Latest news
Wind Power JV: Siemens and Shanghai Electric
Siemens and the Shanghai Electric Group have announced a wind power joint venture. The long-awaited joint venture will include a wind turbine manufacturing company targeting global and Chinese markets. 51% of the venture is owned by Shanghai Electric and 49% by Siemens.
read more... 30/01/2012
Wind power passes 6 GW in UK
According to the trade association of renewable energy in UK, the national wind sector has hit a landmark 6 GW of installed capacity, enough to generate power to 3,354,893 homes. The Renewable UK’s Chief Executive, Mari Mc Caffery said this is a national achievement and there’s a further 19.5 GW of capacity under construction, consented or in planning.
read more... 30/01/2012
US to put a new lease of sale of the Gulf of Mexico blocks
Obama administration has decided to put a new lease of sale in the Gulf of Mexico with around 7250 offshore blocks for oil and gas exploration.
read more... 30/01/2012
Daily – U.S. oil above 99 dollars a barrel
U.S. crude oil settled over 99 dollars a barrel on Monday sustained by the shutdown of oil output in South Sudan and worries the OPEC member Iran could soon stop its exports. NYMEX crude for March delivery traded one cents up at 99.57 dollars a barrel by 00:02 GMT.
read more... 30/01/2012
Spain to slash subsidies for green energy
The Spanish government announced that it is cutting the subsidies for renewable energy projects, a sector which made the country a leader among the European countries, as part of a strategy to cope with its budget deficit and to reduce its power-system borrowings backed by the state that hit 24 billion euros ($31 billion) at the end of 2011.
read more... 30/01/2012