Tokyo Electric Power to construct solar plant in U.S.
CALIFORNIA - Tokyo Electric Power's U.S. subsidiary Eurus Energy Holdings plans to construct a solar power plant in the state of California, reported Agence France-Presse, citing the Nikkei business daily.
According to the report, the company intends to benefit from incentives expected to be provided by the new U.S. government to boost solar power generation. The company plans to start operations at the 1,000kW plant by 2010.
Earlier, the U.S. government announced that it had allocated $38 billion for investments in the environmental and energy sectors and $20 billion in tax incentives to provide impetus to private investment in this sector.
Related News
Ireland announces package of measures to secure electricity supplies
DUBLIN - Ireland's Cabinet has approved a package of measures to help mitigate the rising cost of rising electricity bills and to ensure secure supplies to electricity for households and business across Ireland over the coming years.
The package of measures includes changes to the Public Service Obligation (PSO) levy (beyond those announced earlier in the year). The changes will result in rebates, and thus savings, for domestic electricity bills over the course of the next PSO year beginning in October. This further reduction in the PSO levy occurs because of a fall in the relative cost of renewable energy, compared to…
