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Daily: European spot electricity prices ease on robust renewable production in Germany and France
Crude oil prices declined for a second consecutive day on Friday as some investors took profit on a hike to seven-month highs while others concerned about robust production with market hovering close to $50 a barrel. Brent crude eased 27 cents, or 0.5 percent, to settle at $49.32 a barrel. It climbed to $50.51 in the previous session, its highest level since early November. U.S. crude shed 15 cents, or 0.3 percent, to close at $49.33. It reached an October high of $50.21 on Thursday. On the week, Brent posted a 1 percent increase and U.S. crude about 3 percent, spurred by gains from earlier this week.
read more... 30/05/2016
Big oil companies to invest in green energy
Big oil companies are stepping up its investments in renewables and clean energy, being hit by declining oil prices and plunging profits.
read more... 26/05/2016
Germany got 100% renewable power for a day
Renewable energy has briefly touched and slightly surpassed 100% on Sunday, marking a milestone for Chancellor Angela Merkel’s “Energiewende” policy to spur renewables while phasing out nuclear and fossil fuels.
read more... 17/05/2016
Major oil explorer Eni embarks on renewable energy expedition
Italian oil major Eni, which has generally made little investments in green energy taking into consideration its success in discovering oil and gas, plans renewable energy projects in Italy, Pakistan and Egypt.
read more... 13/05/2016
Renewables could transform the heating sector in Europe by 2040
Renewable sources could supply 49% of the energy used to heat Europe’s households by 2040, reducing natural gas demand and helping to slash carbon dioxide emissions, said the U.S. energy consulting firm IHS.
read more... 13/05/2016