Latest news
Siemens obtains first funding for Egypt power plant project
Egypt has obtained a first tranche of funding for an 8 billion euro ($8.5 billion) plan for power plants to be constructed by Germany's Siemens, as stated by the company and electricity ministry.
read more... 24/11/2015
CFO: Npower could be sold by its parent RWE, blaming customer loss
German utility company RWE envisages selling its British business Npower, as billing glitches triggered an exodus of customers, declared Bernhard Guenther, its chief financial officer (CFO).
read more... 23/11/2015
Norway: Grid operator orders temporary reduction in electricity consumption in Oslo
Norwegian grid operator Statnett on Friday ordered a provisional cut of electricity consumption by industries in Oslo from Sunday to avoid a power outage after a blackout that affected parts of the capital on Wednesday.
read more... 23/11/2015
Daily: European prompt power prices soar on cold spell forecasts
Brent oil edged 1% higher on Friday on short-covering before weekend, while WTI crude declined, but just above the $40-per-barrel threshold, struggling to defend after a hike in stockpiles. Brent futures rose 48 cents to close at $44.66 a barrel. It boosted to as high as $45.50 during its late rally. U.S. crude's WTI for December delivery expired on Friday down 15 cents at $40.39 after attaining a low of $38.99, the weakest since August 27. WTI for January delivery ended 18 cents higher at $41.90.
read more... 23/11/2015
Wind energy could surpass coal and gas as Europe's major power source by 2030
Wind energy might become the major source of electricity supply in the EU by 2030 if governments apply the right level of ambition in their climate and energy policies, as mentioned in the EWEA's latest report.
read more... 20/11/2015