Latest news
Daily: European power prices trade up at three-week high on EU carbon talks
Brent boosted by nearly $2 per barrel on Friday as traders covered short positions and expectations over the conclusion of an agreement in Geneva which could lessen sanctions against Iran. In early trade, Brent reached a four-month low, surging nearly by $2 per barrel to a high of $105.38. The contract settled $1.66 per barrel higher at $105.12 after trading as low as $102.98, the weakest level since early July.
read more... 11/11/2013
Top five biggest offshore wind farms in the world
Total offshore wind capacity in Europe stands now at 6,040 MW in 58 wind farms across 10 countries, up from 4,336 MW in June 2012. However, UK remains the world leader in terms of offshore wind capacity.
read more... 08/11/2013
Daily: Brent slips on Iran nuclear negotiations
Brent crude oil futures dropped nearly by two percent on Thursday, registering a third consecutive day of losses on stronger dollar and talks between Iran and the West over Tehran’s controversial nuclear program which added pressure to prices. Brent dipped $1.78, or 1.7 percent, to settle at $103.46 a barrel, losing $2 to trade as low as $103.24, its lowest level since July 2. Meanwhile, U.S. oil settled 60 cents lower at $94.20 a barrel after registering its biggest one-day percent gain in more than one month in the previous session when figures showed a larger-than-expected draw from gasoline stocks.
read more... 08/11/2013
RWE to lay off 2,500 jobs in Germany amid falling wholesale prices
RWE, the second largest utility in Germany, is envisaging cutting 2,500 jobs in its power generating business in Germany amid falling wholesale prices, while criticizing subsidies for renewable energy generation.
read more... 08/11/2013
UK’s offshore wind sector hits a record-breaking year
The UK’s offshore wind power sector hit a record breaking year in terms of installed new capacity, according to Renewable UK’s the most recent report, “Wind Energy in the UK”.
read more... 08/11/2013