This week, the energy world is discussing the rapid growth in the global market of power lines and other transformations in the modern energy sector that is steadily progressing under the pressure of “green” energy.
1. The world market of power lines will increase more than twice and reach $ 78 billion by 2025
The electricity market is undergoing significant changes. According to GlobalData, in 2020-2025, given the large-scale construction of ultra-high voltage transmission lines in China, the power line market will increase from $ 37.6 billion in 2020 to $ 78.1 billion in 2025, which was reported by power-technology.com. The length of transmission lines was steadily increasing during 2007-2017. Recent GlobalData reports “Integration, Future Projects, Investments, Key Operators and Analysis of Key Countries until 2025” and “Transmission and Distribution (T&D)” show that China and the United States are ranked the first and the second respectively in terms of the length of transmission lines. India is ranked the third (Chart 1).
The reasons for the rapid growth of the power transmission line market lie in the plane of transition of power companies to higher voltage classes in order to reduce electricity losses. Changes in power systems related to the integration of renewable energy sources also significantly affect the market situation. An increase in the capacity of renewable energy requires constant expansion of energy links between countries in order to balance production and demand through export and import of electricity. And this, in turn, requires the construction of high power transmission lines of increased transfer capacity.
Chart 1. Length of transmission lines in 2017
2. Green Climate Fund supports the EBRD’s Green Cities Facilities
According to electricenergyonline.com, the European Bank for Reconstruction and Development (EBRD) received EUR 87 million from the Green Climate Fund (GCF) to finance sustainable urban development in Albania, Armenia, Georgia, Jordan, Macedonia, Moldova, Mongolia, Serbia and Tunisia.
The funding from EBRD and GCF will help cities and utilities to overcome the most acute climatic problems. These are greenhouse gas emissions, adaptation to climate changes, energy intensity, solid household waste management, inefficient street lighting and water supply management.
Thanks to GCF support, cities will develop Green City Action Plans (GCAPs) to identify priority environmental, social and economic issues. This is extremely important from the point of view of environmental safety, because about 70% of carbon dioxide emissions around the world are produced by cities.
GCF support will complement EBRD funding providing for preferential loans, investment grants and technical assistance to nine cities. This initiative is part of the EBRD Green Cities Framework for investing in municipal and environmental infrastructure. In the period 2016-2018 alone, the EBRD will invest about EUR 2.5 billion in municipal projects, which will reduce CO2 emissions by about 800 thousand tons per year.
EUR 87 million provided by the GCF is the first tranche within the total funding of EUR 228 million. In this case, the total financing will help 23 million people and, as it is expected, will reduce CO2 emissions by almost 12 million tons.
Since 2006, the EBRD has already allocated more than EUR 26 billion to projects for the development of “green” economy in 38 countries.
3. EU approves state aid for renewable energy in the amount of EUR 200 million
Within the framework of the EU state aid rules, the European Commission (EC) approved measures to support the generation of renewable electricity in France for its own consumption by 2020. This was reported in the official EC notice. In this case, France should achieve 23% of the use of renewable sources in the total energy generation by 2020.
The EC approved a budget of EUR 200 million, which will support the introduction of 490 MW of additional generation capacity and will be financed from the state budget of France.
The support is aimed at small installations with a capacity of 100-500 kW. Beneficiaries will be selected through tenders, the organisation of which will be completed by 2020. Any RES technologies can participate in the tenders.
The installations included in the project will receive support in the form of market price surcharges (called complément de rémunération) for 10 years.
Such measures will stimulate the generation of electricity from renewable sources for own use with the possibility of selling part of the generated electricity in the grid.
4. Australia is developing hydrogen projects to store energy from RES
As reported by Reuters, the Australian government said it would provide 50% of funding for the country’s largest solar and wind energy project for the production of hydrogen, which could then be used as a backup gas supply.
A project worth USD 11 million is performed by Jemena. It plans to build a 500 kW electrolyser in western Sydney using solar and wind energy for hydrogen production. Most of the hydrogen will then be delivered into the local gas network in order to use renewable hydrogen for energy storage in Australia’s gas transportation networks.
“With Australia’s transition to renewable energy, hydrogen can play an important role for energy storage and will also have an impact on reducing greenhouse gas emissions,” said Chief Executive Agent at Jemena Darren Miller.
Hydrogen can also be used in power generation for the power grid and for refuelling stations for hydrogen vehicles. Hydrogen in gas networks will be more efficient than batteries since it can be stored for several weeks and months, while the excessive electricity from renewable sources can be stored only in batteries for a short period.
5. Corporate electricity suppliers of Drax Group set a new record for businesses with 100% of RES
Opus Energy and Haven Power, divisions of Drax Group, provided more than 350,000 British companies with 100% of renewable energy. This was reported by electricenergyonline.com.
This is a record number of UK business companies that received 100% certified renewable energy. This ensured a new status for Opus Energy and Haven Power as the largest renewable energy suppliers of UK companies.
A recent survey conducted by Haven Power found that 59% of companies believe that renewable energy was the path to a clean future, while 80% expected suppliers to become the leaders in implementing their renewable energy projects.