April 25 Energy News

April 25, 2016


¶ “Nuclear power’s economic meltdown 30 years after Chernobyl” The catastrophe at Chernobyl seemed to confirm the worst expectations of the environmental movement. Thirty years later, the nuclear industry is facing a meltdown of a different kind: an economic meltdown. [swissinfo.ch]

Science and Technology:

¶ An extensive new scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half. The author is a former chief economist at Royal Dutch/Shell Group. [Middle East Eye]


¶ A survey found communities across New South Wales support wind farms. Of the 2000 people surveyed in a study commissioned by the State Government, 81% said they supported wind farms in the state and 91% supported the use of renewables to generate electricity. [Clarence Valley Daily Examiner]

The Acciona wind farm near Gunning, New South Wales.

The Acciona wind farm near Gunning, New South Wales.

¶ Italian investors have signed a pact to install 1,000 MW of solar power capacity in Iran’s Qazvin province at a total cost of $1.5 billion (€1.3 billion). The memorandum of understanding outlines a plan to build 100 solar parks of 10 MW each over a period of 10 years. [SeeNews Renewables]

¶ The Minerals Council of Australia launched a pro-uranium social media campaign on Wednesday. By that afternoon the twitter hashtag #untappedpotential was trending but ‒ as an AAP piece picked up by SBS and others noted ‒ contributors were overwhelmingly critical. [SBS]

A view of the construction site of the Belarusian nuclear power plant 180 km from Minsk, Belarus, 2016. (AAP-EPA / Tatyana Zenkovich

A view of the construction site of the Belarusian nuclear power plant 180 km from Minsk, Belarus, 2016. (AAP-EPA / Tatyana Zenkovich

¶ Indian utility Tata Power has decided to increase the share of its renewable energy output to 30-40% by 2025, up from its earlier target of 20%, a top company official has said. Currently, the private sector utility has an operational capacity of 9,156 MW, of which 14.7% is renewable. [Business Standard]

¶ The Turks and Caicos Islands has one of the highest reported greenhouse gas emissions in the Caribbean due to its reliance on fossil fuels. Almost all of its abundant renewable energy resources, such as solar and wind power, remain untapped, leaving it dependent on oil. [Turks and Caicos Weekly News]

¶ India’s Union power ministry estimates India’s electricity demand in the 2017-22 period to be 20% less than what was originally estimated, thanks to new energy efficiency targets and power-saving devices. Estimates demand in 2022 have been reduced from 298 GW to 239 GW. [Livemint]

Indian transmission lines. Photo: Indranil Bhoumik/Mint

Indian transmission lines. Photo: Indranil Bhoumik/Mint

¶ Shares in French energy giant EDF plunged more than 5% Monday after the state said it would lead a €4-billion capital increase as the company tries to tackle a huge debt pile. The power company’s debt woes weigh on its €23-billion ($26 billion) nuclear project at Hinkley Point. [Bangkok Post]


¶ New York City Mayor Bill de Blasio recently announced that the amount of solar power installed across the city has tripled since the beginning of 2014. Now, he has launched Solarize NYC, a new citywide program designed to further increase access to solar through community group purchasing campaigns over the next nine years. [Solar Industry]

Brooklyn Bridge

Brooklyn Bridge

¶ Wells Fargo has announced an integrated strategy to address global social, economic and environmental challenges. The company made new commitments in home and small business lending, community investment, operational efficiency, and corporate philanthropy through 2020. [Justmeans]

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