Ukrenergo review 29 september – 6 october 2017
Do you know what today is? That was the date in 1829 that the first mileage of the Rocket steam locomotive occurred between Manchester and Liverpool. It overcame the distance in 72 kilometers in a few hours. Modern trains reach a top speed of 600 km/h. What is faster than train? Exactly! Fresh news from Ukrenergo. You will be in the swim of the world power industry without any previous booking, Make yourself comfortable and let`s start.
- Power pylon higher than the Eiffel tower.China’s Zhejiang Electric Power Company is starting a construction of the giant power supply pylon. The construction recently began on a pylon believed to be the tallest in the world in thecountry’s east Zhejiang Province. The 380-metre tall pylon will be four times the height of London’s iconic Big Ben and 80 meters higher that the Paris` Eiffel tower. The pylon will carry power cables between Zhoushan’s Jintang and Cezi islands, a distance of 2,656 meters. The pylon is a part of a new ultra-high voltage power line project between cities of Zhoushan and Ningbo. The project is expected to be completed by the end of 2018, and will be put into use in 2019.
It should be mentioned the previous tallest pylon of 370 meters is also situated in China, Damaoshan pylon in Zhoushan.
- €20 bln in the French energy transmission.The French government plans to invest 20 billion euros in an energy transmission plan. The environment-related investments, drafted by economist Jean Pisani-Ferry and presented by Prime Minister Edouard Philippe on Monday, are part of a 57 billion-euro investment plan to run from 2018 to 2022. €9 billion euros towards improved energy efficiency, 7 billion for renewables and 4 billion to precipitate the switch to cleaner vehicles. Buildings are responsible for 20 percent of greenhouse gas emissions, so the government plans a 9 billion-euro thermal insulation program that will focus on low-income housing and government buildings, the government said in a statement. 7 billion euros investments are to boost the growth of French renewable energies by 70 percent over the next five years. Investments will include research and innovation to combat climate change, and will speed up France’s transition to low carbon and greater energy efficiency.
The plan will also invest 4 billion euros in the switch to less polluting vehicles, with the transport industry responsible for a third of greenhouse gas emissions. The plan will target the phasing out of 10 million old vehicles and focus on cars with petrol engines. Anyhow, it`s a great example of the energy strategy implementation.
- Energy firma seek smart technologies. Around 90% of energy companies are actively seeking a smart technology joint venture or acquisition. That’s according to law firm Pinsent Masons, which suggests these firms want to adapt their business models to keep up with changing consumer behaviours, shifting government policies and to improve security of supply for the future. The survey of 250 senior executives at energy and investment companies shows smart meters, new methods of harnessing surplus power and in-depth data analytics are going to be popular investments within the next two years.
Looking further to six years away, the firm says cloud management systems and virtual power plants are likely to see a surge of investment. As many as 62% say they will not opt for in-house development of smart energy solutions due to high start-up costs and a lack of expertise and will instead pursue merging with or acquiring a suitable business. A fast development of the innovations stimulates the power companies to adapt the business-models as well as to stimulate the governmental energy policy. The consumers will get a better quality electricity in future.
- IEA: «Era of expensive renewables is pver». After a record breaking year in 2016 for solar PV, the IEA overhauled its forecast for the next five years, significantly raising the projectedgrowth profile for renewable energy. In its new report, Renewables 2017 (https://www.iea.org/renewables/)., the IEA argued that it now sees renewable energy as a serious global force, increasingly taking market share away from coal and natural gas. The Paris-based energy agency cited 2016 as a watershed moment, a year in which 164 gigawatts of new renewable energy capacity came online around the world, more than triple the amount of new gas-fired power plants, and more than twice the volume of coal. The ongoing cost declines for solar allowed for such a blistering growth rate. Record-low auction prices for new utility-scale solar seemed to crop up everywhere, including India, the UAE, Mexico and Chile. In some places, solar was posting 3-cent-per-kilowatt hour auction prices, a level that is more competitive than just about any other source of energy, including cheap natural gas. Seems like new energy era is strengthening its positions.
- Distribution. In amongst the horrendous destruction that Irma and Maria wrought on the British Virgin Islands there was just one strand of good news. For years, islanders have recognized the problems with their form of electrical generation. It’s based on imported diesel. Expensive, smelly, and certainly a carbon intensive way of keeping the lights on. When the oil price goes up, the cost of electricity on the island soars, and it’s already three times more expensive than in the US. Indeed, Sir Richard Branson’s own installations emerged unscathed from the process despite Necker Island being severely damaged. So, what is the solution? A distributed power grid constituting of the micro grids.
The investment potential is there, the ideological content feels right, the payback period works, the resilience is a must have, the market appetite is there. The stage is set.