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UK to amend subsidies for dirty coal-fired power plants
The British government said on Monday it plans to amend the latest draft of its proposed energy capacity market to exclude long-term subsidies for ageing coal plants, succumbing to the pressure from environmental campaign groups.
read more... 05/08/2014
India on the fifth position in global wind energy sector
Wind is the most promising renewable energy source in India, with the sector alone representing 68% of the total renewable energy generated in the country, according to India's ambassador to the UAE T P Seetharam.
read more... 04/08/2014
France unveils its long-awaited energy transition law
The French long-awaited green energy bill was unveiled last week, being approved by the cabinet. France will mobilise about 10 billion euros ($13.41 billion) for a package of tax breaks, low-cost loans and bonuses to spur investment in renewable energy and curb the country’s oil and gas bill, according to declarations made by Energy Minister Ségolène Royal.
read more... 04/08/2014
Daily: Crude oil prices drop on supply glut, weak demand
Brent and U.S. crude futures dropped on Friday, hitting the weakest settlement prices in months, as supply glut in the Atlantic basin and low demand offset worries over political conflicts in the Middle East, North Africa and Ukraine.
read more... 04/08/2014
Bulgaria to sign an important nuclear deal with an American company
Bulgaria, one of the five European States that is totally reliant on Russian nuclear fuel, inked a shareholder agreement with Westinghouse Electric Company, an American nuclear engineering company for the construction of a new atomic reactor estimated to cost $5 billion.
read more... 04/08/2014