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Newest offshore wind farm of DONG Energy was inaugurated in UK

DONG Energy, the Danish energy company, has inaugurated its newest offshore wind farm, of a 172 MW capacity, called Gunfleet Sands, off the Essex coast in the UK, enough to supply power to 125,000 households.

read more... 18/06/2010

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New contract for GDF Suez in Saudi Arabia

The French energy giant announced about the signing of a new contract for the construction of a 1730 MW power plant in Saudi Arabia. The new plant would be built as an Independent Power Project (IPP), 125 km west from Saudi Arabia capital, Al Riyadh. Simultaneously, GDF signed the contract to sell the electricity produced at this plant to Saudi Electric Company (SEC). The duration of the contract is 20 years.

read more... 16/06/2010

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European spot prices decreased on weather forecast

European spot prices decreased last two days on cooler weather forecast and larger power supply.

read more... 16/06/2010

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The power capacity in Germany expected to increase by 12.3%

Power producers and transmission companies reported to energy exchange EEX that German power plant availability is expected to increase by 12.3% to 60,894 megawatts (MW) in the week to June 18, according to data from the bourse published on Friday.

read more... 15/06/2010

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New finances for Areva group to finish Olkiluoto nuclear reactor

French nuclear group Areva is preparing to take a loan of approximately 380 million euros for the completion of the construction of the Finnish nuclear reactor Olkiluoto, which is scheduled to start generating power by the end of 2012, with a delay of more than three years.

read more... 09/06/2010

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