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KfW: Germany establishes new solar storage record
With the most photovoltaic capacity of any country in Europe, Germany has succeeded to store its excess solar power to bolster local usage.
read more... 25/07/2016
Bulgaria, Romania, Ukraine ink gas deals
Gas network operators in Bulgaria, Romania and Ukraine inked gas interconnection deals to further link gas markets in the region, as announced by the European Commission (EC) late on Tuesday.
read more... 21/07/2016
Daily: Europe power spot prices tumble on firmer wind power supply
Crude oil prices tumbled as much 1 percent for a second consecutive day on Tuesday as an increasing dollar and a global fuel oversupply offset forecasts for weaker U.S. crude inventories. Brent crude eased 30 cents, or 0.6 percent, to close at $46.66 barrel. It lost 1.4 percent on Monday. U.S. crude West Texas Intermediate (WTI) crude declined 59 cents, or 1.3 percent, to end at $44.65. WTI fell 1.6 percent in the previous session. It posted the lowest settlement since May 9, when oil settled at $43.44. Brent's premium to WTI hit its highest level since the end of April, boosting the export potential for U.S. crude.
read more... 20/07/2016
EIB guarantee deal of €100 million with Landesbank Saar covers 10 projects
The European Investment Bank (EIB) has inked a €100m guarantee agreement with Landesbank Saar (SaarLB) to offer the latter further scope to invest in clean energy.
read more... 19/07/2016
EBRD and IFC purchase stakes in Turkish renewable energy producer
The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation declared on Thursday they have purchased stakes in Turkey's Akfen Renewable Energy to aid finance its plans to raise renewable energy capacity to 1 gigawatt.
read more... 15/07/2016