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Industry News 2008 P4



EU lawmakers back plan to separate energy giants and networks
European Union (EU) lawmakers have backed a plan to split energy giants from their electricity networks, putting them on a collision course with EU member states.

Oil price spike to drive EUA price to €32 over phase 2 - Point Carbon
Record high oil prices and a lower-than-anticipated supply of international carbon credits mean carbon allowances will trade at €32/tonne ($50) on average during the second phase of the European Union's cap-and-trade scheme, according to analysts Point Carbon.

Australia creating legal framework to store carbon under the sea
The Australian government is clearing the way for millions of tonnes of carbon dioxide to be stored under the sea.

Great Britain to miss renewable energy targets: report
Great Britain is set to miss its own renewable energy target and will also fail to meet European Union requirements unless it steps up action substantially, a parliamentary report said.

E.ON CEO says no new UK nuclear plants before 2018
E.ON chief executive Wulf Bernotat reiterated the German utility's interest in building nuclear power stations in Britain, but said it would take at least ten years before they could start operating.

Intel forms independent solar cell manufacturer SpectraWatt
Semiconductor major Intel has spun-off key assets of a start-up business effort inside its New Business Initiatives group to form an independent solar photovoltaic cell manufacturing company called SpectraWatt.

Ontario plans Darlington nuclear plant
Ontario's Liberal government says it plans to build nuclear reactors alongside the existing Darlington nuclear plant near Toronto.

BroadStar breakthrough with new generation turbine
A novel wind turbine design has been unveiled by BroadStar Wind Systems. The turbine, known as the AeroCam, is aimed at commercial applications. The machine will be available in 10, 250 and 500 kW designs and BroadStar says its 250 kW machine costs $250,000, the first to break through the $1/Watt cost barrier.

Vattenfall's Lars Josefsson elected new Eurelectric president
Swedish electricity industry top manager Lars G Josefsson is the new President of the Union of the Electricity Industry-EURELECTRIC, the association representing the electricity industry at pan-European level.

Seminole to continue construction on coal plant
Seminole Electric Cooperative said it received approval from Florida's Fifth District Court of Appeal to build a 750 MW clean coal generating plant in Florida.

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