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Tesla offers $2.8 billion to acquire energy company SolarCity

Elon Musk’s Tesla has made a stock agreement proposal of $2.8 billion (£1.9bn) to acquire his clean energy firm SolarCity.

read more... 23/06/2016

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Siemens reveals offshore wind cost-reduction strategy

Siemens declared this week that its offshore wind projects are likely to produce electricity for a levelized cost of energy (LCOE) of 8 €cents/kWh by 2025, an improvement on its 2020 target of 10 €cents.

read more... 23/06/2016

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Daily: Crude oil prices loss ground in choppy trading before Brexit vote

Crude oil prices declined on Wednesday after the U.S. government unveiled a smaller-than-expected stockpile drawdown and as investors were preoccupied about Britain's upcoming vote on whether to stay in the European Union. Brent contract for August delivery lost 74 cents, or 1.5 percent, to settle at $49.88 a barrel. U.S. crude futures initially rebounded to a session high of $50.22 a barrel before falling to a settlement of $49.13, though were still firm versus the previous close of $48.85.

read more... 23/06/2016

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Brexit is likely to raise UK power prices

Using its fundamental analysis model, KYOS has quantified the potential implications of a Brexit. The analysis suggests a 9.5% increase in GB power prices in 2020.

read more... 23/06/2016

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German government agrees an unlimited ban on shale gas fracking

German government has agreed to ban fracking for shale gas for an indefinite period on Tuesday, but would permit test drilling to be carried out if state governments allow it.

read more... 22/06/2016

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