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Daily: Brent crude drops on weak economic data from China
Brent crude oil futures declined on Thursday since weak economic figures in China compensated fears over eventual supply interruptions that could be triggered by the conflict between Russia and Western powers over Ukraine. Meantime, U.S. crude futures posted a moderate gain, as bullish retail sales and labor market data increased the optimism about the economy and offset worries over China.
read more... 14/03/2014
Britain: 12 GW of power plant capacity to be taken offline by the end of 2023
About 12 GW of power plant capacity might be taken offline in Britain by the end of 2023, because of tougher European Union pollution laws, according to Reuters estimates published on Wednesday. Britain’s main goal is to ascertain a varied, low-carbon and efficient energy mix so as to cut emissions and offer consumers the best transaction, as stated by a spokeswoman from the UK’s Department of Energy and Climate Change.
read more... 13/03/2014
Italy: shutdown of 2 Vado Ligure coal units
Tirreno Power, an Italian electricity generation company, owned 50% by France’s GDF Suez, has received an order from an Italian judge to shutdown two coal-fired units at its Vado Ligure plant because of ecological concerns, as stated by a spokesman for the Italian firm.
read more... 12/03/2014
Alstom: first wind turbine order from South Korea
Alstom has won its first order from GS Electrical Power & Services, based in South Korea, to provide and install turbines for the 30MW Gimnyeong wind farm situated in Jeju Island.
read more... 12/03/2014
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