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China to invest in UK’s nuclear plants

Two Chinese state-owned energy companies are interested in buying E.ON and RWE's UK nuclear joint venture Horizon which was put up for sale in March, as China envisages building a huge number of new nuclear plants on its own territory, to replace some of its old and heavily polluting coal plants.

read more... 07/05/2012

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China reduces solar incentives on falling costs of components

The incentives for demonstration sun-power projects have been reduced this year in China by 21 percent due to slashing costs for panel components. The government has cut the feed-in tariffs to 5.5 Yuan (87 cents) a watt from the 7 Yuan set in February.

read more... 04/05/2012

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Daily – oil prices decline on lower economic growth

Crude oil futures decreased on Thursday and dropped below the 100-day moving average for the first time since January as signals of lower economic growth and rising OPEC output have driven oil prices down.

read more... 04/05/2012

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Japan to switch off the last nuclear reactor

On Saturday, Japan will switch off the last of the country's 50 running nuclear reactors, definitely abandoning a power source that once supplied a third of its electricity, leaving Japan without nuclear power for the first time since 1966, following last year’s devastating accident at Fukushima which has hit the public confidence.

read more... 04/05/2012

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France could reconsider shale gas fracking ban in the next years

According to the declarations of French economy minister Eric Besson on Thursday, France could review its ban on the hydraulic fracturing technique for the exploration of shale gas, if shale explorers are able to prove that the technique is not harmful to the environment.

read more... 04/05/2012

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