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E.ON intends to close down two nuclear reactors at Oskarshamn power plant in Sweden

German energy group E.ON said Tuesday it envisages decommissioning two of three nuclear reactors at OKG Aktiebolag’s Oskarshamn power plant in Sweden, blaming low profitability.

read more... 24/06/2015

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Fukusima is turning to offshore wind power

Japan has officially announced a huge floating wind turbine of 7 MW, the largest offshore turbine in the world, located about 12 miles off the coast of Fukushima, in the port of Onahama.

read more... 23/06/2015

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Serbia to restructure its state-owned utility Elektroprivreda Srbije

Serbia is eyeing a 200 million-euro ($227 million) loan from the European Bank for Reconstruction and Development (EBRD) to help restructuring its power utility Elektroprivreda Srbije (EPS).

read more... 23/06/2015

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Daily: European prompt power prices tumble on stronger supply, nuclear reactor return

Crude oil prices curbed losses to close slightly higher on Monday as a short-covering ahead of the front-month contract expiration in U.S crude spurred the market weakened by concerns about increasing gasoline stockpiles. Initially, oil prices were also influenced by worries about the potential fallout from the Greek debt crisis, counterbalancing positive impact from a stockpile draw at the Cushing, Oklahoma. Brent crude rose by 32 cents, or 0.5 percent, to settle at $63.34 a barrel, after easing almost $1 earlier. WTI crude boosted 7 cents, or 0.1 percent, to close at $59.68 a barrel, as its front-month July contract expired.

read more... 23/06/2015

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UK government to halt prematurely financial support for onshore wind

The British government unveiled it will end Renewables Obligation (RO) subsidy regime for new onshore wind power projects from April 2016, a year ahead than originally planned.

read more... 22/06/2015

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