Dearth of West Coast Terminal Capacity for U.S. Coal Producers Pinning Hopes on Exports

first_img FacebookTwitterLinkedInEmailPrint分享SNL:Western producers looking to export coal through the Pacific Coast are seeing their options dwindle as existing ports reach capacity and hopes for new ones dim.“The West is kind of limited in that you have a couple of ports in California and the main ones in Canada,” said William Wolf, vice president of business and market analysis at John T. Boyd Co. “You can only run so many tons through those facilities at this time.”Ridgway does not see much opportunity for these ports to grow because environmental groups in California would likely put a stop to any plans that would increase coal train traffic.Meanwhile, three proposed projects that could offer West Coast export options have hit major roadblocks. Oakland’s city council voted unanimously in June 2016 to prohibit coal shipments in the city, affecting the planned Oakland Bulk and Oversized Terminal in California, though the developer is suing to overturn the ban. The U.S. Army Corps also stopped the permitting process in May 2016 for the planned Gateway Pacific terminal in Washington state. An outgoing official threw a further obstacle in front of Pacific Gateway when he announced in January the expansion of an aquatic reserve to include the area where the terminal was planned. And in November 2016, an Oregon state agency announced the withdrawal of cases related to the planned Morrow Pacific coal terminal.More ($): Coal miners eyeing Asia market pin hopes on Wash. port as other options dry up Dearth of West Coast Terminal Capacity for U.S. Coal Producers Pinning Hopes on Exportslast_img read more

Solar bids hit new record low in India

first_imgSolar bids hit new record low in India FacebookTwitterLinkedInEmailPrint分享Clean Technica:Two of India’s leading solar power developers have managed to win possibly the largest capacities ever awarded in a single tender in the country.Acme Solar and Azure Power managed to secure the rights to develop 600 megawatts of capacity each in the largest solar power tender issued by the Solar Energy Corporation of India to date. The tender is jointly the largest tender issued in the country ever. Tenders with 2 gigawatts of capacity each were issued by the states of Jharkhand and Telangana.The tender was issued in January this year and attracted bids worth 2.95 gigawatts in the final round of auction from eight developers. Acme Solar and Azure Power each placed successful bids to develop 600 megawatts of capacity. While Acme Solar placed the lowest-bid of Rs 2.44/kWh (3.55¢/kWh), Azure Power secured the capacity at Rs 2.53/kWh (3.69¢/kWh).The bid of Rs 2.44/kWh (3.55¢/kWh) is jointly the lowest-ever in Indian solar power markets.Other successful bidders include Shapoorji Pallonji (250 megawatts), Hero Future Energies (250 megawatts), and Mahindra Susten (250 megawatts). Adani Green Energy also placed a bid for 500 megawatts, but managed to secure only 50 megawatts due to over-subscription of the tender.The reasons for such low tariff bids are multi-fold. One, the developers are free to set up projects wherever they want, and the capacity on offer is very large. Second, the power purchase agreements will be signed with SECI—a government-owned company—which represents very low risk. Third, no charges for transmission of solar power across different states.More: India’s largest solar tender yields lowest tariff everlast_img read more

Serbia’s first utility-scale wind farm to open in October

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:Belgian renewable energy firm Elicio NV said on Friday its 42 megawatt (MW) Alibunar wind farm in northern Serbia will start operating in October and help the Balkan country diversify its energy mix and reduce greenhouse gas emissions.The wind farm, which has 21 wind turbines provided by German wind turbine manufacturer Senvion, is the first large-scale farm to connect on Serbia’s grid. Elicio NV already operates the 8 MW Malibunar wind farm in Serbia.The Alibunar farm, was built at a cost of 80 million euros ($93.60 million), financed mainly through a syndicated loan provided by the International Finance Corporation (IFC) and a number of commercial banks, a spokeswoman for Elicio’s Serbian branch told Reuters.The project will help reduce Serbia’s carbon emissions by more than 120,000 tonnes per year.She said the company has earned a status of a temporary privileged electricity producer and signed a power purchase agreement with the state-run power utility Elektroprivreda Srbije (EPS) for 12 years.Serbia, which produces 70 percent of its energy from coal and the rest from hydropower, aims to generate 27 percent of its energy consumption from renewables by 2020. The country’s energy minister said this week it will have 500 MW of installed wind power capacity by 2020.More: Serbia’s first large-scale wind farm to start in October Serbia’s first utility-scale wind farm to open in Octoberlast_img read more

Mitsui considering sale of Australia coal mine stake

first_img FacebookTwitterLinkedInEmailPrint分享ET Economic World:Japanese trading firm Mitsui & Co Ltd may sell its stake in an Australia thermal coal mine in the face of growing pressure to divest coal assets amid mounting concerns over climate change, its chief executive officer said on Wednesday.“We’ve made it clear that we won’t invest in new thermal coal mining projects,” Mitsui President and Chief Executive Officer Tatsuo Yasunaga told analysts. “We will consider selling our stake in an Australian mine which produces only thermal coal if there is a good opportunity,” he said.The trading company has said it would trim its thermal coal assets in the long term amid growing pressure worldwide for companies to cut reliance on the fossil fuel, but would continue to invest in coking coal – a key raw material for steel-making.Rival Marubeni Corp said in September that it would halve its net coal-fired power generating capacity by 2030 to reduce its greenhouse gas emissions.Under a goal unveiled in July, Mitsui also aims to double the ratio of power generating capacity from renewable energy to 30 percent in its total capacity by 2030 while cutting the portion of coal-fired power. Mitsui’s total net power generating capacity stood at 9.1 GW as of September, with coal-fired power accounting for 22 percent, gas-fired power 62 percent and renewable 16 percent.More: Japan’s Mitsui may sell stake in Australia thermal coal mine Mitsui considering sale of Australia coal mine stakelast_img read more

IKEA adds solar PV systems to its product lineup in Germany

first_img FacebookTwitterLinkedInEmailPrint分享PV Magazine:On Wednesday Ikea will launch its photovoltaic “Solstrale” offer in Germany, with the date having been brought forward from February 1. Since October, Ikea has been testing the offer in German stores in Kaarst, Eching, Walldorf, Ulm and Freiburg.“We are very satisfied with the demand so far and have been able to convince some Ikea visitors in the five stores of our offer,” said Sustainability Manager Christiane Scharnagl. The company was unable to report sales figures at pv magazine’s request, or to provide expectations about future sales.The online offer will not differ from that available during the test phase. The Solstrale PV package is available from €4,730 and applies to a fully installed photovoltaic system without home storage. There is also a higher priced package available at Ikea.The offers are available at ikea.com/solar, a spokeswoman for the company said. As a partner, the group continues to work with British solar company Solarcentury, which has set up a German subsidiary to implement Ikea orders. “We offer an integrated service from development to construction and operation,” said Dennis de Jong, CEO of Solarcentury Microgen (Germany).“We are delighted to hear from all of our five furniture stores that customers are very interested in our range of home solar systems,” said the Ikea spokeswoman. In addition, the Swedish furniture company will soon launch German marketing campaigns for its Solstrale offering.Ikea already sells residential PV systems in Belgium, the U.K., Poland, the Netherlands and Switzerland.More: Ikea begins online sale of PV residential module systems in Germany IKEA adds solar PV systems to its product lineup in Germanylast_img read more

India’s NTPC plans to add 10GW of solar generation by 2022

first_img FacebookTwitterLinkedInEmailPrint分享The Economic Times:State-owned power giant NTPC is planning to add 10GW of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds, a source has said.At present, NTPC has installed renewable energy capacity of 920MW, which includes mainly solar energy. It has formulated a long-term plan to become a 130GW company by 2032 with 30 percent non-fossil fuel or renewable energy capacity.“The company will complete tendering of 2,300MW of solar energy capacity by the end of this fiscal. Thereafter, it has planned to add 4GW each in 2020-21 and 2021-22.”“The company is open to any borrowing option in the market, which is economical. However, it would mainly rely on green bonds which are offered for pure clean energy projects. The company wants to raise money through domestic as well as overseas green bonds,” the source said.The NTPC’s plans to add 10GW solar energy capacity assumes significance in view of India’s ambitious target of having 175GW of clean energy by 2022.More: NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022 India’s NTPC plans to add 10GW of solar generation by 2022last_img read more

Total forms joint venture with Adani Group to target India’s renewable energy market

first_imgTotal forms joint venture with Adani Group to target India’s renewable energy market FacebookTwitterLinkedInEmailPrint分享Nikkei Asian Review:French energy supermajor Total has invested more than 37 billion rupees ($487 million) to form a renewable power joint venture with India’s Adani Group. The deal, finalized Tuesday, splits the ownership 50-50 between Total and the Indian conglomerate’s Adani Green Energy unit.The French company is pursuing clean energy amid the global push toward lower carbon dioxide emissions. Despite India’s current nationwide lockdown, Total sees demand for renewables growing in the long run as the government tackles air pollution.The joint venture takes over Adani’s solar projects, which span 11 Indian states and field a total power generating capacity of roughly 2 gigawatts. Through the partnership with Total, Adani plans to expand all renewable energy capacity, including solar, to 25 GW by 2025.The Indian government seeks to double renewable energy output to 175 GW in 2022, up from 86 GW as of November 2019. New Delhi targets capacity of 450 GW in the long term, focusing on solar energy.More: France’s Total invests $500m in India renewables with Adani Grouplast_img read more

Lloyd’s insurer Apollo to stop covering Adani’s Carmichael coal mine in September 2021

first_imgLloyd’s insurer Apollo to stop covering Adani’s Carmichael coal mine in September 2021 FacebookTwitterLinkedInEmailPrint分享Reuters:Lloyd’s of London firm Apollo has written insurance for Adani Enterprises’ Carmichael thermal coal mine which expires in Sept 2021 but is not planning to provide any further insurance for the mine, according to a memo seen by Reuters.Carmichael has provoked controversy in Australia because it would open up a new thermal coal basin at a time of growing concerns over global warming, in a region that is in need of jobs. Adani has begun construction at Carmichael, which will start by producing 10 million tonnes of coal per year together with an associated rail project, and expects first production in 2021.“We participate in one construction liability policy in respect of Adani Carmichael…this particular policy terminates in September 2021 after which we will no longer provide any insurance cover for this project,” chair of Apollo Syndicate Management Julian Cusack said in the memo.“We have recently declined to participate in an additional policy relating to the port and rail extension and have agreed that we will not participate in any further insurance policies for risks associated with this project.”Cusack confirmed to Reuters via LinkedIn that he had written the memo. Adani did not immediately respond to a request for comment.Lloyd’s of London, which has more than 90 syndicate members, does not have an overarching policy on coal, though the Stop Adani campaign says 17 Lloyd’s insurers have ruled out insuring the mine.[Carolyn Cohn]More: Lloyd’s insurer Apollo to stop underwriting Adani coal mine from September 2021last_img read more

Western Australia green hydrogen project moves a step closer to reality

first_imgWestern Australia green hydrogen project moves a step closer to reality FacebookTwitterLinkedInEmailPrint分享Renew Economy:Plans for a massive green hydrogen production facility in Western Australia are a step closer to realisation, after the proponents secured an agreement with Western Power to undertake initial studies for new transmission network link.Infinite Blue Energy is proposing to build one of the world’s largest renewable hydrogen production facilities in Western Australia, with a $350 million plan for the Arrowsmith green hydrogen project that would include 160MW of onsite wind and solar projects and the ability to produce as much as 25 tonnes of zero emissions hydrogen each day.While the Infinite Blue Energy plans to produce more than three-quarters its power needs from the onsite renewable energy projects, the company has secured an agreement to partner with Western Power to undertake initial planning work for an additional 330kV transmission network link to the proposed green hydrogen facility.The network connection would allow the project to draw upon renewables being produced elsewhere in the Western Australian grid and to continue producing green hydrogen during periods when local wind and solar availability is low.Through the cooperative agreement, both Infinite Blue Energy and Western Power will progress early studies into an upgraded transmission link between Eneabba to the site of the proposed Arrowsmith project, to be located around 300 kilometres north of Perth.Infinite Blue Energy expects that the project will produce an estimated 5,000GWh renewable electricity each year, with the prospect that some surplus power could be fed back into the grid to serve Western Australian consumers. The results of the network studies will inform Infinite Blue Energy’s final investment decision on the massive hydrogen project, which it expects to make in January next year.[Michael Mazengarb]More: Massive green hydrogen project signs network deal with Western Powerlast_img read more