Latest news
Iberdrola to sell a stake in UK power grid to reduce its debt and finance further investments
Spanish power company Iberdrola, which owns the Scottish Power, is envisaging the sale of a minor stake in its UK power grid, valued at 4.5 billion pounds ($7.3 billion), as a strategy to reduce its debt and to fund the upgrade of Scottish electricity transmission grid.
read more... 28/09/2012
Germany’s KfW Bankengruppe to invest 100 billion euro in renewable energy
Germany’s KfW Bankengruppe is facilitating renewable energy and energy efficiency investments in Germany and decided to lend 100 billion euro over the next five years. This boost is aimed to decrease investment risk and accelerate the country’s shift to renewable energy.
read more... 13/08/2012
UK accepts investments from gas and oil firms
The UK government has announced a series of investments by oil and gas companies that will develop a new research centre and will create thousands of jobs all over the UK. Six separate announcements include plans for new oil and gas fields in the North Sea in a £1.4 billion project which is supposed to supply around 5% of the UK's gas production from 2015. Each announcement represents a different project that is to be built.
read more... 10/08/2012
Enel to cut costs in order to reduce debt
Enel plans cuts in its dividend payouts and investments over the next five years in order to diminish its debt and keep its credit rating. Mentioning over the share price fall, Fulvio Conti, the chief executive announced the 2012-16 business plan which establishes lower expected growth targets amid a cloudy outlook for Italy and Spain which was needed to clear the situation.
read more... 09/03/2012
Wind power takes fright as government reviews subsidies
The bright future of British wind power is currently under review as government is seeing to review the subsidies. According to Offshore Wind Developers Forum, it has recently guaranteed that British companies should provide more than half of the content of the UK’s future wind factories. If optimistic predictions for the sector are borne out, offshore wind industry could spark 3 billion pounds investments in the UK supply flow by 2022, sustaining over 45,000 long-term jobs.
read more... 29/02/2012