Latest news
Swiss grid will exploit Alpine hydro plants to counterbalance nuclear shutdown
The Swiss power grid operator has informed utilities that they may have to increase energy production from high-mountain hydro plants this winter since nuclear reactors stay closed and there is not sufficient transformer capacity to take on enough green power from Germany.
read more... 03/12/2015
EU declares Latvia should open up its gas market
Latvia should open its gas market to competition and comply with EU rules now the country can access alternative supplies, on account of a key pipeline modernization in neighbouring Lithuania, as stated by the European Commission to the Baltic state in a letter.
read more... 03/12/2015
Daily: Crude oil prices plunge on supply glut, on higher interest rate expectations
Brent crude dipped to nearly seven-year low and WTI crude plunged under $40 a barrel on Wednesday, after the U.S. government unveiled a 10th consecutive weekly hike in crude supplies and on expectations from a higher interest-rate by the central bank later this month. Brent crude declined by $1.95, or 4.4%, to settle at $42.49 a barrel on London’s ICE Futures exchange, the lowest settlement since March 2009. WTI crude for January delivery eased $1.91, or 4.6%, to close at $39.94 a barrel on the New York Mercantile Exchange.
read more... 03/12/2015
Europe’s largest solar farm launched in France
French energy group Neoen launched yesterday the biggest photovoltaic power plant of Europe, having a power capacity of up to 300 MWp peak.
read more... 02/12/2015
Germany’s RWE to split off its renewables business
German utility RWE is envisaging restructuring its business, spinning out of renewable energy, grids and retail business areas into new subsidiary. It is to be listed on the stock market in late 2016.
read more... 02/12/2015