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Coal India to invest in solar power
The largest coal company in the world, Coal India, has announced it intends to invest in solar power aiming to reduce energy bills and to cut costs. The company, which is responsible for more than 80 % of coal production in India, intends to install a 2MW plant at its Sampalbur coal plant in Odisha. The plant will have the potential to be scaled up to provide excess electricity to the grid.
read more... 10/06/2013
Siemens proposes to Germany a new energy transition concept
Germany could save over €150bn by 2030, reducing in such a way the cost of its transition to renewable energy from nuclear power, according to a new study released by Siemens, Europe’s biggest engineering company.
read more... 10/06/2013
Spanish market for concentrated solar power is the largest one all over the world
The Spanish market for CSP is the biggest one in the world. The concentrating solar thermal reached 1953.9 MW of cumulative installed capacity in 2012 and it is expected that by 2020, Spanish CSP could reach 20,000 MW. In 2012, the installed capacity in Spain increased significantly as many projects with a capacity of more than 50MW started to operate. According to EurObserve’ER, Spanish electricity generation from Concentrated Solar Power reached 3,432 GWh in 2012, more than doubling in comparison to 2011.
read more... 06/06/2013
Daily: European spot power prices drop on higher temperatures in France, Germany
Brent crude oil futures declined considerably before the session close on Wednesday following reports of the imminent restart of a vital U.S. refinery added pressure to the international benchmark’s premium to U.S. oil. Brent futures ended 20 cents lower at $103.04 per barrel, after trading as high as $104.07, the contract's first run above $104 in five sessions. U.S. crude futures closed 43 cents higher at $93.74 per barrel, after trading as high as $94.48.
read more... 06/06/2013
UK could hold enough gas to power the country for 60 years: study shows
Northwestern England could hold enough gas to power UK for about 60 years, according to a report released by British gas producer iGas PLC.
read more... 05/06/2013