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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.

Costa Rica runs on renewables for 75 days

  • 9 years ago (2015-03-31)
  • Junior Isles

Costa Rica has managed a major clean energy milestone, meeting 100 per cent of its power needs with renewable sources for 75 straight days at the beginning of 2015.

Jordan signs $10 billion nuclear power deal with Russia

  • 9 years ago (2015-03-26)
  • Junior Isles

Jordan has signed a $10 billion agreement with Jordan for the development of its first nuclear power plant. signed an agreement on Tuesday in Amman.

Chinese wind farm developer reports jump in profit

  • 9 years ago (2015-03-25)
  • Junior Isles

China's biggest wind farm developer, Longyuan Power Group Corp., has reported a 25 per cent jump in full-year profit as its activities in wind power generation increased.

Scandinavian companies combine renewable portfolios

  • 9 years ago (2015-03-23)
  • Junior Isles

Sweden’s Triventus Wind Power and Norway’s Havgul Clean Energy have announced that they will merge to combine their 1.6 GW portfolio and jointly develop further renewable projects across Finland, Norway and Sweden.

Pakistan nuclear power to be raised to 40 000 MW by 2050

  • 9 years ago (2015-03-20)
  • Junior Isles

Nuclear installed capacity in Pakistan will be raised to 40 000 MW by 2050, the Pakistan Atomic Energy Commission (PAEC) chairman said.