Coal mine in Germany turns into hydroelectric battery

RAG AG-owned Prosper-Haniel hard coal mine, located in the German state of North-Rhine Westphalia, will be turned into a giant battery that stores excess solar and wind energy. Set to be totally transformed by 2018, the mine will become a 200-megawatt pumped-storage hydroelectric reservoir, which means it will behave as a battery and have the …

Securing electricity supply: new UK-France interconnector under way

The first foundation stone for a new 1,000-megawatt (MW) electricity interconnector between the UK and France has been laid. The foundation stone of the Folkestone converter station was laid by Jesse Norman, UK Minister for Industry and Energy. The newly named ElecLink will travel along the existing underwater train tunnel, the Channel Tunnel, and cost …

Germany’s Largest Offshore Windfarm Underway

Work on the largest planned offshore windfarm in Germany will kick off in June following a final investment decision by owner EnBW and its new investment partner, Canada’s Enbridge Incorporated. The 497-megawatt (MW) Hohe See offshore wind project is located in the so-called “exclusive economic zone” of the North Sea around 90 kilometres north of Borkum and …

Europe Spending €444 Million on Energy Infrastructure Projects

The European Commission (EC) has announced its intention to spend €444 million on projects designed to improve its energy infrastructure. The 18 winning projects are classed as ‘priorities’ by the EC and cover electricity, smart grids and gas projects. The money for the chosen projects is coming from the Connecting Europe Facility (CEF), the European Union’s …

What oil crisis? Arctic drilling
off Norway set for record

Explorers look at drilling a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60/bbl. After making a discovery of as much as 100 MMboe in the Barents Sea, Lundin Petroleum said that it wants to squeeze two more exploration wells into its program this year, even …

Germany Opens First Offshore Wind Auction

Germany is looking to continue its recent surge in offshore wind rollouts by announcing that it is now accepting bids for the country’s first offshore wind auction, which will end on April 1. Grid regulator BNetzA said that the first of two rounds of auctions for offshore wind tenders will cover 1,550 MW of projects. …

Coal use in Europe on its way out — report

Coal generation in Europe is falling and will continue to do so due to competition from cleaner energy sources, such as natural gas and renewables, as well as governments efforts to cut emissions, a study by The Economist Intelligence Unit (EIU) argues. The UK is leading the way when it comes to reducing coal dependency, helping to …

Shared decommissioning costs are new trend

Royal Dutch Shell Plc’s $3.8-billion sale of North Sea oil and gas fields creates a model for further transactions in a region where the question of who pays to remove decades-old offshore platforms has been an obstacle for other deals. Shell’s agreement with Chrysaor Holdings Ltd. included the condition that Europe’s largest oil company covers …

Europe’s Offshore Wind Worth €18.2 Billion in 2016

Investment in Europe’s offshore wind sector attracted a record-breaking €18.2 billion ($19.5 billion) in 2016, but actual windfarm additions dropped by almost half. NEW INVESTMENT RECORD Last year 11 offshore wind projects reached the final investment decision stage, representing more than €18.2 billion in investment, a new record, according to industry group WindEurope, formerly the European …

Meer dan helft van boorplatforms
Noordzee aan de kant

Meer dan de helft van de boorplatforms op de Noordzee ligt momenteel werkloos in havens. Door de lage olie- en gasprijs wordt er nauwelijks geboord naar nieuwe velden. De dagtarieven voor deze platforms zijn sinds de piek van vier jaar geleden, met zo’n 75% gedaald. In de Noordzee waren tot voor kort 103 zogeheten ‘drilling …