Latest news

EBRD and Proparco offer $116 million to Egyptian solar sector

Egypt has received funding for the development of two solar power projects, worth $116 million.

read more... 24/08/2017


Drax accelerates plans for coal conversion to gas

Britain's Drax, which once owned Europe's most polluting coal-fired power plant, is accelerating plans to transform one of its six units to gas and could offer for a capacity contract as early as 2019, as stated by its chief executive on Wednesday.

read more... 20/07/2017


At least five companies likely to bid for Gas Natural's Italian assets

At least five energy and infrastructure companies are likely to place non-binding offers for the Italian assets of Spain's Gas Natural, as stated by two sources close to the matter on Friday, adding foreign funds were also looking at the agreement.

read more... 26/06/2017


UK: Ofgem will reduce subsidies for small power generators

Britain’s energy regulator Ofgem declared on Tuesday it will cut subsidies to several small electricity producers that offer back-up during peak demand. According to Ofgem, this move would reduce household electricity bills by around 20 pounds a year, since the cost of the subsidies is included in overall network fees charged to power companies, which these pass on to consumers.

read more... 20/06/2017


Statkraft will start sale of its stakes in two UK wind parks

Norway's state-owned electricity company Statkraft will this month offer for sale its stakes in two wind parks off Britain's coast, Sheringham Shoal and Dudgeon, and wants to reach an agreement early in 2018, as stated by a spokesman for the firm on Tuesday.

read more... 15/06/2017