Centrica has announced it intends to abandon plans to build a 2 billion pound offshore wind farm as it said that subsidies offered by the government are too low. The UK based energy company added also that it will not build the Race Bank wind farm unless the government enhances the projected subsidies.
read more... 04/11/2013
A consortium led by the French energy giant Total, with German firm Wintershall and Pan America Energy from Argentina will invest USD 1 billion (EUR 725.1m) to develop the Vega Pleyade offshore deep water natural gas field off the southern coast of Argentina.
read more... 25/10/2013
The German energy provide E. ON unveiled it started the construction of its Amrumbank West offshore wind farm in the North Sea.
read more... 24/10/2013
Noble Energy, Texas-based energy company, unveiled it has discovered a deposit of natural gas at the Levant basin off the coast of Cyprus.
read more... 07/10/2013
Solar power capacity installed all over the world this year is on the track to eclipse wind for the first time, spurred by new subsidies and policy support, according to a report provided by Bloomberg New Energy Finance (BNEF).
read more... 27/09/2013