Latest news
UK: National Audit Office blames DECC for generous renewable energy subsidies
A British parliament watchdog accuses the Department for Energy and Climate Change (DECC) having granted in April too generous subsidies, valued at 16.6 billion pounds, to eight renewable energy projects, without price competition, meaning that households could be forced to pay higher energy bills.
read more... 27/06/2014
Daily: UK winter gas plunges to the lowest level since October 2011
The European and U.S. crude oil benchmarks dropped on Thursday as worries about exports disruptions from war-devastated Iraq attenuated, allowing market participants to take some profits. Brent crude declined 79 cents to close at $113.21, its weakest settlement since June 16. U.S. crude fell 66 cents to end at $105.84, the lowest settlement since June 11.
read more... 27/06/2014
Total: First Danish shale gas exploration authorized
French energy major Total received the green light from a town in northern Denmark to start drilling first shale gas test wells in the Northern country where conventional gas production is depleting.
read more... 27/06/2014
Alstom to modernize the Russian electricity transmission and distribution grid
France’s Alstom, a world leader in transport infrastructure, power generation and electrical grid, has entered a 51/49 joint venture with Russia’s Soyuz Holding to manufacture and commercialize high voltage switchgear in order to modernize the Russian electrical grid. This agreement follows the memorandum of understanding signed in 2011.
read more... 26/06/2014
Italy announces retroactive cuts for solar PV incentives
The Italian government has published in the country’s Official Gazette a draft decree introducing retroactive cuts for PV incentives.
read more... 26/06/2014