Siemens and the Moroccan Government have agreed that Siemens will build a factory in Morocco to manufacture rotor blades for onshore wind turbines, creating up to 700 jobs. Construction of the factory is scheduled to start I spring 2016, and it is scheduled to start operations in spring 2017.
Georgia Power has announced that it has completed the issuance of $325 million of Green Bonds, becoming the first retail electric utility in the USA to offer this type of security to support investment into renewable generation.
The US Energy Information Administration (EIA) has, in its latest monthly Short Term Energy Outlook, said that it expects lower natural gas prices to result in natural gas powering 33.4 per cent of US electricity generation in 2016, compared with 32 per cent for coal.
Bechtel has announced that it will join forces with BWX Technologies to accelerate development of a factory-built nuclear reactor with the goal of producing the world’s first viable Generation III plus plus modular nuclear power plants.
The British utility Npower , a subsidiary of the German RWE, will announce that it will cut 2500 UK jobs, more than 20 per cent of its UK workforce.
In a meeting between European environmental ministers, the UK, Germany and France together pushed for stronger targets for the reduction of greenhouse gases in the EU, a stance that led to clashes with other central and eastern European (CEE) states as well as the EU executive.