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Bulgaria: BEH agrees 535 million euros loan funding
Bulgarian state energy company BEH has inked a 535 million euro ($602 million) bridge loan with three international banks which should be refunded by a global bond issue within a year, as stated by a senior BEH official on Monday.
read more... 26/04/2016
Daily: European forward power prices resume three-month highs after a weaker start
Oil prices lost more than 2 percent on Monday as data showed new U.S. crude stockpiles builds, while leading banks in commodities stated that the two-month long oil market hike has defied fundamentals. U.S. crude fell $1.09, or 2.5 percent, to settle at $42.64 a barrel. Last week, it reached a five-month high of $44.49. Brent declined 63 cents, or 1.4 percent, to close at $44.48. It attained a mid-November peak of $46.18 last week.
read more... 26/04/2016
E.ON and Statoil will construct big wind farm offshore Germany
Energy producers E.ON and Statoil will make an investment of over 1.2 billion euros ($1.35 billion) to develop the Baltic Sea Arkona wind farm off the coast of Germany, as stated by the two firms on Monday.
read more... 26/04/2016
China to keep under control its coal-fired power capacity
China’s government said on Monday that it would strictly monitor the total capacity of its coal-fired power sector, confirming a move that had previously been pointed out by the country’s energy regulator.
read more... 25/04/2016
Latvia government envisages takeover of gas pipelines and underground storage
Latvia should take over its main gas pipelines and underground storage, 34 percent possessed by Russia's Gazprom, next year to guarantee a steady transition from a regulated to liberalised gas market, as stated by the economy minister.
read more... 25/04/2016