Latest news with #powergeneration
Bloomberg
4 hours ago
- Business
- Bloomberg
Ireland Shuts Last Coal Plant as Europe's Phaseout Accelerates
Ireland became the latest European country to put an end to coal-fired power generation, with Spain and Italy set to follow soon. The last coal plant in the country has officially closed in County Clare, after more than 40 years in operation, state utility ESB said in a statement. Also this year, Italy will shut two major stations, and Spain's remaining ones will be decommissioned or transformed into gas plants, according to nonprofit Beyond Fossil Fuels.
Times of Oman
13 hours ago
- Business
- Times of Oman
India records highest growth in power generation after US & China in last five years: IEA
New Delhi: India has emerged as a country with the third-largest growth in power generation capacity globally over the past five years, according to the latest report by the International Energy Agency (IEA). Only China and the United States surpassed India in power generation growth during this period. It said "India has seen the third-largest growth in power generation capacity in the world after China and the United States". The report highlighted that India's electricity demand has been rising sharply due to several factors. These include the expansion of commercial and residential spaces, increased ownership of air conditioners and other household appliances, and growing demand from industries. To meet this growing demand, power generation in the country has expanded across all energy sources. The report mentioned that a major driver of this expansion has been the strong push towards renewable energy. The report noted a significant increase in investments in clean energy, especially solar photovoltaic (PV) projects. In fact, solar PV alone accounted for more than half of the total non-fossil energy investment in India over the past five years. In 2024, as much as 83 per cent of power sector investment in the country went into clean energy initiatives. India was also the largest recipient of development finance institution (DFI) funding for clean energy in 2024. The country received around USD 2.4 billion in project-specific funding aimed at boosting clean energy generation. In terms of foreign investment, India has seen a steady rise in foreign direct investment (FDI) in the power sector. FDI reached USD 5 billion in 2023, nearly twice the level seen before the COVID-19 pandemic. This growth is partly driven by government policies that allow 100 per cent FDI in all areas of electricity generation (except nuclear power) and transmission infrastructure. However, the report also pointed out that foreign portfolio investment in India's energy sector has seen a decline in the past two years. This drop is attributed to a mix of macroeconomic and sector-specific challenges, though the long-term trend remains positive.
Yahoo
2 days ago
- Business
- Yahoo
The AES Corporation (AES): Among the Energy Stocks that Fell This Week
The share price of The AES Corporation (NYSE:AES) fell by 6.73% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week. An executive in a power plant control booth overseeing the efficient energy production. The AES Corporation (NYSE:AES), together with its subsidiaries, operates as a power generation and utility company in the United States and internationally. The AES Corporation (NYSE:AES) suffered a setback this week after a Senate panel proposed phasing out solar and wind tax credits by 2028, as part of changes to President Donald Trump's 'One, Big, Beautiful Bill'. While this is expected to deal a significant blow to AES, the company should be able to make it through, as only 52% of its deployed power assets were dedicated to renewables, with the remainder divided between natural gas and coal. Moreover, around 23% of the company's total renewables portfolio is composed of hydropower, whose tax credits will remain in the Senate bill until beginning their phaseout in 2033 through 2036. While we acknowledge the potential of AES as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Times
2 days ago
- Politics
- Irish Times
Letters to the Editor, June 19th: On power supply, threats to Europe and lottery winners
Sir, – The creation of a separate network for high energy users may be a good idea but could it also be a slippery slope to a two-tier energy system ('D ata centres could build own private electricity plants ,' June 18th). With big users allowed to create their own networks, along with them probably going into power generation, it could soon be that they push for selling on their surplus to the highest bidder and not think of who needs it most. The power large multinational companies have on the economy may result in too much latitude being given to them. An 'I'm alright Jack' attitude may prevail once their needs are met, and the needs of the nation will come second. With the creation of a separate delivery network, strong controls must be in place to ensure that they do not also strong-arm landowners to cross their land, or even build energy stations in inappropriate areas. READ MORE By all means get them to contribute to the cost of the network and even allow them to build it, but control must remain with the ESB. The State must at all times be in control of energy produced and must not allow it to fall into the hands of large corporations whose owners may not have the interests of the country at heart. While it's up for discussion at the moment, Minister for Energy Darragh O'Brien and the Government must ensure they make the decisions on all aspects of this scheme and not let it become a cross for future generations to bear. – Yours, etc, JOHN BERGIN, Wirral, England. A gay man in the Church of Ireland Sir, – Bishop of Down and Dromore David McClay might speak for some of those in his own diocese, but he does not speak for me and many in the Church of Ireland ('B ishop criticises Christ Church invite for gay preacher to speak at Pride Service ,' June 18th). The visit of Bonnie Perry, Bishop of Michigan, to Dublin last weekend was a joyful, emotional and thought provoking occasion. As a gay Christian and active member of the Church of Ireland, her words were an inspiration to all of us – echoing and prompting us to think beyond the theological norms that those of faith in the LGBTQIA+ community are told cannot shift. They can and one day they will. 'Hope does not disappoint, because God's love has been poured into our hearts through the Holy Spirit.' Bishop McClay talks of the concern and confusion of church members. He forgets that in recent times, members of three diocesan synods in the southern province, including Dublin and Glendalough, voted by a significant majority to ask the House of Bishops to give diocesan discretion to allow same-sex blessings. Of course, there is much work to do. The support from the ground is there, from laity and clergy. Those bishops who have put their head above the parapet have been criticised for it by fellow bishops, but we must continue to be lifted up by the experience of those who shine a light on what might be possible here one day. I remain optimistic about my place as a gay man in the Church of Ireland, knowing full well that one bishop's smug religious superiority won't deter me from continuing to fight for inclusion and equality in the church I love. – Yours, etc, MARK BOWYER, Celbridge, Co Kildare. Organ donation and complacency Sir, – As the Human Tissue Act comes into effect this week, we all become presumed potential organ donors at the time of death unless we elect to 'opt-out'. This presumed consent model brings our legislation in line with many of our EU counterparts and is an important milestone for organ donation in Ireland. However, it is important to not be complacent. Ireland has excellent organ transplant programmes due to the tireless efforts of healthcare workers across the country, but despite this our rates of transplantation fall below the need for organs. Spain has the highest rate of deceased organ donation in the world. They have had an opt-out system since 1979, but it was only a decade later that their transplant numbers began to rise. They attribute their success not to their opt-out system, but to their well resourced infrastructure across their hospital network nationally. When Sweden introduced its opt-out system without this complementary infrastructure, it saw no increase in transplantation rates. If we are to replicate the success of the Spanish system, higher levels of Government support and investment in transplant infrastructure are required. Our citizens with chronic disease deserve nothing less. – Yours, etc, Dr LIAM O'NEILL, Kilmainham, Dublin 8. Defending Europe Sir, – I found Tom Clonan's letter ( June 17th ) very interesting but I have some reservations on its essence. I was born not long after the second World War and my father, himself born in the 1880s, fought as a volunteer in both world wars, as an artillery captain in the first and lieutenant-colonel in the second. As a result, his personal opinions and experiences were often the subject of discussions and led me to believe – as well as evidence from history over the last century – that a strong defence is not a tool for aggression but the best protection for continued peace. This history started when the newly established Republic of Armenia's army, while putting up a valiant resistance, could not stop the invasion from a superior Turkish army in 1918 which led to the genocide of over a million Armenians. Secondly, while an increase in armaments may have been a factor in the start of the first World War, it wasn't the only one. The rise of nationalism and the perceived threat from Germany were also responsible. Finally, the assassination of Franz Ferdinand of Austria in 1914 triggered the actual start of the war. During the 1930s, France built fortifications along the Maginot Line stretching the length of its borders. This was, for the time, a feat of engineering, with underground transport, communications, and weapons encased in concrete capable of withstanding any air attack. It was to prevent any German invasion but proved to be ineffective in the second World War as the German army simply went around it and invaded Belgium, a neutral country. Norway suffered the same fate, adding further proof neutrality is no protection in the face of determined aggression. Going back to present times, Dr Clonan evaluation's of Nato's strength – as against Russia's – includes the military capability of the present US administration. And while the combined nuclear power of France, the UK and the US exceeds Russia's, it will be significantly diminished if the US withdraws its support. History has shown us that the threat of a powerful retaliation is the one weapon Europe may ignore at its peril. The establishment of Nato has given us 80 years of peace and may have lulled the last generations into a sense of a security which may be threatened in the not too distant future. We have heard various reports of Russia's failing economy, military losses, etc, but the recent disastrous attack on Ukraine shows its aggression doesn't show any sign of abating. Neither should we forget that in the case of an extended conflict, the involvement of China, in particular, and others, is a possibility which should not be overlooked. I hope Dr Clonan is correct when stating the invasion of a Nato member by 2029 is unlikely, but some other opinions differ and I would prefer to see a Europe united and ready to defend its territories and its populations. Neither do I believe that this alienates committed negotiations towards peaceful endings to military conflicts. – Yours, etc, ELISABETH WOGAN, Portmarnock, Co Dublin. Sir, – I've heard it said you should never underestimate your enemy and never overestimate your ally. Europe and Britain are guilty on both counts. Vladimir Putin, the enemy, has been underestimated since coming to power at the turn of the century. He was feted by the West even when silencing any opposition within Russia, supporting insurgency in eastern Ukraine during and after his annexation of Crimea. Now he is testing the resilience of European security: continually probing European airspace, mapping vital undersea communication and power lines and testing internal commercial facilities. It was only with his full-scale invasion of Ukraine that Europe finally saw the light. However, Europe has been complacent, relying on American military power to provide security. Many US presidents have been reluctant to provide this carte blanche security, especially since the fall of the Soviet regime. However, until now they have always stepped up. President Donald Trump, during his first term, more than hinted he would withdraw support and now during his second term he could carry out the threat. Europe has completely over estimated its most powerful ally. Even Britain, with its 'special relationship' with the US, has been complacent. I read that Trump wants Putin to return to the G7. One wonders who is the enemy and who is the ally? Europe and Britain have to get tough and look after their own security to ensure its values and freedoms. – Yours, etc, DENNIS HAWKE, Co Donegal. Water and housing Sir, – The UK is building 10 new water reservoirs by 2055 to cater for a projected eight million increase in population. In Ireland, our population is growing rapidly and without water supply we cannot build the houses required to accommodate this increase in population. Uisce Éireann is seeking €2.2 billion in funding. Will any of this be used to build new reservoirs? And why is it not a top priority of Government to provide such money from the Apple fund to help Irish water create the infrastructure without which we are stuck with the same tinkering around the edges of the biggest housing emergency in history and solving nothing. Words fail. – Yours, etc, JOANNE MORRISSEY, Sandycove, Dublin. Euromillions and Lotto winners Sir, – I once read that the best way to cope with a large windfall is to burn half of it in a wheelbarrow. That way you get to appreciate the other half. As it happens, I have a wheelbarrow with a €125million capacity, and am happy to provide the above service for a small fee. – Yours, etc, HUGH McDONNELL, Glasnevin, Dublin 9. Sir, – The latest excitement about a fabulous lottery win in Ireland reminds me of the monumentally stupid things people do with unexpected wealth. I was once a participant in a small syndicate which had a modest (four or five number) win in the National Lottery. Having cashed in the ticket we found ourselves with a bit more than €780 to redistribute among the investors. One suggested option was to spend the entire money in the upcoming weekend lottery. Being the smartest bloke in the room, I advised my mates that this was like nipping down to the bookies and backing only 1,500-1 outsiders. My advice was ignored and a week later our gains had completely vanished. – Yours, etc, MARTIN FITZPATRICK, Howth Road, Dublin 5. AIB and the State bailout Sir, – I was pleased that AIB chief executive Colin Hunt remarked that 'AIB profoundly regrets that it had to be rescued by the State almost two decades ago and owes an immense debt of gratitude to the Irish taxpayers for their support provided during that challenging time'. Might I wonder would it be an appropriate time for AIB to change its well-known logo, to incorporate a symbol representing that immense 'gratitude' – a heart perhaps or a simple 'Thank You'. Lest they forget! – Yours, etc, AIDAN RODDY, Cabinteely, Dublin 18. Disappearing down a hole Sir, – Fintan O'Toole identifies a problem that extends far beyond Irish government reports (' Official documents are quietly disappearing from departmental websites. Why? ,' June 17th). The phenomenon of 'unpublishing' is rife globally. I have found a number of accounts of speeches that I have referred to in previous research across a wide range of topics hard to retrace. They have completely disappeared from internet search engines, despite my having details of date, etc. This is especially the case when what was said no longer suits the current moment. Thus, I can imagine that right now support for net zero and tackling the climate emergency is going to vanish from the online record of speeches by many public figures as long as Donald Trump is in power. Public figures should of course be free to change their minds, but it is sad that they should be able to erase the record of their previous opinions so easily. – Yours, etc, Prof ADRIAN GUELKE, Fitzwilliam Street, Belfast. Respect the presidency Sir, – The Irish presidency has over the years proven itself to be a position that has served the people and democracy well. At this time of international instability and threat to the fundamental rights of people and institutions it is imperative that the presidency and the upcoming election are treated with due respect. Kathy Sheridan's article (' Presidency is the plum job that no one seems to want ,' June 18th) gives some reasons why individuals are reluctant to enter a contest for the position. The disrespect for truth and persons in some previous contests has greatly lessened the willingness of many to allow their names to be considered. There are also the occasional gratuitous media comments about the office and its holder(s) that serve only to lessen the respect properly due to an individual 'who takes precedence over all other persons in the State'. The upcoming election/selection deserves to be treated with all due dignity. – Yours, etc, MICHAEL GLEESON. Killarney, Co Kerry. Mapping a route for transport Sir, – I refer to Dr Ola Lokken Nordrum's letter of June 16th , in which he rightly questions the ambition to put one million electric vehicles on Irish roads by 2030 – and why this should never have been the primary target. Looking ahead, Central Statistics Office projections suggest Ireland's population could grow by over 35 per cent by the mid-2050s. Meanwhile, private car ownership has nearly doubled over the past two decades, now standing at 2.5 million vehicles. This trajectory is also not sustainable. The most important factor in any credible road safety and climate strategy is not simply swapping engines, but reducing the total number of kilometres driven. This requires a serious, sustained shift toward active and public transport – supported by meaningful, long-term investment by Irish governments. Ireland's future transport landscape is still being shaped. We can either continue down the road of congestion, emissions, and daily tragedy, or we can choose a healthier, more liveable path. One thing is certain: if everyone drives, nobody moves and we can't pave over the entire country. Ireland is full . . . of cars. – Yours, etc, Dr VINCENT WALL, Cork.
Zawya
4 days ago
- Business
- Zawya
Global gas fired real estate generator market set for solid growth
The global gas fired real estate generator market is witnessing solid growth mainly driven by ongoing infrastructure development and urbanization efforts, alongside an increasing demand for reliable power generation solutions, according to a report by Global Market Insights. Gas-fired real estate generators serve as essential backup or primary power systems that utilize natural gas or propane, ensuring a consistent electricity supply during outages or when grid power is unavailable. The integration of remote monitoring and Internet of Things (IoT) technologies enhances these systems, allowing for real-time tracking of fuel levels, maintenance needs, and overall performance, further promoting their adoption in various sectors. The expansion of both commercial and residential properties, combined with rising investments in infrastructure projects, is expected to significantly increase the demand for gas-fired generators in emerging markets. Valued at $262.7 million in 2024, the global gas fired real estate generator market is projected to expand at a CAGR of 9.4% from 2024 to 2034, it stated. The segment catering to 50 kVA - 125 kVA range is poised to grow over $125 million by 2032 as businesses and property owners invest in generator sets to maintain continuity and energy security during power outages. Moreover, areas that frequently experience outages or have unstable grid networks increasingly emphasize the need for reliable power supplies, further driving the market, said Global Market Insights in its report. Ongoing innovations aimed at improving fuel efficiency, reducing emissions, and minimizing operational noise also contribute to the growing adoption of these generators. The market for prime and continuous gas-fired real estate generators is expected to achieve a CAGR of approximately 9% through 2032. This growth is fueled by advancements in fuel efficiency and streamlined operational capabilities, it stated. Both public and private sectors are actively investing in generators that feature technologies such as turbocharging and electronic fuel injection, motivated by the urgent need to reduce greenhouse gas emissions. Stricter emissions regulations imposed by authorities in key regions further propel the market forward, addressing environmental and air quality concerns. In the United States, the gas-fired real estate generator market is set to exceed $60 million by 2032, it stated. The nation has witnessed substantial growth due to increased power outages caused by severe weather conditions, aging infrastructure, and a rise in electricity demand. There is also a growing awareness among property owners regarding disaster preparedness, which is influencing the dynamics of the market positively, it added.
