ABB chief positive for 2018 despite profit drop

Ulrich Spiesshofer

ABB is forecasting a better year ahead despite posting a dip in its profit and sales for the final quarter of 2017.

The FT reports the Swiss company expects improving global economic conditions to benefit them this year.

Revenues at the Zurich-based company rose 1 per cent to $34.3bn in 2017, it said on Thursday. But orders in the final three months of the year dropped 3 per cent to $8.48bn compared with the same period a year earlier. Full-year operating profits also fell, by 2 per cent to $4.13bn.

Ulrich Spiesshofer, chief executive, has streamlined ABB to focus on higher …read more

European Parliament vote to signpost renewable energy ambitions

Members
of the European Parliament will vote on Wednesday 17th January on Europe’s
policy ambition on renewable
energy
up to 2030.

EU Energy Ministers opted to endorse the Commission’s original proposal of just
27 per cent at December’s Energy Council. Now it’s the European Parliament’s
turn to vote on the Renewable Energy Directive and Governance Regulation. These
two pieces of legislation will determine Europe’s ambition on renewable energy
post-2020 and the trajectory on how to get there.

Giles Dickson, WindEurope CEO, said the
competitiveness of Europe’s wind energy industry
g
reatly
depends
on the outcome of this vote.

“Last year the wind energy sector contributed €36bn to EU GDP. It supported
263,000 jobs and generated …read more

RWE announces reorganisation of generation unit

RWE

RWE has announced the reorganisation of its conventional generation unit, and will also seek to cut costs at its renewables and network spin-off, Innogy.

As of January 1st, the company has reorganised its generation business, its gas, hard coal, hydroelectric power and biomass generation forming RWE Generation under the stewardship of CEO Roger Miesen.

Katja van Doren will be its CFO and Tom Glover its commercial chief; he remains managing director of RWE Supply & Trading, according to Natural Gas World.

RWE Power will run the company’s lignite coal-fired generation, as well as the strategic management of nuclear …read more

RWE announces reorganisation of generation unit

RWE

RWE has announced the reorganisation of its conventional generation unit, and will also seek to cut costs at its renewables and network spin-off, Innogy.

As of January 1st, the company has reorganised its generation business, its gas, hard coal, hydroelectric power and biomass generation forming RWE Generation under the stewardship of CEO Roger Miesen.

Katja van Doren will be its CFO and Tom Glover its commercial chief; he remains managing director of RWE Supply & Trading, according to Natural Gas World.

RWE Power will run the company’s lignite coal-fired generation, as well as the strategic management of nuclear …read more

India needs $23bn to meet rooftop solar target, says report

India needs $23bn to meet rooftop solar target, says report

A new report concludes that India will need to invest $23bn over the next five years to meet its target of 40 GW of rooftop solar photovoltaics by 2022.

India’s government wants 175 GW of non-hydro renewables capacity by 2022 – comprising 60 GW onshore wind, 60 GW utility-scale solar, 10 GW bioenergy, 5 GW small hydro and 40 GW rooftop solar.

At the moment, the country has reached 60 GW of this 175 GW target.

Some 135 GW of the overall target is utility-scale, and the new report by Bloomberg New Energy …read more

France delays reduction of nuclear power

French minister Nicolas Hulot

The French environment minister Nicolas Hulot says the government is postponing its move to reduce the share of nuclear energy in the country’s power generation mix.

According to Reuters, Hulot says the grid operator RTE warned it risked supply shortages after 2020 and could miss a goal to curb carbon emissions, if it went ahead with the cull of nuclear right away, reducing the share from 75 per cent to 50 per cent.

“It will be difficult to maintain the target of reducing the share of nuclear to 50 percent by 2025,” Hulot told reporters following a cabinet meeting. He …read more

Spanish project to launch drone-based PV maintenance system

A Spanish research project is aiming to optimize solar PV plant performance through the use of drones.

The €650,000 project, called SCARAB, is a collaboration between power and control electronics outfit Ingeteam and the University of Castilla La Mancha.

According to Ingeteam, the project aims to develop more efficient sensors to monitor and process the signals received during inspection as well as automatic PV panel fault detection. It also aims to develop advanced fault classification algorithms that can estimate a PV plant’s status and optimize maintenance strategies.

Launch of a drone-based PV plant inspection service is planned for 2018.

The drone will feature …read more

EU plays catch up on battery storage

Francesco Gattiglio

Europe is trailing China and the US when it comes to the development of battery storage, but Brussels is keen to close the gap. Francesco Gattiglio, EU affairs manager of EUROBAT, the trade organisation representing European Automotive and Industrial Battery Manufacturers, told Power Engineering International why he’s enthusiastic about the bloc’s chances.

The proposal for the EU new energy market design, published by the European Commission on 30th November 2016, is seen as a clear step forward for battery energy storage, however some work remained in terms of more coherent approach to facilitating sector success.

Earlier this …read more

World Energy Council Ranks Sustainability Leaders, Does your Country Rank?

Which country is leading the way in sustainable energy

he World Energy Council has released its Energy Trilemma Index.

The tool ,produced in partnership with Oliver Wyman, ranks countries on their ability to provide sustainable energy through 3 dimensions: Energy security, Energy equity (accessibility and affordability), Environmental sustainability.

The ranking measures overall performance in achieving a sustainable mix of policies and the balance score highlights how well a country manages the trade-offs of the Trilemma with “A” being the best.

Balancing the three goals constitutes a ‘dilemma’ and is the basis for a secure, affordable and environmentally sustainable energy system.

The latest findings shows a …read more

Whats Hot @ AfricaCom 2017?!

AfricaCom 2017: Whats free to do at AfricaCom

Whats free to do at AfricaCom 2017.

The 20th AfricaCom conference in Cape Town on 7-9 November 2017 will be tackling the hottest topics for 2017, including IoT, Big Data, FinTech, digital health, sustainable power solutions, digital education and much more. While the conference is predominately aimed at C-suite executives, AfricaCom’s exhibition halls (two of them this year), provide a host of free content that attracts a broad array of citizens, many of whom are looking to connect with like-minded companies and individuals and get a glimpse of what the next ‘big thing’ will be – digitally speaking.

By registering for …read more