Publications

Daily Energy News

Companies

NuScale has signed a Memorandum of Understanding (MoU) with Romania’s state-owned nuclear company Nuclearelectrica to conduct engineering studies, technical reviews, and licensing and permitting activities at a site in Doicesti (Romania), the preferred location for the deployment of a small nuclear reactor (SMR) with a capacity of 462 MW.

India’s largest state-owned thermal power group NTPC has released its 2022 results, posting significant increases in revenue, capacity and generation for FY 2021-2022  NTPC’s total revenue increased by 16% to INR120,042 crore (US$15.5bn). The NTPC group had 69 GW of installed capacity by the end of FY 2021-2022, a 4.8 % increase compared to the previous year (65.8 GW), accounting for nearly 17% of India’s installed capacity (2021).

Energy & Climate Markets

Kazakhstan’s Ministry of Energy expects to produce 90 Mt to 93 Mt of oil in 2023, up 3% to 6% from the country’s estimated 87 Mt for the year 2022. The projected production for 2022 represents a slight decrease from an otherwise stable production in the previous years (approximatively 90 Mt for 2020 and 2021). 

Infrastructure & Investments

The South Korean utility Korea Hydro and Nuclear Power (KHNP) has started the first APR-1400 reactor of the Shin Hanul nuclear power plant in the county of Uljin (South Korea).  The 1,350 MW pressurised water reactor (PWR) has reached first criticality and is scheduled to be connected to the grid in June 2022. Construction of Unit 1 started in 2012 and was originally supposed to be completed in 2017 but suffered delays.

BluEarth has acquired the 1 GW Eads wind and solar project in Kiowa and Cheyenne Counties, Colorado (United States) from NorthRenew. The acquisition complements BluEarth’s existing development portfolio of over 1 GW of advanced development wind projects in Canada and the US, and over 3 GW of early-stage development projects.

The Indian company REC Power Development and Consultancy Limited (RECPDCL) has issued four global tenders to build interstate transmission systems (ISTS) at the Khavda pooling station in the Gujarat state (north-western India), including the 765 kV Khavda Pooling Station 2 – Lakadia – Ahmedabad – South Gujarat/Navsari line. The transmission infrastructure, which will be developed on a “build, own, operate and transfer” (BOOT) basis, is set to evacuate 18 GW of renewable energy (under four 4.5 GW tenders).

BlueFloat Energy has unveiled its first floating offshore wind project in Taiwan named Winds of September. The project, with a planned capacity of over 1 GW, will be located 25 km off the coast of Hsinchu County and Hsinchu City in an area of around 125 km2 at around 70-80m water depth. 

An Bord Pleanála, Ireland's national independent planning body, has granted approval for the Celtic interconnector project between Ireland and France, subject to a number of conditions. The €1bn HVDC line, which would have a capacity of 700 MW, is developed by the Irish power transmission system operator EirGrid with its French counterpart RTE. It would connect the Knockraha substation near Cork (Ireland) to the La Martyre substation in Brittany (France) over 575 km, including 500 km subsea.

The Congolese government has signed an agreement with a consortium of Energaz, a local company, and the Chinese state-owned construction and engineering corporation Gezhouba Group (CGGC), to build the 230 MW Morala and 101 MW Nyanga hydropower projects in the south of the country, with a combined capacity of 331 MW. In addition, the two companies will rehabilitate a 19 MW Liouesso hydropower plant, commissioned in 2017.

Policy & Regulatory

Ireland’s power transmission system operator (TSO) EirGrid has published the provisional auction results of the second Renewable Electricity Support Scheme (RESS 2) auction, in which 130 renewable energy projects participated.  2,748 GWh of the 3,772 GWh bids submitted have been identified as provisional winners, which represents approximately 414 MW of onshore wind power and 1,534 MW of solar power. This equates to a potential increase of nearly 20% in Ireland’s renewable energy generation.