Latest news
GT ENERGY to build the UK’s largest geothermal heating project
The developer GT Energy has unveiled its plans to build the largest geothermal heating project in UK. The project will tap into the Cheshire Basin, which holds the largest geothermal resources in UK, located beneath Manchester. The 10 MW plant using two 3,000m wells drilled in the city’s Ardwick district will provide heating needs to approximately 7 million homes. Moreover, the project will help creating new jobs in the region and sustaining the expansion of a low carbon economic zone.
read more... 30/07/2012
Italy: offshore oil and gas exploration projects to resume after Berlusconi’s ban in 2010
The Mario Monti’s government has canceled the ban on offshore oil and gas exploration imposed by Silvio Berlusconi in 2010, following the Macondo well explosion in the Gulf of Mexico, causing the largest U.S. offshore oil spill.
read more... 20/07/2012
Turkey could become a major energy hub
Turkey is on the verge to overpass UK as Europe’s third largest electricity consumer in ten years and could become a major energy hub, due to its booming population and economy, as well as a favorable geographical position close to 71.8 % of the world’s proven gas and 72.7 % of oil reserves, in particular those in the Middle East and Caspian basin.
read more... 12/07/2012
EDF: New UK nuclear power plants could boost economy
Government policy to promote a new generation of nuclear power plants could boost the UK economy by more than £ 5 billion and add more than 32,000 jobs, as well as creating new export markets if the country continues the development of nuclear, according a report commissioned by EDF Energy.
read more... 10/07/2012
UK offshore wind sector to create 215,000 jobs by 2030
UK offshore wind industry has the potential to add up to 215,000 jobs and boost the UK’s annual GDP by 1 percent, as well as to raise exports by about 22.5 billion pounds ($ 35 billion) by 2030.
read more... 12/06/2012