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Energy Transition

Energy Transition

Eco Wave secures venture funds for marine energy systems

Eco Wave Power, an Israeli maker of ocean energy systems, raised initial funding for a $150 million pipeline of planned projects to use waves to generate electricity. The technology maker secured $2 million from Pirveli Ventures, with a representative of Pirveli joining its board of directors, Eco Wave said Monday. It will use the funds to start to develop 111 megawatts of marine-energy projects planned in countries including the UK, China, Mexico and Chile, co- founder Inna Braverman said.

Energy Transition

Windfarm site proposal at Mormond gets knock back

Plans to build a windfarm at a north-east landmark overlooking the home village of former first minister Alex Salmond have been rejected by the Scottish Government. Muirden Energy wanted to erect a dozen 326ft turbines on top of Mormond Hill – Buchan’s highest peak. But the proposals left people in Strichen outraged and were blocked by Aberdeenshire councillors. Now their decision has been upheld by Scottish Government planning reporters after the developer appealed against the local authority’s decision.

Energy Transition

Renewable energy developer nets further £10million investment

Renewable energy developer Albion Community Power (ACP) yesterday secured a further £10million investment as it seeks to build a £100million fund for small-scale biogas, hydro-electric, solar and wind projects. Greater Manchester Pension Fund (GMPF) is pumping the latest cash into the fund, which in February raised £50million from the Edinburgh-based UK Green Investment Bank (GIB) and £10million from the Strathclyde Pension Fund. When he unveiled the fund back in February, the-then business secretary Vince Cable said it would provide equity finance of between £1million and £10million community-scale schemes, including run-of-river hydro schemes, wind turbines on brownfield sites such as industrial estates, and biogas produced at landfill sites and from anaerobic digesters.

Energy Transition

Japan restarts first reactor since Fukushima disaster

A power plant operator in southern Japan has restarted a reactor - the first to begin operating under new safety requirements following the Fukushima disaster. Kyushu Electric Power said it had restarted the No 1 reactor at its Sendai nuclear plant in Satsumasendai, southern Japan, as planned. The restart marks Japan’s return to nuclear energy four and a half years after the 2011 meltdowns at the Fukushima Dai-ichi nuclear power plant in the north east following an earthquake and tsunami. National broadcaster NHK showed plant workers in the control room as they turned the reactor back on. Tomomitsu Sakata, a spokesman for Kyushu Electric Power, said the reactor was put back online as planned without any problems.

Energy Transition

Windfarm owners lodge plans for more turbines

Plans to expand one of Aberdeenshire’s biggest windfarms have been lodged. The owners of Glens of Foudland, near Huntly, first unveiled plans to add another nine turbines to their existing 20-mast development last year. After a public consultation revised plans for seven 328ft turbines have now been submitted to Aberdeenshire Council.

Energy Transition

E.ON to sell Italian hydroelectric plants to ERG for $1bln

Italian energy group ERG is to buy German utility E.ON's Italian hydroelectric power plants for about 950 million euros ($1 billion), expanding its renewable portfolio which mostly comprises windfarms. E.ON's Terni Hydroelectric Complex, which has 527 megawatts (MW) of generating capacity and produces about 1.4 terawatt hours of electricity a year, was put up for sale in late 2013 along with other assets in the country. ERG currently operates windfarms in Europe with a total capacity of 1.38 gigawatts, including 1.1 gigawatts in Italy, as well as a gas-fired thermal plant in Sicily with a capacity of 480 MW.

Energy Transition

Gas just another fossil-fuel loser in Obama renewables push

Natural gas, once seen as a clear winner in President Barack Obama’s push for cleaner power, isn’t looking like much of a champ these days. That so-called bridge that gas was supposed to be, leading America away from dirtier fossil fuels such as coal and toward renewable power, just got a lot shorter under the final Clean Power Plan released by the US Environmental Protection Agency on Monday. The agency will reward early investments in wind and solar power to get the nation generating 28 percent of its power using renewables by 2030, up from a previously proposed 22 percent. The more aggressive goal weakens natural gas’s role in America’s energy future in favor of a quicker transition to zero-carbon sources of electricity. It’s yet another blow for gas producers who’ve seen prices for their fuel slide amid a glut of supply from shale formations.