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Areva signs pre-engineering agreements for Jaitapur

  • 9 years ago (2015-04-16)
  • Junior Isles

French power firm Areva has signed a pre-engineering agreement (PEA) with Nuclear Power Corporation of India (NPCIL) to set up two Evolutionary Power Reactors (EPR) at the Jaitapur Nuclear Power Project in Maharashtra state, India. The reactors will have a capacity of 1650 MW each.

UAE plans 100 MW of new solar capacity

  • 9 years ago (2015-04-13)
  • Junior Isles

The United Arab Emirates has announced plans to develop another 100 MW of solar photovoltaic (PV) power capacity. The proposals form part of its Vision 2021, which aims to source 24 per cent of its energy from renewable energy sources.

Brazil to launch $6.5 billion renewable fund

  • 9 years ago (2015-04-10)
  • Junior Isles

The Government of Brazil has announced the launch of an investment fund of $6.5 billion, which will be used to create renewable energy generation projects in the country's northeastern region.

Shell to buy BG in £47 billion deal

  • 9 years ago (2015-04-09)
  • Junior Isles

Royal Dutch Shell has agreed to buy oil and gas exploration firm BG Group for £47 billion (about $70 billion) in a deal prompted by falling oil prices.

NTPC to create 5000 MW of solar within two years

  • 9 years ago (2015-04-08)
  • Junior Isles

The National Thermal Power Corporation (NTPC), India's state-run power generator, is aiming to develop 5000 MW of solar power capacity in the next two years, which is a third of its 15 000 MW target over the next seven years in India. This target represents a fifty-fold increase from the current levels of solar capacity.

French government suggests Areva sells reactor unit to EDF

  • 9 years ago (2015-04-08)
  • Junior Isles

The French government has suggested that Areva sells the division responsible for manufacturing, installing and servicing nuclear reactors to state-controlled power utility Electricité de France SA in a bid to rescue the loss-making nuclear engineering firm and restructure the industry. Areva’s Chief Executive Officer Philippe Knoche revealed the news in a meeting with union representatives last week.

US submits climate pledge

  • 9 years ago (2015-04-03)
  • Junior Isles

The United States has submitted its target to cut net greenhouse gas emissions to the United Nations Framework Convention on Climate Change (UNFCCC). The submission, referred to as an Intended Nationally Determined Contribution (INDC), is a formal statement of the US target, announced in China last year, to reduce our emissions by 26-28 per cent below 2005 levels by 2025, and to make best efforts to reduce by 28 per cent.

UK offshore wind power pot collects £460 million

  • 9 years ago (2015-04-01)
  • Junior Isles

The UK government has announced that £463 million ($684 million) has gone into a fund for wind projects headed by the UK Green Investment Bank (GIB), which has already invested £200 million ($295 million) of its own capital. This is the first stage of a planned £1 billion fund that would be geared to develop offshore wind farms.