TOTAL chosen to build solar plant near Abu Dhabi

10/06/2010 09:02 Renewable

news

A consortium among the group Masdar from the United Arab Emirates (60%), French Total (20%) and Spanish Abengoa (20%) was established to build the largest solar plant in the world, located south-west of Abu Dhabi.

The 100 MW envisaged solar plant, named Shams 1, will cover an area of 2.5 sq. km, allowing a reduction of 175.000 tons of dioxide carbon per year. It will use concentrating solar power technology, including 768 parabolic mirrors supplied by Abengoa. The project will need investments of around 500 million euro (600 million USD), starting in the third quarter this year and expected to be built during two years.

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.

<READ MORE

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.

READ MORE

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.

READ MORE