POWER November 2020 - 11

GLOBAL MONITOR
government will also reform regulations
on pipeline infrastructure, and implement
a voluntary industry-led code for negotiation
of gas supply contracts to equalize
the negotiating position for gas consumers.
Finally, the prime minister also said
that work is " underway on options for a
prospective gas reservation scheme. " If
implemented, industry observers said,
the plan will likely regulate domestic supply
as well as gas exports to ensure that
Australian gas users obtain the energy
they require at a reasonable price.
-Sonal Patel is senior associate editor
for POWER.
POWER Digest
UK Expands Offshore Wind Targets,
Sets 1 GW Target for Floating Wind.
The UK on Oct. 6 raised its target for
offshore wind power capacity by 2030
from 30 GW to 40 GW. To help the nation
meet its commitments toward netzero
emissions by 2050, Prime Minister
Boris Johnson also created a 1 GW
new target for floating offshore wind by
2030. " Building on the strengths of our
North Sea, this brand new technology
allows wind farms to be built further out
to sea in deeper waters, boosting capacity
even further where winds are strongest
and ensuring the UK remains at the
forefront of the next generation of clean
energy, " his office said. Finally, the UK
also set a target to back up to two times
the capacity of renewable energy in the
next Contracts for Difference auction,
which will open in late 2021. The UK also
plans to invest £160 million to upgrade
ports and infrastructure in Teesside and
Humber in Northern England, Scotland,
and Wales to boost the country's uptake
of offshore wind, which currently makes
up 10% of its power generation.
Total Developing Integrated Electricity
Business Model, Expands
Renewable Targets. Under a new
strategy unveiled by Total on Sept. 30,
the company will transform itself into a
broad energy company by expanding its
stronghold in liquefied natural gas (LNG)
and electricity markets, which it said are
" the two fastest growing energy markets. "
In the next decade, the company
plans to expand production and double
sales of LNG. " Cash-flow from integrated
LNG business shall grow by 40% to
more than $4 billion in 2025 at $50 per
barrel, " it said. Total also plans to invest
heavily in natural gas decarbonization via
biogas and hydrogen, as well as continuing
to reduce its methane emissions. It
also plans to develop an integrated elecNovember
2020 | POWER
tricity business model that incorporates
generation to sales through storage and
trading. " Total is targeting 50 TWh of
net production and 80 TWh of sales to 9
million customers by 2025, " it said. The
bulk of its generation investments will be
renewables. The company expanded targets
to own 35 GW from the previous 25
GW by 2025, and it said 70% is already
in its portfolio. " Renewables and electricity
are expected to deliver a predictable
cash flow of more than $1.5 billion per
year by 2025, " it said.
U.S. Strikes Nuclear Deals in Romania
and Brazil. U.S. exports of nuclear
technology gained on two deals signed
over the past month. On Oct. 9, the U.S.
Department of Energy signed a draft
intergovernmental agreement with its
Romanian counterpart. Once formally
executed, the agreement will
lay the
foundation for Romania to use U.S. expertise
and technology with a multinational
team building reactor Units 3 and
4 of the Cernavoda Nuclear Power Plant
and refurbishing reactor Unit 1. On Oct.
5, Westinghouse Electric Co. signed
a contract with Eletronuclear to conduct
engineering analyses critical to the
safety, reliability, and long-term life of the
Angra 1 nuclear power plant. The contract
supports Eletronuclear's Long-Term
Operations (LTO) program designed to
enable continued operations at Angra
Unit 1 through the end of 2044. The current
operating license is valid through
December 2024.
Swedish Town Approves Used Nuclear
Fuel Repository. The municipal
council of Östhammar in Uppsala County,
Sweden, on Oct. 13 voted to approve
construction of a spent fuel repository
proposed by Sweden's radioactive
waste management company Svensk
Kärnbränslehantering AB (SKB) in
nearby Forsmark, the village where
Vattenfall's 3.7-GW Forsmark Nuclear
Power Plant is also sited. SKB now only
requires the government's green light,
as well as stipulations from the Swedish
Radiation Safety Authority, and the Land
and Environment Court, before it can
begin construction on the facility, which
will be the country's first nuclear fuel
repository. If approved, the $2.1 billion
final repository for radioactive waste
will be one of the largest infrastructure
projects carried out in Sweden. It
will also be one of the country's largest
environmental protection projects.
SKB expects construction, which could
begin in the mid-2020s, could take 10
years to complete.
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POWER November 2020

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