceramic terracotta pot, a copper sheet, an iron rod, and some form of electrolyte, according to common interpretations of its design.

As with most battery research projects, it’s worth noting that the steel-brass scrap battery’s performance in the laboratory may not translate into results that are applicable in the real world.

The research team plans to continue working on the concept, including building a full-size battery that can provide power to an energy-efficient “smart home.”

The team’s goal is not commercialization, said Cary Pint, assistant professor of mechanical engineering at Vanderbilt and project boss.

Instead, researchers want to create a “clear set of instructions that can be addressed to the general public,” he said.

Source: greencarreports.com

 

Tiny Power Plant Sucks CO2 From The Air And Turns It Into Fuel

Photo: Pixabay
Photo-illustration: Pixabay

Ineratec, an offshoot of Karlsruhe Institute of Technology (KIT), has devised a creative solution to the excess carbon dioxide (CO2) soaking the atmosphere. The company developed a small power plant that sucks CO2 out of the air and turns it into fuel. Researchers aim to switch on a pilot plant, called the Soletair Project, at the VTT Technical Research Centre of Finland later this year.

Ineratec’s mini power plant is so small it can fit inside a shipping container. KIT says there are three parts to the system: a microstructured reactor, a direct air capture unit created by VIT, and an electrolysis unit which runs on solar power created by Lappeenranta University of Technology (LUT). The direct air capture unit extracts CO2 out of the air and then the reactor converts the CO2 and regenerative hydrogen via the electrolysis unit into fuel. The Ineratec founders say the system can produce gasoline, kerosene, or diesel.

Ineratec founder Tim Böltken told New Atlas, “We supply an entirely new, modular technology that is a real alternative to the costly large chemical facilities used for the conventional gas-to-liquid process.” Böltken said there are many other possible applications for the plant, including gathering fuel from sewage treatment facilities. He also suggested organic farmers might be able to use the system to generate energy.

VTT Principal Scientist Pekka Simell said in a statement, “The project will produce expertise for enterprises in various fields, and it will result in a multidisciplinary industrial integration that no one company can achieve on its own.”

VTT and LUT will build a demonstration plant set to being operating this year, and in 2017 LUT plans to continue testing. According to KIT, Ineratec is planning to commercialize the compact plant, which could hit the market in 2018.

Source: inhabitat.com

Aruba Commits to 100% Renewable Energy

Photo: Pixabay
Photo: Pixabay

While many nations are taking steps toward energy independence, Aruba is diving in.

In 2012, the small island nation pledged to transition to 100 percent renewable energy within eight years.

Justin Locke is director of the island energy program at the Carbon War Room, an international nonprofit. He said it makes sense for islands to switch to clean power.

“Islands currently pay some of the highest electricity prices in the world. At the same time, they also have some of the best renewable energy resources,” added Locke.

Aruba’s plan includes building new solar and wind farms, converting waste to energy, and working to increase energy efficiency.

The country is also pursuing creative new strategies to reduce power demands. For example, the utility company is working to provide air conditioning using ice that is produced at night when electricity costs are lower.

“Islands provide an incredible blueprint, or guiding light, for what a renewable economy could look like from a technical, financial, and regulatory perspective, because they are actually moving in that direction now,” said Locke.

Today, Aruba gets nearly 40 percent of its energy from clean power and intends to reach 100 percent in several years.

Source: ecowatch.com

German Coalition Agrees to Cut Carbon Emissions up to 95% by 2050

Photo: Pixabay

Germany’s coalition government has reached an agreement on a climate change action plan which involves reducing greenhouse gas emissions by 80 to 95% by 2050, a spokesperson said on Friday.

The plan, which will require German industry to reduce its CO2 emission by a fifth by 2030, and Germany’s energy sector to reduce emissions by almost a half, will be reviewed in 2018 with a view to its impact on jobs and society.

“Especially the sector targets, included in the climate protection plan, will be subject to a comprehensive impact assessment,” government spokesperson Georg Streiter said at a news conference. He said the government agreed that the reduction targets could be adjusted in 2018.

The last-minute breakthrough spares the German government some blushes for its representatives at next week’s high level segment of the Marrakech climate change conference , where pressure on Germany to show global leadership have increased after Donald Trump’s victory in the US elections.

Germany’s environment minister Barbara Hendricks first presented a list of ambitious CO2 reduction targets for various economic sectors in 2015. But proposals had subsequently become bogged down by special pleading from ministers in her own governing coalition, especially the conservative-run ministries for agriculture and transport.

Even Social Democrat leader and deputy chancellor Sigmar Gabriel had until recently vetoed the plans, expressing concerns that a phase-out of brown coal, which causes the highest CO2 emissions per ton when burned, could lead to large-scale job losses in affected regions.

According to Reuters, the final plan contains lower reduction targets for power plants than proposed in earlier drafts. A call for introducing a minimum price for pollution certificates in the European Union’s carbon trading scheme was also reportedly scrapped.

Gabriel, who is also Germany’s economic minister, said on Friday that the agreed plan represented “a very good and well-balanced solution”. He added: “Other countries will only follow in the footsteps of our very ambitious climate policy if we manage to combine the fight against climate change with the protection of industrial jobs even in energy-intensive sectors”.

The president of the Association of German Industry (BDI) criticised the action plan : “In order for [German] climate policy to set the standard around the world, it has to be manageable for businesses and allow them to remain competitive,” Ulrich Grillo said. “That’s why we reject arbitrary and tonne-high reduction targets for individual sectors.”

A spokesperson for Greenpeace International welcomed the German government sticking to its list of sector-specific reduction targets. “By committing to halving emissions in the energy sector, the government’s climate action plans effectively hail the phase-out of the coal industry and the end of the era of the combustion engine,” said climate expert Karsten Smid.

“But given that Germany’s renewables revolution is now moving at a snail’s pace, it will no longer be able to claim a leadership role on climate protection.”

Source: theguardian.com

EIB provides EUR 100m to Gruppo Dolomiti Energia with an EFSI guarantee

dcpThe European Investment Bank (EIB) is supporting Gruppo Dolomiti Energia’s 2017-2020 development plan with a EUR 100m loan. The operation will be guaranteed by the European Fund for Strategic Investments (EFSI), the guarantee fund set up as part of the Investment Plan for Europe (IPE) – the so-called “Juncker Plan”.

EIB resources will cover around half of the overall cost of Gruppo Dolomiti Energia’s investment, which is aimed at renewing and developing gas and electricity distribution networks and strengthening and maintaining hydroelectric plants in the province of Trento in northern Italy, the main area in which Dolomiti Energia (1 400 employees, turnover of EUR 1.3bn in 2015) operates.

Dolomiti Energia Holding Chairman Rudi Oss added: “For us, obtaining this loan and the European Fund for Strategic Investments guarantee serves as confirmation of the value of our projects. The EIB’s positive opinion of the Group’s investment plan for the next four years will enable us to respond even more efficiently to local energy demand, contributing to growth and sustainability in the areas in which we operate.”

Source: eib.org

Holding the line

The issue that currently dominates the outlook for the oil market is the outcome of OPEC’s ministerial meeting in Vienna on 30 November. It has only been two months since OPEC last met in Algiers and announced it would examine how to set up a production ceiling of between 32.5 mb/d and 33.0 mb/d. OPEC also said it would seek to bring leading non-OPEC producers into the process. We can’t predict the outcome of the 30 November meeting, but we can see the scale of the task ahead. In this report we estimate that OPEC members pumped 33.8 mb/d in October, well in excess of the high end of the proposed output range. This means that OPEC must agree to significant cuts in Vienna to turn its Algiers commitment into reality.

Whatever the outcome, the Vienna meeting will have a major impact on the eventual – and oft-postponed – re-balancing of the oil market. But it is not the only factor at play. Unfortunately for those seeking higher prices, an analysis of the other components provides little comfort. The world’s biggest crude oil producer Russia will see its output increase by 230 kb/d in 2016, and sustained production at current record levels would result in growth of nearly 200 kb/d next year. With production also expected to grow in Brazil, Canada and Kazakhstan, total non-OPEC output will rise by 0.5 mb/d next year, compared to a fall of 0.9 mb/d in 2016. This means that 2017 could be another year of relentless global supply growth similar to that seen in 2016.

On the demand side of the oil balance, our outlook for world oil demand growth at 1.2 mb/d in 2016 and 2017 remains unchanged. There is currently little evidence to suggest that economic activity is sufficiently robust to deliver higher oil demand growth, and any stimulus that might have been provided at the end of 2015 and in the early part of 2016 when crude oil prices fell below $30/bbl is now in the past.

If the OPEC countries do implement their Algiers resolution the resultant production cut will see the market move from surplus to deficit very quickly in 2017, albeit with a considerable stock overhang that will take time to deplete. On the other hand, if no agreement is reached and some individual members continue to expand their production then the market will remain in surplus throughout the year, with little prospect of oil prices rising significantly higher. Indeed, if the supply surplus persists in 2017 there must be some risk of prices falling back.

It is not the role of the IEA to urge any oil industry player to take one course of action rather than another, and we are not doing so now. Over time, market forces will do their job and the oil price will respond to the signals provided by demand and supply. What the IEA has argued for consistently is the need for investments necessary to meet rising oil demand. Such investments ensure that the market remains close to balance and that prices are as stable and as fair for both producers and consumers as can ever be possible in such a dynamic industry.

Source: iea.org

Patricia Espinosa Outlines 5 Key Areas of Action

Photo: en.wikipedia.org

The UN Climate Change Conference in Marrakech kicked off on Monday, just three days after the Paris Climate Change Agreement entered into force.

Photo: Wikipedia/Embamexsep

In her opening address Patricia Espinosa, Executive Secretary United Nations Framework Convention on Climate Change said that whilst early entry into force of the Paris Agreement is a clear cause for celebration, it is also a timely reminder of the high expectations that are now placed on governments:

“Achieving the aims and ambitions of the Paris Agreement is not a given. We have embarked on an effort to change the course of two centuries of carbon-intense development. The peaking of global emissions is urgent, as is attaining far more climate-resilient societies.”

Ms. Espinosa underlined 5 key areas in which work needs to be taken forward, notably on:

-Finance to allow developing countries to green their economies and build resilience. Finance is flowing . It has to reach the level and have the predictability needed to catalyse low-emission and climate-resilient development.

 -Nationally determined contributions – national climate action plans – which now need to be integrated into national policies and investment plans.

-Support for adaptation which needs to be given higher priority, and progress on the loss and damage mechanism to safeguard development gains in the most vulnerable communities.

-Capacity building needs of developing countries in a manner that is both tailored and specific to their needs.

 Fully engaging Non-Party stakeholders, from the North and from the South, as they are central to the global action agenda for transformational change.

“Our work here in Marrakech must reflect our new reality. No politician or citizen, no business manager or investor can doubt that the transformation to a low-emission, resilient society and economy is the singular determination of the community of nations,” she said.

Source: newsroom.unfccc.int

 

Indonesia, Vietnam look to blaze trail for solar in Southeast Asia

Photo: Pixabay

Indonesia and Vietnam are looking to join Thailand in blazing a trail for solar power in Southeast Asia, introducing targets to fire up green energy generation as a landmark global agreement to curb pollution is set to take effect.

Countries around the world are coming under increasing pressure to crack down on carbon emissions from sectors such as coal-fired power stations, with the historic Paris climate accord coming into force this Friday after it was signed last year.

Indonesia and Vietnam aim to each have annual solar power capacity of at least 5 gigawatts (GW) from 2020, up from close to nothing now, officials from both governments told Reuters.

That level of output would have placed the countries among the top 15 solar producers in the world in 2015 data from the International Renewable Energy Agency (IRENA), and would account for close to 9 percent of expected power generation in Indonesia and Vietnam at the turn of the next decade.

The regional push towards solar will add momentum to global growth in the technology and could benefit companies such as Canada’s CMX Renewable Energy Inc, as well as South Korea’s Shinsung Solar Energy and Hanwha Q Cells Korea Corp.

“It will come very quickly as it takes a short time for construction,” Hoang Quoc Vuong, Vietnam’s Vice Minister of Industry and Trade, said on the sidelines of an industry conference last week.

However, with initial costs traditionally seen as a big deterrent to solar projects, both Indonesia and Vietnam will be offering opportunities for subsidies via so-called feed-in tariffs (FIT), allowing producers to lock in sales of renewable energy at fixed prices for a few years.

“If we promote solar, there has to be subsidy,” said the Vietnam official.

“Feed-in tariffs have been issued so that the (5 GW) target can be achieved,” said Maritje Hutapea, director of various kinds of energy at the Renewable Energy Directorate General under Indonesia’s Energy Ministry.

France’s Engie (ENGIE.PA) is in talks with state power company PLN for two solar projects of 200 MW.

Source: uk.reuters.com