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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TVA faces federal scrutiny over climate goals, electricity rates
NASHVILLE - The Tennessee Valley Authority is facing federal scrutiny about its electricity rates and climate action.
Members of the House Committee on Energy and Commerce are “requesting information” from TVA about its ratepayer bills and “out of concern” that TVA is interfering with the deployment of renewable and distributed energy resources.
“The Committee is concerned that TVA’s business practices are inconsistent with these statutory requirements to the disadvantage of TVA’s ratepayers and the environment,” the committee said in a letter to TVA CEO Jeffrey Lyash.
The four committee members — U.S. Reps. Frank Pallone, Jr. (D-NJ), Bobby L. Rush (D-IL), Diana DeGette…
