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SunEdison keeps 127 MW of solar power regardless of revenue loss

The total revenue published by SunEdison for the fourth quarter of 2013 attained $551.2 million, or a decline of 8% year-over-year, according to Reuters. The decrease in profits of the semiconductor and solar technology company is primarily attributable to the fact that the firm had chosen to retain 127 megawatts of solar projects rather than to vend them.

read more... 24/02/2014

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Centrica profits drop since 2% of customers spread out

Centrica’s profits fell 2% in 2013, whereas profits at its residential supply division British Gas reduced by 6%, mainly because of intense political and media scrutiny on the energy sector in the UK, as stated by the company’s chief executive, Sam Laidlaw.

read more... 24/02/2014

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Shell vends Australian assets to Swiss Vitol for $2.9 billion

Oil major company Shell has vended Australian Geelong oil refinery, located south of Melbourne, and 870 filling stations to Swiss top global oil trader Vitol for $2.9 billion.

read more... 24/02/2014

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Daily: German power prices drop on stronger solar power output

Crude oil prices settled down on Friday, lightly washing out their sixth consecutive week of gains, dragged down by milder temperatures in U.S. after a cold snap, causing a selloff in heating oil.

read more... 24/02/2014

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Coal consumption keeps growing in China

China is dealing with a big air quality problem, so recently the Government has announced that they will reduce their coal consumption share from its current 67 percent to 65 percent by 2017. The country intends to convert coal in syntethic gas, but this will result in more carbon dioxide emissions released because converting coal to make synthetic gas and then combusting the gas to make electricity will double the amount of carbon dioxide emissions released in the atmosphere.

read more... 21/02/2014

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