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.
Japan’s plans for a rapid expansion of solar power is facing difficulties, with a lack of bank financing proving to be a problem.
A 5.8 magnitude earthquake struck Virginia, USA, causing minimal damage. Dominion Virginia Power’s two North Anna nuclear reactors shut down automatically as a result of the earthquake.
India's nuclear power generation capacity is expected to reach 20 000 MW in around two decades, a top official at the Indira Gandhi Centre for Atomic Research (IGCAR) has said.
India’s lone nuclear power generation utility, Nuclear Power Corporation (NPCIL), is to go ahead with its plans for agressive capacity expansion, despite the renewed safety concerns for nuclear power generation after the Fukushima disaster.