Here is a roundup of some of this week’s more interesting energy deals: The BP-led Shah Deniz consortium signed a 25-year sales agreement for more than 10 billion cubic metres per year of natural gas from the second phase of development at the giant Shah Deniz field offshore Azerbaijan. Shah Deniz will deliver gas directly… Keep reading →
IBM is looking to capture a share of Europe’s growing “smart” electricity market. IBM has inked a deal with the metering division of EOn, Germany’s largest utility, to deliver a data and analytics platform, the Intelligent Energy Service Enablement Platform, for Smart Grid customers in Germany, Austria and Switzerland, with plans to expand offerings to… Keep reading →
Coal that’s being priced out of the US market by cheap natural gas is being burned instead in Europe, where it’s cheaper than natural gas with prices traditionally linked to oil.
The resulting pressure is beginning to break down those links, and the differential between natural gas prices in the US and Europe could diminish significantly before any US liquefied natural gas (LNG) can be exported. Keep reading →
How the renewable energy industry copes with the loss of incentives this year will test its maturity and the success of the stimulus funding.
In many ways, the renewable energy industry is facing a pivotal moment as the 1603 grant program is set to expire this year, the $2.3 billion for the 48C advanced manufacturing tax credit has already been allocated and the Department of Energy has completed its work of handing out more than $36 billion in its loan guarantee program. Keep reading →
If the US wind industry were a patient, any doctor would give it a clean bill of health… until the end of 2012. The prognosis for 2013 could be near-terminal as the Production Tax Credit is due to expire at the end of 2012.
“The goal of the tax credit: is the more we build the cheaper it will become. That has been borne out over time,” says Richard Caperton, a senior policy analyst with the energy opportunity team at Center for American Progress. “Wind is a very healthy industry that is viewed as a mainstream investment by utilities. It’s been very effective.” Keep reading →
Following its controversial decision after the Fukushima crisis in Japan to shut down all of its nuclear power generation, Germany has been busy bolstering its renewables portfolio.
General contractor hybridsolar AG will add 60.2 MW of capacity to the 24.3 MW FinowTower solar plant, located at the former Eberswalde/Finowfurt military airport in the district of Schorfheide, northeast of Berlin, bringing the plant’s total capacity to 84.5 MW and making it the largest solar power plant in Europe. Keep reading →