$80 Billion Worth of Power Wasted Annually by Electronic Devices, Says IEA
The world’s 14 billion televisions, game consoles, computers, printers and other electronic devices waste $80 billion of electricity every year due to inefficient technology, says the International Energy Agency. By the end of the decade, an estimated $120 billion will be squandered as many devices use about the same amount of power even on standby, adds the Paris-based adviser. Power demand is increasing as network connectivity spreads to appliances such as refrigerators, lights and washing machines. Improving the energy efficiency of networked devices in the coming years would save 600 TWh of energy, or the equivalent of shutting 200 standard 500MW coal-fed generators.
Japan’s Yaskawa to Buy Finnish Wind Parts Maker Switch Engineering Oy
Yaskawa Electric Corp., a Japanese machinery manufacturer, recently announced in a statement that it will buy The Switch Engineering Oy, a Finnish wind turbine component maker. The acquisition follows a September 2013 deal between the two companies to distribute each other’s wind turbine converters and generators. Financial terms, including the number of shares to be bought by the Tokyo-based Yaskawa were not disclosed in the statement.
Sumitomo and Partners to Furnish Loans for Japan Biomass Projects
Sumitomo Mitsui Banking Corp. and its partners will provide a $62 million (6.3 billion yen) loan for an 18-megawatt woody-biomass plant being developed by a unit of First Energy Service Co in the southwestern prefecture of Oita. Separately, Sumitomo and others will supply a 2.2 billion yen loan for a woody biomass plant in the northern part of the country being developed by Fujikoh Co. First Energy Service said in a recent statement that the Bank of Tokyo-Mitsubishi UFJ along with two other banks will also join Sumitomo and Fujikoh in the endeavor. Japan saw an increase of biomass projects since the introduction of an incentive program on July of 2012.
Alstom Snags Its First Wind Energy Contract in Poland
Alstom, one of the frontrunners in the global power industry, has recently secured a deal with PGE Energia Odnawialna S.A. to supply 30 ECO110 3 MW-capacity wind turbines for the Lotnisko 90MW wind farm located in Kopaniewo, Poland. This will be Alstom’s first wind energy project in Poland. Expected to be commissioned by the end of 2015, the project will have an estimated cost of 80 million pounds. The operation and maintenance of the project will also be handled by Alstom for a period of two years after commissioning.