Japan’s Prime Minister, Naoto Kan, has announced that the country will abandon plans to expand its nuclear power industry, and instead will make renewables a key part of its energy policy.
Electric vehicles may help the UK cope with erratic renewable power generation in the future by recharging when demand is low and supplying the network when demand is high, the National Grid has said.
The accident at Japan’s Fukushima nuclear power plant will not affect civil nuclear cooperation between Pakistan and China, Masood Khan, Pakistan’s Ambassador to China said. He said that plans to work with China to build two more 340 MW nuclear reactors at the Chashma facility in Punjab province would go ahead as scheduled.
The UK coalition government’s renewable energy review has declared nuclear to be the most cost-effective form of low-carbon power generation in the short-term, while renewables are described as key to decarbonising the UK economy in the medium to long-term.
State-run Taiwan Power Company (Taipower) has softened its push for more nuclear power, saying that it is the people's decision whether to continue nuclear power generation.
German industrial conglomerate Siemens AG is set to report a significant increase in net profit on a one-time gain from the sale of a minority stake in nuclear power venture Areva NP, while its order book is set to benefit from the continuing rebound across its business lines.
Japan’s growing anti-nuclear movement in the wake of the world's biggest nuclear accident since Chernobyl is creating an opportunity for Japanese makers of solar equipment. Companies such as Panasonic and Sharp are expected to capitalize on orders that analysts estimate may exceed $100 billion over the next decade, bringing down costs for consumers.
Gulf states must add about 8 GW of power generation capacity per year to cope with growing demand, Dr Abdullah Al Shehri, CEO of Saudi Arabia's Electricity and Co-generation Regulatory Authority (ECRA), has said at the Dubai Global Energy Forum.