Turkey will host the 5th International Nuclear Power Plants Summit (INNPS) on March 6 and 7. The summit will be held in the Pullman Istanbul Convention Center in Istanbul. The INNPS aims to bring together global nuclear power player countries such as Japan, Germany, France, Russia, China and the U.K. and Turkish industrialists who want to enter the nuclear industry.

Among the topics that various experts from several countries will speak about at the summit are nuclear energy and its sub-sectors in Turkey and the region. Participants will benefit from extensive networking opportunities with nuclear industry peers and get the chance to approach senior level executives from a large number of local and international companies.

According to the organization's committee, over 1,000 participants and 70 speakers from 15 different countries have registered to attend the conference. Attendees will be utilities, independent power producers, engineering, procurement and construction companies, licensing specialists, financing companies, government officials, equipment suppliers, lawyers, consultants, Turkish companies that have interest and resources for investing in nuclear, association and chamber of commerce representatives interested in developing nuclear industry within their regions, Research & Development Companies, managers from engineering and construction companies, nuclear energy equipment and services suppliers and energy economists and analysts for financial and investment institutions.

For further information, please visit: https://www.nuclearpowerplantssummit.com/

The size of the public offering this year in the energy sector is estimated to be 1 billion dollars. Enerjisa Energy Inc., Başkent Doğalgaz Dağıtım AŞ and Aksa Doğalgaz Dağıtım AŞ are planned to be offered to the public this year.

In Enerjisa, which operates in the field of electricity distribution and sales, German energy company E.ON and Sabancı Holding have 50% shares. The company, which applied to the Capital Markets Board (CMB) on 15 November last year, is expected to complete its public offering in February.

Nominal value of Enerjisa shares to be offered to the public at 18 percent is 212.59 million Turkish Liras. If 2 percent of the additional sale is sold, nominal value of shares to be offered to public will be 236.21 million TL.

It is estimated that the public offering will take place at a level between $ 390 and $ 470 million.

Natural gas distribution sector to go public for the first time

Başkent Doğalgaz Dağıtım AŞ, which applied to the CMB for initial public offering on 24 September last year, is also planned to go public in the first half of this year.

Torunlar Energy is expected to be offered to the public in the amount of TL 175 million worth of shareswhich is equivalent to 25 percent of the company. It is estimated that the public offering will be equivalent to 250-300 million dollars.

When completed, the company will be first opened to the public natural gas distribution company in Turkey.
Aksa Doğalgaz Dağıtım AŞ is also planning to open 30% of its shares to the public. The public offering, which is expected to be completed by the end of 2018, is estimated to be in the range of $ 450-900 million.
Thus, in 2018, it is estimated that the size of the total transactions will reach $ 1-1.6 billion in the public offerings in the energy sector.

"A joint sale is planned"

International tax, audit and consulting firm KPMG Turkey Energy Sector Leader Umit Bilirgen states that energy sector companies, which have difficulties on investing through merger and acquisition transactions, intend to make equity sale through public offering.

Saying that three energy companies which are planned to be offered to the public this year, are electric and gas companies that achieved reliable and predictable income through regular asset management, Bilirgen stated:

"This is intended to encourage investor groups that do not like the risk to be interested in these assets, and it is also planned to sell them in three public offerings, that is, to strengthen the capital structure of the shareholders, not the companies to be publicly traded. Successfully completed IPOs in 2017 became the light of hope for the public offerings in energy sector, but a public offering at this size and revenue structure will be a in Turkey. Its consequences will be guiding for the entire energy sector."

Turkey has only 10 companies in the energy sector that are offered to the public until now.

Source: AA

Committee on Climate Change has delivered its verdict on the government’s Clean Growth Strategy, ultimately calling for more urgent action or risk failing to meet its statutory climate targets. The document covers all facets of the UK’s green economy and Clean Energy News has broken down the key recommendation sector by sector below.

Power sector

There needs to be urgent progress on routes to market for low-carbon generators, particularly the cheapest technologies in onshore wind and solar. The CCC’s recommendation is that between 80 and 100TWh of new low carbon generation will be required, with as much as 70TWh of this needed from new tenders. The system would also to benefit from added battery storage, interconnectors, flexible generation and demand side response.

However, with a view to the 2050 target, the CCC’s high electrification scenario would require more than four-times the current level of low carbon generation by 2050, indicating that substantially increased deployment would be needed.

In a nod to the findings of Dieter Helm’s cost of energy review, the committee has called on the government to consult on how and when a move to technology neutrality mechanisms would be possible.

The committee has also warned government against placing such a high importance on new nuclear. It points to recent energy and emissions projections issued by BEIS which assume two or three new nuclear reactors – in addition to Hinkley Point – coming on stream between 2028 and 2032. This is set against a context that the last nuclear reactor to be commissioned in the UK was Sizewell B in 1995. Describing that target as ambitious – particularly given recent cost reductions in offshore wind – it also notes that contracts must be signed in the coming years for that target to be hit. Most recently the government appears to have switched gears to smaller nuclear reactors.

In response, the committee has urged the government to implement a progress monitoring and reporting scheme to be put in place alongside contingency plans should nuclear expectations fall short.

Carbon Capture Usage and Storage

Branching out from power sector recommendations slightly was the discussion surrounding carbon capture usage and storage (CCUS). The CCC has been at great pains to point out that fulfilling the Climate Change Act without meaningful CCUS deployment will be a significant challenge, and has bemoaned the government’s £100 million fund established in the Clean Growth Strategy as “not commensurate with its importance”.

The committee has therefore urged the government to establish plans for CCUS in this year which will kick-start a domestic CCUS industry in the 2020s. "We cannot underline more strongly the fact that without CCS we do not see [how] we can... meet our legally necessary targets. [That] will cost a great deal more, and CCS is essential,” Lord Deben, chair at the CCC, said.

Electric vehicles

On the EV front, the CCC’s main sticking point refers to the government’s plans to phase out conventional petrol and diesel cars by 2040. Having estimated that between 30-70% of new car and 40% of van sales would need to be electric by 2030, the government has since been urged to edge towards the “upper end” of that range by the CCC.

The committee’s own recommendation is to aim for 60% of new car and van sales (bringing vans into the main overall target rather than establishing a target of its own) to be electric by 2030. However, the committee has also said that it may be necessary to consider bringing forward the 2040 date by five years to take into account that most vehicle ownership cycles last 15 years.

Homes and the built environment

A not inconsiderable portion of the committee’s concern relates to energy demand from existing and new builds, and particularly the country’s housing stock. The CCC has maintained the view that reducing energy demand from homes not only reduces carbon emissions but shelters bill payers from the wider costs of decarbonization by reducing the levies that are attached to energy bills.

The committee has as a result called for urgent progress and firmer policy action on upgrades to “as many homes as possible” to EPC band C by 2035, with a desire for policies to be in force by the end of 2019 at the latest.

Source: Clean Energy News

The US has approved controversial tariffs on imported washing machines and solar panels. The move is in line with President Donald Trump's "America First" trade policy, which aims to protect local manufacturers from foreign competition. A spokesman said the administration would "always defend American workers, farmers, ranchers and businessmen".

But China and South Korea, whose manufacturers will be most heavily affected, criticized the move. US officials said more trade enforcement actions would follow.

Mr Trump has talked about taking the action ever since coming to office. In his inauguration speech a year ago he promised to protect US borders from other countries "making our products, stealing our companies and destroying our jobs".

The actions are being seen as the president's most significant trade moves since his decision to pull the US out of the Trans-Pacific Partnership deal (TPP) and renegotiate the North American Free Trade Agreement (Nafta).

Why have the tariffs been imposed?

The tougher policy was approved by President Trump after the US International Trade Commission (ITC) found local manufacturers were being hurt by cheaper imports.

Manufacturing companies - Whirlpool, a US-based maker of washing machines, and the solar firms Suniva and Solar World Americas - had complained to the ITC and it found in their favour.

The tariffs set on solar panels were lower than domestic US producers had hoped for, but the duties on washing machines and parts were steeper than expected - adding as much as 50% in some cases, according to US documents.

How will the tariffs work?

The first 1.2 million imported large residential washing machines in the first year will have a 20% tariff imposed on them, while there will be a 50% tariff on machines above that number.

By the third year, these will drop to 16% and 40% respectively. Figures suggest that in 2010, 1.6 million washing machines were imported to the US.

Meanwhile, the tariff increase on imported solar cells and modules in the first year will be 30%, falling to 15% by the fourth year, although 2.5 gigawatts (GW) of imported cells - enough for about 11.5 million panels - will be allowed in tariff-free annually.

The ITC said that China had been selling "artificially low-priced" solar components in the US, assisted by state subsidies.

Source: BBC

Article

The e-mobility revolution: impact of electric vehicles on the GB power system and emerging utility business models

Aurora Energy Research released a new report on the EV revolution. In this study, the likely impacts of the growth in electric vehicles on the GB power market are examined, and the following questions are addressed:

  • How and when will the market penetration of electric vehicles increase, and what does this mean in terms of additional power demand?
  • What is the current charging profile for electric vehicles, and how might this change in the future?
  • What impact could EV charging have on demand shape and peak demand?
  • What are the market and system implications of EV charging, and how does this differ is charging is ‘smart’ or ‘dumb’?
  • Which market participants stand to gain or lose? How does this affect the requirement for flexible power capacity?

Please click here to read the full report.