Energy Update
Prime Minister Narendra Modi’s government is planning a 210 billion-rupee ($3.1 billion) package of state aid for India’s solar panel manufacturing industry, according to two officials.
KUALA LUMPUR, Oct 24 (Reuters) - Malaysia is considering halting the annual Formula One Grand Prix race after its contract ends in 2018 due to declining ticket sales and TV viewership.
The barriers to offshore wind are formidable. Yet, after many years of delays and cost increases, there are signs of progress. Offshore wind bids coming out of Europe suggest that steep cost reductions are at hand; the most recent of those bids, for a 350 MW near-shore project off the coast of Denmark, came in at a record-low of just $67 per MWh. These and other developments hold promise for further cost reductions in the years and decades ahead.
When you think of Colorado, images of snow-capped mountains and lush evergreen forests may come to your mind. But Colorado’s forests have been under attack. It began more than two decades ago when severe drought led to an infestation of mountain pine beetles, spruce beetles, and other pests. The beetle infestation, over time, killed millions of acres of lodgepole pine trees and other tree species.
Finnish Valmet and Danish HOFOR Energiproduktion A/S have signed a €150 million (US$163 million) contract for development of a state-of-the-art biomass combined heat and power plant for Copenhagen, Denmark.
MOSCOW, Oct 24 (Reuters) - Russia's energy minister
Alexander Novak said on Monday he was convinced that an
agreement between Russia and leading oil exporters on oil market
stabilisation would be eventually reached.
Fossil fuels were always intended as bridge fuels until a clean, inexhaustible source of energy could be developed that was economically viable. While large pockets of oil, natural gas, and coal remain underground, supply must be constantly increased as our demand for energy continues to grow.
Conditions in Jordan are perfect for rapid growth in commercial and industrial solar. The country recently abolished a limit on the nameplate capacity of renewable energy plants connected to the grid that can benefit from net metering.
RIO DE JANEIRO, Oct 24 (Reuters) - Brazil's Petroleo
Brasileiro SA and France's Total SA agreed
on Monday to study opportunities for joint developments in the
exploration and production of oil and gas, in Brazil and abroad,
Petrobras said in a statement.
LONDON, Oct 24 (Reuters) - Speculators raised their bets on
a rally in diesel futures prices to their highest level in over
two years, according to data from the InterContinental Exchange
on Monday.
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