Daily Archives: October 18, 2010

Kiran Stacey

The dispute between China and the US escalated this weekend, after China said the US probe into Chinese subsidies for alternative energy companies was little more than political posturing. Read more

Fiona Harvey

So farewell, then, Severn Barrage.
The idea of an electricity-generating barrage across the Severn estuary has been around for nearly as long as electricity generation itself. Writing on the subject several years ago, I was delighted to receive a letter from a reader who had been present at a public meeting to push forward work on such a barrage – in 1929.
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On the first day of Coal India’s much awaited $3.5bn share sale, which is set to be the country’s biggest IPO ever, the state-owned miner attracted $1.2bn of bids on Monday: a decent start for an offer that will close on Wednesday for institutional investors, and a day later for retail buyers. Read more

Kiran Stacey

I won’t write much about BP’s deal to sell $1.8bn worth of assets in Venezuela to TNK-BP, as that has been dealt with in some detail by Stefan Wagstyl on our Beyond Brics blog. But it is worth picking up a point that cropped up in both Stefan’s post and today’s Lex note on the issue. Read more

Kiran Stacey

The US government’s loan guarantee scheme has come under scrutiny in recent days after the collapse of the JV between Constellation and EDF for a new nuclear plant. But it appears the similar scheme for the solar energy industry is also coming under fire. Read more

FT Energy Source

- Huhne backs nuclear power surge – FT
- Severn barrage plan likely to be sunk – The Guardian
- IPO for Enel unit to test investor appetite – FT
- Cnooc’s overseas deals ‘may increase its credit risk – Bloomberg
- Constellation ready to transfer JV stake to EDF – WSJ
- Big subsidies for wind lead to four-year plan – FT
- Financing dearth holds back solar power in US – NY Times Green blog
- Germans face rise in green energy surcharge – FT
- Profit growth slows for oil companies – Argus
- Falklands oil failure as Desire comes up dry – The Telegraph
- Tudor seeks shale gas deals – FT
- Christophe de Margerie: A man in Total control – The Telegraph Read more