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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

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IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. By 2025 HKM will have taken measures to reduce CO 2 emissions by at least 30% when compared to 2014.

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Panda Power finances conversion of retired coal plant to natural gas; one of largest power conversion projects in US

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Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.

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Panda Power Funds jointly to develop 1,000 MW coal to natural gas conversion project; Marcellus Shale gas

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Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. Construction will take approximately 30 months and will commence upon financing and other conditions.

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DKRW Advanced Fuels signs major off-take contract for 100% of coal-derived gasoline from Medicine Bow project

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The contract is one of the first major commercial agreements in the US for the sale of liquid transport fuels made from coal. The Medicine Bow project will use Carbon Basin coal optioned from DKRW partner (and coal mine operator) Arch Coal to produce refined hydrocarbon liquid products. We have received front end.

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09

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Siemens Energy to Supply Advanced Coal Gasification Technology to Taylorville Energy Center; 50% CO2 Capture

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has been chosen to provide the coal gasification technology for the Taylorville Energy Center (TEC), a 730-megawatt (gross) advanced coal generating plant being developed near Taylorville, Ill. TEC will be one of the first commercial-scale, coal gasification plants with carbon capture and storage (CCS) capability in the US. .

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