Latest news
Poland: coal demand could be reduced by 50% by 2030
Poland is one of the fastest-growing economies in the European Union and the power that drives it comes from the dirtiest of fossil fuels- coal. But, according to a new study made by researchers in Germany and Poland, renewable energy groups and environmental group Greenpeace, Poland could reduce by almost 50% its demand for coal by 2030 shifting to wind, solar, hydro, biomass and geothermal energies.
read more... 27/12/2013
Danish wind group Vestas secures service contract extension with ScottishPower Renewables
Vestas, the world leader in wind energy, has secured a two-year service agreement contract from ScottishPower Renewables for five wind power plants in Scotland. The plants would have a total capacity of 120MW and 162 of Vestas’s V47 and V52 wind turbines. The two-year contract extension includes an option for a third year.
read more... 26/12/2013
RWE won’t extend contracts with two coal-fired power plants
Yearly, this year, RWE announced it intends to mothball or to shutdown some of its gas and coal-fired power stations because of an increase in renewable energy. The company said a boom in solar energy meant many of its power stations were no longer profitable. A RWE spokesman said that a total of 3,100 megawatts of generating capacity will be taken off line, representing about 6% of RWE's total capacity.
read more... 24/12/2013
Daily: European spot power prices drop ahead of Christmas holiday
Crude oil prices hit a three-month high on Friday, backed by spread trading and supply worries. Brent crude rose $1.48 to settle at $111.77 a barrel. Meanwhile, U.S. oil rose 28 cents at $99.32 a barrel.
read more... 23/12/2013
Spain to increase electricity bills by 10.5 % in January
Spanish electricity bills are expected to climb by at least 10.5 percent in January, after a new benchmark price for power being set in an auction, representing a major blow for already cash-strapped consumers.
read more... 20/12/2013