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OPIC approves $310 million for geothermal project in Kenya
- 2011-09-23 05:59:06
- David Flin
The Board of Directors of the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has approved up to $310 million in financing for a project to increase the capacity of the Olkaria geothermal power plant in Kenya from 48 MW to 100 MW.
EIA predicts world energy use to increase 53 percent by 2035
- 2011-09-21 05:45:41
- David Flin
The US Energy Information Administration (EIA) has released its report International Energy Outlook 2011 (IEO2011). The report presents projections for world energy markets through 2035.
Alstom receives $4.1m in wind research funding
- 2011-09-20 21:35:32
- Junior Isles
Alstom has received $4.1m in research funding from the US Department of Energy (DOE) to develop advanced control systems and integrated sensors that increase cost-efficiency of offshore wind turbines.
Consortium to invest $600 million in Nigeria’s power distribution
- 2011-09-16 06:14:31
- David Flin
The Nigerian Electricity Regulatory Commission (NERC) has announced that a consortium including the US power company Symbion Power, and Finagestion of France, were set to invest $600 million into Nigeria’s distribution network and generation plants.
Smart grid evolution expanding
- 2011-09-14 06:29:19
- David Flin
Brian Wolff, Senior Vice President of External Affairs for the Edison Electric Institute (EEI), said that 25 million advanced meters are currently installed at residences in the USA, with projections of the total reaching 65 million by 2015, representing almost half of US households.
CEB struggling with monsoon failure
- 2011-09-09 06:42:30
- David Flin
Sri Lanka’s Ceylon Electricity Board (CEB), which has been badly hit by a failure of the island’s main monsoon, is predicting losses in 2011 of $54 million, due to the cost of extra thermal generation.
DOE awards over $145 million for future solar tech
- 2011-09-07 06:22:59
- David Flin
The US Department of Energy (DOE) has announced the award of over $145 million to 69 projects in 49 states aimed at increasing efficiency, reducing costs and shaping the future of solar energy technologies.
Green Climate Fund destined to fail, BNEF executive.
- 2011-09-04 20:10:31
- Junior Isles
The Green Climate Fund (GCF), designed to produce climate-related investment worth $100 billion a year by 2020 for the developing world, is destined for failure, according to Bloomberg New Energy Finance (BNEF).
Japanese nuclear still competitive after compensation payouts, study shows
- 2011-09-03 19:04:37
- Junior Isles
The cost of nuclear generation in Japan, even taking into account the compensation related to the Fukushima Daiichi accident, remains likely to be less than using fossil fuels, according to a new study.
Dominion plans to close Chesapeake coal plant by 2016
- 2011-09-02 07:09:44
- David Flin
The USA’s Dominion Virginia Power filed plans with Virginia state regulators to close its coal-fired power plant on the Elizabeth River’s Southern Branch by 2016 because the cost to upgrade it to meet proposed new environmental standards is too high.
