Energy Update

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One of the world’s most progressive renewable energy states is looking to expand its bioenergy industry as it strives to use green energy to supply half of its electricity needs by 2025.

The Southwest Power Pool set a new wind power peak of 9,948 MW on Dec. 19, which represented a penetration level of 33.5%, SPP said in a Twitter posting early Dec. 21.

TerraForm Power Inc., BP Plc and Diamond Generating Corp. repriced about $187 million of outstanding debt with a lower rate for a wind farm in Idaho, according to a person familiar with the deal.

ONITSHA, Nigeria, Dec 25 (Reuters) - Tens of people were killed in an explosion at a gas plant in southern Nigeria, the presidency said on Friday, with one journalist putting the death toll at 100.

It is a difficult time for the solar industry in the U.K., but the solar system is on the verge of transforming into an energy system built around storage and changing the way people think about energy consumption.

ONITSHA, Nigeria, Dec 25 (Reuters) - As many as 100 people were killed by an explosion at a gas plant in southeastern Nigeria, a local journalist at the scene said on Friday.

BEIJING, Dec 25 (Reuters) - The China-backed Asian Infrastructure Investment Bank (AIIB) has been formally established and is expected to be operational early next year, and its head reaffirmed the lender will be "lean, clean and green", Xinhua news agency said on Friday,

BEIJING, Dec 25 (Reuters) - Nepal's foreign minister asked China on Friday for help in dealing with an energy crisis that crippled the landlocked country over the past three months and China said it would look at the request favourably.

BEIJING, Dec 25 (Reuters) - The China-backed Asian Infrastructure Investment Bank (AIIB) has been formally established and is expected to be operational early next year, the official Xinhua news agency said on Friday.

BEIJING, Dec 25 (Reuters) - Profits at China's state firms dipped 9.5 percent in the first 11 months of 2015 from a year earlier, after a 9.8 percent drop in the first 10 months, the Ministry of Finance said on Friday.

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