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Bayer to migrate outside Germany over high electricity prices

The German major pharmaceutical company, Bayer warned that it may be forced to leave the country and to migrate its production to other countries, due to the Germany’s decision to phase out nuclear energy by 2022, a move that would push the electricity prices up.

read more... 08/08/2011

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Canada launched new ecoEnergy Innovation Initiative

Recently, the Canadian Government launched the new ecoEnergy Innovation Initiative, worth 97 million dollars which will be allocated for research studies, development and demonstration projects for green energy technologies.

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E.ON increases its bills despite a drop in gas costs

Despite a drop in gas wholesale prices, which hit the lowest level this year, E.ON became the last of the six energy suppliers to boost the bills for the consumers by 18% for gas and 11.4% for electricity from September, copying the earlier decision of British Gas, Scottish Power and Scottish & Southern.

read more... 08/08/2011

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Daily energy Overview, Friday, August 05, 2011

U.S. and Brent crude oil futures sharply decreased by more than 5 percent on Thursday, registering its highest one-day percentage loss since June 23 as investors sparked risks on rising worries over slowing economic growth.

read more... 05/08/2011

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Pattern to sign four new agreements with OPA

Pattern Energy Group LP and Samsung Renewable Energy announced the signing of four new agreements with the Ontario Power Authority (OPA) for purchasing power under which the companies are obliged to provide 870 MW of green power from wind projects to OPA, enough to supply power for over 300,000 homes yearly.

read more... 05/08/2011

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