Latest news
Enel to cut costs in order to reduce debt
Enel plans cuts in its dividend payouts and investments over the next five years in order to diminish its debt and keep its credit rating. Mentioning over the share price fall, Fulvio Conti, the chief executive announced the 2012-16 business plan which establishes lower expected growth targets amid a cloudy outlook for Italy and Spain which was needed to clear the situation.
read more... 09/03/2012
Japan and Spain reduce Iranian oil imports
Some of the largest Iran's customer nations announced this week that had cut their Iranian oil imports. This is the first evidence that some of the largest Iran's customers are trying to reduce their reliance on Iran's oil imports, switching to Saudi crude, an oil producer rival.
read more... 07/03/2012
Spain leaves renewable top 10 to curb its budget deficit
Spain, known as the top-ranked renewable energy market for investors, is leaving the top 10 after the Spanish government has decided to suspend all subsidies for renewable energy projects, with immediate effect, meaning it will no longer provide subsidies for new wind, solar, co-generation or waste incineration projects.
read more... 28/02/2012
Spain to extend the lifespan of its oldest nuclear power plant
Spain's nuclear security agency CSN has given the approval for the extension of the 468 MW Santa Maria de Garoña nuclear power plant until 2019.
read more... 21/02/2012
Spain to slash subsidies for green energy
The Spanish government announced that it is cutting the subsidies for renewable energy projects, a sector which made the country a leader among the European countries, as part of a strategy to cope with its budget deficit and to reduce its power-system borrowings backed by the state that hit 24 billion euros ($31 billion) at the end of 2011.
read more... 30/01/2012