Marine tidal current prototype to be installed off the Scottish coast by Voith Hydro and RWE Innogy

15/06/2010 09:17 Renewable


The joint venture company Voith Hydro Ocean Current Technologies, with Voith Hydro holding an 80% share and RWE Innogy a 20% share, projects to install a 1 MW marine tidal current turbine off the Scottish coast.

The European Marine Energy Centre in Orkney Island waters will be the one to test the prototype for a period of two years, beginning with 2011. The turbine is expected to supply 1,800 MWh of power into the grid annually, the turbine base to be manufactured and installed by Bauer Renewables. A total of 1.7 million pounds out of the needed investment of 11.8 million will be supplied by the government of the UK, via the Carbon Trust’s Marine Renewables Proving Fund. At present, Voith Hydro Ocean Current Technologies is installing its first turbine of this kind, with a capacity of 110 kW, on the South Korean coast. The turbines are wholly being operated with no oils, the saltwater being a natural lubricant.

Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17:00

Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.


Mongolia exports 32.3 million tons of coal as of first ten months

12/11/2019 10:35:00

Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.


NTT to spend 600 billion yen on own grids for power business

12/11/2019 10:25:00

Nippon Telegraph and Telephone has decided to build its own power grids. Japan's largest telecom company plans, beginning in the year ending March 2021, to sell electricity from storage batteries at its roughly 7,300 office buildings around the country, mainly to hospitals and factories.