Trading in certificates that guarantee reserve power capacity in France, Europe’s second biggest electricity market, may start as early as November, according to CRE, the nation’s energy regulator.
The African Development Bank is in talks with Nigerian officials to boost the value of its partial- risk guarantee for power industry investments by $200 million this year.
A delay of more than a few months to the U.K.’s planned auction of back-up power capacity may hold up construction of new power plants and trigger brownouts, according to National Grid Plc.
Cargill Inc., the largest closely held U.S. company, will stop trading in European power and natural gas and global coal markets after oversupply and slowing demand dragged down prices.
Siemens AG, Europe’s largest engineering company will invest 160 million pounds ($264 million) in a wind turbine factory in northern England to tap the world’s biggest offshore wind market.
Persistent gas shortages at power stations in Nigeria, Africa’s second-biggest economy, halved electricity output, delaying the start of a market-driven industry due this month, an energy regulator said.
Israel Electric Corp. should offer a 15 percent stake to the public and sell off power stations to save the indebted state-owned utility, according to a government panel.
Suntech Power Japan Corp., a unit of China’s Wuxi Suntech Power Co., plans to expand beyond marketing solar panels to generating electricity for sale to retail customers in Japan.
The Spanish government is considering increasing subsidy payments to under-used gas-fired power plants to deter utilities from shuttering them, according to two people briefed on the discussions.
The U.K. risks power shortages because utilities may react to Europe’s toughest carbon- emissions rules by closing plants without replacing them.