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Vestas unveils a further 3,000 jobs cut
Vestas, the Danish wind turbine maker, announced it will cut a further 3,000 jobs, planning to reduce its total headcount to 16,000 by the end of 2013.
read more... 08/11/2012
Poland gets cheaper gas from Gazprom
The Polish energy group PGNiG has reached an agreement with Russia’s natural gas monopoly Gazprom on the reduction of prices for the supplied natural gas to the country.
read more... 08/11/2012
UK’s electricity grid needs an investment of 1.6 billion pounds to switch to a smart grid
UK‘s electricity grid is facing the biggest challenge since 70 years and will need an investment of up to 1.6 billion pounds ($2.56 billion) to switch to renewable energy capacity, according to a report commissioned by the Energy Networks Association (ENA) on behalf of the Department for Energy and Climate Change (DECC) and the industry regulator Ofgem. The report comes amid growing concern over Britain’s future ability to meet electricity demand.
read more... 08/11/2012
Daily: Brent and U.S. crude futures settle 3% higher after election day rally
Brent and U.S. oil crude futures climbed more than 3 percent on Tuesday, increasing for a second consecutive session and receiving support from an election-day rally in the U.S. stock market.
read more... 07/11/2012
China files WTO complaint over EU solar energy subsidies
China has filed a complaint with the World Trade Organization (WTO) against photovoltaic solar subsidies in Italy and Greece which are in breach of international agreements.
read more... 07/11/2012