Solar 21 Renewable Energy Ireland Ltd, a Dublin-based investment firm has acquired another Italian solar park, bringing to seven the number of solar parks that the Irish company holds in Italy, after it has acquired another six solar projects which were owned by AEG Power Solutions, in November last year.
read more... 25/03/2013
Russia's top oil producer OAO Rosneft signed an agreement with China to increase crude oil deliveries, reinforcing energy relations between Russia, the world's largest energy producer, and China, the biggest consumer. Russian state-owned oil major Rosneft intends to tripling supplies to China to 1 million barrels a day via the Eastern Siberia–Pacific Ocean oil pipeline.
read more... 25/03/2013
Brent crude oil futures increased on Friday in choppy trading on uncertainty about the financial turmoil in Cyprus which hit markets and on the back on weaker dollar which added support. Meanwhile, Brent May crude boosted 19 cents, or 0.18 percent, to settle at $107.66 a barrel, having traded from $106.90 to $107.96, however registering a weekly loss of $2.16, or 1.9 percent.
read more... 25/03/2013
British energy giant, Centrica has entered into an import deal with North America's Cheniere Energy , being the first natural gas agreement with U.S.
read more... 25/03/2013
The European Investment Bank has decided to grant a loan of about 500 million euro aiming to help finance upgrades to seven of France's high-voltage and very-high-voltage power grid projects through 2016, the funds will help guarantee the quality and security of France's electricity supply, and would allow the country to add new-generation and renewable sources to its grid counting also a major investment in renewable energy sources.
read more... 22/03/2013