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Northern Powergrid receives £250 million loan from EIB to upgrade its infrastructure

The European Investment Bank (EIB) has agreed to provide GBP 250 million for investment over two years by Northern Powergrid to upgrade electricity distribution infrastructure and reinforce the electricity network.

read more... 15/02/2016

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Europe added 12.8 GW of new grid-connected wind capacity in 2015

In 2015, the 28 EU member states connected a total of 12.8 GW of wind power to the grid, according to the European Wind Energy Association (EWEA).

read more... 11/02/2016

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Gamesa and Siemens discussing final terms of wind fusion

German engineering conglomerate Siemens and Spanish renewable energy group Gamesa are in final talks on a transaction to merge their wind power assets, as stated by two sources familiar with the situation on Wednesday.

read more... 11/02/2016

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Daily: European electricity spot prices soar on higher consumption in France, lower wind power output

WTI crude prices declined 2 percent on Wednesday as inventories at the main U.S. delivery point at Cushing, Oklahoma touched record highs following production cuts at refineries, while Brent boosted for the first time in five days on global production reduction outlook. U.S. crude eased 49 cents, or 1.8 percent, to close at $27.45 a barrel. It soared more than $1 earlier before plunging to near 12-year lows on the EIA data. Brent crude rose 52 cents, or 1.7 percent, to settle at $30.84 a barrel. It was Brent's first increase since February 2.

read more... 11/02/2016

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RWE npower will cut UK household gas prices by 5.2%

RWE's British division npower intends to cut domestic gas prices by an average of 5.2 percent starting from March 28, as stated by the company on Monday.

read more... 09/02/2016

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