Renewable energy industry welcomes Bill UK

The Bill in the British electricity market for years marked the biggest shake up and leads new market mechanisms designed to promote investment.

Introduction the House of Commons on Wednesday, Energy Minister Ed Davey m/s said that "we are on the cusp of a Renaissance in British energy," and added that "the United Kingdom for investments in the energy sector is open."

The headline, which are aspects of the law, that it includes no carbon emissions target for 2030 - this until 2016 - been delayed was and a control framework levy was introduced, the utilities to raise ?7 billion by 2020--customers tariffs for low-carbon investments go allow.

Other important market mechanisms are to be introduced contracts for difference - a purchase price for each megawatt hour generated - for all generators of low-carbon energy, which is guaranteed by a Government-backed body, known as the counterparty.

RenewableUK, a trade body representative of the wind and marine energy, welcomed the long-awaited publication of the law.

Its Director Gordon Edge policy said that the Bill "would provide a strong framework for investments."

"The Bill provides that welcome clarity about as contracts for difference is allocated, the financial risk on the developer to reduce." We welcome also the changeover to a counterparty, to write to the treaties. Reduce this risk and lower the cost of capital."

The renewable energy Association welcomed the Bill. When the Chief Executive Gaynor Hartnell pointed out that "The devil is in the details to be" added they add: "If the new regime is sensitively implemented, consumers and green generators should both win.

"Electricity customers will pay only what is necessary to shift the UK towards a more sustainable and secure energy supply in the future." This is because, with these new contracts when the price of electricity increases, required the amount of subsidy, can fall.

"Generators should receive a stable price, unless they reach the fair market price for their electricity. Therefore, we have a route to market that guarantees this. "

Jeff Champman, Chief Executive of CO2 capture and storage associations, said the Bill "Much more confidence among companies, which develop the Foundation for a worldwide leading industry Britain's first CCS projects and give would."

Tony Ward, power & utilities partner at Ernst & young, said the promulgation of the law "marks the opening of the final chapter in the British electricity market of reform process" and added to the the fact that the Ministry of finance and the Department of energy "finally have an agreement that has retained much of the long-term intention behind the reform is welcome and will be a relief for potential investors and existing asset owners alike."

"The announced measures most keep the desire, reach our goals until 2020 emissions and renewable energy, meet and at the same time confirm the potential role of gas in our fuel mix and moderation of consumer Bill rises, the delicate balance," he said.

He conceded that the Bill "without doubt a certain compromises reflected" but said that "the UK seems finally back on track, environment the much needed stability and confidence in the energy policy framework to be."

He added: "it may not be until fall 2013 before this law code, so will be achieved maintaining confidence in the safe passage of vital importance."

"As ever and ever, be ironed out or completely articulated information." Is it inevitable that in the coming days, the questions about certain elements are raised such as just like the contracts for difference counter party work, whether the capacity actually used market and, if so, whether it is rewarding new simply existing assets or incentives? Government and industry should work together closely, to deliver on this information."

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World Petroleum Congress Welcomes 5,000 Delegates With Support Of 50 Global Petroleum Companies

AppId is over the quota AppId is over the quota Browse related articles   The World Petroleum Congress, held at the Qatar National Convention Centre (QNCC), will welcome more than 5,000 delegates, including 500 speakers and panel constituents, more than 50 ministers of various member countries, around 500 top executives representing energy companies and allied businesses and hundreds of international journalists.

Additionally, the World Petroleum Congress 2011 has confirmed the support of over 50 companies, including some of the world's biggest brands such as partners and sponsors of the event. This includes international oil companies (IOCs) and the national oil companies of several countries, as well as multinational leaders in analytics, law, marketing and communication.

Mr. Issa Bin Shahin Al-Ghanim, Chairman of the Organizing Committee for the 20th WPC stated "The World Petroleum Congress being hosted in Doha is a great achievement for the State of Qatar and underscores the region's growing role in global energy. So, I would like to say that we represent the people of the region with great honour."

"These partners and sponsors are working closely with the Organizing Committee to take the message of the congress to the world. We are fortunate to have established long term relationships with many of our sponsors and plan to continue that trend as we get closer to the 20th WPC," added Mr. Al Ghanim.

This is the first time since its establishment in 1933 that the World Petroleum Congress will be hosted in the Middle East. This is the forum for the region's top energy stakeholders to showcase advancements across the range of their operations, as well as for representatives of the Middle East to prove their growing credentials in a highly competitive market.

The World Petroleum Council is the only international organization representing all aspects of the petroleum sector and was established in 1933, with the intent to promote the management of the world's petroleum resources for the benefit of mankind. The World petroleum Council's prime function is to catalyze and facilitate dialogue among leaders in the petroleum industry whether from within the region or outside the region concerning key technical, social and environmental management issues in order to seek solutions for those issues.

Headquartered in London, the World petroleum Concoil includes 66 member countries from around the world representing over 95% of global oil and gas production and consumption. Membership in the council is unique as it includes both OPEC and non-OPEC countries with representation of National Oil Companies (NOC's) as well as Independent Oil Companies (IOC's). Each country has a national committee made up from representatives of the oil and gas industry, academia and research institutions and government departments. Governing body is the Council consisting of representation from each of the national committees.

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Tel: +202 330 48 560/ 1/2/ 3-
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NASDAQ welcomes leading renewable oil company Solazyme

NEW YORK, may 27, 2011 GLOBE NEWSWIRE)-the NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) announced today that trade with Solazyme, a renewable oil company and a leader in industrial biotechnology, on the NASDAQ Stock Exchange on Friday, may 27, 2011 started. Solazyme is under the ticker symbol (NASDAQ: SZYM) listed and one is high by most expected renewable oil of IPOs of the year.

"NASDAQ OMX is a pioneer in the field of clean energy, such as our comprehensive family of indexes for the global green economy (https://indexes.nasdaqomx.com/green.aspx)," said Bruce Aust, Executive Vice President and head of NASDAQ OMX corporate client group. "Solazyme an example of the type of the most innovative and forward-thinking companies that thrive on our Exchange." "We are thrilled that welcome them on the NASDAQ Stock Exchange and look forward to just their continued growth and success in the future."

Solazyme is a renewable oil company and leader in industrial biotechnology. 2003 Founded and headquartered in South San Francisco, Solazyme's proprietary technology is to transform a number of low-cost plant sugar in high-quality oils.  Solazyme's oils and fuels offer convincing solutions of fuel scarcity, energy security and environmental impact for increasingly complex problems while fitting into the existing infrastructure.

NASDAQ OMX is the choice for the clean energy community and 72% of companies listed on the NASDAQ Stock Exchange NASDAQ clean index (CELS) contain edge green energy. NASDAQ OMX offers almost 70 green economy in addition to the investment community CELS indexes that help, companies, investors and policy makers to understand and profit from clean technologies.

About NASDAQ OMX

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It provides trading, Exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions companies all over the world, including their US offers market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX first North and the U.S. 144A sector. The company offers trading across multiple asset classes such as equities, derivatives, debt, commodities, structured products and exchange traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central value securities depositories points in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Exchange in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. * Follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).

NDAQG

Contact: Alexandra Honeysett Alexandra.Honeysett@nasdaqomx.com + 1 646 441 5211 Jen Knapp Jennifer.Knapp@nasdaqomx.com + 1 212 401 8916

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