In a joint energy market report on the UK released by RWE npower and the London School of Economics, around 20 GW of stand-by British power capacity could generate as much as £1.5 billion in annual returns for producers by 2020 as they fill gaps caused by the retirement of old plants.
The Fukushima disaster might lead to a 15 per cent fall in nuclear power generation worldwide by 2035, according to a July draft of the International Energy Agency's 2011 World Energy Outlook. The report further predicts power demand could rise by 3.1 per cent a year over the same period, though.
The Northern Ireland Executive has announced a public consultation on proposed changes to the Northern Ireland Renewables Obligation (NIRO).
The UK's fledgling tidal energy sector reached a notable milestone this week after Rolls-Royce said that its prototype generator in Scotland has generated 100 MWh of power.
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.