Latest news
France’s government announces gasoline price cut to boost its economy
France’s finance ministry announced that gasoline and diesel fuel prices will drop up to six cents per liter, about 4 per cent of actual pump prices, move aimed at fulfilling a key campaign pledge of President Francois Hollande. This temporary initiative will cost the French government $375 million.
read more... 05/09/2012
Bulgaria to announce further cuts in solar feed-in tariffs
According to the State Energy and Water Regulatory Commission, Bulgaria has agreed further cuts to guaranteed rates for new solar power installations. Last June, the country has already halved the tariffs as the costs of building solar generating facilities have suddenly plunged.
read more... 04/09/2012
Daily: Oil prices up above $116 on stimulus hopes
Oil prices continued to increase for a fourth consecutive day, above $116 per barrel, on hopes for further stimulus measures from central banks in the United States and Europe, and a sluggish restart in the Gulf of Mexico after Hurricane Isaac. By 08:27 GMT, Brent crude futures rose 30 cents to $116.08 a barrel, after reaching as high as $116.36 earlier in the session. Meanwhile, U.S. crude futures rose 53 cents to $97 a barrel from Friday's settlement. U.S. markets closed on Monday for the Labor Day holiday.
read more... 04/09/2012
Turkey looking for Turkmen gas for TANAP
Taner Yildiz, Turkish Minister for Energy, has said that Turkmenistan is likely to join Azerbaijan in supplying gas into the Trans-Anatolian Pipeline (TANAP) through Turkey to the EU border thus helping to reduce Europe’s reliance on Russian gas.
read more... 04/09/2012
Italian photovoltaic market
The Italian peninsula stands today for the land of solar energy, due to the rapid expansion of photovoltaics, placing Italy first in the world ranking for new solar plants installed. For 2011 a total of 3 to 5 GW installations were estimated, but the forecasts have been surpassed with the connection of about 9.3 GW of PV systems, in part as a result of the installations which were not connected at the end of 2010.
read more... 04/09/2012