The European Commission agreed to requests from local solar panel manufacturers to extend curbs on Chinese imports by a year. The restrictions set a minimum sale price and cap the number of Chinese-made solar panels exported in the European Union.
read more... 07/12/2015
Crude oil prices declined on Friday following the news that the OPEC was planning to keep its production near record highs despite a collapse in oil prices, intensifying worries about an oversupplied market. Brent crude oil futures shed 84 cents, or nearly 2 percent, to close at $43, after a rebound in early trade. The benchmark contract was within cents of Augusts’ 6-1/2-year trough. U.S. crude futures slipped $1.11, or nearly 2 percent, to settle at $39.97.
read more... 07/12/2015
Tech giant Google has acquired 842MW of global green energy to power its data centers.
read more... 07/12/2015
China has begun the construction of a major wind power project, which will be the country’s largest one, located on an island off Fujian Province.
read more... 04/12/2015
Italy's Eni and Anadarko Petroleum decided to begin development of neighboring Mozambique offshore gas fields since the East African country struggles to turn into a major global supplier of liquefied natural gas (LNG).
read more... 04/12/2015