Posts Tagged ‘energy’

19 July 2010

Indonesia receives $300m climate change mitigation loan from Japan International Cooperation Agency

The bilateral development agency Japan International Cooperation Agency (JICA) has signed a $307m loan with Indonesia to fund its ambitious climate change mitigation agenda.

Read full story

12 May 2010

UK coalition parliament expected to increase renewables spending, appoints Chris Huhne as Energy Secretary

Just hours after an historic coalition was formed between Conservative party leader David Cameron and Liberal Democrat party leader Nick Clegg, Liberal Democrat Chris Huhne has been appointed as Energy and Climate Change Secretary and the two parties have published a seven-page agreement on tax and spending, reports said.

Read full story

10 March 2010

E.ON continues renewables investment as it records slight drop in sales in 2009

Energy group E.ON said it continued to invest in renewables through large-scale wind-farm projects in the US and its first solar projects during 2009 despite recording a six per cent drop in sales

Read full story

2 November 2009

Spanish renewable power consumption rises to 25 per cent of total energy usep

The renewable energy portion of Spain's energy use has risen to 25 per cent of total production for January to October this year, according to utility company Red Eléctrica de Espana.

Read full story

17 August 2009

Venture capital firm New Enterprise Associates appoints PM Pai to energy team

New Enterprise Associates, a global venture capital firm, has appointed PM Pai as venture partner.

Read full story

12 August 2009

AIG Financial Products completes $1.9bn sale of energy and infrastructure assets

AIG Financial Products Corp, an AIG company, has finalised the sale of its energy and infrastructure investment assets for $1.9bn.

Read full story

20 July 2009

US Energy Secretary Steven Chu allocates $85m in funding to science researchers

US Energy Secretary Steven Chu will allocate up to $85m in funding under the American Recovery and Reinvestment Act to support at least 50 early career researchers for five years at US academic institutions and Department of Energy national laboratories.

Read full story

2 April 2009

Nexant appoints Dr Andrew Spiers to lead company’s energy expansion in Asia

Nexant, a consulting services and technology solutions provider, has appointed Dr Andrew Spiers, senior vice president of energy and chemicals consulting, to lead the company's expansion in Asia.

Read full story

1 April 2009

Majority of Finnish Industry Investment’s €150m commitments in energy and environmental sectors

Government-owned investment company Finnish Industry Investment made investments totalling €150m during the course of 2008, of which €130.9m was in funds and €19.4m was direct investments in growth companies.

Read full story

23 March 2009

Abu Dhabi National Energy Company completes 50 per cent acquisition of Marubeni’s Caribbean portfolio

Global energy company Abu Dhabi National Energy Company (TAQA) has finalised the $320m acquisition of a 50 per cent equity stake in the existing Caribbean portfolio of Marubeni Corporation, a Japanese trading company.

Read full story

17 March 2009

US Energy Secretary Steven Chu stresses the need for energy independence

As OPEC ministers gathered to talk about the price of oil, US Energy Secretary Steven Chu highlighted the importance of energy independence and called for global cooperation on energy, economic and climate challenges.

Read full story

15 January 2009

New Green Technologies on its way to completing waste unit

New Green Technologies has obtained the architectural drawings required to complete installation of its waste to energy unit.The 15 tonne mobile unit is located in Florida, US.

Read full story

28 November 2008

Western Governors Association urges Obama to implement energy plan

In an open letter to president-elect Barack Obama, the Western Governors Association urged rapid action in adopting and implementing a national energy plan. The WGA believes a number of measures need to be implemented swiftly to transform the country’s energy infrastructure and economy. Governor Jon Huntsmen, chairman of the WGA, said, ‘The transformation we are[...]

Read full story

10 November 2008

Agni to build first biomass to energy plant in Malaysia

Malaysia. Construction on the 10 MW plant is expected to be completed in the next 18 months and aims to export power into the Malaysian electrical grid from the plant by 2010, the company said.

Read full story

24 October 2008

UK energy company Centrica to build 250 MW offshore wind farm

UK energy company Centrica has gained government consent for its proposed 250 MW offshore wind farm project. The Lincs project, 8 KM off the coast east of Skegness, UK, would be situated next to the company's recent offshore wind farm developments at Lynn and Inner Dowsing.

Read full story

18 September 2008

Hedge funds in energy: scapegoats?p

Recently, hedge funds have been accused of short-term opportunistic trading. At the end of June 2008 a bill was approved by a vote of 402 to 19 in order to strengthen powers of the Commodity Futures Trading Commission against opportunistic speculation. At the same time, CFTC charged an international arbitrage firm and some of its employees with manipulation and attempted manipulation of energy futures contracts. Politicians are mistaken in their over-generalisation of the negative consequences of energy trading by hedge funds, writes Stevin Levitt of Park Sutton Advisors.

Read full story