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DECC: UK solar PV sector is pivotal in renewable energy expansion
UK Minister of Energy and Climate Change (DECC) Greg Barker has unveiled a new “Solar PV Energy Roadmap”, with solar energy playing a key role in the UK’s renewable energy expansion.
read more... 09/10/2013
Daily: British gas drops by 4 pct on oversupplied market
Crude oil prices on both sides of the Atlantic rose on Tuesday as geopolitical risk returned into the markets, even as the dollar index turned positive after a mid-morning phone call between U.S. President Barack Obama and U.S. House Speaker John Boehner over the budget crisis. Meanwhile, Brent increased by 48 cents to settle at $110.16 a barrel, after earlier recording gains of over $1. U.S. oil traded 46 cents higher to $103.49, after earlier gaining over $1.
read more... 09/10/2013
UK: National Grid reveals that the risk of blackouts this winter is the highest in the last 5 years
National Grid warned that the UK is at its highest risk of blackout this winter in more than five years. The demand for electricity could reach 95% of available supply if the country would be affected by a cold snap. The National Grid has said that this year the safety margin will be just 5%, being the lowest predicted since 2007.
read more... 08/10/2013
PV installations worldwide to reach 41 GW in 2014
Photovoltaic installations worldwide are expected to rise at their fastest pace in the last three years next year, reaching more than 40 GW and generating installation incomes of about 86 billion dollars. PV installations in 2014 are likely to rise by 17-18 percent, increasing from 15 % of last year and 13 percent in 2013. The highest rate of growth was last registered in 2011 with a 35 percent increase.
read more... 08/10/2013
Daily: Crude oil prices pare losses after pipeline resumes activity
Crude oil prices on both sides of Atlantic pared losses on Monday as operations of the Seaway oil pipeline delivering crude oil from Cushing, Oklahoma to Gulf Coast refineries, resumed after a short shutdown. Cushing represents the delivery point for the U.S. oil futures contract. Meanwhile, U.S. crude oil dropped by 81 cents to settle at $103.03 a barrel, after trading close to $2 a barrel lower at $101.86 earlier in the session. The contract dipped below the 100-day moving average of $102.45. Brent crude futures pared earlier losses to settle 22 cents higher at $109.68 per barrel, after earlier trading as low as $107.89.
read more... 08/10/2013