Belgium to Construct an Island to Store Excess Energy from Wind
Belgium announced that it plans to build an island for the sole purpose of storing excess wind energy. According to reports, this is part of Belgium’s plan to free itself off of nuclear energy by 2025. The island will use a pumped-hydro system to store wind energy generated during off-peak hours, which will then be used to help satisfy the demand during hours when the wind isn’t blowing. The three-kilometer island is to be located three to four kilometers off the coast near the province of West Flanders.
Biogen to Build more Food Waste-to-Power Plants as Landfill Taxes Rises
Biogen Ltd., a U.K. developer of plants that generate electricity from food waste, hopes to start building up to five facilities this year as rising landfill taxes increases the costs of burying waste underground. In March, the company plans to start the construction of a 2.5-megawatt project in Hertfordshire that will generate enough electricity for about 4,000 homes. Biogen is also already building a facility in North Wales. The U.K.’s Department of Energy and Climate Change estimates bioenergy plants using food and agricultural waste to produce power may meet 8 percent to 11 percent of the country’s primary energy demand within eight years.
Trina and JinkoSolar to Increase Solar Shipments this Year as Demand Rises
Trina Solar Ltd., the world’s third- biggest maker of solar panels, and JinkoSolar Holding Co. expect to ship more products this year as China’s efforts to promote its domestic solar industry take hold. As panel consumption rises all over the world, these two companies aims to grab more market share as they expect shipment growth to exceed that of worldwide demand. China, the world’s second-largest solar market in 2012, aims to more than double installations this year.
Ski Lanka Receives ADB Loan for Rehabilitation of Small Hydro Plants
Sri Lanka’s National Development Bank will use a US$1.29 million credit line from the Asian Development Bank to rehabilitate 19 small hydro power projects. The credits will be given to private developers and will finance up to 100% of the total estimated costs for the rehabilitation of the said projects. The loans carry a concessionary rate of five years, including a maximum grace period of up to one year. The 19 mini hydropower projects is estimated to add 1.3 MW of combined capacity.