Why nuclear? Nordic renewables electricity now too low for fresh investment
Investors are pulling back from wind farms in Nordic nations as the lowest electricity prices in 12 years cut the profitability of new projects.
Breaking news and analyst commentary on the ever-changing energy sector in South Africa. Including conventional and renewable energy sectors and the latest energy producing and storing technologies.
Investors are pulling back from wind farms in Nordic nations as the lowest electricity prices in 12 years cut the profitability of new projects.
Renewables are a lone bright spot in South Africa’s struggling power industry.
Energy Minister Tina Joemat-Pettersson now says ‘they’re not in a hurry’ to finalise the funding model for the proposed $100bn nuclear project.
President Jacob Zuma opened SA’s first new power plant in 20 years on Sunday, warning that the country’s perennial energy shortages, hampering economic growth.
Buffett’s Berkshire Hathaway has been buying shares in Phillips 66. The value of this investment now exceeds a $3.7bn stake in oil supplier Exxon Mobil.
Plans to build new nuclear plants are encountering mounting opposition from within the government and ruling party over the project’s affordability.
Kelvin Kemm says a new nuclear power station in South Africa is near, with construction set to start in 2016.
Utility and power grid managers in the U.S. are learning that the best way to cut carbon emissions and improve efficiency is the easiest: Just change your lightbulbs.
Investors still betting on an oil price-led rebound for energy stocks like South African fuel-from-coal producer Sasol might consider Buffett’s warning.
The Obama administration is giving the struggling U.S. nuclear industry a glimmer of hope with changes to its carbon emission rules that mean new reactors will count more toward meeting federal benchmarks.