Europe should follow France in reducing carbon emissions

09/02/2018 14:41 Renewable

news

Eddie O’Connor, the Founder and Chairman of Mainstream Renewable Power suggests that European countries should follow the advice given by French President Emmanuel Macron and cooperate to develop an interconnected energy market based on renewable energy instead of fossil fuels.  

He also said that establishing links between the states with a “super-grid” would enable the delivery of cheaper electricity to consumers across Europe and allow the continent and the EU to reach its climate targets.

 

This suggestion came from President Macron’s recent plan where he reveals his intentions to “ecologically transform” the continent. 


Mr. O’Connor also considers that this can be attained by getting an architect to design a “meshed grid” to operate as an “electric super-highway”, carrying electricity between countries. For example, the wind generation from Ireland could supply customers across Europe during stormy weather, while Spanish solar power could light up homes in Dublin during sunny times.


The Chairman declared: “Last year, for the first time ever, Europe generated more electricity from wind, solar and biomass than from coal. This is a clear sign that a transformation is underway, but we need to go further, faster.”


Recently, a new high power charging network for electric vehicles across European cities and motorways has been announced.

Russia ready to invest $50 billion in Iran’s oil & gas projects

16/07/2018 09:20:00

Ali Akbar Velayati, Ayatollah Ali Khamenei’s top diplomat, said after the meeting with President Vladimir Putin, that Russian President has announced his country’s readiness to make $50 billion of investment in Iran’s oil and gas projects.

<READ MORE

GE plans to build Poland's most efficient coal plant

16/07/2018 09:09:00

GE Power and Elektrownia Ostroleka signed a contract to build Ostroleka C, an ultra-supercritical (USC) coal-fired thermal power plant in the northeast of Poland, GE announced on Thursday.

READ MORE

Daily(13.07.2018): NBP spot price fell by 2.5% on Thursday due to expectations for lower demand

13/07/2018 11:21:00

Oil prices were mixed on Thursday, spurred by news that the U.S. market has been undersupplied due to the loss of some Canadian oil production. Brent crude surged by 1.4% to $74.45 a barrel. Meanwhile, WTI crude edged 0.1% lower at $70.33 a barrel, as inventories at the Cushing delivery hub had fallen by almost 1M barrels.

READ MORE