The World Bank has announced that its board has approved a $1 billion loan to help South Africa reform its energy sector, as the country tries to overcome regular power cuts that have curbed economic growth.
Research by the energy think tank Ember indicates that around half of the world’s economies have already passed their peak in power generation from fossil fuels.
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, with electricity demand boosting imports as fuel use outpaced supply.
Germany has announced that it will be preparing several frozen brown coal-fired power plants to make them available for power generation in the winter to ensure security of supply.
The New South Wales Government in Australia said that it will discuss the possibility of keeping Australia’s largest coal-fired power station open beyond its planned closure in 2025.
India has increased its use of coal to generate electricity in an attempt to stop outages caused by lower hydropower output and as its renewable capacity is struggling to meet record demand.
Drax has scrapped a plan to bring two coal-fired units at its plant in North Yorkshire out of retirement.
Neoen, the French renewable energy provider, has started construction on one of Australia’s largest batteries at Collie, a town south of Perth in Western Australia.
Uniper has announced that following a request from National Grid, it has placed on standby two units of its Ratcliffe-on-Soar power station in the UK.
The US Energy Information Administration (EIA) has forecast that the largest increases in the USA during the summer (June, July, and August) will come from solar, wind, and natural gas-fired power plants because of new generating capacity coming online.