Latest news
Scarcity in British wind farms
Britain has the lowest density of wind turbines among other European countries as compare to 1 turbine per 100 sq km in Britain, Denmark with 11 turbines, Germany and the Netherlands with 6, while Spain has 3.
read more... 22/06/2011
New wind farms to replace phased-out nuclear power in Germany
Once the German announced their decision to phase out the country’s nuclear power by 2022, it was clear that one-quarter of the country’s generation power has to be replaced with alternative energy sources. According to a recently proposed “10 Point Immediate Action Program” by the German Environment Ministry, the avoided nuclear power will be substituted with offshore wind power which is expected to be strengthened by an incentive system.
read more... 08/06/2011
World’s largest wind farm to be completed in UK
Reef Subsea AS, an international cost-effective company providing subsea services for developers of oil & gas and renewable projects, announced it has signed a contract for completion of an offshore wind farm set in the Suffolk coast of the UK, Greater Gabbard, that will become the world’s largest offshore wind farm.
read more... 03/06/2011
European PV capacity to exceed 21 GW in 2011
In 2011, the photovoltaic market is predicted to add more than 21 GW of new PV capacity, increasing by around 14% as compared to 2010. As shown in the latest report revealed by IMS Research, prices for electricity generated from solar farms will go down enough to boost demand for other renewable sectors, mainly in Germany.
read more... 02/06/2011
BP to sell a package of U.K. assets to Perenco for up to $610 million
The British oil giant BP Plc announced on Tuesday a deal to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge oil fields in the UK to European oil and gas company Perenco UK Ltd. for up to $610 million in cash, as it plans to equilibrate its balance sheet following the last year’s Gulf of Mexico oil spill. Under this deal, BP aims to divest about $30 billion per year.
read more... 18/05/2011