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Daily: European forward power prices rebound on higher fuels prices ahead of Ascension holiday
A larger-than-expected increase in U.S. crude stockpiles dragged oil markets down on Wednesday after an early hike over worries about output reductions in Canada’s oil sands region following a conflagration. U.S. crude futures close at $43.78 a barrel, up 13 cents or 0.30 percent, while Brent crude fell 35 cents or 0.78 percent, to settle at $44.62 a barrel.
read more... 05/05/2016
Germany will stop coal-fired power production "well before 2050"
Coal-fired power production in Germany should come to an end "well before 2050", as indicated by a draft environment ministry document seen by Reuters on Tuesday on how Europe's largest economy can attain its climate objectives.
read more... 04/05/2016
EU offers a loan of £500 million to sustain UK water projects
The European Investment Bank (EIB) has decided to offer £500 million to back water and wastewater projects in the UK.
read more... 03/05/2016
EDF, Edison, Gas Natural and Centrica interested in acquiring a large share in Eni's retail gas and power business
European giant utilities French EDF’s, Italian unit Edison, Spain's Gas Natural and Britain's Centrica are interested in acquiring a share in Italian oil major Eni's retail gas and power business, a deal that could cost up to $3.4 billion.
read more... 29/04/2016
ScottishPower Renewables and Siemens agree UK’s largest offshore wind power contract
ScottishPower Renewables and Siemens have unveiled a transaction that is poised to be largest offshore wind contract yet seen in Europe, after signing a deal that will see the German engineering major providing 102 turbines to East Anglia ONE project.
read more... 28/04/2016