Latest news
French government to compensate EDF for a renewable tax deficit
The French government agreed on Monday to pay state-controlled power utility Electricite de France SA (EDF) €4.9 billion ($6.57 billion) in order to compensate costs related to the purchasing of electricity generated by renewable sources and subsidies for electricity sold to the poor, move that increased EDF's shares by about 5%.
read more... 15/01/2013
Iberdrola sells its 32 French wind farms
Spanish utility Iberdrola SA (IBDSF), the world’s largest operator of wind farms, is selling 32 French wind farms to a consortium including General Electric for 400 million euro.
read more... 03/01/2013
Alstom to build a combined heat and power plant in Germany
Alstom will build a 450MW combined heat and power plant in Cologne, at an average cost of €350 million, for German power utility RheinEnergie.
read more... 28/12/2012
GDF Suez: Income is expected to fall next year as demand slows due to economic crisis
GDF Suez, Europe’s largest utility by market value, has announced this week that income for next year will register a decrease as the economic crisis in the region slows demand. According to GDF Suez, European demand for natural gas is down 14% since 2010 while power by 25 %, so it plans to cut its share of profit from Europe and is looking to double LNG sales to emerging markets.
read more... 11/12/2012
Poland to choose between nuclear power and gas
Poland is going to scrap its nuclear programme in favor of shale gas as a less risky investment option, according to the head of Polish state-owned utility PGE.
read more... 05/11/2012