China set for additional 1,650MW of wind power
INNER MONGOLIA - A Middle-Eastern investment fund is set to turn 2.2m sq metres of Mongolian steppe into a £1billion collection of five wind farms.
Arcapita Bank, a Bahrain investment firm, has acquired Chinese wind energy generation firm, Honiton Energy Holdings, which will spearhead the plan for the development.
The giant Inner Mongolian project will cover five different sites and generate around 1,650 MW of power, increasing ChinaÂ’s wind power generation from around 6,000 MW to 7,750 MW. Arcapita has linked up with Singapore-based Colossus Holdings for the project.
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DALLAS - U.S. Air conditioning related electricity usage will break records and may cause blackouts in Texas this summer. Power grid operators are forecasting that electricity supplies will exceed demands during the summer months.
Most of Texas will face severe electricity shortages because of hot temperatures, air conditioning, and a strong economy, Bill Magness the president of the Electric Reliability Council of Texas (ERCOT) told the Associated Press. Magness thinks the large numbers people moving to Texas for retirement will increase the demand for air conditioning and electricity use. Retired people are more likely to be home during the day when…
