>In the first half of the year, 68 gas power plant projects were put on hold or cancelled globally, according to data provided exclusively to Reuters by U.S.-based non-profit Global Energy Monitor.
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>Recent cancellations include electricity plant developer Competitive Power Ventures decision announced in October to abandon a gas plant project in New Jersey in the United States. It cited low power prices and the absence of government subsidies without giving financial detail.
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>British independent Carlton Power dropped plans for an 800 million pound ($997 million) gas power plant in Manchester, northern England, in 2016. Reflecting the shift in economics in favour of storage, this year it launched plans to build one of the world’s largest batteries at the site.
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From the article:
>In the first half of the year, 68 gas power plant projects were put on hold or cancelled globally, according to data provided exclusively to Reuters by U.S.-based non-profit Global Energy Monitor.
>
>Recent cancellations include electricity plant developer Competitive Power Ventures decision announced in October to abandon a gas plant project in New Jersey in the United States. It cited low power prices and the absence of government subsidies without giving financial detail.
>
>British independent Carlton Power dropped plans for an 800 million pound ($997 million) gas power plant in Manchester, northern England, in 2016. Reflecting the shift in economics in favour of storage, this year it launched plans to build one of the world’s largest batteries at the site.