The Government of United Kingdom
is anticipating to reduce the public spending and to slash the inflating
budget; this slash is expected to be performed on the solar energy sectors. If
the government cut downs the investment towards the solar energy, this will
lead to a major setback in the emerging low-carbon technology in the Britain.
The low-carbon technology in the Britain is already moving at the slower pace
than the Green technologies, the Green technologies are one of the fast growing
and emerging technology in the Europe.
Japan based Sharp, has invested
nearly $ 47.93 million in the United Kingdom solar company Wrexham, sited near
the Liverpool, the aim of the Sharp was to twofold its manufacturing efficiency
but currently it is worried by the government plan towards the cutting down in
its multi-billion pound solar energy investment. The feed-in-tariff was introduced by the
previous labor government to encourage small scale renewable energy and power
projects, the feed-in-tariff scheme received more funding by the state
government for solar power plants.
One of the largest energy
producers in the United Kingdom the BP Plc declared that, it is not ready to
sell its Vietnam gas field stocks to the Indias Oil and Natural Gas
Corporation, since it is looking forward to transfer its stocks to its
subsidiary associate. Robert Dudley, the
new Chief Executive Officer of the BP, made a visit to India to meet the
Reliance Industries head Mukesh Ambani, Tata Power chairman Ratan Tata and the
Oil Minister of India, Murli Deora in Mumbai. Robert Dudley discussed with
Mukesh Ambani and Ratan Tata about the currently working projects in the BP
with these two companies.
Robert Dudley declared that it BP
will be joining hands with Reliance Industries Limited in an NELP Deep Sea
Block, these two companies are looking forward to embark on the seismic service
and the BP will be joining hands with Tata Power to set up a solar project in
Bangalore. The interest showed by the Oil and Natural Gas Corporation of India
for purchasing the stocks of the BPs Vietnam gas project, the final decisions
are not been made, and if the decision is taken BP will transfer it funds to a