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    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

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

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Seven Dormant Japanese Nuclear Plants To Be Reactivated

    India Okays $2.4 Billion Green Hydrogen Incentive Package

    New Breeder Reactors Can Produce More Than Power In China

    German Regulator Hikes The Price Cap For Solar And Wind Bids

    Energy Shortage In Germany Encourages Hydrogen Transition

    Investing In Renewable Energy By Nations Hits $1.2T- IEA

    Shikun & Binui Energy completes construction on 260-MW Texas solar project

    Lightsource bp finishes second solar project for Southeastern Pennsylvania Transportation Authority

    The EIB finances Iberdrola’s solar plants in Portugal

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    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

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

    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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    Atlas and Hitachi to develop energy storage systems for renewable projects

    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

    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

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Seven Dormant Japanese Nuclear Plants To Be Reactivated

in News, Nuclear Power

To fulfill its energy needs, Japan aims to restart seven idle nuclear plants this year and to begin construction on a new fleet of cutting-edge reactors.The decision was made in response to increased energy prices and a push to achieve net zero carbon targets.

The Green Transformation Executive Committee, which was established by the government to supervise the nation’s efforts to combat climate change, has expanded on the plan that was first presented last summer.

A 10-year road map was presented at a conference on December 22 and it included ideas for a nuclear rebirth.

Following the Fukushima Daiichi catastrophe in 2011, all 33 of the nation’s reactors were shut down for safety assessments. According to the Japan Times, nine were subsequently reactivated and are now meeting 10% of demand, down from 33% prior to the tragedy. The Nuclear Regulation Authority has given its approval for the government’s proposal to put seven more into operation by the end of the summer.

If safety can be ensured, Prime Minister Fumio Kishida stated in August that Japan should think about developing nuclear reactors of the next generation and extending the lifespan of its current fleet beyond its 40-year design lifespan. By 2030, it is anticipated to provide up to 22% of the nation’s electricity from nuclear sources.

By 2030, Japan wants to reduce carbon emissions by 46% and become carbon neutral by 2050. Japan promised to contribute $60 billion annually between 2021 and 2025 to address the climate disaster during the G7 conference in 2021. In order to reduce the nation’s reliance on coal-fired power plants, which currently produce about a third of its electricity, nuclear is considered as crucial. At the moment, Japan is the sixth largest coal consumer in the world, importing over 200 million tonnes annually, primarily from Australia and Indonesia.

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