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Shale glut drives down power profit margins
- 2012-01-18 04:57:32
- David Flin
A shale-gas glut has driven down electricity prices for the US power industry by around 50 per cent since 2008 and reduced investment in costlier sources of energy, according to a research report by Aneesh Prabhu, a Credit Analyst with Standard & Poor’s Financial Services LLC.
Pakistan sets 1500 MW wind target for 2013
- 2012-01-05 20:11:19
- Junior Isles
Pakistani Federal Minister for Water and Power, Syed Naveed Qamar has said that the government has set a target of 1500 MW from wind power generation by 2013 and procedures have been simplified in order for investors to reach the target.
SPX and Shanghai Electric to supply cooling equipment in China
- 2012-01-05 20:08:35
- Junior Isles
North Carolina based SPX Corporation and Shanghai Electric Group Co., Ltd. (Shanghai Electric) today announced the formation of a new strategic joint venture to supply products to the power sector in China.
China unveils battery energy storage station
- 2012-01-03 07:26:34
- David Flin
It has been announced that construction of what is claimed to be the world’s largest battery energy storage station has been completed in China.
NTPC to supply 50 MW solar power from 2013
- 2011-12-30 03:51:55
- David Flin
India’s state-run National Thermal Power Corporation (NTPC) has signed an agreement with Madhya Pradesh Power Trading Company to supply electricity from a 50 MW solar plant, the biggest such unit in the country currently under implementation.
UK government's solar subsidy cuts criticised
- 2011-12-23 15:44:22
- Junior Isles
The UK government's planned changes to solar power subsidies may deal the industry a "fatal blow", two separate parliamentary committees have warned.
MidAmerican buys 49 percent stake in Agua Caliente
- 2011-12-21 08:18:40
- David Flin
MidAmerican Energy Holdings has announced that it will acquire a 49 percent stake in the 290 MW Agua Caliente solar photovoltaic (PV) project, located in Arizona, USA, from NRG Energy.
Goldwind taps into Chile wind market
- 2011-12-09 06:07:19
- David Flin
China’s Goldwind has announced that it has entered into an agreement to provide 23 low wind speed Permanent Magnet Direct Drive (PMDD) wind turbines to Mainstream Renewable Power for Mainstream Negrete project (phase one) in Chile.
ABB announce new concept for concentrating solar power plants
- 2011-11-30 05:48:15
- David Flin
ABB has launched what it describes as a new concept for turnkey concentrating solar power plants (CSP) based on a low-cost, efficient, scalable technology.
German expert says UK support for nuclear will hurt renewables
- 2011-11-29 19:00:15
- Junior Isles
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.
