'New transmission capacity required for green energy conversion'
To make the Danish national economy benefit from a conversion into green energy, investments totalling more than DKK 21bn (EUR 2.8bn USD 3.75bn) in the transmission network in northern Europe have to be carried out, according to a new analysis by Ea Energianalyse for Vestas and Dong Energy.
The investments are required for exports of wind power and bio-mass based electricity, particularly to Germany and the Netherlands. Capacity between Denmark and Norway and Sweden is already high, and there are exchange of electricity between the Nordic countries. The report concludes that Denmark would benefit from exports to countries on the European Continent, where prices are higher.
Electricity exported and imported via Estlink cable
At the moment, electricity is also exported from Finland to Estonia. The Estlink cable that was introduced in 2007 has previously mainly been used to import electricity from Estonia to Finland. Estonian major customers now buy electricity from Finland from time to time because electricity supply in the area has decreased. The deregulation of the Estonian electricity market has also changed the situation.
According to the Nordic electricity exchange Nord Pool, the price of electricity has gone up slightly in Estonia. At times, Finland's exchange price has been lower than the Estonian price. As of 20 September 2010, the whole 350 megawatt capacity of the Estlink connection will be steered in accordance with trading on the electricity exchange.
According to Finland's electricity transmission system operator Fingrid's CEO Jukka Ruusunen, this is a positive development and makes way for the next transmission connection with Estonia. The transmission capacity of the Estlink 2 cable that is to be completed by 2014 will be 650 megawatts.
Fortum invested EEK 1.2bn in Pärnu CHP
Te Finnish Fortum invested the total of EEK 1.20bn (EUR 76.69mn USD 102.01mn)in building the peat/wood chips powered Pärnu CHP in Estonia. Pärnu CHP generated thermal energy will cover the demand for thermal energy in Pärnu. The CHP is put into test production. Eesti Energia collected EEK 18mn from Fortum in linking the CHP into its electricity distribution network.
EDF's marine turbine pilot site to be operational in 2011
Le Figaro, 2010-09-18
French electricity group EDF has announced that its pilot site for marine turbines in Paimpol-Bréhat (known for the intensity of its currents) would become operational in the spring of 2011.
GDF Suez pulls out of Penly plant
Les Echos, 2010-09-23
GDF Suez is pulling out of the Penly nuclear plant project in France after facing stiff opposition from EDF which aims to maintain its monopoly in the sector. It has given up hopes of being a partner operator as well as of building and managing the site itself. Having won this battle, EDF will manage the project, but GDF Suez hopes to operate third generation plants in 2020, and wants to build an Atmea reactor in the Rhône valley.
Eon names cost of nuclear power compromise
Financial Times Deutschland, 2010-09-23
Johannes Teyssen, chief executive of Germany's largest nuclear power plant operator Eon, expects the terms of the extension of the operating life of German nuclear power plants to undermine the company's results by between EUR 700mn and EUR 1bn (USD 1.34bn) per year.
In 2009 Eon posted an adjusted net profit of EUR 5.3bn. Eon will have to pay about 40% of the fuel element tax, which will cost Germany's four nuclear plant operators EUR 2.3bn per year in 2011-16. However, Teyssen expects all of Eon's nuclear power plant to continue to operate profitably.
Inter RAO Lietuva to sell Baltic NPP's output to EU
The Lithuanian electricity distributor, Inter RAO Lietuva, will begin selling electricity produced at the Baltic Nuclear Power Plant (Baltic NPP) being built in Russia's Kaliningrad region.
Inter RAO Lietuva, a subsidiary of Russia's state-owned electricity group, Inter RAO UES, will be in charge of exporting Baltic NPP's output through the planned power links to Poland and Sweden to customers in the EU. Baltic NPP will produce 17.2 TWh of electricity per year by 2020. The nuclear plant's first unit will be launched in 2013.
Electricity consumers to gain freedom across borders
Nordisk Industri, 2010-09-23
The Swedish Energy Markets Inspectorate (Energimarknadsinspektionen), in cooperation with its corresponding organisations in Denmark, Norway and Finland, have worked to formulate a shared electricity market between the countries. They hope that by 2015, households/businesses will be free to choose their electricity providers from any of these countries.
In order for this to work, NordREG (Nordic Energy Regulators) will play a more active role in connection with clients, with electricity network companies sliding out of focus. This way consumers will only have to be in contact with one company regarding their electricity contract. Under these outlines, consumers will only need to deal with the electricity trading company, which will also handle all invoicing and other relevant matters for their business, as well as, for the electricity network providers.
EWZ acquires 20% stake in Jæren Energi
Stavanger Aftenblad, 2010-09-22
A 20% stake in Norwegian local energy company Jæren Energi has been acquired by EWZ Deutschland, the German subsidiary of Elektrisitätswerk der Stadt Zürich (EWZ), the municipal electricity company in Zurich. The shares have been sold by Norsk Vindenergi and Norsk Vindpro, which both have reduced their stakes to 7% respectively from previous 17%.
One fifth of Jæren Energi's wind power production will be exported to Zurich, covering the average electricity consumption of 18,000 households, according to a press release by the City of Zurich. Through holding a stake in the Norwegian company, EWZ also expects benefiting from its technologies when investing in wind power projects in Switzerland.
Fortum to decide about new power plant in Wroclaw in spring
Wirtualny Nowy Przemysl, 2010-09-17
According to unofficial information, Fortum wants to make a decision whether it will build a new heat and power plant in Wroclaw and whether the plant will be fuelled with biomass, gas or coal in March or April 2011.
The company's current strategy envisages investments in Poland, which is considered to be one of the key markets. The new plant is to have a power capacity of some 350 MW.
Fortum and Inter RAO UES sign memorandum of cooperation
Fortum (subsidiary of the Finland-based Fortum) and Inter RAO UES plan to cooperate in the electricity sector. The parties signed a memorandum to jointly explore investment and business opportunities in both Russia and other countries. Within a month, they will create a special working group to consider options for cooperation of two companies.
Centrica seeks rapid planning consent for Hinkley
Mail on Sunday, 2010-09-19
Centrica's chief executive has warned that planning system delays covering the Hinkley nuclear reactor may have an adverse impact on the security of energy supplies. Sam Laidlaw says that rapid planning clearance is imperative, otherwise the British Gas parent and its nuclear construction partner, EDF, may find themselves losing their place in the queue for nuclear construction contracts.
Centrica says that if clearance is not forthcoming by early 2012 for the Hinkley plant, billions of pounds may have to be spent on new gas-fired power facilities. Laidlaw also warned that the UK could be obliged to import around three quarters of its gas requirements.
Severn barrage scheme will not receive public funding
Wales Online, 2010-09-22
Environment Secretary Chris Huhne could sink plans for a massive tidal project in the Severn estuary, which would have run between the Vale of Glamorgan and Weston-super-Mare. The plan, which would have cost GBP 15bn (EUR 17.65bn USD 23.45bn), but produced 5% of the UK's electricity requirements, will not receive any public funding, according to Huhne.
A private consortium has attempted to raise funds for the project, but it is still unlikely to proceed without public backing. A smaller barrage upstream, the so-called Shoots barrage, could go ahead, while the Department for Energy and Climate Change (DECC) says it will look at other schemes also.
Huhne hails Green Deal plan
Construction News, 2010-09-23
The Green Deal has been described by the climate change secretary as the first initiative of its kind across the developed world. The energy-saving plan, to be introduced prior to end-2010, may establish a completely new industry, helping to offset the impact of the budget squeeze, according to Chris Huhne.
Financial incentives will be provided to householders to improve the energy efficiency of their homes, with energy firms paying to insulate properties and their up front investments being recouped by the savings made thereafter. Huhne says that up to 250,000 jobs will be created as a result of work covering 26mn homes.
E.ON officially opens Robin Rigg 180MW offshore wind farm
New Energy Focus, 2010-09-16
German energy group E.ON has officially opened the 180MW Robin Rigg offshore wind farm scheme off the Cumbrian coast in the Solway Firth on 15 September 2010.
The 60-turbine wind farm, which started generating power earlier in 2010, has the capacity to generate enough electricity to power 117,000 homes. Robin Rigg is E.ON's third UK offshore wind farm scheme to be completed, following the Blyth and Scroby Sands projects.