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  • TOKYO, July 22- Japan's use of nuclear power is unlikely to meet a government target of returning to near pre-Fukushima levels and the world's No.3 economy needs to get serious about boosting renewables, a senior executive at a top business lobby said. Under Prime Minister Shinzo Abe's energy policies, nuclear is supposed to supply a fifth of energy generation...

  • SEOUL, South Korea— South Korea's central bank said North Korea's economy shrank 1.1 percent last year, in its first contraction in five years. Since Kim Jong Un took power following the death of his father in late 2011, North Korea's economy has averaged about 1 percent growth annually. The South Korean central bank estimates North Korea's economic growth...

  • MOSCOW, July 21- A state tender for a company to build and operate a power plant in southern Russia attracted no bids partly because firms feared falling foul of EU sanctions should any electricity be diverted to nearby Crimea, industry sources said. The planned plant is primarily designed to supply power to the Krasnodar region of southern Russia, but according...

  • SAO PAULO, July 20- Large private and foreign groups will displace Brazil's state-led power companies in upcoming energy auctions, causing consumer electricity bills to rise as the BNDES development bank cuts long-standing loan subsidies for the domestic industry. Analysts say greater participation of foreign investors and lenders will make Brazil's...

  • July 20- Tesla Motors Inc Chief Executive Elon Musk said Wednesday he will roll out a new master plan for the electric luxury car maker this evening, after hints he intends to make Tesla a renewable energy enterprise offering products and services beyond vehicles. Musk told more than 4 million Twitter followers that a "post should go live on Tesla website" around...

  • HONOLULU— People in Hawaii are talking about what's next for the state's largest utility now that a merger between NextEra Energy and Hawaiian Electric failed. "What you've seen on the neighbor islands, on the Big Island, on Maui, even here on Oahu... is how to transition that utility model to be one that is locally controlled, is accountable to the people, will look out...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • *European hopes pinned on Rotterdam project. ROTTERDAM, Netherlands/ GHENT, Belgium, July 19- A scheme to collect millions of tonnes of greenhouse gases and bury them under the North Sea off the coast of Rotterdam is Europe's best hope of showing it can make carbon capture and storage technology work. Rotterdam, Europe's largest port, is the home to the sole survivor...

  • They argued that utility National Grid's deal to purchase power from the wind farm violated federal law and would result in a significant increase to their electric bills. The five-turbine wind farm is currently being constructed by Deepwater Wind just offshore from Rhode Island's Block Island. The Rhode Island Manufacturers Association sued National...

  • ACCRA, July 18- Ghana has cut its 2016 economic growth forecast sharply to 4.1 percent from 5.4 percent due to lower export prices and irregular oil production, Finance Minister Seth Terkper told Reuters on Monday. Ghana, which also produces cocoa and gold, is following an International Monetary Fund program to restore fiscal balance and spur growth, which...

  • *Follows wave of deals in Europe's offshore wind sector. FRANKFURT/ LONDON, July 15- Canada's Enbridge and Australia's Macquarie are vying for a 49.9 percent stake in EnBW's 2 billion euro offshore wind park project Hohe See, three people familiar with the deal told Reuters. With a planned capacity of 500 megawatt, Hohe See is one of Europe's largest offshore wind...

  • WASHINGTON/ NEW YORK July 14- Republican Donald Trump's expected selection of Indiana Governor Mike Pence as his running mate cheered the U.S. energy industry and dismayed green advocates on Thursday, with both sides citing Pence's support for coal mining and defiance of President Barack Obama's climate-change agenda. "Governor Pence has been a vocal...

  • July 14- Privately held wind power developer Deepwater Wind has proposed supplying Long Island with 90 megawatts of offshore wind energy, the company said on Thursday. The Long Island Power Authority is expected to officially vote on the proposal next week, the company said in an email. New York State Governor Andrew Cuomo said in a statement that at a meeting...

  • WASHINGTON, July 12- The U.S. Senate on Tuesday voted to work on a compromise with the House of Representatives on what could become the broad energy legislation passed by Congress in nearly a decade. The Senate voted 84 to 3 to go to formal conference with the House on legislation to take modest steps on modernizing the power grid, speeding the permitting of...

  • *Japan expected to cut emphasis on nuclear in next energy plan. Two out of Japan's 42 operable reactors are running, but a local governor who won election on Sunday has vowed to shut those units down. Residents have lodged injunctions against nearby nuclear plants across Japan and lower courts have been increasingly siding with them on safety concerns.

  • PARIS, July 11- A French government advisory committee has recommended that France increase taxation on coal-fired power plants, or set stiffer carbon emissions standards, to encourage a shift to gas-fired plants to reduce carbon emissions. France currently chairs the United Nations climate negotiations COP21 and is looking to introduce measures that...

  • PARIS, July 11- A French government advisory committee has recommended that France increase taxation on coal-fired power plants, or set stiffer carbon emissions standards, to encourage a shift to gas-fired plants to reduce carbon emissions. France currently chairs the United Nations climate negotiations COP21 and is looking to introduce measures that...

  • FRANKFURT/ MADRID, July 7- General Electric and German wind turbine maker Senvion are preparing bids for French wind power group Adwen, which is jointly owned by Spain's Gamesa and France's Areva, people familiar with the matter said. German industrials group Siemens is due to take over Gamesa's 50 percent stake in Adwen as part of its 1 billion euro deal to buy a...