Major PV Solar Farm Approved in Outback South Australia
One of the largest photovoltaic solar farms in the Southern Hemisphere has been approved to be built in South Australia. Work is expected to begin on the Solar River Project in early 2019 with completion of the 220MW PV array and 120MWh lithium-ion battery in Stage 1 planned for the end of that year. Stage 2 – with a minimum of 200MW of generation and a 150MWh battery – is planned to begin construction in early 2020. Solar River secured the land, about 150km north of the South Australi...
Indonesia and China Will Be Growth Engines of Oil Storage Industry in Asia and Oceania, says GlobalData
Indonesia and China will drive most of the growth in oil storage industry in Asia and Oceania over the period 2018–2022, according to leading data and analytics company GlobalData. The two countries are set to add more oil storage capacity than any other countries in the two regions over the outlook period. The company’s report ‘Oil Storage Industry Outlook in Asia and Oceania to 2022’ shows that Asia and Oceania will account for 44.5% of the total global oil storage capacity in 2018. The st...
Neste, Borealis and Energy Companies in the Helsinki Metropolitan Region to Study Heat Recovery at Two Industrial Facilities in Kilpilahti
Neste Oyj and Borealis Polymers Oy, in co-operation with the energy companies Fortum Power and Heat Oy, Helen Oy, Vantaan Energia Oy and Porvoon Energia Oy – Borgå Energi Ab, will conduct a preliminary study on recovering and utilizing excess heat generated at the Neste and Borealis industrial manufacturing facilities in Kilpilahti. The study will focus on the technical and economic impacts of recovering excess heat at these facilities and recirculating it into district heating systems in Porvoo...
World Energy Rankings Suggest Countries Need Energy Efficiency to Meet Paris Goals
Washington, DC (June 26, 2018): Some countries do strikingly better than others in saving energy, but all can better use efficiency to meet their Paris Agreement climate goals, according to The 2018 International Energy Efficiency Scorecard published today by the nonprofit American Council for an Energy-Efficient Economy (ACEEE). No country came close to a perfect score, and the average remained the same as in 2016 — 51 out of a possible 100 points. Overall, Germany and Italy tie for first place...
Clean Energy Financing Program Comes to Middletown
MIDDLETOWN, Ohio, June 22, 2018 (Newswire.com) - The City of Middletown, Ohio activated its Energy Special Improvement District (ESID), allowing the municipality to establish a local commercial Property Assessed Clean Energy (C-PACE) financing program in partnership with Plug Smart, one of Ohio’s leading energy service firms. PACE is an innovative, flexible financing solution where energy conservation savings are used to help commercial property owners obtain off-balance sheet, long-term fina...
Wärtsilä Introduces New Hybrid Solar PV and Storage Solution
The technology group Wärtsilä introduces a new hybrid solar PV and storage solution. Wärtsilä Hybrid Solar integrates solar PV generation and storage to deliver a true “renewables as baseload” solution that is not only climate-friendly, increases resilience and efficiencies but can be supported by a power producer’s existing grid infrastructure. Hybrid Solar will allow utilities to transform the efficiency and reliability of their systems with an adaptable solar PV power plant that can suppor...
Baker Institute Experts: Asia, Not US, Will Shape Energy Demand for the Foreseeable Future
HOUSTON – In the wake of the shale revolution, the United States is well on its way to becoming the world’s top oil and gas producer and a major exporter of both products. However, the U.S. will play "second fiddle" to the developing world, especially Asia, which will shape energy demand for the foreseeable future, according to experts in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. Anna Mikulska, a nonresident fellow in energy studies at the Baker...
Petroteq Unveils Asphalt Ridge Oil Extraction Facility, Initiates Production
Studio City, California - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a company focused on the development and implementation of proprietary technologies for the energy industry, announced the successful unveiling of its environmentally friendly heavy oil processing and extraction plant located at the Asphalt Ridge in Uintah Basin, Utah. Management of Petroteq took the opportunity of this media day to initiate production at the plant. Members...
IEA Report: Growing Non-OPEC Supply May Shelve Sharp Oil Price Spikes
In the latest Oil Market Report update issued by the International Energy Agency on June 14, global oil prices are "unlikely to increase as sharply as they did" from mid-2017 onwards due to growth in oil supplies from nations that are not members of the Organization for Petroleum Exporting Countries or "OPEC." "As far as supply is concerned, we have revised upwards our estimate for 2018 non-OPEC production growth to 2 million barrels per day (b/d) and in 2019 we will also see bumper growth, a...
EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA
Abu Dhabi, UAE — Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of renewable energy. Responding to the announcement made by the European Commission today, Mr. Amin said: “The EU’s decision to increase...