International
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Renewables
GE’s Acquisition of Alstom’s Power and Grid Business Is Official
Following regulatory approval of a $10.6 billion transaction in over 20 countries and regions, GE’s acquisition of Alstom’s energy activities is now complete. GE and Alstom sealed the deal first proposed in early 2014 with the signing of a 1,500-page “master agreement.” GE had initially proposed buying Alstom’s lucrative business for €12.35 billion, but following […]
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Nuclear
TOP PLANTS: Central Nuclear Néstor Kirchner (Atucha II), Lima, Argentina
Begun with grand ambitions in the early 1980s, the second unit at Argentina’s Atucha site ran smack into the country’s economic crises in the following decade. But a determined crew brought the project to completion after a 13-year hiatus through a focus on rebuilding the nation’s nuclear labor force. As with many other nations in […]
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Renewables
Marooned: How Island Power Systems Keep the Lights On
Largely dependent on imported fuel oil, many island systems must grapple with soaring electricity costs and reliability issues, in part because they are isolated and they don’t benefit from economies of scale. But some nations are seeking alternatives. It’s the same story all over the world. To fuel their economies and support growing populations, geographically […]
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Coal
SaskPower Admits to Problems at First “Full-Scale” Carbon Capture Project at Boundary Dam Plant
Once again, a first-of-a-kind technology at a coal-fired power plant that is designed to reduce its greenhouse gas footprint has run into design, operational, and cost problems. This time, it’s Saskatchewan, Canada utility SaskPower’s Boundary Dam Carbon Capture project that’s facing scrutiny. (Earlier this week, an overdue precombustion carbon capture project, Mississippi Power’s Kemper County […]
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Environmental
Swiss Company Aims to Build Commercial Scale Direct Air Carbon Capture Plant
The ETH spin-off company Climeworks AG has announced plans to construct and operate an industrial scale CO2 capture plant to be operational by mid-2016. The Oct. 21 announcement said the plant in Hinwil (Canton of Zurich, Switzerland) “has the capacity to capture 900 tons of CO2 from the atmosphere per year.” For comparison, The Carbon […]
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Renewables
Carbon Engineering Launches Novel Carbon Capture Pilot Project in Canada
Alberta-based Carbon Engineering is inaugurating a pilot project today in Squamish, British Columbia, that will capture carbon dioxide (CO2) directly from the atmosphere. The company, funded by private investors, including Microsoft founder Bill Gates and oil sands financier Murray Edwards, has developed technology based on research conducted by Harvard University–based Professor David Keith’s research groups […]
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Legal & Regulatory
Coal-Dependent India Announces Lofty, Costly Climate Action Goals
India and 73 other countries submitted their carbon emission reduction targets for 2025 and 2030—or Intended Nationally Determined Contributions (INDCs)—ahead of the deadline last week, with just two months remaining until talks to confront climate change are due to begin in Paris. The United Nations (UN) has so far received 120 separate pledges covering 147 […]
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Legal & Regulatory
Europeans Praise the Clean Power Plan While Yawning in Reaction
By now, power industry watchers are familiar with how U.S. interests are reacting to the Environmental Protection Agency’s final release on August 3 of the Clean Power Plan. But what about the rest of the world—especially Europe, which has long been seen as taking a stronger stand on greenhouse gas emissions? Some key European officials […]
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Renewables
China to Limit Support for High-Carbon Projects, Begin Nationwide Carbon Cap-and-Trade by 2017
In its latest effort to ram down carbon emissions and address air pollution, China will strictly limit public financing to coal and other high-carbon projects and begin a national program in 2017 to cap and trade greenhouse gas emissions. The country’s emission trading system will cover power generation, steel, cement, and other key sectors. China […]
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Renewables
GE Clears Final Hurdles for Acquisition of Alstom
European Union (EU) officials have approved General Electric’s (GE’s) $9.5 billion acquisition of Alstom’s power business, but conditions to which the two companies agreed to cement the deal will drastically reshape the world’s heavy-duty gas turbine market. The European Commission, the 28-country union’s executive body, granted its approval to the much-watched proposed merger, but only […]