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  1. China General Nuclear buys 14 Irish wind power plants

    The renewable arm of the China General Nuclear Power Group (CGN) has acquired 14 Irish wind energy plants from Gaelectric. The $373m (€350m) deal is the group’s first acquisition in Ireland’s energy sector and involves 10 operating wind farms, with the other four operational in mid-2017. The 230MW of wind power assets are thought to have an equity value of up to €350m, with associated financing bringing the enterprise value to as much as double that. “CGN Group is focussed on becoming a global leader in clean energy,” according to Wei Lu, chief executive of CGN Europe Energy. “These high quality wind energy assets will make an important contribution towards this objective for CGN Group.” The Irish Independent reports that Gaelectric will continue to manage the windfarms on behalf of CNGEE, and provide power take-off services to the group. “This agreement allows us to support the Group’s balance sheet, paying down debt and creating the foundations for our other operational and development interests in the renewable energy sector, including a near term development pipeline across wind, solar, biomass and energy storage, including our 330MW CAES storage project in Northern Ireland,” said Gaelectric chief executive Barry Gavin this morning. Meanwhile Gaelectric’s CAES storage project is being developed in Larne in Northern Irelan and involves the creation of two vast storage caverns more than 1.4km beneath the Antrim coast. The scheme, which uses compressed air, will be able to generate up to 330 MW of power for up to six hours, and will create demand for 200 MW of power during its compression cycle.

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    Thu, 8 Dec 2016

  2. Entergy to close Michigan nuclear plant in 2018

    Entergy said it could offer new positions to up to 180 of the affected employees at the Palisades plant

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    Thu, 8 Dec 2016

  3. Entergy to Close Palisades Nuclear Plant Early

    The announcement also noted the company will end the Palisades’ power purchase agreement with CMS Energy in 2018.

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    Thu, 8 Dec 2016

  4. Nuclear Power: Illinois Gov. Rauner signs bill sparing 2 nuclear plants

    Illinois Gov. Bruce Rauner has approved a plan providing billions of dollars in subsidies to Exelon Corp. to keep two unprofitable nuclear plants from closing prematurely.

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    Thu, 8 Dec 2016

  1. Illinois gov. signs bills to subsidize nuclear plants

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    Thu, 8 Dec 2016

  2. Illinois Governor Signs Bill to Subsidize Two Nuclear Power Plants

    The deal gives Exelon $235 million per year in order to keep the Quad Cities and Clinton nuclear power plants running for another 10 years.

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    Thu, 8 Dec 2016

  3. FirstEnergy seeks to sell its interests in 3,003-MW Bath County hydropower facility and other energy plants

    The U.S. Securities and Exchange Commission on Dec. 6 released a Form 8-K submitted by Akron, Ohio-based FirstEnergy Corp. that indicates certain FirstEnergy subsidiaries entered into new credit facilities for negotiating the sale of several generating assets, including the company’s interests in ...

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    Fri, 9 Dec 2016

  4. POWER-GEN International 2016: The Power to Change

    The greatest minds in power generation gather once a year for the world’s largest forum for power professionals. It’s called POWER-GEN International, where experts throughout the world have been meeting for 28 years to discuss the mechanics, chemistry, operation, and regulation of power generation.

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    Fri, 9 Dec 2016

  5. Japanese to loan $123bn to Fukushima operator

    The Japanese government is to increase the size of the loan being granted to Fukushima operator Tepco to $123bn, more than a third higher than initially planned.

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    Thu, 8 Dec 2016

  6. Nuclear Power: Energy company plans to close Michigan nuclear plant in 2018

    An energy company announced plans Thursday to permanently close the Palisades nuclear power plant in southwestern Michigan in 2018, which could mean hundreds of job cuts for a major employer in the region if regulators approve the closure.

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    Fri, 9 Dec 2016

  7. Existing hydro helps make South America a favorable region for 100% renewable electricity

    The large existing installed base of hydropower in South America helps make it “one of the most favourable regions globally to shift to a 100% RE [renewable electricity] system,” according to the Lappeenranta University of Technology and VTT Technical Research Centre of Finland Ltd.

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    Thu, 8 Dec 2016

  8. Nuclear Power: Japan doubles cost estimate for Fukushima cleanup

    The estimated cost of cleaning up Japan's wrecked Fukushima nuclear plant has doubled to nearly 22 trillion yen ($190 billion), with decommissioning expenses expected to continue to increase, a government panel said Friday.

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    Sat, 10 Dec 2016

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