Venezuela to spend $15 billion on energy
Energy Minister Ali Rodriguez said the projects will add 15,000 megawatts by 2015.
Venezuela imposed power and water rationing in December because a severe drought is threatening to drop water levels behind the important Guri Dam to critical lows. The dam supplies most of the country's electricity.
Critics have accused President Hugo Chavez of failing to invest enough in electrical projects to meet growing demand.
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LONDON - If we want a shot at transitioning to renewable energy, we’ll need one crucial thing: technologies that can convert electricity from wind and sun into a chemical fuel for storage and vice versa. Commercial devices that do this exist, but most are costly and perform only half of the equation. Now, researchers have created lab-scale gadgets that do both jobs. If larger versions work as well, they would help make it possible—or at least more affordable—to run the world on renewables.
The market for such technologies has grown along with renewables: In 2007, solar and wind provided just 0.8%…
