Italian utility Enel SpA is to simplify its Latin American operations and focus on electricity distribution and renewable energy as it increases investment in the region’s growing markets.
The International Energy Agency’s (IEA) World Energy Outlook 2014 (WEO-2014) launched in London yesterday has warned that current events could distract decision makers from recognising and tackling the longer-term signs of stress that are emerging in the energy system.
China and the United States have agreed to new limits on carbon emissions starting in 2025.
China and Russia deepened their energy ties with a second major deal that further reduces Russia’s reliance on Europe as its main gas off-taker. The preliminary gas-supply agreement signed in Beijing by Russian President Vladimir Putin and Chinese President Xi Jinping, would also secure 17 per cent of the gas supplies China needs by the end of the decade.
Two reactors at Japan’s Sendai nuclear plant are due to become the first to be restarted in the country since the 2011 meltdown at the Fukushima Daiichi facility, after regional authorities approved the restart of the plant owned by Kyushu Electric Power Co.
The UK Green Investment Bank (GIB), leading global investment firm KKR, and specialist investment manager Temporis Capital LLP have announced a new £200 million lending programme for community-scale renewable energy projects in the UK.
Japan has adopted a plan to offer its energy-saving technology to Indonesia as the first project under a bilateral scheme that allows Japan to obtain greenhouse gas emission rights in return.
An auction for solar PV projects in Brazil is attracting bids, which are among the lowest in the world.
National Grid has warned that its capacity to supply electricity this winter will be at a seven-year low due to generator closures and breakdowns.