Latest news
Chinese power demand to double by 2026
According to a report presented by the China Electricity Council (CEC), China's electricity consumption will almost double, reaching almost 8.2 trillion kWh by 2020. In the last ten years China has experienced huge economic growth, which has required an equally huge growth in capacity of its energy generation industry. China has managed to triple its electricity infrastructure capacity, adding an average 80GW of new power every year.
read more... 11/12/2013
UK’s biggest biomass plant has opened
Britain’s largest coal-fired power station has begun its conversion to become Britain’s largest renewable electricity producer as well as one of Europe’s largest renewable electricity generators. The project will see the coal station turn to wood pellets for fuel rather than coal, a move which aims to slash carbon emissions by more than 80%. One of the generating units has been converted to biomass while the other two will be using biomass by 2016.
read more... 10/12/2013
EIB to finance Enel Green Power projects in Romania
The European Investment Bank (EIB) would lend to Enel Green Power 200 million euros to cover in some measure investments for some wind farms in the Banat and Dobrogea regions of Romania. The 15-year loan will partially cover investments in EGP’s wind power projects, and has a pre-repayment grace period of up to two and a half years.
read more... 09/12/2013
UK expands lifetime of old and inefficient coal power stations
Almost exactly a month after the House of Lords voted in favor of it, the UK Government voted against the modification to the Energy Bill which would have to put limits on coal burning in the UK, sparing the energy market from an even tighter squeeze as aged nuclear plants shut later this decade. Britain's power market is already tight as ageing capacity is being retired and a modest amount of new generation is being built. Members of Parliament voted 318 to 236 against including the amendment in the bill.
read more... 06/12/2013
Daily: German spot power prices sag on hurricane-force winds in northern Europe
Brent crude oil futures dropped, while U.S. crude oil futures climbed for a fifth consecutive session on Thursday, narrowing the spread between the two benchmarks contracts to a two-week low as optimistic U.S. economic data suggested an increase of demand for oil in the world's largest consumer.
read more... 06/12/2013