U.K. to Allow Chinese Firms to Invest in Nuclear Reactors

Posted on October 21st, 2013 by
   

U.K. to Allow Chinese Firms to Invest in Nuclear Reactors

The U.K. will allow Chinese companies to acquire stakes in its nuclear power plants as Britain looks to boost investment in low-carbon electricity and ward off the risk of blackouts. The U.K. is trying to spur 110 billion pounds ($177 billion) of spending on new power stations and grid infrastructure through 2020 to replace aged generators as well as reduce carbon emissions. Fifteen of Britain’s 16 nuclear plants are due to close by 2023. The agreement with China covers cooperation on investment, technology, construction and nuclear energy expertise.

Grangemouth Refinery Stays Idle as Talks Fail

Grangemouth, Scotland’s only refinery, remains idle after talks broke down between its owner Ineos Group Holdings SA and the Unite union over plans to cut costs and changes to wages and pensions. The parties failed to reach a deal after two days of talks last week as arbitrated by the U.K.’s Advisory, Conciliation and Arbitration Service. Ineos already initiated direct consultations with employees, including a proposal to replace a final salary pension plan, change working terms and close inefficient units. The company aims to get a response from workers by Oct. 22 and will consult its shareholders about resuming production thereafter.

Large Hydro Projects Increasing, Delegates Tell World Energy Congress

Speaking at the 22nd World Energy Congress held in Daegu, South Korea, hydropower advocates reports that large hydropower projects are experiencing a global renaissance as developers in Central and Latin America, Canada and Russia are moving to exploit untapped hydroelectric power potential. According to International Hydropower Association executive director Richard Taylor, negotiations with environmental activists, banks and other stakeholders since 2000 are mainly responsible for the surge. However, some experts still say that regulations are still often too stringent in some regions where hydroelectricity could benefit most.

Array Technologies Commissions 1.2 MW Solar Projects in Rio Rancho

Array Technologies has announced the completion of two solar tracking projects in in New Mexico. The two installations are located at Cleveland and Rio Rancho High Schools. Together, the sites make up 2.36 MW, 1.2 MW of which is solar tracker.  The electric output of both sites is enough to power 80% of each school’s electricity needs. The projects will also help offset 1,136 tons of greenhouse gas emissions along with serving as an important reminder how renewable energy can benefit local communities by providing jobs, revenue, and clean long-term energy generation.

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