Lightsource bp has secured 10 power purchases totaling 1.3 GW in the last 12 months
The firm reported on Wednesday that Lightsource bp - a renewable energy developer and a subsidiary of British oil giant BP - secured 10 power purchase agreement (PPA) in the last year, totaling 1.3 gigawatts of renewable energy capacity worldwide. Lightsource bp stated that the PPAs have been contracted in Europe, Americas and Asia Pacific for solar power.
Petrobras plans to have the Equatorial Margin ready by March, say sources
Two sources said on Monday that Brazilian oil company Petrobras plans to have a veterinary clinic in the Amazon ready to treat animals in case of an oil spill. Petrobras has not yet met the Ibama environmental agency's main demand, which is the animal care center for the state of Amapa in northern Brazil.
Brazil resumes hydropower exports to Argentina and Uruguay with the aim of increasing flow
Industry officials have confirmed that Brazil is resuming energy exports from its hydroelectric plants to Argentina and Uruguay due to the excess water they have in their reservoirs as a result of heavy rains. The government also aims to improve the competitiveness of the sales. Brazil's exports…
AEP considers a $10 billion increase in its five-year capital expenditure plan to meet data center demand
American Electric Power said on Thursday that it would consider adding $10 billion to the $54 billion capital plan, which is a record. The demand for data centres in the Midwest and Southern service areas of this U.S. utility has increased. The U.S. Power Companies have raised their capital investment…
Brazil's Lula will meet with the Environment Agency to discuss Petrobras' bid for drilling near the mouth of Amazon river
Brazil's president Luiz Inacio Lula Da Silva will meet with the environmental agency Ibama this week or next to discuss Petrobras bid to drill near the mouth the Amazon river for oil, he said to a local station on Wednesday. Lula, who defended Petrobras’ bid to explore the area, said in the interview…
FTSE 100 drops as a stronger sterling hurts export-focused companies; Burberry soars
The UK's FTSE 100 fell on Friday as a rise in sterling hurt firms that export. Burberry, however, soared, after a strong U.S. Holiday season helped the luxury company beat its quarterly sales targets. The blue-chip FTSE 100 fell 0.3% at 1214 GMT but was still on track for its fifth consecutive week of gains.
US AI Task Force co-chair requests FERC support for co-located Data Centers - Letter
According to a Dec. 5 letter, a co-chair of Congressional Artificial Intelligence Task Force in the U.S. urged federal energy regulators to support the creation of data centers that are directly connected to power stations, citing national safety and competition to dominate global AI. U.S. Congressman…
Brazil's prosecutors press Petrobras to conduct more Amazon drilling studies
Brazilian federal prosecutors have asked Petrobras, the state-run oil company, to conduct more studies before drilling near the Amazon rainforest coast, citing the potential effects of extreme weather conditions on tides. Documents filed Monday with environmental agency Ibama show that the prosecutors cited the possible effects of extreme weather conditions on tides.
Blockchain enables firms to offer physical uranium for sale to small investors
On Tuesday, a blockchain platform and an uranium company launched a market to allow small investors buy physical uranium. They hope to increase spot liquidity for the niche commodity. Uranium prices have risen in recent years due to a rise in investor interest and the reduction of miner output. This is because utilities are looking for new sources of this mineral…
Eletrobras Santo Antonio Power Plant bounces back after Brazil's historic drought
Santo Antonio is one of Brazil's biggest hydroelectric plants. Its head said that the plant had survived an extreme drought. He credited the plant's resilience with a series of measures which kept it running, even at record low water levels. According to the Brazilian geological service, Santo Antonio…
BNP Paribas Funds to exclude new Oil and Gas Bonds
BNP Paribas Asset Management has announced that it will no longer be investing in new bonds issued in November by companies engaged in oil and natural gas exploration and production. According to the document, French asset managers said their policy was to help oil and gas companies transition to sustainable sources of energy…
Philippines communities challenge dash for fossil gas
The government claims that LNG is an alternative to coal, and the capacity to generate it is required to meet the energy demands of Luzon Island, which is also home to Manila, the capital city, located 110 km (68 mi) north. Many people in Santa Clara, an area adjacent to the port's terminal, claim that respiratory illness has increased dramatically…
US natgas manufacturers chase AI-driven surge of power demand to weather low price
Shale gas producers are contacting data-center operators in the U.S. Permian Basin to build up the capacity needed to power an AI boom. They want to relieve the pressure of a two-year-old slump in prices. Devon Energy, Expand Energy Diamondback Energy and Permian Resources highlighted the potential…
Solar power in favelas of Brazil hopes to shine under G20 spotlight
Residents of Morro de Babilonia in Rio de Janeiro, one of the underdeveloped "favela" neighborhoods, rarely discuss geopolitics. But as the city prepares to host the leaders of the Group of 20 on Monday, they hope that a project of the locals' will find its way into the spotlight. Babilonia, a small community in Rio de Janeiro…
The pledge of financing by the Development Bank gives COP29 an early boost
COP29 negotiators have welcomed a commitment by major development bank to increase funding for poor and middle-income nations struggling to combat global warming. This is a positive start to the two week summit. The World Bank and a group of lenders announced on Tuesday that they would increase the finance amount to $120 billion in 2030.
US regulators reject amended agreement on interconnect for Amazon Data Center
A filing on Friday showed that U.S. Energy regulators had rejected an amended agreement to interconnect an Amazon datacenter directly with a nuclear plant in Pennsylvania. Federal Energy Regulatory Commission members said that the agreement to increase capacity of the Talen Energy Susquehanna nuclear…
U.S. regulators consider the issue of data centers in power plants
The Federal Energy Regulatory Commission held a technical meeting on Friday to discuss the reliability and cost concerns associated with the growing trend of building data centers that are energy-intensive on the site of U.S. nuclear power plants. The technology industry is racing to build data centers…
Wall St. ends lower than expected as Meta and Microsoft highlight AI costs
The major U.S. indexes ended lower on Thursday, after Microsoft and Meta Platforms pointed out that artificial intelligence costs could impact their earnings. This dampened the enthusiasm for megacaps which have been driving this year's market rally. Microsoft and Meta Platforms, which own Facebook…
Ibama, Brazil's Ibama, seeks information on Petrobras Amazon project and rejects suggestions to kill it
Documents seen by on Tuesday showed that the head of Brazil's environment agency Ibama decided not to reject a Petrobras request to drill near Amazon River, even though experts at the agency recommended the request be rejected. According to regulatory documents, Ibama's Rodrigo Agostinho asked Petrobras…
Petrobras 2025-2029 Strategic Plan likely to reach $110 billion, sources claim
Two sources with knowledge of the matter said that the new Petrobras strategic plan would include investments worth $110 billion for 2025-2029. This represents an increase of 8% over its previous multi-year projection. Sources said that executives are still finalizing the plan, which Petrobras expects to release by late November.
