Energy Update
Building a wind farm is no small undertaking. With costs ranging from US $2 million to $5 million per MW installed, the financial backing of a strong insurance partner is a must in order to put stakeholders' minds at ease. But how do insurance companies evaluate risks and determine premium pricing for projects that are "firsts" such as the first U.S. offshore wind farm or the first use of a new MW-class turbine?
Renewable energy is being installed globally at an ever-increasing rate and is driving opportunities for energy storage across all global markets. Here are some key considerations, challenges and use-cases for this important new technology.
LAUNCESTON, Australia, Sept 14 (Reuters) - China's steel and
coal sectors provide contrasting stories so far this year, with
one failing miserably to curb output and the other cutting so
successfully it's led to the unintended consequence of higher
prices and imports.
BEIJING, Sept 14 (Reuters) - Chinese prosecutors have
indicted Xu Jianyi, the former chairman of state-owned FAW Group
Corp, on corruption charges, the official Xinhua
news agency said on Wednesday.
TAIPEI, Sept 14 (Reuters) - Tens of thousands of homes lost
power across Taiwan on Wednesday as Super Typhoon Meranti hit
the island, a storm seen as the strongest in the world so far
this year, forcing schools and businesses to close and flights
to be cancelled.
SEOUL/SYDNEY, Sept 13 (Reuters) - The chairman of Hanjin
Group transferred 40 billion won ($36 million) to Hanjin
Shipping on Tuesday to help unload cargo stranded on
the troubled shipper's vessels, a spokesman said, but regulators
warned securing further funds could take "considerable time."
SEOUL/SYDNEY, Sept 13 (Reuters) - The chairman of Hanjin
Group transferred 40 billion won ($36 million) to Hanjin
Shipping on Tuesday to help unload cargo stranded on
the troubled shipper's vessels, a spokesman said, but regulators
warned securing further funds could take "considerable time".
LONDON, Sept 14 (Reuters) - Global upstream oil and gas
investments are expected to plummet 24 percent this year, with
little signs of improvement for 2017, the International Energy
Agency (IEA) said on Wednesday.
Austin Exploration announced the mobilization of the Math Energy Drill Rig to the Columbus #1 Well pad site, along with the extensive amount of necessary machinery and equipment, has been successfully completed.
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