Study: Billions in losses across European coal generation industry this year

first_imgStudy: Billions in losses across European coal generation industry this year FacebookTwitterLinkedInEmailPrint分享PV Magazine:Around 79% of the European Union’s coal power fleet runs at a loss, and will burn through €6.57 billion this year.Economics thinktank Carbon Tracker used asset-level financial models to analyze the operating economics of every coal plant in the EU. The resulting analyst note – “Apocoalypse Now” – not only had a title to make pv magazine’s editors jealous, but exposed the idea of coal being the cheapest energy source.Carbon Tracker analysts estimated 84% of lignite and 76% of hard coal generation capacity is operating at a loss in the political bloc, and the two forms of fossil fuel generation could lose €3.54 billion and €3.03 billion, respectively, this year. Against ‘relentless’ competition from solar and wind power, the financial case for coal is becoming incrementally worse, according to data provided by Carbon Tracker. In 2017, the report stated, ‘only’ around 46% of EU coal generators ran at a loss.The authors sourced data from the European Network of Transmission System Operators for Electricity, and from energy transition thinktank Agora Energiewende to generate assumptions about the costs associated with coal power plants.The coal industries most exposed to financial risk this year are in Germany (which could lose €1.97 billion), Spain (€922 million) and Czechia (€899 million), according to the study. The utilities facing the stiffest coal-related losses are Germany’s RWE (€975 million), Czech energy company EPH (€613 million) and Greece’s PPV (€596 million).More: European coal fleet will run at a loss of €6.57bn this yearlast_img read more

VIDEO: Beresford Foreshore Coastal Protection Works Complete

first_img<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>Following the completion of coastal protection works to mitigate erosion, the Beresford Foreshore has reopened to the public, City of Greater Geraldton said in their latest announcement. Shane Van Styn, City of Greater Geraldton Mayor, said he was pleased the first stage of the Beresford Foreshore Coastal Protection and Enhancement Project was finished and looked forward to Stage 2 getting underway.“I am very happy the protection works are finally done and the Beresford Foreshore has reopened for use just in time for summer,” he said.“This is especially true for the shared footpath, which was really missed by the community during the ten month construction period.”Project protection works involved a 45m extension to the existing marina groyne; a 100m extension to the detached breakwater; and constructing three shore based rock revetments along the 1.8km long foreshore.The foreshore area between Midalia’s Beach and Mabel Street has also been planted with more than 18,000 native coastal seedlings to help stabilize the shoreline.[mappress mapid=”24659″]last_img read more

MBB : Last time they played: Syracuse 95, Kansas State 87

first_img Published on March 16, 2012 at 12:00 pm Comments Facebook Twitter Google+center_img Rudy Hackett’s left-handed hook shot sent the game into overtime, and Syracuse used that momentum to defeat the Big Eight conference runner-up in overtime.The Orangemen defeated Kansas State 95-87 to win the NCAA East Regional championship game in Providence, R.I. on March 22, 1975. With the victory, SU advanced to play Kentucky in the national semifinals in San Diego.Hackett scored four points in overtime and finished with a team-high 28 points, 16 rebounds and eight assists. He led the Orangemen back from a lengthy second-half deficit, tarnishing a 35-point effort from KSU’s Chuckie Williams.Williams, who played all 45 minutes of the contest, provided the Wildcats with an apparent 20-foot game-winning shot. The bucket gave KSU a 76-74 lead with just five seconds left.But Syracuse guard Jim Williams took the ball off the inbounds pass and raced upcourt. He found the 6-foot-9 Hackett under the basket, who flipped the ball in as time expired.AdvertisementThis is placeholder textIn overtime, Hackett struck again. He scored the first two points of the period, sparking an 8-2 SU run. Jim Lee’s three-point play with 1:43 remaining gave the Orangemen an 87-80 lead, sealing their 23rd win of the season.Lee, who scored 25 points, caught fire in the opening minutes, helping Syracuse to an early 18-9 lead. Williams pulled the Wildcats back ahead with 15 first-half points. The two teams entered their respective locker rooms at halftime with KSU ahead 38-36.They battled back and forth in the second half. An 8-0 SU run gave the Orangemen a 70-66 lead with just under three minutes left.Williams reeled off six points in a span of 90 seconds to give Kansas State a two-point lead, but Lee tied it with a pair of free throws with 1:05 left in regulation.Williams broke that tie when freshman Mike Evans found him in the left corner in the final seconds. The Wildcats appeared to have won, but Hackett shocked the 9,295 in attendance just moments later, and Syracuse took it from there.-Compiled by Stephen Bailey, asst. copy editor, [email protected]  last_img read more