Latest news
Japan poised to surpass China as the largest solar market in the world
China risks losing its crown in terms of world’s largest solar market after some projects authorizations were postponed and delayed.
read more... 02/12/2014
Daily: European power prices soar on strong demand due to colder weather
Crude oil prices increased by 5 percent on Monday, recovering from five-year lows, posting the largest daily gain since 2012, spurred by fears that the robust U.S. shale output criticized for the global oil oversupply is expected to shrink. Benchmark Brent crude oil rose by $2.39 to settle at $72.54 a barrel, after recording a session peak at $72.73. U.S. crude boosted $2.85 to close at $69 a barrel, after firstly plummeting to a five-year bottom at $63.72.
read more... 02/12/2014
Russia to quit South Stream pipeline amid intensifying tensions with the West
Russia dropped the Gazprom’s South Stream pipeline project on December 1, blaming the European opposition to the South Stream plan and instead appointed Turkey as its favourite partner for an alternative project.
read more... 02/12/2014
Sweden: Vattenfall to put on standby its nuclear plans
Swedish power group Vattenfall, will give up its plans to build new nuclear power reactors because of a new government, including Green Party, which is not supporting them, setting up an energy commission tasked with achieving a 100% renewable electricity system.
read more... 01/12/2014
E.ON to split in two its business to focus on renewables
E.ON, the largest utility in Germany, unveiled it plans to split in two its business after a crisis hit the European energy sector.
read more... 01/12/2014