About World Congress on Energy and Power Engineering
Join us for Energy and Power Engineering Conference which will be held during April 16-17, 2019 at Venice, Italy. This Congress is mainly focused on the theme “Over Come the challenges in Energy and Power Engineering Globally” . This conference provides opportunities for delegates/speakers to exchange new ideas and application experiences face to face, to establish business or research relations additionally on realize world partners for future collaboration and with a target to support young personalities and their analysis abilities by giving a chance to fulfill the specialists within the field of Energy and Power Engineering. We tend to hope that the conference results constituted an important contribution to the knowledge in these up-to-date scientific fields. Energy 2019 could be an important platform for ascension international and knowledge base exchange at the forefront of technology needs. The conference covers all frontier topics of Energy and Powers Engineering and includes comprehensive lectures and invited talks by eminent personalities from around the world additionally to contributed papers every oral and poster presentation
Europe’s power and utilities sector wrote off €23bn ($27bn) in assets in 2017, according to new analysis. Despite last year’s significant drop in asset impairments (the value of a fixed asset against the profit it generates) compared with 2016 levels, Writeoffs by European utilities were down by 34 per cent on 2016’s record high of €34.7bn, the report said, noting that this figure excludes E.ON’s €7bn impairment against the value of its spinoff Uniper. However, the writeoffs still equalled 8 per cent of the market capitalization of the companies sampled at the end of 2017. Asset-related impairments made up the bulk of the total, at 92 per cent compared with 74 per cent in 2017. Power generation assets accounted for 62 per cent of overall impairments. Continental Western Europe and the Nordic countries remained the regions with the largest impairment writeoffs, making up 54 per cent of the total. According to EY, several ‘tipping points’ around these trends are set to “fundamentally alter the dynamics of the market forever”. These points include when non-utility scale solar+storage systems achieve cost parity with grid power and when their LCOE reaches parity with transmission and distribution costs; and when EVs achieve cost and performance parity with internal combustion engines.
Rebound of the energy consumption growth despite the low economic activity. New decrease of energy intensity, at the level of historical trends. 3rd consecutive year of flat CO2 emissions. 2017 in line with 2015-2016 trends, but still far from NDCs’ or 2°C scenarios objectives. Drop of the coal consumption for the third consecutive year, driven by the fall in China. Rise of the oil consumption almost at the same pace as in 2015, above the historical trends. Acceleration of the gas demand growth, reaching levels close to the average 10-year past trends. Electricity: strong consumption growth in China contributing to more than 2/3 of the G20 country’s electricity consumption rebound. China confirms its supremacy in renewable energies: it became the top wind electricity producer in 2017 and solar electricity generation skyrocketed. The switch from coal to gas in the USA is in progress. A new study by Zion Market Research indicates the gas turbines market should grow from $16 billion in 2015 to $20.5 billion in 2021, with an annual growth rate of 4 percent. The study indicated that the major driving forces in the market are improved efficiency and durability of turbines, stricter carbon emissions regulations across the globe and lower power generation costs. Dominion Virginia Power broke ground on the natural gas-fired Greensville County Power Station. The $1.3 billion, 1,588-MW plant is expected to be the largest gas-fired combined-cycle facility in North America when it begins operations near the end of 2018. Greensville County Power Station follows in the footsteps of Dominion's 1,358-MW Brunswick County power station, which came on line earlier this year. The two projects have a combined development cost of $2.5 billion
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