Power plants built by Germany’s Siemens in Egypt are expected to enter into operation in December this year and will attain the full capacity of 14,400 megawatts in May 2018, according to Egypt’s cabinet.
read more... 09/08/2016
French power utility Engie and Powerdale will supply to Luxembourg 800 public electric power charging stations by 2020, as stated by Engie on Monday.
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Crude oil prices climbed over 3 percent on Monday amid fresh speculation that OPEC would try to cut output, reducing supply glut worries that had pushed the market into three-month lows last week. U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.22, or 2.9 percent, to settle at $43.02 per barrel. WTI reached April lows below $40 a barrel last week. Brent crude increased $1.12, or 2.5 percent, to close at $45.39.
read more... 09/08/2016
U.S.-based energy company GE has inked a deal with one of the largest independent wind energy companies India- based Mytrah Energy, for the development of a 200MW wind energy project in Andhra Pradesh, India.
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The Australian Government has given approval for a combined wind and solar park in Southern Australia.
read more... 08/08/2016