Latest news
Greece suggests new law to reduce solar power deficit
Greece revealed on Friday a draft law to reduce solar power prices by almost 30% aiming to cover a financial gap of approximately 1 million euro in the energy sector’s funds. Meanwhile, a price slash of about 5% is estimated for wind energy producers.
read more... 10/03/2014
AREVA in talks with Niger on uranium contracts
Areva nuclear group, based in France, has made an essential step in talks with the Niger government on new contracts to extract uranium, as stated on Friday by Luc Oursel, the chief executive officer of the company.
read more... 10/03/2014
Daily: French, German spot power prices mixed on Friday
Crude oil prices jumped on Friday after the aggravation of diplomatic relations between Ukraine and main oil producer Russia which stoked supply fears. Global benchmark Brent crude oil rose 90 cents to settle at $109.00 a barrel. Meanwhile, U.S. crude boosted by $1.02 to close at $102.58, encouraged by U.S. job growth at a quicker pace than anticipated on optimistic signs for oil demand.
read more... 10/03/2014
Italy’s Edison in negotiations to acquire two Israeli gas fields
Edison, Italian utility owned by EDF France, is in negotiations to acquire the Tanin and Karish gas fields offshore Israel from Delek Drilling and Noble Energy, U.S. explorer, at a total capacity of about 70 billion cubic metres, according to two sources familiar with company’s plans.
read more... 07/03/2014
UK: 100 billion pounds more investment needed so as to meet 2020 carbon targets
Around 8 to 10 billion pounds are being annually spent for low-carbon energy in Great Britain, or a total of maximum 100 billion pounds over a 10-year period, which is less than half of the level estimated to be invested for attaining 2020 carbon targets, as stated by lawmakers on Thursday.
read more... 07/03/2014