December 31

Draft law would begin German hard coal phaseout in 2020

first_img FacebookTwitterLinkedInEmailPrint分享Platts:Germany plans to close 4 GW of hard coal-fired plants via a first annual compensation auction in June 2020, an energy ministry spokeswoman told S&P Global Platts Tuesday.Compensation for closures is to be awarded to bidders offering the lowest cost of avoided CO2 emissions with winning plants set to close after winter 2020/21. The federal grid regulator BNetzA is set to run the auctions, according to a second draft leaked Tuesday.The ministry is finalizing a hard coal exit law to cap hard coal capacity at 15 GW by end-2022. Assuming Datteln 4 comes online, Germany will have around 22 GW of hard coal capacity in operation as the compensation auctions get underway.The BNetzA is to establish exact volumes required to hit the 15 GW target depending on other closure applications, the outcome of various capacity reserve auctions and startup of Uniper’s 1.1 GW Datteln 4 plant. Commissioning of Datteln 4 is foreseen for summer 2020.Closure auctions thereafter are set to run annually until 2026, with hard coal capacity declining to 8 GW by end-2030.Details on 3 GW of lignite closures are expected at a later stage, with Eur40 billion ($44 billion) of support for lignite mining regions already approved. Germany plans to completely phase out coal by 2038.More: Germany plans 4 GW hard coal closure auction in 2020: draft law Draft law would begin German hard coal phaseout in 2020last_img read more

September 21

Mourinho happy to economise

first_img Press Association Mourinho still had a busy first transfer window after returning to Stamford Bridge, with Andre Schurrle, Marco van Ginkel and Willian all commanding big fees. But the Portuguese stopped short of pushing for the likes of Falcao and Cavani, who ended up at Ligue 1 sides Monaco and Paris Saint-Germain respectively, because the outlays would have jeopardised Chelsea’s standing when it comes to UEFA’s new rules on spending. Chelsea boss Jose Mourinho was interested in signing the likes of Radamel Falcao and Edinson Cavani in the summer – but claims he did not go through with deals to keep the Blues in line with the new Financial Fair Play rules.center_img Mourinho’s Chelsea are currently top of the Barclays Premier League and are still in the FA Cup and Champions League and, when asked if Financial Fair Play was the reason moves for Cavani and Falcao never got off the ground, he replied: “Correct. Because of transfer fees and salaries. “Players are not just about transfer fees, but big wages. Of course there’s a certain profile of player we don’t go near.” Mourinho claimed to relish the challenge of the financial restraints, adding: “It’s even better and even more enjoyable work, I think.” Chelsea have been synonymous with spending big on players since Roman Abramovich took over at the club more than a decade ago. But now Mourinho is overseeing a change in philosophy, with over £20million profit taken throughout January as the signings of Nemanja Matic and Mohamed Salah were offset with the sales of Kevin De Bruyne and Juan Mata. Former Inter Milan and Real Madrid coach Mourinho praised the work done by his predecessors as he believes Chelsea will be in a strong position when financial restraints come into place that could see some of Europe’s biggest sides fall foul and miss out on entering the Champions League. “Chelsea made great investment in the past, and in some moments were also a bit criticised because we did so much,” he added. “But things change. Chelsea adapted well to the situation. When you see De Bruyne, who played three or four matches for Chelsea, gave us a big profit, there are other players who maybe don’t play a single match for Chelsea and we will sell them at a profit. “We had to organise ourselves in a different way. Before me, Chelsea did fantastic work in this level: (Romelu) Lukaku, De Bruyne, (Thibaut) Courtois, young (Thorgan) Hazard, Piazon. Not all of them will have a career at Chelsea, but all of them are important in this new financial organisation. “So Chelsea worked very, very well and probably started doing that before other clubs. Because of that, even if Financial Fair Play comes into practice, I think Chelsea are advanced projecting that new situation and did very, very well. It was before me.” last_img read more