Latest news
China installed a record 18000 megawatts of new wind capacity in 2011
According to the Earth Policy Institute (EPI), China installed a record 18,000 megawatts of new wind capacity in 2011, raising its total capacity to nearly 63,000 megawatts and spreading its lead in the global wind power sector.
read more... 22/03/2012
Daily – U.S. crude ends higher on surprise stock draw
Crude oil futures went up on Wednesday as U.S. government data indicated a surprise drop in domestic crude stocks previous week, but gains were limited with investors cautious after Saudi Arabia’s pledge on Tuesday to meet any supply deficit.
read more... 22/03/2012
Shell and CNPC to jointly explore the Chinese shale gas block
The energy major, Royal Dutch Shell has inked the first-ever production-sharing contract with China’s CNPC in order to explore and produce shale gas from the Fushun-Yongchuan shale gas block in the Sichuan Basin, China.
read more... 22/03/2012
British Gas reports a 30% drop in annual profits due to a milder winter
British Gas, the leading energy and home services provider in the United Kingdom, has reported a 30% decline in annual profits to £522million for last year, despite price increases of up to 18%, due to milder temperatures this winter which reduced the energy demand.
read more... 22/03/2012
Switzerland launches new feed-in tariffs taking effect on March 1
At the beginning of February, Switzerland’s Department of the Environment, Transport, Energy and Communications announced the new feed-in tariffs for renewable energy considering steadily changing costs. The new feed-in tariffs for photovoltaics, wind power and biomass from timber came into force on March 1, 2012. PV power will receive lower feed-in tariffs by 10 percent. Wind power feed-in tariffs were tweaked, while woody biomass power will benefit of slightly higher FITs. Other technologies will get the same feed-in tariffs.
read more... 21/03/2012