Enel head of global power generation says company’s coal exit will happen faster than expected

first_imgEnel head of global power generation says company’s coal exit will happen faster than expected FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Italian utility Enel SpA will likely close its remaining coal-fired power stations around the world faster than anticipated, with worsening economics for the fuel leading to billions in write-downs and making an even stronger case to replace capacity with gas-fired plants and renewable energy.The company is still one of the largest owners of coal plants among European utilities and last month was placed on a watchlist by Norway’s $1 trillion sovereign wealth fund for falling foul of new environmental guidelines, which require companies to own less than 10,000 MW of coal capacity.But Antonio Cammisecra, head of global power generation at Enel, said in an interview that the company expects to reach that milestone by the end of this year — likely accelerating Enel’s eventual exit from coal, tentatively planned for 2030.Enel now wants to close its last coal plant in Chile several years ahead of schedule, after which it will have only one small Colombian unit left in Latin America. In October, the company sold its last coal plant in Russia. “We’ll do it faster than we expected just one year ago,” Cammisecra said. “No doubt, by 2025, Enel will be out of coal in Italy and, mostly, around the world.”The rest of its coal stock, roughly 11,000 MW in all, is in Europe: In Italy, the company just got permission to close a 660-MW unit at its plant in Brindisi, while two of its five remaining plants in Spain also have the green light for decommissioning.“It must be done. And the quicker we do it, the better for everybody,” Cammisecra said. “We’re basically not burning coal right now … and this is not a temporary factor,” Cammisecra said, pointing to increasing generation from wind and solar, cheap gas and a tightening emissions market in Europe, which are all eating into margins for coal. “I think this [dynamic] is here to stay,” he said. “So better to close these plants now.”[Yannic Rack]More ($): Enel eyes faster coal exit as worsening economics ‘here to stay’last_img read more

Get your reno on in 2018 with these potential beauties

first_imgInside the home at 14 Willmington St, Wooloowin.The house has plenty of character features including wide timber floorboards under carpet, high ceilings, VJ walls and breezeways. The property is in the Wooloowin State School catchment.In Nundah, a three bedroom family home on stumps is also in need of a complete renovation. The home at 8 Junior Tce, Northgate.Ray White Aspley agents Dwight Colbert and Courtney Vardanega are marketing the property at 8 Junior Tce as a “good-sized home” in need of some TLC. “There’s plenty of potential for those who can think outside the square or simply an excellent opportunity to enter the market,” Mr Colbert said. The home at 14 Willmington St, Wooloowin.IF your New Year’s resolution is to try your hand at renovating, take a look at these diamonds in the rough close to the Brisbane CBD. For those keen to tackle a total project there is a barebones post-war home in Red Hill just screaming for a full makeover. The three-bedroom deceased estate at 27 Argyle St is sitting on a 506sq m block with two-street frontage. More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoThe home at 35 King St, Annerley.The turn of the century Queenslander at 35 King St has VJ walls, high ceilings and pine floorboards.Mr Matthews said the property was on the market for little more than land price and had the potential to be turned into a beautifully restored home. The house is on a 412sq m block and has two bedrooms, a sunroom, garage parking for one car and an iron roof. Inside the home at 35 King St, Annerley.The property is a few minutes walk to major shops and Prince Alfred Hospital and has easy access to the freeway. If you are chasing more yard space to go with your renovation project, the Queenslander at 14 Willmington St, Wooloowin is at the front of a 810sq m block with 20m frontage. The home at 27 Argyle St, Red Hill.Marketing agent Sonya Browne of Ray White Paddington said the renovator’s delight was a property with potential. “(The home is a) great blank canvas for those that are ready to get into a renovation, with the owner making it easy for you by taking out all the old wall and ceiling linings — so it’s ready to start from scratch,” she said. The home has solid timber floors and wall framing upstairs — and not much else. Inside the home at 27 Argyle St, Red Hill.The upstairs area currently has a layout that includes three bedrooms, a bathroom, an open-plan living and dining area, and a kitchen with bay window. There are small decks at the front and back of the house. The downstairs area is enclosed and has parking space for one car. In Annerley, Russell Matthews of Matthews Real Estate is selling what he describes as a “blank canvas” in a great location. The home at 14 Willmington St, Wooloowin.Anna Glynn and Steve Grimbas of Place Nundah are marketing the property as a “grand old lady” in need of some TLC. “The floorplan is currently configured into three self-contained units allowing for an exciting opportunity to rent out, renovate/restore the home to its former glory or build townhouses at the rear (subject to council approval),” Ms Glynn said. Inside the home at 8 Junior Tce, Northgate.The property has original hardwood floors, separate lounge and dining rooms, an updated kitchen and original laundry and bathroom. The home is on a fully-fenced 410sq m block with side access and garage parking for two cars. The property is close to schools, shops and public transport.last_img read more