Under a subsidy program to boost renewable energy that by 2020, the UK is engaged to pay offshore wind developers triple the market price for electricity they generate at £155 per megawatt-hour, move that will cost consumers 7 .6 billion pounds ($11.6 billion) a year.
read more... 28/06/2013
The IEA has released its second annual Medium-Term Energy Market Report, according to which renewable sources will exceed natural gas as a power source and will be twice the contribution from nuclear energy globally by 2016, being second only to coal.
read more... 27/06/2013
China currently offers the greatest opportunities in the world for renewable energy investment, while India has the strongest potential for conventional power investors, according to a report released by analysts at PA Consulting - ‘Mapping Energy Investment Potential Around the World’.
read more... 26/06/2013
The Global Alliance is prompting European legislators to set a 100% renewable target for 2050, criticizing them for not setting aggressive long-term renewable energy targets.
read more... 25/06/2013
A new report offered by bank Credit Suisse stated that UK electricity prices could almost twice those in Germany in the next three years because of the impact of a new tax intended at supporting renewable power production. The report showed that wholesale prices could increase in comparison to those in Germany by 85% in 2016-17 and would maintain the trend in general for the next 7- 10 years.
read more... 24/06/2013