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French government blesses the General Electric’s bid for Alstom
French government has finally reached an agreement to buy a 20-percent stake in engineering giant Alstom from construction firm Bouygues on Sunday, meeting a condition established by Paris to support a General Electric (GE) deal to purchase Alstom’s energy business for 12.35 billion euros.
read more... 23/06/2014
China expected to install record 12 000 MW of solar PV in 2014
By the end of 2014, China is expected to install a record of 12,000 MW of solar panels, according to a report released by the Chinese Bureau of Energy. This includes the installation of 8, 000 MW of solar PV panels on roofs and other 4,000 MW in the ground-mount segment.
read more... 20/06/2014
France energy bill increases renewable, no nuclear shut downs
France will increase renewables and limit nuclear power generation at existing levels nevertheless leave any reactor shut downs to be agreed on later, as stated in a bill disclosed by Energy Minister Segolene Royal on Wednesday.
read more... 19/06/2014
Daily: Brent crude rallies to nine-month high on Iraq supply disruption concerns
Brent crude oil rocketed to a nine-month high on Wednesday supported by concerns about potential supply disruptions due to turmoil in Iraq, while U.S. crude dropped after data from the U.S. Energy Information Administration (EIA) showed domestic crude stockpiles declined much less than the industry group American Petroleum Institute (API) had reported.
read more... 19/06/2014
Europe is looking towards Azerbaijan for gas security
The EU is looking southwards for natural gas supply, eyeing Azerbaijan as a vital route for European energy security amid mounting tensions between Russia and Ukraine, posing a threat of cutting off gas supplies.
read more... 17/06/2014