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Italy renewables boosted by fallout referendum
Shares of Italian renewable energy companies increased on June 13, immediately after the referendum in which Italians “said no” to nuclear energy. It means a collapse in accomplishing the governmental plan to generate 25% of its energy mix from nuclear power plants and 25% from renewables by the end of 2020.
read more... 15/06/2011
Italy to invest 140 million Euros in wind power in Egypt
Italgen Group, which already operates already in 22 countries around the world, will invest 140 million euros into the development of wind energy projects in Egypt that will be situated in Gabal El Zeit area and have a total capacity of 120 MW.
read more... 14/06/2011
Daily energy Overview, Tuesday, June 14, 2011
U.S. crude oil futures traded down on Monday for a second consecutive session as a downgrade in credit ratings of Greece sparked worries about global economic growth and demand for oil. U.S. crude for July delivery traded at 97.30 dollars a barrel, down 1.99 dollars after a trading range between 96.13 and 99.32 dollars.
read more... 14/06/2011
Eni sells a huge stake in Trans-Austria Gas pipeline
The Italian energy group Eni has signed an agreement with Cassa Depositi e Prestiti Spa (CDP) for the sale of 89% stake in the Trans-Austria Gas pipeline for 483 million euros ($700 million) plus reimbursement of a shareholder loan granted by Eni to the company equal to 192 million euro.
read more... 14/06/2011
Referendum results could baffle Italy’s nuclear plans
After two days of voting, the anti-nuclear referendum finished overwhelmingly against Berlusconi’s nuclear revival plans, a decision agreed by 90% of voters.
read more... 14/06/2011