Coal Demand Growth to Stall as Appetite Wanes, According to IEA

BEIJING — Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according to the latest coal forecast from the International Energy Agency. The share of coal in the power generation mix will drop to …

A Six Month Probation?

The output cuts announced by OPEC and eleven non-OPEC producers have entered their probation period and it is far too soon to see what level of compliance has been achieved. The coming weeks will provide more clarity and in the meantime developments elsewhere in the oil supply/demand balance are very …

Vestas Secures 112 MW for Three Projects in France

French energy group EDF Énergies Nouvelles has placed firm and unconditional orders for a total of 112 MW for the 72.6 MW Champagne Picardie project, the 19.8 MW La Carnoye wind park and the 20 MW Bois de Belfays project, consisting of V126-3.45 MW, V117-3.45 MW and V90-2.0 MW turbines …

World Energy Council Notes Key Role of Nuclear Power

Unexpectedly high growth in the renewable energy market, in terms of investment, new capacity and high growth rates in developing countries have contributed to a change in the energy landscape, the latest World Energy Resources report released by the World Energy Council (WEC) yesterday shows. However, it says nuclear energy …

Paris Agreement to Enter into Force as EU Agrees Ratification

The European Parliament has approved the ratification of the Paris Agreement by the European Union yesterday. With today’s European Parliament approval of the Paris Agreement ratification – in the presence of European Commission President Jean-Claude Juncker, the United Nation’s Secretary General Ban Ki-moon and the President of COP 21 Ségolène …

ABB to Divest Cable Business to NKT Cables

NKT Cables is acquiring ABB’s global high-voltage cable system business with a total enterprise value of 836 million euros (US$934 million). High voltage cables are key components in sustainable energy networks, used for transmitting large amounts of electricity over long distances. The business is part of ABB’s Power Grids division, …