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EU is on the pace to dismiss its 2020 renewable energy target
The EU's overall goal of increasing the role of renewable energy to 20% of consumption in 2020, with each member country having its specific one, is still unachievable, the European Union's executive body declared on Wednesday.
read more... 28/03/2013
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
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
Rosneft is tripling oil supplies to China
Russia's top oil producer OAO Rosneft signed an agreement with China to increase crude oil deliveries, reinforcing energy relations between Russia, the world's largest energy producer, and China, the biggest consumer. Russian state-owned oil major Rosneft intends to tripling supplies to China to 1 million barrels a day via the Eastern Siberia–Pacific Ocean oil pipeline.
read more... 25/03/2013
Centrica inks the first LNG deal with U.S.
British energy giant, Centrica has entered into an import deal with North America's Cheniere Energy , being the first natural gas agreement with U.S.
read more... 25/03/2013