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Daily: Brent crude registers a 9% hike for the week on PIRA forecast

Brent crude posted a 9.1% hike for the week, while U.S. crude gained 8.8%, registering their biggest weekly percentage gains since late August. The oil boost was spurred after forecaster PIRA Energy Group prognosticated crude prices would soar to $70 per barrel by the end of 2016.

read more... 12/10/2015

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ENGIE and Mitsubishi Heavy Industries inked a MOU to improve their collaboration in energy sector and technology

Gérard Mestrallet, Chairman and CEO of ENGIE and Shunichi Miyanaga, President and CEO of Mitsubishi Heavy Industries, Ltd. (MHI) inked a Memorandum of Understanding (MoU) to improve their cooperation all along the energy value chain and technology.

read more... 12/10/2015

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German households – a potential increase in green power surcharge to 6.35 cents/kWh

A renewable energy surcharge levied on German consumers to sustain green electricity production is expected to insignificantly increase next year, after dropping this year, as stated by two sources with knowledge of the new charge on Friday.

read more... 12/10/2015

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Britain gives deadline for onshore wind subventions

Onshore wind farm projects qualified for British government supports will need to have gained planning approval before June 18, as stated by the Department of Energy and Climate Change (DECC) on Thursday.

read more... 09/10/2015

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Germany to offer €1 billion financial assistance to India’s renewable energy sector

Germany will offer a financial assistance of €1 billion (USD 1.12bn) to India for the development of solar power projects in the Asian country over the next five years, move announced following German Chancellor Angela Merkel’s recent visit to India.

read more... 09/10/2015

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