Latest Energy News | World News
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Leading Wind Turbine Maker to Establish Assembly Plant in Brazil
Danish wind turbine maker Vestas Wind Systems A/S is building its first assembly plant in Brazil, announcing in a statement, “The investment is included in Vestas's CAPEX program for 2011.”When fully operational, the facility will have an annual production capacity of approximately 400 nacelles of the V90 and V100 turbine type representing an initially estimated annual capacity of 800 (megawatts).” The assembly plant will be situated in Fortaleza, Ceara in the northeast of Brazil, and will assemble nacelles, the hub which sits atop a wind turbine tower and encases the gear box, drive train and other components at the center of…
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Investors Considering Iran-Iraq-Syria-Europe Pipeline
Iranian Deputy Oil Minister Javad Owji told reporters in Tehran, "Seven international investors have announced their readiness to finance, design, and construct the pipeline that will transport 110 million cubic meters of Iranian natural gas to Iraq, Syria, and European countries per day."Owji added that talks are underway to begin construction of the multi-billion-dollar project by March 2012, Mehr News Agency reported. In July Iran, Iraq, and Syria signed a $10 billion contract for transiting Iranian natural gas from Iran's massive offshore South Pars gas field in the Persian Gulf to Europe via a 3,100-mile pipeline crossing Iraq, Syria, Lebanon…
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France Investigates Producing Electricity from Ocean Tides
Tidal energy proponents are optimistic that the French government strategy of "investments in the future" could by the end of the summer lead to governmental support for the France Ocean Energies technological platform supported by the Institut français de recherche pour l'exploitation de la mer (French Research Institute for Exploration of the Sea, or IFREMER.) IFREMER project manager Yann-Herve de Roeck said, "The goal of this project is to enable the sector to organize and its actors to pool a certain number of resources. France has many assets in the area of ocean energies, in particular manufacturers that master marine…
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Samsung C&T awarded $3 billion Canadian contract
South Korea’s trading and construction company Samsung C&T Corp., has signed a $3 billion contract to construct wind and solar energy power plants in Canada. According to the terms of contract with the government of Ontario province Samsung C&T will build 520 megawatt energy farms in the province’s Haldimand and Chatham-Kent southern regions and 550 megawatt complexes in Kingston and Bruce, Yonhap news agency reported. Under the contract terms, South Korea's state-run Korea Electric Power Corp. will also design the facilities’ electrical wiring and operate the plants. Samsung C&T stated that the contract represents the first two steps of Canada's…
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Tanzania Improves Energy Efficient Stoves
A great deal of environmental damage is inflicted in Africa by people using local resources such as wood for cooking. Now, British company co2balance is introducing innovative energy efficient stoves to Tanzania in an effort to mitigate East Africa’s environmental traumas. Co2balance managing director Mark Simpson said, "Expanding into Tanzania brings our count to six countries in Africa with listed and registered projects, with the Indian subcontinent coming on stream next year. Our business plan is to be recognized as the leader in stove technology for carbon reduction," The Citizen reported. The energy efficient stoves halve the amount of wood…
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Turkey to Host Iraqi Energy Conference
London's Energy Exchange will host an Iraqi Energy Conference in Istanbul next month. The Energy Exchange issued a press release noting that the "Iraq 2011: Future Energy" four-day conference will be held in Istanbul beginning on 26 September, noting, "At the event, leading industry experts and decision-makers will unveil the significant investment opportunities in Iraq's oil and gas, power, electricity and related infrastructure sectors. The second day of the conference will feature speakers clarifying the political and energy situation in Iraq, along with investment opportunities and action plans for downstream projects. In addition, the case for regulating the upstream petroleum…
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In the Aftermath of Fukushima, Japan Turns to Renewable Energy
In the immediate aftermath of the 11 March nuclear catastrophe at Fukushima, which took six of Tokyo Electric Power Company’s offline, the Japanese government took immediate steps to conserve energy and urged its citizens to the do the same. The campaign succeeded, as even with 35 of 54 nuclear reactors temporarily suspended offline for safety checks, the total electricity usage in the area covered by the Tokyo Electric Power Company (TEPCO) was never more than 90 percent of the available supply, even when 20 percent less electricity was supplied this year compared to 2010 figures because of the Fukushima accident.…
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Iranian Oil Minister States That Industry Needs Massive Investment
Denied funding by years of U.S. imposed sanctions, more recently strengthened by UN restrictions over the country’s nascent nuclear energy program, Iran’s energy sector is in need of massive capital investment. Iran's newly appointed Oil Minister Rostam Qasemi stated that $40 billion was needed for the development of Iran's oil and gas fields, noting, "Considering the extensive area of the joint (oil and natural gas) fields, their development needs heavy investment; therefore, the task can be accomplished by securing the capital from domestic as well as foreign sources. Definitely a part of the needed resources will be secured from the country's…
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Attack Destroys NATO Fuel Tankers in Pakistan
Sixteen tankers carrying oil for NATO troops in Afghanistan were destroyed by a bomb at a terminal on the outskirts of Peshawar, in the latest attack by militants aimed at disrupting NATO supply line through Pakistan A total of 28 NATO oil tankers were parked at a terminal. Local police official police official Khurshid Khan stated, "We are trying to move away other oil tankers. We are not clear whether the bomb was planted in the terminal or with a tanker. Sixteen tankers were completely destroyed," The Express Tribune reported. The source quoting tanker drivers said a tanker had arrived…
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Kenya develops unique Bio-Ethanol Gel Biofuel for Kitchen Use
The bio-ethanol gel is an alternative biofuel developed by Consumer's Choice Limited to reduce Kenya’s reliance on imported petroleum. Consumer's Choice Limited business development manager Mohamed Kadhi said, "The future of the country and of the world is in adopting renewable energy and we have sought to develop affordable energy solutions for this emerging market," Consumer's Choice Limited developed a bio-ethanol gel made from molasses derived from sugarcane. Kadhi noted, "During the sugar extraction process, molasses is derived as one of the by-products. The molasses is used to develop technical alcohol, which is the chief ingredient of the bio-ethanol gel. What…
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