The switch to clean energy can only happen if grids are upgraded to connect to more renewable projects, and store excess energy for later use, rather than curtail it. But bureaucratic processes are causing major delays to key renewable energy projects.
By Frédéric Godemel, EVP Power Systems and Services at Schneider Electric
According to a report in the Daily Telegraph, Britain is exploring the possibility of exchanging electricity with the USA via a proposed transatlantic power cable.
The largest US power grid, PJM Interconnections, could lose up to 58 GW of generating capacity by the end of the decade, according to a report by PJM’s Independent Market Monitor.
The EU has announced that it intends to invest €37 million into the Nigerian power sector, aiming to address the longstanding issue of inadequate electricity supply in the country.
Hitachi Energy will supply two Enhanced STATCOM stations with the next-generation grid stabilization technology, SVC Light® Enhanced, to enable TransnetBW to improve power quality in the transmission grid, which supplies power to 11 million people and numerous industries.
GE Vernova’s Grid Solutions business has announced that, in partnership with Polimex Mostostal (PXM), it has won a contract to build the onshore infrastructure to transfer power into the onshore grid from the 1.5 GW Baltica 2 offshore wind farm project.
Mauritania and the African Development Bank (AfDB) have signed financing agreements for two energy sector projects in Mauritania worth $289.5 million.
Ecuador’s national assembly has approved a bill proposed by President Daniel Noboa to increase electricity generation and attract foreign investment to the sector.
PJM Interconnection, the largest US power grid operator, has asked Talen Energy to postpone retirement of four fossil-fuel-powered plants in Maryland by three years, citing reliability concerns.
The North American Electric Reliability Corp (NERC) said that freezing conditions still remain a reliability concern for power generators.