June 18, 2009
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Energy & Renewables Newsletter June 18, 2009 |
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| This Week´s Featured News Stories |
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Siemens & Munich Re to study US$555bn solar project
Siemens AG, Germany’s biggest engineering company, and Munich Re are holding talks with utilities on developing solar plants in the Sahara desert to supply 15 percent of Europe’s power needs by mid-century. The discussions, which include German power companies RWE AG and E.ON AG, as well as Deutsche Bank AG, are in the early stages, Siemens spokesman Marc Langendorf said this week. Turbines built by the Munich-based manufacturer may be used, he said. The German companies want to harness a free fuel source that’s plentiful in one of the world’s poorest regions and sell the power to industrialized ... |
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China halts US$30bn hydropower project
A $30bn plan to build a string of hydropower stations along the upper reaches of the Yangtze River has been halted by China`s Ministry of Environmental Protection. It took action after dams in Yunnan province built by two of the country`s biggest power companies, China Huaneng and China Huadian, were ruled as illegal. In January, Huaneng completed work on a dam on the Jinsha River, in China`s southwest, in order to build its Longkaikou hydropower plant. That same month, Huadian constructed a dam on the Jinsha for its Ludila hydropower facility. However, neither dam had received prior ... |
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