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Daily: French spot power prices up on prolonged heat wave
Brent crude pared gains on Thursday as the optimism for more stimulus from the U.S. Federal Reserve faded. Meanwhile, Brent crude for October delivery increased 10 cents to settle at $115.01 a barrel, having fluctuating from $114.43 to $116.38. It has recovered from a low of $88.49 recorded on June 22 after retreating from the 2012 high at $128.40 hit on March 1. U.S. October crude traded 99 cents down to settle at $96.27 a barrel, after reaching $98.29, the highest level since May 4. In the same time, U.S. crude has recovered after slipping below $78 a barrel in late June.
read more... 24/07/2013
World Bank to limit financing coal- fired power plants in the future
The World Bank has announced it will help countries to seek alternatives to coal power and will stop funding for new coal power generation projects. Jim Yong Kim, the President of the World Bank has always stressed the need to mitigate the impacts of climate change, making it a main concern for the Bank itself and for its five main organizations which are offering loans and grants to poor and emergent countries worldwide.
read more... 23/07/2013
European Commission to enact potential nuclear power subsidies
The European Commission is set to enact new draft guidelines for subsidies to nuclear power projects.
read more... 23/07/2013
China: first in the world to achieve 3 GW of solar power
China becomes the first country in the world to hit the 3 GW solar power target. The Asian nation has built 40 new solar plants with over 1 GW of production capacity since December last year. China runs on a large 132-utility scale solar plants which places them closer to their goal of producing 15 GW by 2015.
read more... 23/07/2013
Enel Green Power has connected its first PV plants in Romania
Italian renewable energy company Enel Green Power SpA (EGP), a subsidiary of the Enel Group has announced it has connected to the grid its first photovoltaic plants in Romania. The two plants of Berceni 1 and Berceni 2, have a combined installed capacity of about 19 MW, are likely to generate almost 29 GWh per year. The plants are located in Prahova County.
read more... 17/07/2013