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Power DECODED

Latest edition: 22 May 2024
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Spotlight

Europe's grid investment needs to grow to €67bn annually - report

Failure to meet the investment targets could put at risk up to 74% of potential connections for crucial decarbonisation technologies.

Latest news

Advanced Energy makes £571m offer to acquire XP Power

US power conversion, measurement and control equipment developer Advanced Energy Industries has made a £571m ($725.4m) offer to acquire XP Power, a UK-based developer of power conversion equipment.

Eskom extends coal plant operations to 2030 to protect South African grid

South Africa's state-owned power utility Eskom has announced plans to operate certain coal-fired power plants beyond their scheduled retirement dates.

Ghana to select builder for nuclear plant from global contenders

Ghana is poised to select a company to construct its first nuclear power plant by December 2024, Reuters has reported.

RWE installs first turbine foundation at Sofia offshore wind farm in UK

German utility RWE has completed the installation of the first offshore turbine foundation at the 1.4GW Sofia Offshore Wind Farm in the Dogger Bank area of the UK North Sea.

UK picks Wylfa as preferred site for new nuclear plant

The UK government has designated Wylfa in Anglesey, North Wales, as the preferred location for its next large-scale nuclear power station.

Vestas secures contract to supply turbines for project in Austria

Danish wind turbine maker Vestas has secured an order to repower an 84MW wind project in Austria from BE Energy, a subsidiary of Austrian electric utility Burgenland Energie.

Could the global cost of climate change really be six times worse than thought?

A paper by the National Bureau of Economic Research suggests that each degree of global heating could reduce global GDP by 12%.

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