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Sumitomo acquires 25 per cent stake in $2.3 billion US solar farm
- 2012-10-04 10:35:12
- Junior Isles
Japan’s Sumitomo Corp. has spent $200 million to acquire a 25 per cent stake in Desert Sunlight Investment Holdings LLC, the operator of a $2.3 billion solar project in California, USA.
Iraq to invest $500 billion in energy
- 2012-10-02 04:59:21
- David Flin
Iraq will invest around $500 billion in energy and linked industries by 2030, generating around $6 trillion in revenues, according to the country’s Deputy Prime Minister for Energy, Hussain al-Shahristani.
GE announces new gas turbines designed to complement renewables
- 2012-09-29 10:28:41
- Junior Isles
GE has announced a new line of gas-powered turbines specifically designed to be paired with renewable energy sources. The new FlexEfficiency 60 product line represents a new model for alternative-energy projects, with the company claiming it combines “record-breaking efficiency” and “flexibility” to cut carbon emissions and reduce costs compared to prior GE configurations.
TransCanada plans to build 900 MW gas-fired plant in Ontario
- 2012-09-25 03:41:02
- David Flin
TransCanada has announced that it has signed a memorandum of understanding with the Ontario Power Authority to build, own, and operate a 900 MW natural gas-fired power plant at Ontario Power Generation’s Lennox station.
UK wind generation hits record high, gas at record low
- 2012-09-13 09:34:00
- Junior Isles
UK wind power generation reached an all-time high of 3.36 GW this week, while gas-fired generation recorded the lowest generation level on record for a mid-afternoon weekday.
New Japanese power plan replaces nuclear with renewables
- 2012-09-01 13:36:01
- Junior Isles
Japanese Environment Minister Goshi Hosono has released Japan’s new post-Fukushima power strategy, which aims to boost the generating capacity of four renewable energy sources by more than six-fold and make it possible to eliminate all nuclear power, all by 2030.
Germany’s green energy policy to force consumer price rises
- 2012-08-27 15:45:48
- Junior Isles
Germany's green energy strategy is destined to cause upset as the costs of new renewable power generation units and transmissions must be passed on to consumers, Tuomo Hatakka, head of the German unit of Swedish energy group Vattenfall has said.
IHI Corp makes first venture into power generation
- 2012-08-25 10:52:24
- Junior Isles
IHI Corp. has announced it has acquired a 50 per cent stake in each of US utility Exelon Corp’s five power plants in California. This move is IHI's first entry into large-scale commercial power generation.
Orix to invest $1.25 bn into new solar projects
- 2012-08-17 22:32:58
- Junior Isles
Orix Corp. President Makoto Inoue has said that his firm plans to invest 100 billion yen ($1.25 billion) over three years to build solar power plants at dozens of locations across Japan with a total generating capacity of 400 MW.
Pike report outlines potential of distributed generation
- 2012-08-17 10:14:25
- Junior Isles
A new report from Pike Research has cast doubt on the sustainability of traditional centralised power generation, transmission, and distribution. The report claims this conventional power model is becoming more costly to maintain, compared with distributed alternatives, particularly given the expansion required to meet the needs of growing populations.
