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Industry News 2004 P18



GE 1.5 MW wind turbine technology selected for Austrian wind project
GE Energy is bringing its 1.5 MW wind turbine technology to Austria, where interest in wind-generated power is growing rapidly. A groundbreaking ceremony was recently held in Parndorf, Austria for GE's first 1.5 MW wind turbine project in the country.

Big leap in production of power generation equipment in China
China's production of power generating equipment has risen sharply this year, because of severe power shortages across the country, according to the China Machine-Building Industry Federation.

British Energy to seek delisting
UK nuclear generator British Energy today signalled its intention to delist its shares on both the London and US stock markets. The company is in fierce battle with rebel shareholders over the rescue plan, approved by the EU Commission yesterday.

Director appointed at PB Power
International consulting engineers PB Power have appointed a new Business Development Director. Mike Allison will have responsibility for business development within the company's Power Networks and Energy and Utility Strategic Consultancy operations in Europe, Africa and the Middle East.

EU Commission approval British Energy rescue plan
The UK Secretary of State for Trade and Industry Patricia Hewitt today welcomed the decision by the European Commission to approve the Government's restructuring aid to British Energy plc, subject to certain compensatory measures.

Homeowners Bullish on Onsite Power in North America, as International Markets Begin to Grow
Distributed energy (DE) is making inroads into residential markets in North America and beyond. This may come as a surprise to many, as the market for on-site power generation has long been focused on the commercial and industrial sectors. However, new research from Primen, a subsidiary of EPRI, finds that in a recent 12-month period, nearly one million onsite generators were sold to households for either their primary residences or vacation homes.

UK increases solar funding
The UK government has confirmed its commitment to green energy with another tranche of funding for solar energy, towards its stated aim of building a renewables industry to rival those in Germany and Japan.

Wind power could provide breath of fresh air in a world of high oil prices, says S&P report
High oil prices in 2003-2004 have prompted more intense political interest in the alternatives provided by renewable energy, particularly wind power, according to a report released today by Standard & Poor's Ratings Services.

Verbund stays Austrian Power Solution implementation pending investigations
Austrian utility Verbund said today it had suspended negotiations for the implementation of the "Austrian Power Solution", a power trading grouping to cover the Austrian market, in the face of massive public criticism.

Kuwait Finance House to invest $1.3bn in new Bahrain complex
Kuwait Finance House announced on Sunday a $1.3bn venture for establishing a mega complex for production of petrochemical materials, power and water due to be launched in Bahrain by the middle of 2005.

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