Drax Group, operator of the UK’s largest power plant, may not carry out its plans to build two green energy biomass projects due to the new state aid level for biomass being too low.
South Korea has announced that it will construct a gigantic wind power plant complex on the country’s south-western coast by the end of 2019.
In a joint energy market report on the UK released by RWE npower and the London School of Economics, around 20 GW of stand-by British power capacity could generate as much as £1.5 billion in annual returns for producers by 2020 as they fill gaps caused by the retirement of old plants.
Japanese firm Toyota Tsusho Corp and South Korean Hyundai Engineering Co of have won a bid to build new Kenyan geothermal plants worth Sh40 billion ($400 million), reinforcing north-east Asian involvement in Kenya’s geothermal power generation programme.
The Fukushima disaster might lead to a 15 per cent fall in nuclear power generation worldwide by 2035, according to a July draft of the International Energy Agency's 2011 World Energy Outlook. The report further predicts power demand could rise by 3.1 per cent a year over the same period, though.
The Uruguay government has announced a $8.5 million programme called Probio that is intended to reduce greenhouse gas emissions produced by the use of fossil fuels to generate electricity.
TransCanada Corp. (TRP), the Canadian energy company which is hoping to build a $7 billion pipeline from Alberta to Texas refineries, has said its profits have risen due to new crude shipments and the benefits of higher electricity prices from its power generation business in Western Canada.
According to a recent report from Pike Research, the installed base of smart meters in the Asia Pacific region will total over 350 million by 2016, with Japan, China and Australia achieving smart meter penetration rates among the highest in the world.
Rodney Hacker, consultant of the United Nations Development Programme (UNDP) commented at a seminar put on by the Azerbaijani State Agency for Renewable & Alternative Energy Sources (SARAES), that Azerbaijan has great potential to develop and use renewable energy sources.
The Northern Ireland Executive has announced a public consultation on proposed changes to the Northern Ireland Renewables Obligation (NIRO).