China has moved ahead of its rivals competing to build a new nuclear power station on Turkey’s Black Sea coast, underlining the declining ambitions of many developed nations' nuclear industries.
China is facing the prospect of shortfalls in coal, power, oil and gas supplies in several regions, despite current energy markets being in balance, Liu Tienan, Director of the National Energy Administration has said.
Tokyo Electric Power Co. (TEPCO) is seeking alternative electricity supplies following the closure of the last of its 17 nuclear reactors.
Beijing is considering ways of injecting funds into the country's weakened power generation sector, executives at China's largest independent power producer, Huaneng Power International, have said.
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 is set to resume construction of 43 new nuclear power plants one year on from Japan’s Fukushima disaster.
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.
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.
The US Nuclear Regulatory Commission (NRC) has voted to grant a licence for two new reactors at a site near Waynesboro, Georgia.
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.