Latest news
GDF Suez to become a natural gas storage leader
French utility GDF Suez has inked a deal to buy 5 natural gas underground storage facilities in Germany and a 19.7% stake in another one, strengthening its leading position in Europe.
read more... 06/09/2011
Dutch top court gives the green light to RWE’s coal-fired plant
The German utility, RWE has been allowed to continue limited construction of a 1,560 MW coal-fired plant after Netherlands' highest administrative court on Friday dismissed a request from environmentalists who said the company should lay down work until it has the required permits.
read more... 05/09/2011
E.ON announces drastic jobs cuts
Last week, E.ON, the largest power utility in Germany, announced its intention to cut up to 11, 000 jobs worldwide and reduce dividends after first-half profit plunged because of the increased costs following nuclear exit. That’s approximately 10 percent of jobs that will be affected by this drastic measure.
read more... 19/08/2011
Scottish Power grid upgrade to create 1,500 jobs
The energy supplier Scottish Power envisages modernizing 500 miles of overhead lines in the next ten years, as Spanish power utility Iberdrola plans to invest GBP 3 billion (EUR 3.411bn) in the upgrade of Scottish power grid.
read more... 18/08/2011
German utility RWE’s first half profit hit by nuclear exit
The German energy group, RWE said that its first-half net profit sharply plunged by 39% to €1.7 billion ($2.4 billion), amid supplementary costs related to the country’s decision to phase out nuclear power and a tax on nuclear fuel.
read more... 10/08/2011