Latest news
EnBW will intensify cost cutting, reduce hundreds of jobs
German utility EnBW declared on Tuesday it would accelerate cost-cutting measures to save an extra 250 million euros ($280 million) by 2020, since it struggles with decreasing electricity prices and the cost of phasing-out nuclear power.
read more... 15/06/2016
Daily: European spot electricity prices evolve differently; low wind power output spurs French prices
Crude oil prices declined about 2 percent in prolonged trading on Tuesday as figures indicated an unexpected build in U.S. crude stockpiles last week, adding to the destabilization of global financial markets before the British referendum whether to leave the European Union. Brent and U.S. crude extended losses in post-settlement trading, both falling by more than $1 a barrel each. Prices tumbled for the fourth straight day with Brent down 52 cents to settle at $49.83 a barrel, while U.S. crude lost 39 cents to close at $48.49.
read more... 15/06/2016
Daily: British gas spot price fell over 10 percent on oversupply and new LNG shipments
Crude oil prices declined on Monday, dragged down by U.S. dollar appreciation and pessimistic economic outlook in Europe and in Asia, but gained ground due to ongoing outages in Nigeria. Brent crude oil futures eased 19 cents, or 0.4 percent, to settle at $50.35 per barrel, while U.S. crude declined 19 cents, or 0.4 percent, to end at $48.88 a barrel.
read more... 14/06/2016
TenneT unveils a futuristic vision of wind energy island 'hub' in North Sea
Dutch renewable energy firm TenneT unveiled a new vision for a man-created island in the North Sea surrounded by wind farms that would act as a large-scale interconnector for distributing offshore wind electricity between EU countries.
read more... 13/06/2016
European Investment Bank injects 125 million euros in Icelandic 90MW geothermal plant
European Investment Bank (EIB) has inked a EUR 125 million loan agreement with Landsvirkjun, the National Power Company of Iceland, to finance a new geothermal power station and its geothermal wells at Theistareykir, near Husavik in northeastern Iceland.
read more... 13/06/2016