2 November 2015 2015 01:31 AM GMT

Mitsubishi Corp. Units in JV to Develop 15-MW Geothermal Project

Two Mitsubishi Corp. units, Mitsubishi Materials Corp. and Mitsubishi Gas Chemical Co., will set up a 15-megawatt geothermal power plant in northern Japan’s Iwate prefecture.

The plant will be operated as a joint venture between the two companies. Media reports say the plant is expected to start operating in 2022. Mitsubishi Corp. last May announced that is partnering Kyushu Electric Power Co. to conduct surveys on geothermal power in Minamiaso Village, Kumamoto Prefecture in southwestern Japan.

December 27th 2017
Rooftop PV Presents a $23 Billion Opportunity in India Over The Next 5 Years

India is accelerating development of renewable energy projects to provide cheap, reliable and clean power to its 1.3 billion people. The country’s per-capita on-grid electricity consumption has increased significantly over the four years; due to increased industrial activity, higher uptake of electrical appliances by residential electricity users and the addition of new consumers to the grid. During this period, the cost of electricity from rooftop PV has halved, due to fierce competition in the market and a drop in equipment prices. In contrast, average retail electricity rates have increased by 22% in the same period. This has made rooftop PV cheaper than commercial and industrial grid tariffs in all major states in India.

January 10th 2018
US: Doubling Of Wind & Solar Capacity Possible By 2020 as Coal & Nuclear Drop

In the latest issue of its “Energy Infrastructure Update” (with data through November 30, 2017), the Federal Energy Regulatory Commission (FERC) notes that proposed net additions to generating capacity by utility-scale wind and solar could total 115,984 megawatts (MW) by December 2020 – effectively doubling their current installed capacity of 115,520 MW.  The numbers were released as FERC prepares for a January 10 meeting to consider U.S. Department of Energy Secretary Rick Perry’s proposal for a bailout of the coal and nuclear industries.


 

   

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