Ireland to set its first geothermal energy project

08/06/2010 09:11 Renewable

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Energy Developers GT Energy and ESB International have recently created a partnership thus making Ireland to enter the geothermal energy market.

In 2010, Ireland has reached its goal of getting 15 percent of its energy from renewable resources, targeting 40 percent by 2020. According to Padraig Hanly, the managing director of GT Energy, geothermal energy might turn into the main source to be used for the Irish power grid as most of the installed generation capacity of new projects is below 5 MW. As the Sustainable Energy Authority of Ireland has recently indicated, wind energy continued to develop, representing two thirds of the power generation deriving from renewable sources in 2009.

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Crude oil prices inched higher on Wednesday, stimulated by upbeat economic comments from Jerome Powell, the Chair of Federal Reserve. A drop in U.S. crude stocks and a positive outlook on oil markets from OPEC also supported prices. On this background, WTI futures rose by 0.6% to $57.12 a barrel, while Brent crude edged 0.5% higher at$62.37 a barrel.

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Moldovagaz and Gazprom agree new gas supply contract in principle

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Moldovagaz has agreed in principle a 3-year extension to its existing supply contract with Gazprom, the Moldovan company said, Platts reported.

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Mirova fund raises €857m for renewables

14/11/2019 08:55:00

Mirova has announced the final close of an €857m fund to invest in clean energy projects.

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