The fifth annual United States-India Energy Partnership summit took place in Washington last week. The United States and India created the Clean Energy Finance Forum September 30 after Indian Prime Minister Narendra Modi met with President Obama in Washington for the first time since his election in the spring. The forum will bring together public and private sector officials to consider ways to mobilize financing for India’s expanding renewable energy market. The two countries also announced a $1 billion financing deal between the U.S. Export-Import Bank and India’s Renewable Energy Development Agency to help increase U.S. renewable energy exports to India and help India transition to a low-carbon economy. In the last four years, India’s solar market has grown more than a hundredfold to reach more than 2.5 GW of grid-connected installed solar energy. India is the world’s fifth largest wind energy producer, with 20 GW of installed wind capacity.
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ML Strategies Energy & Environment Update: Week of 10/6/2014
By David Leiter | Mintz Levin - Energy & Clean Technology MattersSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Greece Initiates Offshore Oil and Gas Tender Process
By Joanne Mantis | King, Krebs & Jurgens, PLLCGreece has initiated its tender process for offshore oil and gas (hydrocarbons) exploration as of August 26, 2014. The Greek Ministry of Environment, Energy and Climate Change is seeking bid applications for its offshore oil and gas exploration in 20 block areas in the Ionian Sea and south of Crete. The Greek government is hoping this will aid the Greek economy by encouraging an influx of investment capital.
Still wondering why more nukes are not getting built in the West? In 2002, the Finland’s parliament approved the construction of Olkiluoto 3 expecting completion by 2009. To guard against cost over-runs, Finnish utility Teollisuuden Voima (TVO) signed a €3.2 billion (roughly US$4.2 billion at current exchange rate) fixed-price turnkey contract with a consortium including… Keep reading →
Heat Rate Improvements Can Be Challenging for Coal-Fired Plants Under Clean Power Plan
By Gordon HeftIn proposing the wide-reaching Clean Power Plan, the U.S. Environmental Protection Agency (EPA) has laid out four key “building blocks” that states can use to develop their implementation plans. One of those buildings blocks focuses on improving the heat rate – that is, fuel efficiency – of coal-fired power plants. Utility executives from across the… Keep reading →
Unlocking The Mysteries of the J. Robert Oppenheimer Transcript
By U.S. Department of EnergyEditor’s note: This article, written by the Department of Energy’s historian, is a deeper dive into events of historical relevance to the Department. To learn more, visit the Energy Department Historian’s website. In December 1953, the U.S. Atomic Energy Commission suspended the security clearance of J. Robert Oppenheimer, perhaps the most well-known American scientist of the… Keep reading →
Environmental Groups Ramp-up the Crude-by-Rail Fight in the Courtroom
By Alexander Obrecht | BakerHostetlerBakken crude producers and midstream transportation companies already experience transportation woes related to inadequate pipeline infrastructure, railroad capacity, tank car supply, rail accidents, and new regulations. But they also increasingly face a new problem: lawsuits. In September alone, the Sierra Club, one of the largest environmental organizations in the United States, filed two lawsuits challenging different aspects of crude-by-rail transportation. First, on the national level, the Sierra Club seeks to stop the transportation of crude oil in allegedly outdated and unsafe tank cars. And second, at the state level, the Sierra Club accuses a local agency of illegally permitting a rail-to-truck facility.
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
After a Deal With Apple Goes Sour, GT Advanced Technologies Files for Bankruptcy Protection
By GreenTech MediaThe equipment and materials manufacturer once called itself a “poster child for survival” in solar. Can it still live up to that claim? GT Advanced Technologies, a manufacturer of solar equipment and materials for consumer electronics, has filed for Chapter 11 bankruptcy protection in a New Hampshire court. The news caps a wild ride for GT’s stock after it… Keep reading →
Meet Deputy Energy Secretary Liz Sherwood-Randall
By U.S. Department of EnergyThis week we’re welcoming Dr. Elizabeth Sherwood-Randall, our new Deputy Secretary, to the Department of Energy. Working with Energy Secretary Ernest Moniz, she is responsible for management of the Department and execution of the Administration’s highest priority energy initiatives. Dr. Sherwood-Randall comes to the Department from the White House, where she most recently served as… Keep reading →
Exporting Compressed Natural Gas From The US
By Todd Griset | PretiFlahertyIn a divided opinion, the Federal Energy Regulatory Commission has found that it does not have jurisdiction over facilities proposed by Emera CNG, LLC to compress natural gas for export to the Bahamas by ship.
Natural gas is an important fuel used globally for electric power generation, heating, and industry. Throughout most of the U.S., an abundant supply of natural gas means domestic pricing for gas is lower than overseas. This creates a potentially profitable opportunity to export natural gas from the U.S., if regulatory conditions allow.