Latest news
Daily: Crude oil prices plunge on supply glut, on higher interest rate expectations
Brent crude dipped to nearly seven-year low and WTI crude plunged under $40 a barrel on Wednesday, after the U.S. government unveiled a 10th consecutive weekly hike in crude supplies and on expectations from a higher interest-rate by the central bank later this month. Brent crude declined by $1.95, or 4.4%, to settle at $42.49 a barrel on London’s ICE Futures exchange, the lowest settlement since March 2009. WTI crude for January delivery eased $1.91, or 4.6%, to close at $39.94 a barrel on the New York Mercantile Exchange.
read more... 03/12/2015
Europe’s largest solar farm launched in France
French energy group Neoen launched yesterday the biggest photovoltaic power plant of Europe, having a power capacity of up to 300 MWp peak.
read more... 02/12/2015
Germany’s RWE to split off its renewables business
German utility RWE is envisaging restructuring its business, spinning out of renewable energy, grids and retail business areas into new subsidiary. It is to be listed on the stock market in late 2016.
read more... 02/12/2015
Vestas will supply 201MW in USA
Vestas will provide EDF Renewable Energy with 201MW for an unspecified wind farm in the USA.
read more... 02/12/2015
Daily: Brent declines at $44.44/bbl on OPEC concerns
Brent crude futures ended lower on Tuesday on expectations that OPEC will not reduce output, continuing to pumping crude at record levels to defend market share against non-member oil producers such as the United States and Russia. Brent crude declined 17 cents, or 0.4 percent, to settle at $44.44 a barrel. U.S. crude's WTI futures boosted 20 cents to close at $41.85.
read more... 02/12/2015