Join the crew of Ukrenergo review, sailing at full speed through the ocean of energy events. Each Friday we tie up our ship to share exclusively interesting and up-to-date news from the world of energy.
1. The first virtual power plant enters the market in the United Kingdom.
Limejump entered the UK balancing market with a virtual power plant. This is reported on the company’s official website. This is the first balancing market participant of this type in the country.
The balancing market is critically important for the grid because it continuously ensures a balance of supply and demand. A virtual power plant is a system that can combine electricity simultaneously generated at many small power plants, etc. Therefore, it is expected that its emergence will allow small generation, in particular solar and wind power plants, demand management platforms and energy storage systems, to successfully compete with large power companies in rendering the services of balancing the power grid. The capacity of the UK’s balancing market is worth £ 1 billion a year.
Limejump received a licence for electricity supply back in 2015, and set up a managed group of RES facilities, energy storage and demand management systems.
According to Reuters, the Palestinian authorities hope to reduce its dependence on electricity import from Israel using solar power plants (SPP).
In the Gaza Strip, electricity generation is so paltry that it receives only a third of the required volume, even with imports from Israel and Egypt. Nearly two million people living in this area can use electricity only four hours a day.
For the last four years, the number of rooftop panels on the houses in Gaza has increased almost four times. They are installed not only on roofs and balconies of apartment buildings but also on the buildings of schools, hospitals, shops, banks and even mosques. After all, the number of sunny days in the city is equal to 320 per year. However, the Palestinians complain that access to the necessary technologies in the country is blocked because of Israeli control over the border.
The Gaza Strip is suffering from long-standing sanctions from Israel and Egypt, seeking to isolate Hamas’s radical Islamist movement.
3. China installed 24.3 GW of solar panels in the first half of 2018.
According to the National Energy Administration of China (NEA), the capacity of new solar PV installations in the country reached 24.3 GW in the first half of 2018. This was reported by PVTech.
At the end of June 2018, the total capacity of the Chinese SPP reached 154.51 GW, of which 112.6 GW belong to the utility sector and 41.9 GW to the distributed generation projects.
In the first half of 2018, the total capacity of solar installations in the utility sector increased by 12.06 GW, which is 30 percent less than in the same period of the previous year. At the same time, the capacity of SPP in the distributed generation increased by 12.24 GW, which is by 72 percent higher than in the same period of the last year.
Let us remind you that China remains the world leader in the generation of alternative energy and installation of “green” generation facilities.
4. British power companies to raise prices for electricity.
Growth in wholesale energy prices urged the British Centrica to announce a rise in electricity prices for consumers once again. According to Reuters, this is happening simultaneously with the attempts of the national regulators to limit prices to help millions of households restrict their own spending growth.
All major UK energy providers raised prices after Prime Minister Teresa May criticised the so-called “rip-off energy prices” and promised to limit the rise in electricity prices. It is an interesting energy policy irony, isn’t it?
The fact is that about 80 percent of British houses are heated by gas, while gas-fired power plants generate about 40 percent of British electricity. Therefore, high world prices for oil, and as a result, for gas, directly affect the price of heating and electricity in the UK. In addition, the decommissioning of the UK’s largest gas storage facility Rough also reduced available gas reserves used to cover demand shocks, for example during cold weather. This, in turn, makes the country more dependent on imports. Therefore, such a situation of raising prices is a logical step of British companies.
VinFast Trading and Production LLC, a division of the largest private Vietnamese conglomerate Vingroup, concluded two agreements with Siemens Vietnam for the supply of technologies and components for the production of electric buses in the countries of Southeast Asia. This was reported by Energyworld. VinFast hopes that the first bus will be used on the roads by the end of 2019.
“Electric buses are an essential element of sustainable urban public transportation systems,” Siemens Vietnam President and CEO Pham Thai Lai said in the statement. VinFast will also produce electric motorcycles, electric cars and gasoline cars from its $ 1.5-billion factory, which is being built in Haiphong City. It is worth reminding that in June, General Motors Co agreed to transfer its Vietnamese share to VinFast. This will allow the Vietnamese company to sell GM Chevrolet electric vehicles in Vietnam.