The Government of Brazil has announced the launch of an investment fund of $6.5 billion, which will be used to create renewable energy generation projects in the country's northeastern region.
The French government has suggested that Areva sells the division responsible for manufacturing, installing and servicing nuclear reactors to state-controlled power utility Electricité de France SA in a bid to rescue the loss-making nuclear engineering firm and restructure the industry. Areva’s Chief Executive Officer Philippe Knoche revealed the news in a meeting with union representatives last week.
The United States has submitted its target to cut net greenhouse gas emissions to the United Nations Framework Convention on Climate Change (UNFCCC). The submission, referred to as an Intended Nationally Determined Contribution (INDC), is a formal statement of the US target, announced in China last year, to reduce our emissions by 26-28 per cent below 2005 levels by 2025, and to make best efforts to reduce by 28 per cent.
The UK government has announced that £463 million ($684 million) has gone into a fund for wind projects headed by the UK Green Investment Bank (GIB), which has already invested £200 million ($295 million) of its own capital. This is the first stage of a planned £1 billion fund that would be geared to develop offshore wind farms.
Jordan has signed a $10 billion agreement with Jordan for the development of its first nuclear power plant. signed an agreement on Tuesday in Amman.
Sweden’s Triventus Wind Power and Norway’s Havgul Clean Energy have announced that they will merge to combine their 1.6 GW portfolio and jointly develop further renewable projects across Finland, Norway and Sweden.
RenewableUK has said the East of England could become a hub for trading renewable energy with Scandinavia, so long as the right regulatory framework is put in place.
The British government is moving to the first phase of commercial negotiations on a Contract for Difference (CFD) with the developer of a proposed tidal lagoon at Swansea Bay.
Conergy, one of the world’s largest downstream solar companies is to receive an equity investment from RWE Supply & Trading, the energy trading arm of the European utility.