Latest news
E.ON has started construction works of Amrumbank West wind farm
German utility company E.ON has started the construction of the Amrumbank West wind farm, a 288MW wind project in the North Sea, which will consist of 80 turbines, and should be enough to power around 300,000 households, cutting more than 740,000 metric tons of carbon emissions every year. The first foundation has been installed at the site, 37 kilometres off the island of Heligoland.
read more... 16/01/2014
France pledges to restrict EDF utility hikes in 2015-18
France wants to restrict state-controlled utility EDF's regulated electricity tariff increases between 2% and 3% per year or less per year over the period 2015-2018, which would see a new calculation method to take effect, said an official source in the Elysée Palace.
read more... 12/12/2013
RWE to lay off 2,500 jobs in Germany amid falling wholesale prices
RWE, the second largest utility in Germany, is envisaging cutting 2,500 jobs in its power generating business in Germany amid falling wholesale prices, while criticizing subsidies for renewable energy generation.
read more... 08/11/2013
EDF’s sales up 6.9% in the nine months of 2013
French utility Electricite de France (EDF), the largest electricity generator in Europe and the biggest producer of nuclear power worldwide, registered an increase of 6.9 percent in its nine-month sales amid power prices increases.
read more... 07/11/2013
Rosneft to pursue expansion in gas market with $1.8 billion acquisition
Enel SpA, the Italian electric utility company, the second-largest in Europe by market capitalization, unveiled that it will sell its 40% stake in Arctic Russia BV, a joint venture with Eni that owns 49% of SeverEnergia. Enel will receive 1.8 billion USD from Rosneft and the completion of transaction is subject to regulatory and other approvals.
read more... 26/09/2013