Latest news
Spanish utility Iberdrola to sell 5 bilion euros in assets to curb its debt
Spain’s largest utility Iberdrola is planning to slash investments and to sell as much as 5 billion euros ($6.5 billion) in assets as part of a strategic plan that aims to curb debt and maintain profitability.
read more... 25/10/2012
GDF Suez to open hydroelectric plant in Brazil
GDF SUEZ subsidiary Tractebel Energia has unveiled the 1,087MW hydroelectric power plant at Estreito in Brazil.
read more... 19/10/2012
Ireland will miss to meet the 2020 EU targets
According to the EU- funded “Sustainable Energy for the Rural Village Environment” (SERVE) project, Ireland is to miss its EU energy efficiency target by 2020. The project stated that about 90,000 buildings will need important improvements every year by 2020, even if this year less than 50,000 buildings undergo energy upgrades.If Ireland doesn’t reach its objective by 2020, it will have to pay severe penalties.
read more... 03/10/2012
IAEA: nuclear energy will register a slowdown in growth by 2030
The general director of International Atomic Energy Agency, Yukiya Amano announced at the IAEA’s 56 general conference in Vienna, that nuclear power will maintain its importance in several countries, despite the Fukushima disaster. He also added that there will be a steady increase in the number of nuclear power plants worldwide in the next 20 years.
read more... 02/10/2012
Iberdrola to sell a stake in UK power grid to reduce its debt and finance further investments
Spanish power company Iberdrola, which owns the Scottish Power, is envisaging the sale of a minor stake in its UK power grid, valued at 4.5 billion pounds ($7.3 billion), as a strategy to reduce its debt and to fund the upgrade of Scottish electricity transmission grid.
read more... 28/09/2012