Latest news
Coal power is set to increase in the next 4 years to come
In the next 4 years to come, coal power production is set to increase considerably as at the moment it is the most profitable source of energy in Europe. According to UBS AG, power producers from EON AG to RWE AG (RWE) will open six times more coal-burning plants than gas-fed units by 2015.
read more... 24/09/2012
France to face a gap in power generating capacity
The grid operator Reseau de Transport d’Electricité (RTE) announced that in three years France will face a gap in power generating capacity due to the closure of two nuclear reactors and some fossil fuel power plants. In his report RTE added that power will be assured until 2015 when as much as 7.6 GW of coal and heating fuel-fired power plants may be turned-off.
read more... 06/09/2012
Italian photovoltaic market
The Italian peninsula stands today for the land of solar energy, due to the rapid expansion of photovoltaics, placing Italy first in the world ranking for new solar plants installed. For 2011 a total of 3 to 5 GW installations were estimated, but the forecasts have been surpassed with the connection of about 9.3 GW of PV systems, in part as a result of the installations which were not connected at the end of 2010.
read more... 04/09/2012
E.ON will not build new gas or coal plants in Western Europe
Germany’s largest utility announced its intent not to build new power capacity based on coal or gas in Western Europe at least until 2020 because the market seems to become oversupplied until the last remaining German nuclear reactors will be shut down permanently, while in Eastern and Southern Europe the situation is different.
read more... 29/08/2012
Russia’s Novatek signed long-term gas contract with Germany’s E.On
Russia's largest independent gas producer Novatek announced it has signed a $22.04 billion contract with E.ON Russia to supply gas to the German company’s power plants in Russia until the end of 2027.
read more... 28/08/2012