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...Scan through a selection of energy-related news highlights that we think will interest our clients....
...Industrial Info is tracking more than $51.9 billion in medium- and high-probability renewable power projects that are planned to kick off in the U.S. in 2020....
...Wind power installation vessels are the main obstacle for some of China's offshore wind power projects to be completed and put into operation before 2022. By the beginning of April 2019, China had 22 wind-power installation ships in service, with seven under construction, according to the China shipping inspection bureau. Although it has become the biggest market for wind installations outside Europe, it still cannot meet the short-term rush of domestic projects. Industrial Info is tracking 129 offshore wind projects in the planning and engineering in China worth $132 billion. Click here for a list. The majority of the projects are in the South China Sea. See graph below for a breakdown by water body....
...According to the latest forecasts from RenewableUK, the U.K.'s renewable energy agency, the annual global offshore wind cable output will be worth £1.13 billion ($1.7 billion) in 2023, up 58% from £717 million this year. In the next five years, the world's cable makers will produce a total length of 16,350 kilometers (km), nearly the distance from London to Sydney. The cables will come from hundreds of new offshore windfarms around the world. The new projects are mainly in the U.K., Germany, China and the U.S., while the world's total offshore wind capacity will grow from 20.5 gigawatts (GW) today to 55 GW by 2024. Less than 25% of the 16,350 km of cable has been contracted for supply, and the remaining 75% represents a huge opportunity for companies manufacturing and installing the cables. Industrial Info is tracking 147 capital offshore wind projects worth more than $145 billion in China. Click here for a list and see graph below for a breakdown by project type....
...Industrial Info is tracking more than $4.4 billion in planned first-quarter 2020 Power Industry project starts in the U.S. West Coast market region, which includes California, Oregon, Washington as well as Alaska and Hawaii....
...In the first 10 months 2019, China's investment in the power generation sector reached $30.37 billion, an increase of 7.6% year over year. Of this, the investment in hydropower reached $8.99 billion, a jump of 29.4%; that of thermal power reached $6.1 billion, a drop of 27.8%; that of nuclear power reached $3.47 billion, a drop of 30.9%; that of wind power reached $10.41 billion, a jump of 79.4%, according to the National Energy Administration.
During this time, China's investment in the power transmission and distribution sector reached $50.22 billion, a drop of 10.5% year over year....
During this time, China's investment in the power transmission and distribution sector reached $50.22 billion, a drop of 10.5% year over year....
...Scan through a selection of energy-related news highlights that we think will interest our clients....
...Rushydro PJSC completed construction of the 120-megawatt (MW) Sakhalin GRES-2 coal-fired thermal power plant last week in Russia's Sakhalin Region...
...Industrial Info is tracking more than 180 active capital and maintenance Power projects in Kazakhstan, totaling more than $13.5 billion....
...Indonesia is including the price of coal as a benchmark in determining its electricity tariffs.
Coal-fired power plants continue to dominate Indonesia's electricity production....
...In October, China's overall social power consumption reached 579 billion kilowatt-hours (kWh), an increase of 5% year over year. From January through October, China's accumulative social power consumption reached 5,923.2 billion kWh, an increase of 4.4% year over year, according to the Instant Statistic Report of the National Energy Administration.
China's power consumption in the primary industries (agriculture, forestry, fishing, mining, and oil & gas production) reached 6.6 billion kWh, an increase of 9.1% year over year; that of the secondary industries (manufacturing) reached 400.8 billion kWh, up 3.4%; that of the third industries (services) reached 94.7 billion kWh, a jump of 14.5%; that in the household of urban and township residents reached 76.9 billion kWh, an increase of 2.7%....
China's power consumption in the primary industries (agriculture, forestry, fishing, mining, and oil & gas production) reached 6.6 billion kWh, an increase of 9.1% year over year; that of the secondary industries (manufacturing) reached 400.8 billion kWh, up 3.4%; that of the third industries (services) reached 94.7 billion kWh, a jump of 14.5%; that in the household of urban and township residents reached 76.9 billion kWh, an increase of 2.7%....
...Industrial Info is tracking $3.45 trillion in active renewable energy projects throughout the world....
...The European Union's (EU's) lending arm, the European Investment Bank (EIB), is to stop investing in fossil fuel energy projects from the end of 2021....
...McDermott is looking at an uncertain future, as 2019 has been a bruising year for its public image and bottom line. Industrial Info is tracking nearly $139 billion in related projects...
...NextEra Energy plans to make capital investments of between $50 billion and $55 billion across its businesses from 2019 through 2022...
...The International Energy Agency (IEA) recently released an outlook report for offshore wind-generated energy. The IEA believes the global potential for offshore wind power is 421 trillion kilowatt-hours per year...
...Scan through a selection of energy-related news highlights that we think will interest our clients....
...Industrial Info is tracking $40.6 billion in Power Industry projects in Uzbekistan, Turkmenistan, Tajikistan, Kazakhstan and Kyrgyzstan.
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...Grassroot and brownfield renewable power projects with a total value of $40.8 billion are planned to kick off construction in Europe in the next six months. This includes $29 billion of wind, $5.6 billion of solar and $3.3 billion of hydro projects....
...From January through September, the curtailment of wind-generated energy in China's Xinjiang province totaled 5.79 billion kilowatt-hours (kWH), a 35.9% drop from the same period last year....
