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Doubling share of renewables by 2030 might save $4.2 trillion/year
Doubling the share of renewable energy in the global energy mix to 36 percent by 2030 might save the world economy approximately $4.2 trillion a year, research by the International Renewable Energy Agency (IRENA) revealed on Wednesday.
read more... 17/03/2016
Poland: Energa envisages EDF heating plants, more coal projects
Energa is thinking about purchasing mostly coal-fired heating plants from French utility EDF and investing in local troubled coal mining company Kompania Weglowa, Poland's No.4 utility stated on Tuesday.
read more... 16/03/2016
Daily: Crude oil settles 2 percent lower on U.S. inventories concerns
Crude oil prices declined 2 percent on Tuesday as the market was pressured by concerns that U.S. crude inventories were still increasing amid decreasing output and refinery maintenance. Brent eased 79 cents to close at $38.74 a barrel, down 2 percent close to Monday’s level. U.S. crude lost 84 cents, or 2.3 percent, to settle at $36.34. In the last session, it dropped 3 percent.
read more... 16/03/2016
Three German energy giants claim a €19bn compensation for nuclear closure
German utility giants E.ON, RWE and Vattenfall and government clashed at a court hearing over the country's controversial decision to phase out all nuclear plants by 2022 aftermath the dramatic incident at Japan’s Fukushima nuclear power plant in 2011.
read more... 16/03/2016
Russia's Novatek finalizes transaction to sell Yamal LNG stake
Russia's No.2 natural gas producer Novatek declared on Tuesday it has accomplished the transaction to vend a 9.9 percent stake in the Yamal LNG project to China's Silk Road Fund for 1.09 billion euros ($1.2 billion).
read more... 16/03/2016