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Overview of the Chinese coal market in 2010
World coal production is expected to rise considerably by 2027 to 5.1 billion tons. In 2008, the Chinese industrial sector consumed 22% of the global coal consumption and 41% of the world’s power production.
read more... 06/07/2011
German investors await British nuclear decision
German energy companies such as, EON and RWE, wait for a final political decision as to know how to proceed with its future investments into the construction of nuclear power plants in the UK. Meanwhile, German newspapers cited that the two German companies see the plans development costs as too high, expecting to invest 16 billion euros.
read more... 06/07/2011
China to boost its wind power industry to 30 GW by 2020
China plans to increase its installed offshore wind power capacity to 5 GW by 2015 and to 30 GW by 2020, according to news agency Xinhua, citing National Energy Administration. China seeks to complete a public tender for the second half of the 2012, which will take place in the first half of 2012.
read more... 06/07/2011
Daily energy Overview, Tuesday, July 5, 2011
U.S. crude oil futures recovered after a long holiday weekend, increasing over 2 percent on Tuesday as commodities went up on demand optimism. U.S. crude oil for August delivery traded at 96.89 dollars a barrel, up 1.95 dollars after a trading range from 94.34 and 97.48 dollars, and having hit the highest value for front-month U.S. crude since June 15.
read more... 05/07/2011
Scottish renewables to sustain country’s economic growth
A new 2020 Renewables Routemap was approved last week by the Scottish Government, an important step to move toward the development of a large-scale biomass renewable energy project in the Western part of Scotland. According to the Lifetime Recycling Village team, it could make the country a green European country.
read more... 05/07/2011