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Tag Archives: renewables

Japan’s nuclear power generation ramps up in 2019 but hurdles lie ahead

Dynamics in the Japanese power market have been a major bearish force acting on the global LNG market this year. Weak power demand, increasing renewable generation, notably solar, and higher nuclear output have depressed fossil fuel needs, and LNG in particular, as S&P Global Platts Analytics highlighted in a recent report. Ahead of the Platts Analytics Client Seminar in Singapore, Bruno Brunetti and Andre Lambine explore key aspects of the Japanese power market. Japan’s nuclear...

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Commodity Tracker: 6 charts to watch this week

Globalization of natural gas markets, OPEC’s struggle to balance oil supply and price, and platinum coming to the fore as an investment vehicle are all covered in this week’s selection of essential charts from S&P Global Platts editors. 1. Global gas price differentials keep tightening…   What’s happening? Gas spot prices across regions have converged in recent weeks due to the continued gas glut in an increasingly globalized gas market, with surplus LNG cargoes...

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Commodity Tracker: 6 charts to watch this week

US-China trade tensions and a febrile political climate in the UK are driving key commodity flows and price trends this week. S&P Global Platts editors’ latest pick of charts spans agriculture, the energy complex and metals. 1. US soybean stocks pile up as Chinese export avenue cut off   What’s happening? At the start of the new US marketing year, farmers are sitting on a huge pile of soybean stocks, estimated at 29.1 million mt, up 144% from 2017-18 levels. The escalated...

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Insight from Brussels: EU gas sector pins hopes on ‘green tags’ to face low-carbon future

Trading tags guaranteeing renewable or low-carbon properties could be a key way to secure the EU gas industry’s long-term future in a decarbonized energy system. The EU will soon consider enshrining a 2050 net-zero emissions goal into law, after the European Commission’s president-elect, Ursula von der Leyen, promised to propose this by early 2020. A net-zero commitment is a step up from the current EU goal to cut emissions by at least 80% on 1990 levels. Von der Leyen promised to focus on...

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Middle East solar dream in danger of early burn out

With abundant sunshine, the Middle East and North Africa should be global leaders in solar power. But slowing electricity demand growth and an uncertain economic outlook across the region may hold back investment, experts warn. Arab Petroleum Investments Corporation lowered by 20% its estimate of spending on power generation over the next five years in the region, in a report last month, citing reduced economic and population growth forecasts and higher electricity prices. Egypt – the...

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As demand for “green” power soars, utilities turn to Guarantees of Origin

Businesses and consumers are becoming more picky about the origin of their electricity supply, motivated by a growing sense of urgency to act on climate change. European utilities have noted a strong rise in demand for green electricity – that is, electricity from renewable sources. An important part of the response has been the use of Guarantees of Origin (GOs) – tradable tags that certify the provenance of power supply, down to quite specific details of the generation technology involved...

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US battery installs to accelerate strongly beyond 2020, but new risks emerge

Almost 10 GW of utility-scale and grid-connected battery storage will be operating in the U.S. by 2023, S&P Global Platts Analytics forecast in its latest U.S. Power Storage Outlook. A combination of dropping costs and diversification of use cases points to accelerating storage uptake, with annual storage investments set to increase tenfold from under $0.3 billion in 2019 to around $3 billion in 2023. However, new policy and technology risks are emerging. Click here for full-size chart...

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As Texas temperatures rise, will ERCOT electricity prices boil over?

When record-setting heat swept across Texas in mid-July 2018, ERCOT only narrowly avoided a blowout in power prices with the help of unusually low outages and the fortuitous arrival of a weekend. This summer may be unlikely to get as hot as last year, but shrinking reserve margins continue to emphasize the possibility of surging summer prices. Taking into account increasingly tight reserve margins, upside under ERCOT’s recently revised shortage pricing formula, and higher dependence on wind...

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Insight from Brussels: EU aims to become powerhouse of battery production and recycling

The EU plans to invest billions of euros developing a “green label”, sustainable electric vehicle battery industry in a bid to challenge Asia’s market dominance. The EU battery market could be worth up to €250 billion ($282 billion) in 2025, with global demand for electric vehicles forecast to reach up to 900 million by 2040, the European Commission said in an update to its 2018 strategic action plan on batteries in April. This means EU demand for lithium, nickel, cobalt, manganese and...

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Forward spark spreads suggest rising profitability of US renewables as sector matures

Ahead of the S&P Global Platts Global Power Markets conference in Las Vegas, April 8-10, 2019, The Barrel presents a series of articles on the global and US electricity sectors. In this last post of the series, Steve Piper analyzes S&P Global Market Intelligence data to show that renewables are increasingly able to compete with conventional generation. Wind and solar photovoltaic (PV) electric facilities only account for an estimated 11% of US generation, but they are fast closing...

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