By James Kanter
Global investors spent about $250 billion building new power capacity in 2008, and for the first time the lion’s share of that money went to renewable sources, according to the United Nations Environment Program.
Renewable sources accounted for 56 percent of investment dollars, worth $140 billion, while investment in fossil fuel technologies was $110 [...]
By LES BLUMENTHAL - McClatchy Newspapers
WASHINGTON — The Obama administration has proposed a 25 percent cut in the research and development budget for one of the most promising renewable energy sources in the Northwest - wave and tidal power.
At the same time the White House sought an 82 percent increase in solar [...]
MANILA, Philippines — Austria-based International Atomic Energy Agency has committed to support the Philippine government in establishing an independent nuclear energy body, according to Energy Secretary Angelo T. Reyes.
In a statement, Reyes said Mohamed ElBaradei, director general of the IAEA secretariat, also assured the Philippines of the UN agency’s “continued assistance especially in the area [...]
GET ready for the advent of cheap and affordable power from solar cells.
Two Chinese entrepreneurs flew in on Sunday from Hong Kong to offer their products, which promise to deliver power to those areas that are not connected to the power grid.
They are Li Hao Bo, general manager of Full Energy Corp. Ltd.; and John [...]
by Adrian Addison
MORONG, Philippines (AFP) – The Bataan nuclear power plant stands as a monument to the greed and corruption of the years the Philippines spent under strongman president Ferdinand Marcos.
It was originally meant to cost around 500 million dollars, but the final price tag of 2.3 billion dollars was only paid off in [...]
By Jeff St. John
General Electric Co. (GE) and a subsidiary of German renewable energy company Conergy (CEYHF.PK) want to build 200 megawatts of renewable power project in Asia in the next five years, and they’re looking for $250 million to do it.
GE Energy Financial Services and the Singapore-based unit of Conergy subsidiary Epuron said Monday [...]
Mexico’s state power company CFE has identified seven zones in the country with high geothermal power potential, the company’s geothermal division head Raúl Maya said at an international geothermal conference in Chilean capital Santiago.
The zones are Tulecheck and Piedras de Lumbre in the north, El Ceboruco and Cerritos Colorados in the center and Acoculco, [...]
IRVING, Texas, Nov 19, 2008 (BUSINESS WIRE) — Exxon Mobil Corporation (NYSE:XOM) announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, TA 1/4rkiye Petrolleri Anonim OrtaklAAYA (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become [...]
By MOHAMED SHEIKH NOR and BARBARA SURK, Associated Press
MOGADISHU, Somalia – Pirates who seized a Saudi supertanker loaded with $100 million in crude oil anchored the ship within sight of impoverished Somali fishing villages Tuesday, while the U.S. and other naval forces decided — for now — against intervention.
Saudi Arabia said Tuesday that it [...]
By Abigail L. Ho
Philippine Daily Inquirer
First Posted 19:29:00 11/16/2008
BRITISH FIRM Green Power PLC Corp. has committed to infuse $200 million into five biomass projects that can generate an additional 87.5 megawatts (MW) of electricity.
David de Montaigne, GGPC founder and chief executive, said each of the five plants would produce 17.5 MW and cost about $40 [...]
