(Clarifies gas-fired power plant plans in paragraphs 8 and 9)
LONDON, March 11 (Reuters) - British power generator Drax is evaluating its options after a British power capacity auction and could sell four open-cycle gas turbine (OCGT) projects, it said on Thursday.
Drax provisionally secured 15-year backup power agreements worth a total 230 million pounds ($321 million) for three new 299 megawatt (MW) OCGT projects at sites in England and Wales.
Drax has said the capital cost for each project is about 80 to 90 million pounds with a build time of some two years, putting the total value of the agreements below the development costs.
Another OCGT project participated in the auction but dropped out above the clearing price and did not secure an agreement.
Italian renewable energy company ERG has kicked off the sale of hydroelectric and gas-fired power plant assets worth more than 1 billion euros ($1.2 billion), attracting interest from funds and utilities, three sources told Reuters.
India will levy 40% customs duty on solar modules and 25% on solar cells from April 2022, as it looks to cut imports and expand local manufacturing, according to a government document and two industry sources familiar with the matter.
By Reuters Staff
2 Min Read
WARSAW, March 2 (Reuters) - Poland’s installed capacity in solar power increased to 3.9 gigawatts (GW) in January from 1.3 GW a year ago, data from the grid operator PSE showed on Tuesday
Poland’s solar energy capacity has surged in the past two years due to generous subsidies from the government, which has encouraged households to install solar panels on roofs as the coal-reliant country aims to cut carbon emissions.
Data from the climate ministry showed that the number of households with solar panels rose to over 450,000 as of December 2020 from 4,000 in 2015.
“This is the most dynamically developing renewable energy technology in Poland,” Climate Minister Michal Kurtyka told Reuters, adding that the government will also continue to support big scale solar plants.
2 Min Read
VILNIUS, Oct 8 (Reuters) - Lithuania will build one of the largest battery storage systems in the world by the end of 2021, its energy minister told Reuters, to ensure smooth supply of power as it disconnects from the Russian-controlled grid.
The country plans to invest 100 million euros ($117.6 million) to install four 50 Megawatt(MW) batteries with at least 200 Megawatt hours (MWh) of storage capacity, said Energy Minister Zygimantas Vaiciunas.
“This will be one of the largest and the most innovative battery parks in the world,” he said.
The two largest lithium ion battery projects previously announced, both in California, are the 450 MW Crimson Energy Storage and 300 MW Vistra Moss Landing Energy Storage, according to a U.S. Department of Energy database.