It has been reported that about $80 billion worth of investment is needed in Saudi Arabia by 2018 to meet rising power demands in the country.
The UK Energy and Climate Change Secretary Chris Huhne presented the UK’s first ever Annual Energy Statement to Parliament on 28 July, in which he outlined a 32-point action plan for the next 40 years.
UK’s Energy Secretary Chris Huhne said in an interview yesterday that he favours harnessing both offshore and onshore wind power, and that the UK will not subsidise a new generation of nuclear power stations.
International Power of the UK and GDF-Suez of France are believed to have restarted talks of creating a partnership.
The European Commission has launched a smart grids initiative, which is intended to upgrade and equip Europe’s electricity network by building intelligence into the existing passive delivery system.
Enel, Italy’s largest utility, has said that it has not yet reached a decision on selling its 73 per cent stake in Bulgaria’s Maritsa East Three coal-fired power plant.
The UK Government has announced a drop of nearly 7 per cent in the share of electricity generated from renewable sources. Despite a year-on-year increase of nearly a third of onshore wind power generation, the total amount supplied in the first quarter of 2010 as part of all sources fell by 6.6 per cent.
Major UK wind energy producers will receive Government-backed incentives to shut down production at wind farms during strong wind gusts at periods of low power demand.
The Swedish parliament has voted by the narrow margin of 174-172 to overturn a 30-year-old ban on the construction of new nuclear reactors and to allow the replacement of the country’s existing fleet of 10 reactors.