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Statkraft to develop several wind farms

Statkraft announced the start of the development of a new wind farm in Sweden, Stamåsen 1, of 60 MW and worth 108 million euros, which will complete the company’s portfolio with the second wind farm under construction in Central Sweden, thus consolidating its position as the largest energy actor in the European renewable energy industry.

read more... 19/08/2011

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Canada launched new ecoEnergy Innovation Initiative

Recently, the Canadian Government launched the new ecoEnergy Innovation Initiative, worth 97 million dollars which will be allocated for research studies, development and demonstration projects for green energy technologies.

read more... 08/08/2011

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UK Government will not prohibit shale gas “fracking”

After long concerns over shale gas drilling controversial technique, the U.K. government pronounced its long awaited decision concerning the development of “unconventional” gas resources, refusing to ban gas “fracking”.

read more... 27/07/2011

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EBRD and EIB to allocate $308 million for Ukraine’s gas transport system reconstruction

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have signed a memorandum of understanding with Ukraine's national oil and gas company, NAK NaftoGaz, to allocate $308 million for the modernization of its obsolete gas transportation system.

read more... 25/07/2011

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German investors await British nuclear decision

German energy companies such as, EON and RWE, wait for a final political decision as to know how to proceed with its future investments into the construction of nuclear power plants in the UK. Meanwhile, German newspapers cited that the two German companies see the plans development costs as too high, expecting to invest 16 billion euros.

read more... 06/07/2011

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