The French electricity company EDF has inked a deal with Italian shareholders that will give it majority control in Edison, Italy’s second-biggest power supplier. Edison, which has a market value of about 4 billion euros (5.2 billion U.S. dollars), is now controlled by EDF and a group of Italian investors led by regional utility A2A, which hold their stakes through holding company Delmi. EDF unveiled in a statement that the preliminary agreement included the acquisition of Edison by EDF and the acquisition of Edipower by A2A.
read more... 30/12/2011
Venezuelan state energy giant Petroleos de Venezuela (PDVSA) inked a supply contract with Italy's Eni SpA and Spain's Repsol YPF for development of the South American country's massive offshore Perla gas field.
read more... 27/12/2011
After two consecutive years as the world's biggest solar photovoltaic (PV) market, Germany is likely to pass the crown to Italy, says IHS iSuppli's PV Market Brief report.
read more... 16/12/2011
According to the Italian coal association, Assocarboni, the country could increase its coal imports by around 7 percent this year as the steam coal market is expected to grow over the next coming years after a referendum in Italy rejected a return to nuclear power.
read more... 23/11/2011
NYMEX crude oil futures increased at their utmost levels in 15 weeks on Friday as Italy and Greece were attempting to find the solution for their political and debt problems and on positive U.S. consumer sentiment. U.S. crude oil for December delivery valued 98.99 dollars a barrel, gaining 1.21 dollars, having set the maximum value for a front-month contract since July 26.
read more... 14/11/2011