Latest news
Italy’s new austerity plan could reduce solar incentives
Italy could reduce renewable incentives, in the case of approving of a new austerity plan, according to Reuters. This might attack investors’ confidence in the Italians renewable market. Currently, the government looks with caution at this measure, as to know how it could be interpreted.
read more... 07/07/2011
Japan nuclear power to pass safety tests
All Japanese nuclear power stations will pass several safety tests as to lower concerns sparked after the nuclear crisis caused by a fatal combination between a tsunami and an earthquake. The government ordered new safety controls of all 54’country’s nuclear reactors, with less details revealed about.
read more... 07/07/2011
GE won a $45 million oil rig contract
General Electric Co. won a 45 million dollars contract as to provide services for Chevron deep water oil drilling rig in the Gulf Coast.
read more... 07/07/2011
Overview of the Chinese coal market in 2010
World coal production is expected to rise considerably by 2027 to 5.1 billion tons. In 2008, the Chinese industrial sector consumed 22% of the global coal consumption and 41% of the world’s power production.
read more... 06/07/2011
German investors await British nuclear decision
German energy companies such as, EON and RWE, wait for a final political decision as to know how to proceed with its future investments into the construction of nuclear power plants in the UK. Meanwhile, German newspapers cited that the two German companies see the plans development costs as too high, expecting to invest 16 billion euros.
read more... 06/07/2011