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Are oil prices going to ease on higher output and slower economy? (IEA)
The world could see a gradual easing of oil prices over the next five years due to sluggish economic growth and rising energy efficiency and as production increases steeply in Iraq and North America, the International Energy Agency said last Friday.
read more... 16/10/2012
SunEdison to build Europe’s largest solar power plant in Italy
SunEdison, a global provider of solar-energy services, a division of MEMC Electronic Materials,Inc. WFR will develop and construct a 72 MW photovoltaic solar power plant in northeastern Italy, near Rovigo.
read more... 15/10/2012
Vattenfall to build a new coal-fired power station in Germany
Vattenfall has begun operations at its new coal fired power station in Saxony, Germany. The 675 MW Boxberg R plant will be fuelled with local brown coal from a nearby eastern German mining area and will cost about 1.29 billion dollars to build.
read more... 15/10/2012
Daily: Brent crude futures settle lower on Friday after IEA cuts demand outlook
Brent crude oil futures settled at $114.62 a barrel on Friday, down $1.09 a barrel after the International Energy Agency (IEA) cut its demand growth outlook. Meanwhile, U.S. crude futures for November delivery dropped 21 cents on Friday to settle at $91.86 a barrel after the IEA forecasted an eventual decline in oil consumption growth.
read more... 15/10/2012
Germany to reform the renewable energy subsidy system
German Chancellor Angela Merkel’s government is planning to cap taxpayer subsidies for renewable energy once installations’ capacity passes a fixed nation threshold, a move aimed to limit costs for consumers from phasing out nuclear power.
read more... 15/10/2012