Norway Approves $3 Billion Wind Power Projects to Increase Capacity
Norway has approved grants to construct eight new onshore wind power plants for about $ 3.3 billion in a bid to triple the nation’s generating capacity to more than 2 GW by the end of the decade. Concessions given to SAE Vind DA, Sarepta Energi AS and Zephyr AS will add 1.3 gigawatts of wind power which is enough to supply electricity to 185,000 households for an entire year. The country aims to have 67.5 percent of its energy consumption from renewable sources by 2020.
Zambia Aims at Geothermal Energy to Fill Energy Gap
Kalahari GeoEnergy Ltd. plans to produce power from steam resources in Zambia to help end the nation’s electricity gap. Kalahari’s first drilling exploration in Zambia’s southern province is aimed at tapping resources as much as 1,000 megawatts- which is half of the nation’s current capacity. Interpretation of the drilled well is anticipated to be completed by the end of December. Zambia currently has a power deficit of 180 megawatts and electricity cuts are common as state-owned supplier Zesco Ltd. struggles to keep up with growing demand.
Russia Offers Help as Tepco Reaches Out
Russia repeated an offer first made two years ago to help Japan clean up its stricken Fukushima nuclear station, welcoming Tepco’s decision to seek outside expertise. So far, Tokyo’s solution to cooling melted nuclear rods at Fukushima that otherwise could overheat into criticality, has been to pour water over them. That has left more than 330,000 tons of irradiated water in storage tanks at the site. The approach to cooling and decommissioning the station will need to include technologies developed outside of Japan if the cleanup is to succeed, said Vladimir Asmolov, first deputy director general of Rosenergoatom, the state-owned Russian nuclear utility.
Petrobras Spends the Highest for Research and Development of New Oil
On a seabed off Brazil, Petroleo Brasileiro SA is separating water from oil as it pumps the crude from beneath the Atlantic Ocean– a first in the industry. The breakthrough process is the first of its kind in water deeper than 1,000 feet. It was developed by Petrobras and FMC Technologies Inc. at a research and development center that boasts of 227 laboratories on an island off Rio de Janeiro. Petrobras has invested $1.13 billion, or 0.8 percent of sales, in R&D last year, the highest rate of the world’s 17 most valuable oil producers. Exxon Mobil Corp. has spent only 0.3 percent.