Laurie Eve, director of green energy consultancy Source Renewable, has praised the introduction of the feed-in tariff (FIT), saying it boosted the installation of renewable fuel in UK households.
British Government's feed-in tariff scheme, which provides incentives for renewable power projects such as installations of solar panels and wind turbines, was launched in April 2010.
With an aim to move towards being largely dependent on the renewable energy resources, the California Energy Commission has recently approved a plan to build the largest solar array in the world. It is to be mentioned here that the array is expected to be build on the Eastern Riverside County.
It is believed that the construction of the same will begin by late end of November of early December this year.
However, the construction decision also depends on the Bureau of Land Management that owns the land at the proposed site.
According to reports, a huge expansion is to be done at the biggest onshore wind farm of Europe which is situated in East Renfrewshire. The ScottishPower Renewables has planned to add more 75 turbines to its Whitelee wind farm of Eaglesham Moor in order to increase the production capacity by the year 2012. After this the number of turbines on the site will increase to 215 and the capacity of electricity generation will rise by two third of the current capacity.
Major world events like World Cup and the winter Olympics have raised the profits of the power company Aggreko of Glasgow. The company has reported a 19% rise in its pre-tax profits in the first six months of this year compared to the same time period of last year.
The company is the largest temporary power supplier of the world and it has increased its outlook for this year. The power firm has also decided to increase its interim dividend for this year.
Baltimore-based power-generating Company, Constellation Energy Group Inc. is slated to acquire Boston Generating LLC by offering an amount of around $1.1 billion.
If the agreement becomes successful, it will be Constellation's biggest bid ever and other Companies will have to quote much higher price in order to obtain the assets.
The France-based power giant GDF Suez has reportedly agreed to takeover its British rival International Power, and the announcement can be made as soon as tomorrow.
The French state-controlled GDF Suez has been had resumed talks with the FTSE 100 firm International Power after failing to agree a deal earlier this year.
Last month, GDF Suez had confirmed that it was in preliminary talks with International Power regarding a possible combination.
According to the chief executive of Drax, which is the UK's major power station, has expressed that the government reforms of subsidies for renewable energy have dumped into uncertainty of the group's planned big expansion of the utilization of biomass.
Further Dorothy Thompson added that the latest subsidy rules made it very hard to craft the case to shareholders for the group's £2bn biomass investment plans.
National Grid expressed that it witness the trading in line with the prospects and the stance for the year stayed optimistic.
The U.K.-based service handling and operating the electricity and natural gas networks in the U.K. and U.S., expressed in a statement that it anticipated a significant development in the gas distribution venture contrasted to last year's operation's.
According Chief Executive Steve Holliday, that they are well located to distribute another year of good performance, which shall fortify the embattled by 8% dividend growth policy by the year 2012.
The new bid action pivoted at the International Power and Tomkins sparked up London stocks on Tuesday but still the broader disinclination to gear on the risk put aside the equities under pressure.
The FTSE 100 electricity generator International Power inveterate that it had been back in gossips with GDF Suez, which is its French colleague, related to a latent merger. The duo business groups were judging the panorama of putting the pooled company’s London catalog, however with GDF as the mainstream associate in the engorged group.
Viridian Group, the parent company of Northern Ireland Electricity (NIE) has agreed to sell its subsidiary’s transmission and distribution business to the Irish Government-owned firm Electricity Supply Board (ESB) in a deal worth for 1 billion pounds.
Under the terms of the deal, NIE will receive 1.043 billion pounds from ESB subject to the fulfillment of certain conditions.
Northern Ireland energy minister Arlene Foster has assured that he would watch the transaction closely in order to make sure the interests of consumers don’t suffer.
The power station driven on gas-fired, Ballylumford power has been sold for £99m to the mighty group Kilroot power station.
According to the AES Corporation expressed that it had accomplished the agreement to attain the Ballylumford Premier Power, which is a subsidiary of the BG Group. The mainstream of the County Antrim plant's production is tapered to the Northern Ireland Electricity.
However there has been an extensive conjuncture for quite some time reason being the power station might be sold off.
US firm Emerson Electric raised its cash offer for British power supplier Chloride as it is facing cut-throat competition from Swiss rival ABB.
Emerson Electric’s new offer of 375p-per-share values the British firm at £997 million, while the Swiss engineering giant ABB made a 325p-a-sahre bid.
But, the tug-of-war is not over as ABB now has three days to make a new offer and market analysts expect the Swiss firm to increase its offer to 385p-a-share.
Moreover, Emerson's latest 375p offer is well below Chloride's share price, which jumped 38.6p to 387.1p-a-share.
Predicting its performance to be noticeably better this year, Aggreko PLC said that its functioning has received a boost by the work at the soccer World Cup finals that would commence on Friday in South Africa.
Aggreko is a power Company that rents generators for temporary power and cooling systems. The Company announced this on Tuesday.
Paul McKay has asserted that Canada’s nuclear business is lending support towards weapons propagation. This claim is based on wrong physics, bomb-making circumstances that look reasonable but in actuality belongs to an Austin Powers movie script, and an often-repeated historical deception associated with Pakistan’s nuclear bomb.
First physics. Mr. McKay maintains that plutonium is practically durable. It is not unyielding. Plutonium is ruined, plainly blown apart, when it is split in a nuclear reactor.
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