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CLP and China Southern negotiate to acquire stake in Hong Kong power provider
- 2012-03-17 13:20:47
- Junior Isles
Chinese regional power utilities, CLP Holdings and China Southern Power Grid Co, are to pay around $2.8 billion for a 60 per cent stake in Hong Kong power provider Castle Peak Power Co Ltd, currently held by ExxonMobil.
China resumes nuclear development one year on from Fukushima
- 2012-03-15 13:24:06
- Junior Isles
China is set to resume construction of 43 new nuclear power plants one year on from Japan’s Fukushima disaster.
Asian demand for efficiency drives fuel cell expansion
- 2012-03-01 13:20:13
- Junior Isles
Intelligent Energy Ltd., a UK producer of hydrogen-based fuel cells, said growing demand in Asian for small-scale power generation has allowed it to raise $35 million to finance expansion.
Spain drops out of renewable investment top 10 after suspending subsidies
- 2012-02-28 05:57:58
- David Flin
According to an Ernst & Young survey, Spain, which was the top-ranked renewable energy market for investors five years ago, has dropped out of the top 10 after suspending subsidies for new generation.
NRC gives green light to first new US nuclear plant in 30 years
- 2012-02-10 07:22:35
- David Flin
The US Nuclear Regulatory Commission (NRC) has voted to grant a licence for two new reactors at a site near Waynesboro, Georgia.
Japanese government considers promoting renewables construction
- 2012-02-05 15:46:49
- Junior Isles
The Japanese government is considering relaxing regulations on building renewable energy facilities, such as solar plants, in order to promote their construction, according to government sources.
Competition hots up for Australian coal
- 2012-01-26 22:43:52
- Junior Isles
US coal giant Peabody Energy has hired UBS to assist in finding a buyer for its Australian Wilkie Creek coal mine, a move likely to kindle interest from several Asian nations, vying to secure coal supply for their growing fleet of power plants.
Siemens bets over $1billion on continued gas turbine growth
- 2012-01-20 05:25:04
- David Flin
Siemens AG has earmarked over €1 billion ($1.3 billion) to expand its production of gas turbines and fend off GE as they compete for larger shares of the expanding gas turbine market.
Pakistan sets 1500 MW wind target for 2013
- 2012-01-05 20:11:19
- Junior Isles
Pakistani Federal Minister for Water and Power, Syed Naveed Qamar has said that the government has set a target of 1500 MW from wind power generation by 2013 and procedures have been simplified in order for investors to reach the target.
SPX and Shanghai Electric to supply cooling equipment in China
- 2012-01-05 20:08:35
- Junior Isles
North Carolina based SPX Corporation and Shanghai Electric Group Co., Ltd. (Shanghai Electric) today announced the formation of a new strategic joint venture to supply products to the power sector in China.
