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Daily: Oil prices up above $116 on stimulus hopes
Oil prices continued to increase for a fourth consecutive day, above $116 per barrel, on hopes for further stimulus measures from central banks in the United States and Europe, and a sluggish restart in the Gulf of Mexico after Hurricane Isaac. By 08:27 GMT, Brent crude futures rose 30 cents to $116.08 a barrel, after reaching as high as $116.36 earlier in the session. Meanwhile, U.S. crude futures rose 53 cents to $97 a barrel from Friday's settlement. U.S. markets closed on Monday for the Labor Day holiday.
read more... 04/09/2012
Italian photovoltaic market
The Italian peninsula stands today for the land of solar energy, due to the rapid expansion of photovoltaics, placing Italy first in the world ranking for new solar plants installed. For 2011 a total of 3 to 5 GW installations were estimated, but the forecasts have been surpassed with the connection of about 9.3 GW of PV systems, in part as a result of the installations which were not connected at the end of 2010.
read more... 04/09/2012
E.ON will not build new gas or coal plants in Western Europe
Germany’s largest utility announced its intent not to build new power capacity based on coal or gas in Western Europe at least until 2020 because the market seems to become oversupplied until the last remaining German nuclear reactors will be shut down permanently, while in Eastern and Southern Europe the situation is different.
read more... 29/08/2012
US PV market reached 1.7 GW installed in first six months of 2012
According to a study made by IMS Research, US Photovoltaic installations more than doubled in the first half of 2012, reaching 1.7 GW and is expected to reach 4.3 GW in 2012, a growth of over 120% in comparison to 2011. The country is expected to become the third largest PV market in 2012, accounting for 40% of new capacity growth.
read more... 29/08/2012
Australia and EU will create the world’s biggest emissions trading system
Australian government and the European Commission have reached an agreement over linking the two region’s carbon markets. Beginning on 1 July 2015, it will create the world’s biggest emissions trading market, Australia's environmental scheme will be linked to the EU's Emissions Trading System (ETS) under an interim link which will coordinate carbon prices in the two markets and will consent global permit trading.
read more... 29/08/2012