Latest news
Norwegian oil giant Statoil saw its profits slip in the third quarter of 2013
Norwegian oil giant Statoil announced a decrease of about 6% in its net income in the third quarter of this year. The company's net profit was 13.7 billion Norwegian kroner ($2.4 billion), compared to the same period of a year before, when it registered with NOK 14.5 billion.
read more... 30/10/2013
PV installations worldwide to reach 41 GW in 2014
Photovoltaic installations worldwide are expected to rise at their fastest pace in the last three years next year, reaching more than 40 GW and generating installation incomes of about 86 billion dollars. PV installations in 2014 are likely to rise by 17-18 percent, increasing from 15 % of last year and 13 percent in 2013. The highest rate of growth was last registered in 2011 with a 35 percent increase.
read more... 08/10/2013
Enel investments in Spain’s energy sector at risk
Enel, Europe's second utility in terms of installed capacity, has announced recently that its future funds in Spain’s energy sector could be at risk unless the energy reform was revised. The Spanish government imposed a 7% levy on all incomes from power generation at the beginning of 2013, and approved a second wave of reforms in July.
read more... 05/08/2013
UK revealed it intends to create the most generous tax breaks in the world for shale gas producers
Britain's finance minister George Osborne has announced that Britain could become a leader in shale gas extraction as he intends to create world's "most generous" regime. He revealed that it plans to cut from 62% to 30% the tax on a proportion of production incomes, in a move which aims to encourage shale gas exploration.
read more... 22/07/2013
TGC Renewables debuts plans for new solar farm in Cambridgeshire
TGC Renewables, an independent renewable energy project developer, has applied for planning permission for its proposed 13MW solar park in Cambridgeshire, England. The proposed solar farm will see 58 hectares of low-grade agricultural land in the South West of Cambridge holding up to 55,000 PV modules, which will be enough to power about 3,300 homes, while also giving the farm a guaranteed rental income for the next 25 years.
read more... 07/03/2013