The Briefing on Power

The latest news, trends and data from the power industry

In Data:

power in numbers

$4.46m

The California Energy Commission has awarded grants of $4.46m to a geothermal project that could also facilitate sustainable lithium sourcing from geothermal brine.

100 TWh

The Leibniz Institute for Applied Geophysics has estimated that Germany could increase its production of deep geothermal energy to 100 TWh a year by 2050.

France's oldest nuclear reactor, the Fessenheim plant, is set to shut down operations after 43 years in service. The closure comes nine years after its initial proposal and three years over the plant's predicted lifespan.

47%

Renewables supplied 47% of the UK's electricity generation in the first quarter of the year, beating last year's record of 39% thanks to a surge in wind power.

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23.3%

US net generation in April saw renewables account for 23.3% of the total, beating out both nuclear and coal for the second month in a row. Gas-fired generation remained the largest contributor however, at 39.35%.

in the news:

top projects kicking off this month

European Energy announces Italian plant completion and $897m funding

Danish solar photovoltaic manufacturer European Energy has announced the completion of its 103MW solar farm near Foggia, Italy. It says this is the largest solar farm in Italy, spread across 1.5 million square metres.

Avaada Energy to develop solar power plant in India

India’s renewable energy producer Avaada Energy has secured a contract from Maharashtra State Electricity Distribution (MSEDCL) to develop a 350MW DC solar project in the state. The clean energy generated by the solar facility will supply MSEDCL via a 25-year power purchase agreement.

Wells Fargo signs supply agreement with Shell Energy and MP2 Energy

Financial services firm Wells Fargo has signed structured renewable energy agreements with Shell Energy North America (Shell Energy) and its subsidiary MP2 Energy for nearly 150,000MWh of renewable energy annually. Shell Energy will supply Wells Fargo with clean energy for seven years, while MP2 Energy will supply it for 6.7 years.

Ukraine is looking to unplug from the Russian energy system by 2022 and plug into the European grid by 2025, ending its dependence on a nation that has proven openly hostile. However, the country still faces severe challenges ahead; experts estimate that bringing the country's distribution grid up to modern standards will require at least $17.5bn in investment.