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    Refiners Should Not Be Making Above Normal Profits- Biden

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    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Wind Energy

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    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

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    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

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New Coal Plant Nods In China In 2022 Highest Since 2015

in News, Thermal Power

China had approved the construction of 106 gigawatts of coal-fired capacity in 2022, which was four times more than what had happened in 2021, and as a matter of fact, it remains the highest since 2015, driven by energy security considerations as per research.

According to the Global Energy Monitor and the Centre for Research on Energy and Clean Air, more than 50 GW in terms of coal power capacity went ahead with construction across the country in a year that was more than half as large as the previous year.

As per GEM analyst Flora Champenois, the pace at which the projects have progressed when it came to permission for building in 2022 has been extraordinary, with numerous projects not only coming up and gaining licences but also obtaining funding as well as breaking ground in just a matter of months. The scale of new capacity that was connected to the new grid had slowed the pace in recent years due to a gradual decline when it came to new approvals as compared to the 2017–2020 period. Having said that, it is expected to rebound in the next few years due to concerns about power shortages.

Many of the freshly approved projects have been identified as supporting baseload capacity designed to make sure the stability of the power grid as well as minimise the blackout risk, according to the CREA-GEM report. That said, numerous projects are being built across regions that boast a clear capacity surplus, and therefore the power supply issues would be better taken care of by enhanced grid reliability and efficiency. In September 2021, there were a series of blackouts that China went through due to coal supply shortages, thereby affecting many factories. Also, due to a long drought that was witnessed last year, there was a dip in hydropower generation, leading to electricity rationing.

It is well to be noted that Beijing is trying to refuel its economy after growth and employment were hit by strict zero-COVID measures, raising concerns that the country’s low-carbon efforts may get sidelined. But interestingly, renewable power capacity levels have stayed at record levels, with 87 GW of solar installations in 2022, which are expected to rise further this year.

Apparently, China looks to bring its carbon dioxide emissions to a peak by the end of this decade; however, it remains to be seen what levels they are expected to reach.

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