Latest news
Daily: European coal posts a slight recovery along with other markets
Brent crude oil futures increased above $103 a barrel on Friday, registering the first monthly hike in five months, after comments from Federal Reserve governors that the Fed is not hurrying to scale back its massive bond-buying program. Meanwhile, Brent crude oil futures added 18 cents to $103 a barrel by 02:51 GMT, after dropping to a session low of $102.44 earlier as investors sold off gains from the previous session. U.S. crude oil increased 11 cents to $97.16 a barrel.
read more... 01/07/2013
Scotland: Iberdrola has completed Europe’s largest onshore wind farm
ScottishPower Renewables, a subsidiary of the Spanish energy group Iberdrola Renovables, has announced it has completed the expansion of the Whitelee onshore wind farm in Scotland, located south of Glasgow. The capacity of the project has been enlarged from 322MW to 539MW installing 75 wind turbines manufactured by the French company Alstom.
read more... 01/07/2013
India to become world’s largest coal importer in 2014
India could become the world's main importer of coal for power stations by the next year as China burned the fuel in 2012 at the slowest pace since 2008 and is trying to shift to green energy alternatives, meanwhile India is burning coal at the fastest pace in the last 30 years.
read more... 01/07/2013
UK menaced by blackouts of power within 2 years
According to the energy watchdog Ofgem the risk of power blackouts in UK has doubled in the last year, as the country is facing an energy crunch which will cause an increase of the energy bills. The supply crisis is the result of Britain forcing old coal and oil plants to shut down supporting projects of new green wind farms and nuclear plants.
read more... 01/07/2013
UK to pay offshore wind developers triple market electricity price
Under a subsidy program to boost renewable energy that by 2020, the UK is engaged to pay offshore wind developers triple the market price for electricity they generate at £155 per megawatt-hour, move that will cost consumers 7 .6 billion pounds ($11.6 billion) a year.
read more... 28/06/2013