An energy storage station backed by a 200MW/800MWh vanadium flow battery is in production in Dalian, China, as part of the government's effort to scale up its energy storage capacity. Rongke Power, a local battery maker, is developing the battery after the China National Energy Administration approved the project in 2016 to provide power during peak demand hours. The battery is expected to slice off about 8% of the Liaoning Province port city's expected load once it comes online in 2020, according to Electrek. Rongke Power has installed nearly 30 similar battery projects, including some adjacent to wind farms.
China has been working on boosting energy storage to resolve issues surrounding transporting clean energy from its western regions to its largest cities in the east, Reuters reported back in October 2017. Vanadium flow batteries store energy in tanks, while lithium ion batteries store their energy in cells. A 2016 study from Karlsruhe Institute of Technology in Germany found that in home storage systems, lithium-ion batteries outperformed vanadium flow ones. However, that same study found that vanadium flow batteries for larger capacities, such as the Dalian project, can be cost-competitive with lithium-ion.
Moody's Investors Service, meanwhile, declared that China General Nuclear Power Corp.'s postponed launch of its European Pressurized Reactor units is credit-negative but will not immediately affect its A3 issuer rating and stable outlook. The company, also known as CGN, said on Dec. 29 that Units 1 and 2 at the Taishan plant, in Guangdong province, will begin commercial operation in 2018 and 2019, respectively, instead of the second half of 2017 and first half of 2018.
"The delays reflect our concerns over the high execution risk for CGN in rolling out its aggressive expansion target and its adoption of a new generation of nuclear technology," Ada Li, vice president and senior analyst of the project and infrastructure finance group in Moody's Investors Service Hong Kong Ltd said in a note. "The delays also imply the deferral of cash flows from the two nuclear units and potential additional capex, which would further pressure CGN's financial metrics."
According to the International Atomic Energy Agency, China has increased the number of operating nuclear reactors in the country 10-fold since 2000. As of October 2017, the country had 38 reactors and 19 under construction as part of a plan to ease its reliance on coal. On December 30, Unit 3 of the Tianwan nuclear power plant in Jiangsu province was connected to the grid. Supplied by Russian manufacturer Rosatom, the VVER-1000 reactor is scheduled to enter commercial operation later this year.
Prime Minister Narendra Modi has set out an ambitious plan to incorporate 175 GW of renewable energy capacity by the end of 2022 and to dramatically cut the country's use of fossil fuels.
Source: Associated Press
Renewable energy's rapid rise and a lack of electricity connections in rural areas of India has left the country with its most sluggish pace of coal-fired capacity additions in over a decade.
According to Bloomberg News, the country added 809 MW of coal power between April and November 2017, the least amount of coal-fired capacity added since 2006, when only 680 MW of capacity was added during the same time period. The supply glut has led power companies to cancel new projects while state-managed distribution companies struggle to sell existing power.
In November, the Institute for Energy Economics and Financial Analysis said India is within a decade of peak thermal coal demand and that peak use would not be more than 10% above current levels. Around that time, India added more than 7.1 GW of solar photovoltaic power, which made up more than a third of total new generation capacity. Prime Minister Narendra Modi is also tapping into renewables for electrifying every willing household by the end of 2018 as part of a $2.5 billion program to bring power to rural communities.
* Denmark-based wind turbine maker Vestas Wind Systems A/S said its global order intake for 2017 reached 10,691 MW, surpassing its record order intake in 2016 by nearly 200 MW.
* Germany's energy policy to shift away from nuclear, and the problems it has caused, have influenced the United States and France to embrace the low-carbon energy source.
* Canadian Solar Inc secured $56 million in financing for 10 solar projects in the United Kingdom.
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