The Briefing on Power

The latest news, trends, and data from the power industry

In Data:

power in numbers

$1.16bn

The Australian Government has announced a funding package of $1.16bn (A$1.62bn) to support low emission technologies across the innovation chain.

£20bn

Hitachi has announced that it is abandoning its plans to build a new £15-£20bn nuclear power station on the island of Anglesey, off the coast of north Wales.

2025

British oil and gas company BP has agreed to supply Microsoft with renewable energy to help meet the tech giant’s 2025 ‎renewable energy goals.

2030

US-based technology company Google is reportedly planning to power its data centres and offices with carbon-free energy by 2030.

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$3.4bn

French power and utility company Engie has rejected a $3.4bn (€2.9bn) offer to buy its water and waste disposal company Suez.

in the news:

top project updates this month

India to shut down 32 power units for missing emission deadlines

The Government of India reportedly plans to shut 32 units across 12 power plants in the country as they have failed to meet emissions targets.

The Financial Express reported that the units, which have a combined capacity of 5.019GW, failed to submit plans to meet the prescribed emission control norms.

EU Parliament allows gas projects to use green transition fund

The European Parliament has voted in favour of allowing certain gas projects to use its green transition fund.

The EU intends to use part of its Covid-19 recovery fund to help fossil fuel-dependent region with their energy transition.

National Grid and Tennet to link Dutch and British offshore wind farms

Transmission systems operators National Grid and Tennet have agreed to look at options to link British and Dutch wind farms.

The companies will assess the possibilities for subsea interconnector for integrating offshore wind farms in both countries.

When it comes to these recent changes, British technology and engineering consultancy BJSS, has published a report focused on the impact of the virus on the sector. ‘UK Energy – Utilities response to Covid-19’ explains the effect that the coronavirus-impacted operating environment has had on the energy industry, and explores key areas of opportunity.