German utility RWE AG and Russian giant OAO Gazprom have ended talks aimed at creating a joint venture to build and operate power plants in Europe after failing to agree on a deal, Bloomberg reports.
Indian officials from the controversial Kudankulam nuclear plant in Tamil Nadu have said that power generation from the project is expected to take 'some time.'
Jochen Flasbarth, president of the Environmental Protection Agency in Germany and adviser to the German government during its nuclear phase-out, has defended the policy and said the UK’s continuing support for nuclear will hurt its domestic wind and solar industry.
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.
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.
In the USA, EDF said in a pre-hearing testimony with the Public Service Commission that the proposed $7.9 billion sale of Baltimore’s Constellation Energy Group to Exelon of Chicago has “serious and negative ramifications.”
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.
Kansai Electric Power Co (Kepco) has said that it plans to borrow $1.7 billion to pay the higher costs of thermal power generation, which has increased with the lack of availability of its nuclear plants pending Japan’s safety review.
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.