GALWAY, IRELAND--November 18, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Statkraft AS (Oslo, Norway) plans to develop a second power plant at the Knapsack Industrial Estate in Hurth, Germany. The power plant, which will have a capacity of 430 megawatts (MW) and will cost about 300 million euros ($446 million), is expected to go online by 2012. Statkraft initiated a land survey early this year, and licensing procedures are now under way. The final investment decision is likely to be made by mid-2010. The combined-cycle gas-turbine (CCGT) plant will be built a 5-hectare area within the estate, where Statkraft has been operating an 800-MW unit since 2007.
GALWAY, IRELAND--November 17, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Dong Energy (Copenhagen, Denmark) may have dropped out of the U.K.'s carbon capture and storage (CCS) race last week, but the U.K. is about to get a new entrant in the shape of Scottish and Southern Energy plc (OTC:SSEZY) (SSE) (Perth, Scotland). The power and gas company has announced that it plans to build the country's largest CCS demonstration plant at the Ferrybridge coal-fired power station near Castleford in Yorkshire. Doosan Babcock Energy Limited (Renfrew, Scotland) and partners will build the 5-megawatt (MW), £21 million ($35.2 million) pilot plant.
GALWAY, IRELAND--November 12, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.K. market for carbon capture and storage (CCS) is on rocky ground this week despite the government's publishing a long-awaited framework for new coal-fired development. The "Framework for the Development of Clean Coal" lays out the government's plans for the future of coal-fired power and CCS, but the document arrived the same time that a consortium of Dong Energy (Copenhagen, Denmark), RWE npower (Swindon, England) and Peel Energy (Manchester, England) withdrew from the country's CCS competition, citing governmental delays as the reason for the withdrawal. This now leaves only two competitors in the running, E.ON AG (OTC:EONGY) (Dusseldorf, Germany) and ScottishPower (Glasgow, Scotland). The CCS competition was launched in March 2007, but despite strenuous vocal support, the government still has not chosen the projects that will receive funding. BP plc (NYSE:BP) (London, England) withdrew from the competition in mid-2007, claiming the government was taking too long to pick the winners.
GALWAY, IRELAND--November 11, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.K. government has revealed plans to build 10 new nuclear power stations that will provide about 25% of the country's power by 2025. Of the 11 sites submitted by the nuclear industry, only the Dungeness site was turned down on the basis of environmental impact, coastal erosion and associated flood risk at the location. The sites were named in the government's draft Nuclear National Policy Statement (NPS), one of a series of statements regarding nuclear policy that was released yesterday. However, to get the plants built will require a radical overhaul of the current planning system. The government has come under fire over the slow and uneven planning system in place for energy projects. For instance, the Fullabrook 66-megawatt (MW) windfarm took more than three years to secure planning permission, while the Sizewell B nuclear unit took six years to secure planning consent, costing £30 million ($50 million). The government has promised "faster and fairer planning decisions." As a result, decisions on proposals larger than 50 MW (100 MW for offshore windfarms) will be reduced from two years or more to one year.
GALWAY, IRELAND--November 10, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--A new player in the British nuclear market has been formally launched by the United Kingdom subsidiaries of German energy giants RWE AG (OTC:RWEOY) (Essen, Germany) and E.ON AG (OTC:EONGY) (Dusseldorf, Germany). Horizon Nuclear Power (Gloucester, England), created by RWE npower and E.ON UK, is a 50:50 joint venture that aims to develop about 6,000 megawatts of new nuclear capacity in the U.K. by 2025. The company has a war chest of up to £15 billion ($25 billion) and believes it can create more than 11,000 jobs during the construction of the nuclear power plants.
With unlimited natural resources and growing interest from Europe's biggest businesses, the Desertec plan for cultivating African and Middle Eastern solar power is gaining steam.
Companies featured in this segment: SYSCO Corporation (NYSE:SYY), KBR Incorporated (NYSE:KBR), Foster Wheeler (NASDAQ:FWLT), Woodside Petroleum Limited (OTC:WOPEY), Chevron Corporation’s (NYSE:CVX), Apache Corporation (NYSE:APA), Hess Corporation (NYSE:HES), Tata Steel Limited (BSE:500470), New Millennium Capital Corporation (CVE:NML), Korea Electric Power Company (NYSE:KEP), Iberdrola Renovables (MCE:IBR), The AES Corporation (NYSE:AES), Egyptian company El Sewedy Cables (CAI:SWDY), Chicago Bridge & Iron Company (NYSE:CBI), Scottish and Southern Energy plc (OTC:SSEZY), E.ON AG (OTC:EONGY), RWE AG (OTC:RWEOY)
Companies featured in this segment: Fiat (OTC:FIATY), Scottish and Southern Energy plc (OTC:SSEZY), E.ON AG (OTC:EONGY), BP plc (NYSE:BP), RWE AG (OTC:RWEOY), General Electric Company (NYSE:GE), Eni SpA (NYSE:E), BP plc (NYSE:BP), Emerson Electric Company (NYSE:EMR), Korea Electric Power Corporation (NYSE:KEP), Reliance Industries Limited (BSE:500325), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Total S.A. (NYSE:TOT)
Companies featured in this segment: Pfizer Incorporated (NYSE:PFE), Monsanto Company (NYSE:MON), Alstom SA (EPA:ALO), Schlumberger Limited (NYSE:SLB), American Electric Power Company Incorporated (NYSE:AEP), The Dow Chemical Company (NYSE:DOW), StatoilHydro ASA (NYSE:STO), E.ON AG (OTC:EONGY), Total SA (NYSE:TOT), Royal Dutch Shell plc (NYSE:RDS.A), National Grid plc (NYSE:NGG), ArcelorMittal (NYSE:MT), RWE AG (OTC:RWEOY), E.ON AG (OTC:EONGY), Nestle S.A. (OTC:NSRGY)
Companies featured in this segment: RWE AG (OTC:RWEOY), E.ON AG (OTC:EONGY), Areva SA (EPA:CEI), Electricite de France SA (EPA:EDF), Scottish And Southern Energy plc (OTC:SSEZY), Wal-Mart Stores Incorporated’s (NYSE:WMT), Enterprise Products Partners LP (NYSE:EPD), Shell (NYSE:RDS.A), Exxon Mobile (NYSE:XOM), Valero’s (NYSE:VLO), ConocoPhillips’ (NYSE:COP), Alabama Power Company’s (NYSE:ALM), DuPont’s (NYSE:DD), Gulf Power Company’s (NYSE:GUL), Mississippi Power Company’s (NYSE:MPJ)
Companies featured in this segment: Ford Motor Company (NYSE:F), Fiat SpA (OTC:FIATY), Ivanhoe Mines Limited (NYSE:IVN), Rio Tinto plc (NYSE:RTP), Salzgitter Group AG (ETR:SZG), Lonza Group AG (VTX:LONN), Linde AG (ETR:LIN), E.ON AG (OTC:EONGY)
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