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Global 13

Inbox EnErgy watch Trends around the world USA and Iraq to drive the creasingly complex – and sometimes con- it is raising the funds to build the $400 mil- fortunes of global oil and gas tradictory – choices,” says the Outlook. solar modules at Nzema is due to begin bylion plant. Installation of more than 630,000Renewable energy will become the second- Over the next 20 years, a largest source of electric power generation by the end of 2013, with power generation ex- sharp rise in global oil and 2015, with solar power growing faster than pected to start shortly afterwards. gas output – most mark- any other renewable technology. However, Meanwhile, an ambitious plan for a edly from both the USA and coal seems likely to remain the leading source large CSP plant in Tunisia seems likely to Iraq – will make dramatic of electricity generation at least until 2035. have a longer gestation period while the changes to the world’s overall energy map, essential finance is raised. The ‘TuNur’ suggests the latest World Energy Outlook from the International Energy Agency. At Tidal breakthrough tion as a blueprint for other such projects-project is backed by the Desertec Fonda the same time, with demand for fossil fuels An experimental tidal power in the Sahara desert. The project develop- continuing to surge in China, India and the turbine in Strangford Lough, ers, including Nur Energie and Top Oil- Middle East, the world is still failing to put Northern Ireland, has been field Services, envisage delivering elec- the global energy system on to a more sus- outperforming expectations, tricity to Europe by 2016. tainable path, even despite rapid progress in according to its developer boosting renewable energy, says the report. SeaGen. The device, which resembles an The introduction of hydraulic fracturing underwater wind turbine, recently generat- India looks to the wind for (or ‘fracking’) to unlock trapped oil and ed 1GWh of power in 68 days and as much more power gas resources is helping to change the US as 22.5MWh on a single day of strong tides. Having suffered widespread role in the world energy trade, it points out. The fact that the device is delivering pre- power cuts in recent months, Within two years, the USA could overtake dictable and reliable power to the grid is India could fight its chronic Russia to become the world’s largest pro- seen as helping the further commercialisa- power shortages with the ducer of natural gas and, within four years, tion of the technology. In early 2012, Sea- help of major investment in its oil output could even surpass, at least Gen was acquired by Siemens. wind energy. temporarily, that of Saudi Arabia. From In collaboration with the Global Wind having depended critically on oil imports, Big solar projects show the Energy Council, the Indian Wind Turbine porter by 2030. way ahead in Africa new report that envisages wind energyManufacturers Association has issued a- North America could then become a net ex The Middle East will reorient its exports As companies and financiers supplying an additional 5,000MW every primarily to meet the rising demand from search for technical and pol- year to bring total wind energy capac- Asia. The outlook predicts that Iraq will ac- icy advantages in investing ity to 89,000MW by 2020 – up from the count for 45 percent of the growth in global in renewables, two recently 18,000MW currently installed. oil production by 2035, by which time its announced solar-power The report says that these plans would at- output could overtake Russia to stand at projects have indicated a high level of in- tract $16.5 billion in annual investment and more than 8 million barrels a day (b/d). terest in different parts of Africa. create 179,000 new jobs. Observers comment In the USA, the fracking boom is expected Large investments in solar seem set to that much still needs to be done, especially to push the country’s oil production from 8.1 kick off fastest in Morocco, where the gov- at the policy level by the state and national million b/d in 2011 to 11.1 million b/d by ernment plans to install total solar genera- governments, for India to meet its target of 15 2020, and gas output from 604 billion to tion capacity of 2,000MW by 2020. Saudi percent renewable electricity supply by 2020. 747 billion cubic metres a day over the same Arabian and Spanish firms have already sylvania have become important new sourc- first phase of a 500MW concentrated solar Electric bus wins awardsigned a $1 billion deal to develop the-period. States like North Dakota and Penn es of oil and gas (there are also indications power (CSP) plant near the southern town The Optare Versa EV, the that fracking could revolutionise production of Ouarzazate, with production due to be- UK’s first full-sized battery- in other countries such as China, Argentina, gin in 2015. Funding has been secured from powered electric bus, has South Africa, Canada and Brazil). European institutions. been recognised for its auto- The falling cost of gas production in the Ghana is also seeking to incentivise motive innovation by the So- USA is expected to have an impact on the its renewable energy capacity to meet its ciety of Motor Manufacturers and Traders, development of more conventional gas growing energy needs and hopes to put beating off competition from other car and fields in other parts of the world. Russia’s a 155MW photovoltaic array in western component innovations. The 50-seat Versa Gazprom recently halted plans to develop a Ghana into operation by 2015. The Nzema EV makes use of recent advances in battery new Arctic gas field, saying that it could not project will be the first of several that are technology and the development of fast justify the huge investment involved. planned under the country’s 2011 Renewa- charging systems. After a single low-cost “Policy-makers looking for simultaneous ble Energy Act, which offers feed-in tariffs overnight charge, it has a daily range of progress towards energy security, economic that can help to attract international finance. 120-150km (75–95 miles). With zero tail- and environmental objectives are facing in- UK-based Blue Energy has announced that pipe emissions, it operates almost silently. 6 lwww.global-briefing.org first quarter 2013global


Global 13
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