Latest news
Britain’s nuclear future
Britain spelled out its aims for nuclear power, committing funds to a sector it expects to create 40,000 jobs while lowering the country's carbon emissions and its reliance on costly energy imports.
read more... 28/03/2013
Bulgaria to switch off 40% of wind, solar power capacity
The Bulgarian authorities will switch off about 40% of its wind and solar power plants in order to equilibrate a power system in danger of instability following a considerable excess of capacity after a drop in consumption and exports.
read more... 27/03/2013
China: Power production from wind increased more than coal in 2012
According to new statistics released by China Electricity Council, power production from wind increased more than from coal in 2012. Fossil-fired production of electricity increased 0.3 % last year, an addition of about 12 terawatt hours (TWh) of electricity, at the same time as wind-generated electricity grew 35.5% to 26 TWh, while solar-generated electricity reached a cumulative 3.5 terawatt-hours. Under China's 12th Five Year Energy Plan (2011-2015), the objective for renewables is to supply 30% of electricity-generating capacity, while coal plunges from 70% to 65% of energy production.
read more... 27/03/2013
Daily: European spot power prices increase on cold snap
Crude oil futures increased on Monday in choppy trading after a bailout deal for Cyprus improved the sentiment for fuel demand in the euro zone. Meanwhile, Brent May crude traded up 51 cents to settle at $108.17 a barrel, having traded from $106.80 to $109.07. U.S. May crude rose $1.10 to settle at $94.81 a barrel, above the 50-day moving average at $94.38 and having hit $95.65 during the session. Brent's premium to U.S. crude settled lower at $13.36 a barrel based on settlements, with the spread narrowing to $12.85 during the session, the narrowest since early July.
read more... 26/03/2013
Solar 21 acquires another Italian solar park
Solar 21 Renewable Energy Ireland Ltd, a Dublin-based investment firm has acquired another Italian solar park, bringing to seven the number of solar parks that the Irish company holds in Italy, after it has acquired another six solar projects which were owned by AEG Power Solutions, in November last year.
read more... 25/03/2013