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IEA report considers a pessimistic future for nuclear
- 2011-11-06 21:59:14
- Junior Isles
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 sets aside $130 billion for renewable energy
- 2011-10-21 06:07:17
- David Flin
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.
EDF opposes Constellation sale to Exelon
- 2011-10-14 06:22:47
- David Flin
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.”
UK renewables approach all time high of 10 per cent
- 2011-09-30 00:40:39
- Junior Isles
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.
Gazprom looks to northern Asia to complement European expansion
- 2011-09-28 19:53:33
- Junior Isles
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.
Kepco needs $1.7 billion loan
- 2011-09-28 05:46:14
- David Flin
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.
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.
Japan’s solar growth depends on banks ending loan drought
- 2011-08-26 06:43:47
- David Flin
Japan’s plans for a rapid expansion of solar power is facing difficulties, with a lack of bank financing proving to be a problem.
Earthquake causes North Anna reactors to shut down automatically
- 2011-08-24 07:05:31
- David Flin
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 to reach 20 000 MW of nuclear generation in 20 years
- 2011-08-22 23:30:55
- Junior Isles
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.
