EU
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Nuclear
Brexit Implications for UK Nuclear Power
When the UK, the European Union’s (EU’s) second-largest economy, voted to leave the union on June 23, reactions were swift and sometimes unexpected, but what does the Brexit vote mean for the nuclear power industry, which is an increasingly global one? Based on comments made at this week’s World Nuclear Exhibition (WNE) outside Paris, the […]
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Renewables
EIA International Outlook to 2040 Foresees Decoupling of Power Demand and Economic Growth
The world’s frenzied economic growth through 2040 won’t be matched by electricity demand growth, the Energy Information Administration (EIA) says in the International Energy Outlook 2016 (IEO2016 ) released on May 11. World net electricity generation will jump 69% by 2040, the IEO2016 reference case projects, but that is still well below “what it would […]
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Renewables
China Overtakes EU’s Wind Installations
China has edged past the European Union (EU) in terms of total installed wind capacity, with 145.1 GW to the EU’s 141.6 GW. This means that China, which erected a stunning 30.5 GW in 2015—nearly half of
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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 […]
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Gas
Alstom Offers Discount to Seal GE Acquisition Deal
As part of a remedy package to appease the European Commission, Alstom will accept $331 million less than the original $13.63 billion purchase price offered by General Electric (GE) to close the deal. The much-anticipated deal has come under close scrutiny by the European Commission, which opened a full-scale antitrust investigation into the deal on […]
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Renewables
Report: Most of the EU Is on Track to Meet 2020 Renewable Energy Target
At least 25 of the European Union’s (EU’s) 28 member nations are on track to meet renewable energy targets, putting the bloc well on its way to meet its legally binding target of producing 20% of its energy with renewables by 2020, a new report shows. The European Commission’s (EC’s) 2015 report released on June […]
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Legal & Regulatory
EU to Investigate Measures to Ensure Power Supply
The European Commission (EC) this April launched an extensive investigation into subsidies that 11 European governments provide to utilities to ensure future power reliability, saying it is concerned that the measures may distort competition. The sector inquiry into capacity mechanisms is the first under European Union (EU) state aid rules introduced in May 2012, which […]
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Coal
White House Formally Submits Climate Pledge to Slash GHGs
The U.S. will seek to cut its greenhouse gas (GHG) emissions by 26% to 28% from 2005 levels by 2025, the White House said on March 31 in a target submitted to the United Nations Framework Convention on Climate Change (UNFCCC). The submission—otherwise referred to as an Intended Nationally Determined Contribution (INDC)—is a formal statement […]
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Solar
U.S. Slaps New Steep Tariffs on Chinese, Taiwanese Solar Firms
The U.S. on Tuesday issued a new final determination affirming that some crystalline silicon photovoltaic (PV) products from China and Taiwan have been sold at dumping margins of between 11% and 165%. The final determination from the Department of Commerce stems from anti-dumping duty and countervailing duty investigations covering a category of cells, modules, laminates, […]
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Coal
Poland Mulls Energy Future
Resource-rich Poland’s push to prioritize coal as its main energy source and to cultivate a nuclear power program to boost energy security at the expense of climate objectives has provoked its portrayal
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