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Solar and offshore wind capacity objectives of Spain to be lowered

Spanish solar and offshore wind capacity targets have been reduced, though keeping the goal of deriving 20 percent of its electricity from renewable energy.

read more... 16/06/2010

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New contract for GDF Suez in Saudi Arabia

The French energy giant announced about the signing of a new contract for the construction of a 1730 MW power plant in Saudi Arabia. The new plant would be built as an Independent Power Project (IPP), 125 km west from Saudi Arabia capital, Al Riyadh. Simultaneously, GDF signed the contract to sell the electricity produced at this plant to Saudi Electric Company (SEC). The duration of the contract is 20 years.

read more... 16/06/2010

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European spot prices decreased on weather forecast

European spot prices decreased last two days on cooler weather forecast and larger power supply.

read more... 16/06/2010

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The power capacity in Germany expected to increase by 12.3%

Power producers and transmission companies reported to energy exchange EEX that German power plant availability is expected to increase by 12.3% to 60,894 megawatts (MW) in the week to June 18, according to data from the bourse published on Friday.

read more... 15/06/2010

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Main projects of Plinacro, Croat gas pipeline operator

Plinacro, Croatia's state-owned gas pipeline operator has decided to invest more into infrastructure and is in discussions to participate in various European energy projects, according to its chief executive on Monday.

read more... 15/06/2010

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