Latest news
SSE has announced its retreating from Scotland-Norway Project
British utility SSE has announced it is retreating from a project to build a subsea electricity cable linking Scotland and Norway. SSE is one of the U.K.'s six major energy providers, and it added also that it will no longer have a financial involvement in the NorthConnect project as it intends to focus on investments in its domestic markets.
read more... 07/03/2013
U.S. continues to govern the world geothermal market
The United States is continuing to be the world leader in terms of geothermal power with 147 MW of new capacity added last year, representing a 5% increase over 2011, according to data released by the Geothermal Energy Association.
read more... 01/03/2013
Supply problems in world oil market
A number of real and threatened supply problems are helping support oil prices this year, despite a weakening outlook for the world economy and slower growth in global fuel demand. More than 1 million barrels per day (bpd) of supply is estimated to be offline - 1.1% of daily world demand - including Libyan output yet to return to service.
read more... 26/02/2013
How to strengthen the European carbon market
A European Commission plan to temporarily remove some permits from the oversupplied EU carbon market if agreed could pave the way for deeper reforms. These could include permanently taking away EU carbon permits from the Emissions Trading System (ETS) or tightening restrictions on how much bigger emitters can pollute. The current Commission expires in 2014, meaning time is running out for any action and the market is beginning to resign itself to a prolonged period of low prices.
read more... 19/02/2013
China installed almost 16 GW of wind power in 2012
According to data offered by Bloomberg New Energy Finance, in 2012, China was the world’s largest wind market in terms of annual installed capacity. The country installed 15.9GW of onshore turbines, or about 35% of the world’s new onshore capacity.
read more... 15/02/2013