E.ON starts building a 57MW wind farm in Italy

20/02/2018 14:00 Wind


E.ON has started the construction of an onshore wind farm in Italy with the capacity of 57MW.

The Morcone project located in the Benevento region close to Naples will utilize 19 turbines of 3MW from Danish producer Vestas.


The energy giant is now in the process of constructing the neighboring roads and placing the foundations for the first wind turbines, with installation of the most important components scheduled for the summer.


The wind site is likely to become functional at the beginning of 2019.

Investment in new nuclear declines to five-year low

19/07/2018 09:39:00

Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.


EIB to back renewables in Belgium, Spain, Portugal

19/07/2018 09:32:00

The European Investment Bank (EIB) has approved more than EUR 3.4 billion (USD 3.96bn) in financing for clean energy projects globally, among which is an offshore wind farm in Belgium.


Daily (18.07.2018): German spot power price dropped by almost 5% on Tuesday, on stronger wind generation and reduced demand

18/07/2018 11:28:00

Oil prices increased on Tuesday, due to a decline in stocks and as two of four processing terminals in Venezuela are likely to close because of scheduled maintenance this month. Brent crude rose by 0.5% to $72.16 a barrel. However, WTI crude was almost steady at $68.08 a barrel.