Latest news
New legislation likely to slow down Bulgaria’s wind market
The Bulgarian government is likely to approve the new legislation for renewable energy that could deprive of courage the wind industry financial support, disturb the country’s market and induce among investors higher risks in terms of feed-in tariffs and capacity allocation.
read more... 10/11/2011
Siemens won a 900 million dollars order
Siemens won a significant order for the development of six wind power projects in Americas worth 900 million dollars. The total capacity will reach more than 670 MW and will provide green power for more than 200,000 households.
read more... 09/11/2011
France likely to cut nuclear power by 2030
The French Electricity Union (UFE) announced on Monday, that by cutting the share of nuclear in French’s energy mix to 50 percent by 2030, down from three quarters at present, would account for 60 billion Euros. Also, the move could induce a significant increase in bills by about 33% for households and by 41 percent for businesses compared to 2010.
read more... 09/11/2011
Nord Stream opened by Merkel and Medvedev
The Nord Stream project was officially opened on November 8, in the German town of Lubmin, by the German Chancellor Angela Merkel and the Russian President Dimitry Medvedev. The new gas pipeline will deliver Siberian gas directly to German gas consumers under the Baltic Sea bypassing the transit countries such as Ukraine and Poland.
read more... 09/11/2011
Daily – oil mixed on political uncertainty in Italy
Crude oil futures were mixed on Tuesday following the political uncertainty in Italy that could worsen the euro zone debt crisis and worries over Iran’s nuclear program. NYMEX crude for December delivery traded at 96.80 dollars a barrel, gaining 1.28 dollars a barrel, having set the utmost front-month closing price since July 28 when it closed the session at 97.44 dollars. By 17:37 GMT, ICE Brent crude for December delivery traded at 114.47 dollars, losing 9 cents.
read more... 09/11/2011