Latest news
Europe’s forward power market under pressure from short term
Forward power contracts are losing their benchmark status in Europe's electricity markets, as growing renewable generation makes betting on long-term products difficult and pushes traders into shorter-term deals.
read more... 12/09/2013
China to offer more subsidies for renewable energy
The National Development and Reform Commission (NDRC) said that China will increase subsidies for cleaner forms of electricity from Sept. 25, in a move that aims to help thermal power plants meet the country's tough new air pollution standards.
read more... 02/09/2013
UK: Electricity generation from renewable sources increased considerably
Within the UK, the total contribution of renewable electricity has grown by an amazing 52% in the last 5 years, driven significantly by a huge expansion in wind energy. According to the latest figures from the Department of Energy and Climate Change (DECC), wind and solar PV electricity production increased by about 30%.
read more... 30/08/2013
Vattenfall submitted plans for a new wind farm in Scotland
Swedish energy company Vattenfall has presented plans for the construction of a new wind farm on the south west of Scotland. The South Kyle Wind Farm would have about 50 turbines and a capacity of more than 170 MW, which should be enough to meet the annual electricity power demand of more than 90,000 households. It is expected that it will cost more than £190 million to build the wind farm.
read more... 29/08/2013
UK: Electricity prices to double in the next years to come
UK electricity prices could almost twice 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... 29/08/2013