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German government suggests reducing support for onshore wind energy
The German government has suggested cutting support for onshore wind energy by 7.5 percent for two years starting from January 2017, as mentioned in a draft proposal for a meeting on green energy between the federal government and Germany's 16 states.
read more... 12/05/2016
Daily: Brent up over 4% on first U.S. crude stockpiles drawdown since March
Crude oil prices increased on Wednesday, with Brent up more than 4 percent for a second consecutive day, after the U.S. government declared that crude stockpiles declines the first time since March, growing concerns over supply disruptions in Canada and Nigeria. Oil markets prolonged gains after the data release. Brent crude futures rose $2.08, or 4.6 percent, to settle at $47.60 per barrel. In the previous session it increased by 4.3 percent. U.S. crude's West Texas Intermediate futures boosted $1.57, or 3.5 percent, to close at $46.23.
read more... 12/05/2016
Enbridge acquires 50% stake in large-scale French offshore wind project
EDF Energies Nouvelles, EDF Group subsidiary dedicated to renewable energy has entered into an agreement with the Calgary-based company Enbridge Inc., a leader in the North American energy sector. By this deal, Enbridge Inc. will replace EDF's original consortium partner Dong Energy of Denmark.
read more... 11/05/2016
French regulator will allocate energy purchasers to new suppliers
Corporate French gas or electricity purchasers who have not moved from regulated tariffs to a market-based offer by July 1 will be allocated a new supplier chosen by energy market regulator CRE, as stated by CRE on Tuesday.
read more... 11/05/2016
Gamesa enters the offgrid sector
Gamesa has disclosed its first energy system aiming the supply of electricity in regions with no grid access.
read more... 11/05/2016