Latest news
Investment in new nuclear declines to five-year low
Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.
read more... 19/07/2018
EIB to back renewables in Belgium, Spain, Portugal
The European Investment Bank (EIB) has approved more than EUR 3.4 billion (USD 3.96bn) in financing for clean energy projects globally, among which is an offshore wind farm in Belgium.
read more... 19/07/2018
Daily (18.07.2018): German spot power price dropped by almost 5% on Tuesday, on stronger wind generation and reduced demand
Oil prices increased on Tuesday, due to a decline in stocks and as two of four processing terminals in Venezuela are likely to close because of scheduled maintenance this month. Brent crude rose by 0.5% to $72.16 a barrel. However, WTI crude was almost steady at $68.08 a barrel.
read more... 18/07/2018
China set to fully control Portugal’s power grid amid Europe’s inertia
China is set to make further inroads into European infrastructure, as a state-owned company attempts to gain full control of Portugal’s power grid.
read more... 18/07/2018
Cuadrilla completes drilling of second horizontal shale gas well in UK
This second horizontal well, drilled through the Upper Bowland shale at an approximate depth of 2,100m below the surface, extends laterally for some 750 metres through the shale gas reservoir.
read more... 18/07/2018