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E.ON and RWE European power plant closures
E.ON and RWE have been stung by high prices of fuels such as gas, plummeting wholesale prices due to Europe's economic slowdown and policies supporting the expansion of renewable power, which erodes the need for conventional generation.
read more... 16/08/2013
China to lead the wind power market in 2020
Around the world wind power is emerging as a serious source of new clean energy. There is over 72 TW of energy available worldwide, just from wind. According to a report offered by GlobalData, China will remain the world's largest wind energy market for the rest of this decade.
read more... 15/08/2013
Dong Energy to slash offshore wind costs by 40% by 2020
Danish Dong Energy, the largest offshore-wind developer in the world, is planning to slash offshore wind power costs by as much as 40 percent by 2020.
read more... 13/08/2013
Daily: European power prices trade higher on thermal plant outages
Brent crude traded under $109 per barrel on Tuesday following overnight gains which were backed by supply concerns in OPEC nation Libya, while investors were pending for U.S. economic data due later this week. Brent crude was steady at $108.96 a barrel, at 01:29 GMT unchanged from its close in the previous session, while U.S. crude oil dropped 13 cents at $105.98 a barrel.
read more... 13/08/2013
Gas-fired plants face profit squeezes and opportunistic investment
Utilities across Europe have been hit by high gas prices and low power contracts, which have squeezed their profit margins.
read more... 09/08/2013