Latest news
Vestas to reach 3000 MW of installed capacity in Italy
Vestas has achieved 3000MW of installed capacity in Italy, which accounts for 40% of the total installed wind energy in the country and 25% of its renewable energy obligation under EU 2020 targets.
read more... 31/10/2012
Europe's long-term gas contract disputes
European energy companies faced with falling profits are turning up the pressure on long-term suppliers such as Russia and Qatar to amend long-term, oil-indexed sales of gas. Recession and market liberalisation measures by the European Commission have caused oil and gas prices to diverge, costing utilities billions. Disputes, re-negotiations and arbitration have led producers to temporarily grant discounts on gas supplies. Some have lowered prices and others have linked supplies to prices at Europe's freely traded spot gas trading hubs. Some utilities also want greater flexibility by being able to reduce supplies beyond minimum contracted levels during times of low demand. Many negotiations are still under way.
read more... 31/10/2012
Daily: Brent oil down due to Hurricane Sandy
Brent crude futures decreased on Monday because of a temporary drop in refinery consumption on the East Coast, due to the hurricane Sandy, which could temporarily curb demand for crude in the region. Brent December crude dropped by 11 cents and settled at $109.44 a barrel, after having traded from $108.51 to $110.26.
read more... 30/10/2012
London Array produced its first power
One of the world’s largest offshore wind farm, the London Array project, has delivered its first power to the grid last week. The wind farm which is situated in Thames Estuary, around 20 km off the coasts of Kent and Essex is being developed by a joint venture between Dong Energy, E.ON and Masdar.
read more... 30/10/2012
A €280 million solar thermal power plant inaugurated in Spain
The Madrid-based infrastructure company Fomento de Construcciones y Contratas (FCC) has achieved the construction of its first solar thermal power in Spain.
read more... 30/10/2012