At a conference hosted by Israel’s branch of CIGRE, the International Council on Large Electric Systems, there were discussions on developing by 2020 a €5-6 billion electrical super-grid running from Spain, into northern Africa, to the eastern Mediterranean, and then back into Europe via Turkey.
The California Air Resources Board (ARB) has decided on its final regulations for its cap-and-trade system, the second largest in the world, despite continuing concerns over allowance allocations, buyer liability for offsets and the size of the overall market.
Germany’s Kreditanstalt fur Wiederaufbau (German Development Bank, KfW) will underwrite renewable energy and energy efficiency investments in Germany with $137 billion over the next five years.
The UK Department of Energy and Climate Change has announced the new levels of government support for different kinds of renewable generation under the Renewables Obligation (RO) from 2013-2017.
French semiconductor manufacturer Soitec has launched its fifth generation concentrator photovoltaic (CPV) system, designed for large-scale power plants. The new product configuration is claimed to deliver higher efficiency and a lower cost of electricity, according to the firm.
Alstom’s Chairman and CEO Patrick Kron has announced that Alstom has decided to place more emphasis on BRIC (Brazil, Russia, India, and China) countries and emerging markets, including East Asia, because of the higher growth they offer when compared with conventional markets such as the USA and Europe.
UK electricity generator Scottish Power is threatening to withdraw from a project to build a flagship pilot carbon capture & storage (CCS) facility at Longannet coal-fired power station near Fife, Scotland, unless the government gives it £0.5 billion ($0.78 billion) more in funding.
Renewable electricity contributed an all time high of 9.6 per cent of the UK's power generation mix in the second quarter of this year, statistics released by the UK Department of Energy and Climate Change have revealed.
Russian gas giant Gazprom, which has recently begun actively studying power generation markets in Europe, is also interested in being part of electricity generation and sales in Northeast Asian countries.
UK companies are “nowhere near” to achieving the government’s target of an 80 per cent cut in emissions by 2050, according to a report by ENDS (Environment Data Services).