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Scottish and Southern Energy sold three of its wind farms for 173.6 million pound sterling

According to Gregor Alexander, the finance director of the Scottish and Southern Energy (SSE), the company has sold three of its wind farms with a total installed capacity of 100 MW for a total amount of 173.6 million pounds sterling, to Infinis, a British renewable energy operator.

read more... 19/04/2011

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Alstom Grid to reinforce the Saudi Arabian electricity network

Alstom Grid a unit of French heavy engineering group Alstom has won two contracts valuing at €57 million for five substation extensions and two new units in Saudi Arabia.

read more... 19/04/2011

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Chevron’s chairman criticizes oil tax hike at North Sea

The head of Chevron, has criticized the recent tax hike on gas and oil production in North Sea saying that the decision could have “unintended consequences”.

read more... 19/04/2011

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Daily energy Overview, Monday, April, 18, 2011

U.S. and Brent crude futures extended gains on Friday supported by improving U.S. consumer confidence and supportive manufacturing data in China. ICE Brent crude for June delivery increased to 123.45 dollars a barrel, up 1.45 dollars, after a trading range between 121.59 and 124.02 dollars, while U.S. crude for May delivery traded at 109.66 dollars a barrel, up 1.55 dollars after a trading range from 107.21 to 110.10 dollars.

read more... 18/04/2011

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EIB to finance small and medium renewable energy projects in Italy

The “renewable” agreement was signed between the European Investment Bank (EIB) and Banca Monte dei Paschi di Siena (BMPS Italy) and makes part of the European Investment Bank objectives for sustaining European economy, as well a component of the agreement signed two years ago between EIB and the Italian Banking Association and Confindustria.

read more... 18/04/2011

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