Latest news
SSE hit by doorstep sales halting and derivatives losses
The UK energy supplier Scottish and Southern Energy (SSE) posted 87% drop in its annual pre-tax profits, from £2.1bn to £268.5m, blaming its loss on doorstep sales halting and derivatives losses, after it was convicted for mis-selling.
read more... 17/05/2012
Nord Stream might be expanded
The expansion of the Nord Stream pipeline infrastructure should be considered as to meet the EU’s rising demand for imports of natural gas over the next decades as well as to secure gas supplies under existing contracts.
read more... 17/05/2012
Spanish firm to make a huge investment in solar energy project in Chile
Spanish Eosol Energy revealed its plans to build a major solar photovoltaic energy project in Tocopilla, in northern Chile.
read more... 17/05/2012
UK favors the shift from renewable to new CO2 targets
According to the UK energy and climate chief, Edward Davey, Europe should focus on cutting carbon emissions rather than dealing with a set of green policy targets that expire at the end of the decade.
read more... 16/05/2012
Severe electricity taxes cuts in Brazil to stimulate economic growth
In the wake of Brazil’s perseverance to stimulate its economic growth and its aspirations to low prices for businesses, Dilma Rousseff, the President of Brazil, plans to slash and streamline electricity costs for power producers and distributors.
read more... 16/05/2012