Latest news
UK: Twenty gas-fired stations to be build by 2030
UK is planning to build twenty new gas-fired power stations which will add 20GW of generating capacity to the national grid by 2030 amid a considerable increase in consumption of the fossil fuels, according to the climate and energy secretary, Ed Davey.
read more... 28/09/2012
Daily: Brent crude above $112 on Spain’s economic reforms
Brent crude oil firmed above $112 on Friday following economic reforms announced in Spain which have temporarily eased investor concerns about Europe’s debt crisis, while the intensification of tensions between Israel and Iran also backed oil prices.
read more... 28/09/2012
Europe achieves 100 GW of installed wind power
The European Wind Association (EWEA) announced the EU has reached 100 GW of installed wind power capacity on Thursday 27 September. This capacity represents an average year’s power for 57 million households and it took the sector 20 years to reach its first 10 GW, but only 13 years to add the other 90 GW. Half of the existing capacity has been installed over the last six years.
read more... 28/09/2012
Iberdrola to sell a stake in UK power grid to reduce its debt and finance further investments
Spanish power company Iberdrola, which owns the Scottish Power, is envisaging the sale of a minor stake in its UK power grid, valued at 4.5 billion pounds ($7.3 billion), as a strategy to reduce its debt and to fund the upgrade of Scottish electricity transmission grid.
read more... 28/09/2012
UK to become a net power exporter by 2020
Britain could become a net exporter of energy within 8 years due to increasing renewable energy production and the construction of new interconnectors that will contribute to provide more power to its neighbors.
read more... 27/09/2012