2020-06-04 11:05:00
ISRAEL SOLAR INVESTMENT $23 BLN
ENERDATA - 3 Jun 2020 - The Israeli government has presented an ILS80bn (US$23bn) plan to increase the share of solar in the power generation to 30% by 2030, when solar power should cover more than 80% of the country's electricity needs at peak hours. Most of the funding will go to solar plants, which will be built by private operators. In addition, the government will finance the upgrade of the national grid and investments in energy storage. Israel aims at reaching 16 GW of solar capacity by 2030. In parallel, coal-fired generation will be completely phased out. As of May 2020, Israel's coal-fired power capacity stood at 4.8 GW and solar capacity at 1.4 GW, accounting respectively for 27% and 8% of the total capacity.
Earlier in April 2020, as part of its ILS25bn (US$7.1bn) economic plan to recover from the impact of the COVID-19, the Israeli government proposed to invest ILS6.5bn (US$1.9bn) to instal of 2 GW of additional solar power capacity. Israel plans ILS3.5bn (US$1bn) of loans and ILS500m (US$143m) of state guarantees for solar project developers. The government also plans to relaunch the tender of the Dimona solar project in the Negev desert, whose capacity will be extended from 300 MW to 500 MW. The tender, which was launched in January 2020 but cancelled one month later over land problems, is expected to mobilise around ILS1bn (US$286m) of investments. The government also seeks to cut red tape and improve grid-connection for renewable projects.
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Earlier:
2020, February, 14, 11:35:00
LEVIATHAN NEED INVESTMENT
Leviathan, one of the world’s biggest offshore gas discoveries of the last decade, has turned Israel into an energy exporter in a tumultuous region and has weaned it off more polluting imports, notably coal.
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2019, June, 6, 14:45:00
CYPRUS GAS EARNINGS $9 BLN
Cyprus will earn an estimated $9.3 bln over 18 years from exploiting its Aphrodite gas field under a renegotiated contract with Shell, US-based Noble and Israel?s Delek, the energy minister said
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2018, July, 6, 11:30:00
ISRAELI - JORDAN GAS PIPELINE: $10 BLN
BLOOMBERG - A pipeline to transport $10 billion worth of natural gas over 15 years from Israel’s Leviathan field into Jordan will be completed by the end of 2019, according to the company buying the fuel.
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Chronicle:
2022, June, 28, 11:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
2022, June, 28, 11:43:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023
Link to the Congress website: https://bit.ly/3tXVmr7
2022, June, 28, 11:40:00
S.KOREAN NUCLEAR SUPPORT
South Korea’s new president, Yoon Suk-yeol, said on 22 June that in order to rebuild the nuclear industry that was “devastated by the previous administration”, the government will allocate KRW92.5 billion ($70 million) from the energy budget for the restoration of nuclear power generation capacity.
2022, June, 28, 11:35:00
U.S. SMR FOR ROMANIA
Romanian company Nuclearelectrica and NuScale will cooperate with the US Trade and Development Agency (USTDA) on a series of engineering and design activities and studies, as well further technical analyses of the Doicești site, a former thermal power plant site which has been identified as a potential location for the SMR plant.
2022, June, 28, 11:30:00
U.S. SOLAR POWER 25%
US Energy Information Administration reports a capacity factor of 25% for solar generation.
2022, June, 28, 11:25:00
AUSTRALIAN SMART ENERGY
As energy is of national importance, a national policy, national rules and regulations are necessary. At the same time, we are facing massive changes in the energy sector.
2022, June, 27, 11:45:49
OIL PRICE: BRENT NEAR $113, WTI ABOVE $107
Brent edged down 8 cents to $113.04 a barrel , WTI was at $107.38 a barrel, down 24 cents.