Latest news
General Electric put the eye on German offshore wind
General Electric (GE), the world's third largest wind turbine manufacturer by market share after Denmark's Vestas and China's Goldwind is envisaging positioning itself in Germany’s flourish offshore wind sector and also is looking at nascent wind industries in Eastern Europe.
read more... 15/04/2016
Egypt receives $4bn financing from international banks to develop 14 GW of CHP plants
Egypt's state-owned Egyptian Electricity Holding Company (EEHC) has received €3.5bn ($4bn) in financing from Deutsche Bank, HSBC and KfW's Ipex Bank to support the development of three gas power plants, which have a combined capacity of 14.4GW in Egypt.
read more... 14/04/2016
Allianz expects to double infrastructure investments in the following 2-3 years
German insurer Allianz is looking to double its investments in infrastructure and clean energy projects within the next two to three years since it wants to diversify on where it invests its 638 billion euros ($726 billion) of assets, the manager of Allianz Capital Partners (ACP) declared.
read more... 12/04/2016
Daily: European spot power prices up on tighter supply, while forward down tracking coal, carbon
Crude oil prices closed down on Thursday after figures showed robust weekly stockpiles at the U.S. crude storage hub despite a pipeline outage, but prices pared losses on short covering, indicating more volatility ahead. Brent futures eased 41 cents, or about 1 percent, to settle at $39.43 a barrel, backtracking losses from the session low that saw Brent down more than $1, or nearly 3 percent. WTI crude futures ended down 49 cents at $37.26, after plunging as low as $36.69.
read more... 08/04/2016
Saudi Arabia to conclude a $20 billion energy deal with Egypt
Saudi Arabia is expected to ink a $20 billion five-year deal to finance Egypt's needs for oil and petroleum products, during King Salman bin Abdulaziz al-Saud’s visit to Cairo this week.
read more... 07/04/2016