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Europe’s wind energy industry is used to breaking records for generating more power from low carbon sources but recent developments point to even more dramatic days to come.
By 2050, the European Union aims to reduce greenhouse gases by more than 80%. A large deployment of wind and solar capacities has major impacts on electricity systems in terms of flexiblity and back-up capacities
Interconnectors are assets that gives the owner the option to transmit electricity between two locations. But how does the owner calculate the value of this option?
An accurate valuation of generation assets and their associated risks is crucial.It provides an accurate view of a portfolio's current value and enhances the ability of the owner to quantify and hedge the risk associated with the asset. Given the ability to run (or not run), it has become common place to view generation units as "real options" when attempting to value them; however, this can run into strong headwinds attempting to evaluate all the associated physical constraints
Two articles from The Economist highlight the challenges that India faces and the issues surrounding Coal India
On the 21st September 2012 the East-West Interconnector linking the United Kingdom with Ireland went live. This high-voltage direct current submarine and subsoil power cable connects the British and Irish electricity markets and is the culmination of a project that was first proposed in the early 1970's. Further links are planned with Norway and Spain as well as Iceland, which has geothermal and hydroelectric surpluses. Ireland also has more interconnector projects in the planning phase as it seeks to take advantage of its ocean winds by building more turbines
European networks are facing two potentially conflicting forces; the economic downturn has seen a retraction in network investment, heightened by the strong underlying prices for raw materials and a more volatile, disparate and diversifying generation mix
Exit signs are so ubiquitous that they're almost invisible. Every public building has them. In fact, they are so common that, taken together, these little signs consume a surprisingly large amount of energy. Each one uses relatively little electricity, but they are on all the time. And we have a lot of them in our schools, factories, and office buildings. The U.S. Environmental Protection Agency estimates that there are more than 100 million exit signs in use today in the U.S., consuming 30–35 billion kilowatt-hours (kWh) of electricity annually.
Going beyond the EFA Day and looking at the longer duration products. Mention is also given to proposals to reform the current system
Experts have “raised a host of questions” about how the European Commission’s use of a non-transparent model could affect the energy review, according to a leaked report by energy specialists chosen by Brussels to advise on the forthcoming “Energy Roadmap to 2050”.
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