Latest news
China Wind Power and CNNC Rich Energy to add 700 MW of wind and solar projects by 2015
China Wind Power Group Ltd and CNNC Rich Energy have signed a strategic cooperation to invest in wind and solar energy projects with a target of some 700 MW by 2015. The two companies will jointly finance and develop 100 MW of renewable energy projects in 2013, a mix of solar and wind, and are targeting 200 MW of solar and 500 MW of wind projects in the next two years.
read more... 16/04/2013
How trading in the EU carbon market works
The ETS is the largest carbon market in the world, worth around $148 billion last year. It covers around 12,000 installations, such as factories and power plants in the 27-member European Union. Since Jan. 1 2012, the aviation sector was also included in the scheme. Around 85% of permits were given to airlines for free in 2012, but this free allocation will be reduced over the period 2013-2020. Many airlines have opposed inclusion in the scheme.
read more... 16/04/2013
Daily: UK spot gas price down as warmer weather cuts demand
Brent crude oil futures for May delivery, which are expiring soon, dropped more than 2 percent on Monday following data showing weaker Chinese economic growth, which reinforced fears about world economy and demand for oil. Meanwhile, Brent May crude dropped $2.72, or 2.64 percent, to settle at $100.39 a barrel, having fluctuated from $100.02 to $103.09. Brent crude for June delivery declined $2.41 to settle at $100.63 a barrel.
read more... 16/04/2013
Norway to delay gas tariff cuts amid major protests
Norway, which is Western Europe’s biggest gas exporter, has delayed its plans to cut tariffs on natural gas transported via the Gassled pipeline network, following protests coming from investors in the country’s pipeline system.
read more... 16/04/2013
Austrian OMV bought shares in Nabucco gas pipeline
Austrian OMV has acquired shares in the Nabucco West gas pipeline project from German RWE on 14 April. Both RWE and OMV have confirmed the deal but they didn’t provide any other information.
read more... 15/04/2013