Latest news
The EIB has granted Spain a €475m loan for power grid upgrade
The European Investment Bank (EIB) has granted to Spain’s Gas Natural Fenosa a 475 million euro loan for upgrading its power grid. The loan have the objective to support utility firm Gas Natural Fenosa’s four-year programme of investment in upgrading and expanding the overhead distribution network, laying underground cables and building substations.
read more... 16/07/2013
Scottish Power to invest 5.2 billion pounds in upgrading its power network
Energy giant ScottishPower has announced it plans to invest 5.2 billion pounds in upgrading its ageing power network. The energy firm has presented its proposals to Ofgem delineating the plans for expansion between 2015 and 2023. The investment would see more than 62 miles of power cables and 30,000 substations upgraded.
read more... 02/07/2013
EU bank to provide 500 million loan to France
The European Investment Bank has decided to grant a loan of about 500 million euro aiming to help finance upgrades to seven of France's high-voltage and very-high-voltage power grid projects through 2016, the funds will help guarantee the quality and security of France's electricity supply, and would allow the country to add new-generation and renewable sources to its grid counting also a major investment in renewable energy sources.
read more... 22/03/2013
Ofgem to upgrade the national gas and power grids
UK energy regulator Ofgem announced on Monday that it has allocated about 24.2 billion pounds to the improvements of the national gas and power grids. This move will add an average of about 12 pounds to annual household energy bills for the next eight years to come.
read more... 18/12/2012
Ireland will miss to meet the 2020 EU targets
According to the EU- funded “Sustainable Energy for the Rural Village Environment” (SERVE) project, Ireland is to miss its EU energy efficiency target by 2020. The project stated that about 90,000 buildings will need important improvements every year by 2020, even if this year less than 50,000 buildings undergo energy upgrades.If Ireland doesn’t reach its objective by 2020, it will have to pay severe penalties.
read more... 03/10/2012