Latest news
IEA: global installed PV capacity to reach 230 GW by 2017
IEA expected great growth in renewable energy markets by 2017, while the photovoltaics industry is expected to scale up the fastest and is forecasted to reach about 230 GW in 2017, compared to just 11 GW of concentrating solar power (CSP) capacity now. Solar power will contribute with about 5% to renewable energy generation in 2017.
read more... 12/07/2012
French government to impose one-off 4% tax on oil stocks
France has recently revealed that it would impose an exceptional tax on oil inventories that will cost French refiners and distributors 500 million euros ($624 million).The move came to help country’s depleted budget, but it is likely to hurt refining industry.
read more... 11/07/2012
Daily: UK gas plunges 7% after Norway strike end
Brent crude declined below $99 a barrel on Tuesday on Chinese low crude imports data in June and on the alleviation of worries about supply disruption following the end of labour strike in Norway’s oil industry.
read more... 10/07/2012
EU oil ban on Iran came into force
The UN Security Council, which comprises 5 permanent members and one non-permanent, has imposed a number of restrictions aimed to punish Iran over its nuclear program, being the most stringent and drastic oil embargo put ever on Iran’s oil industry.
read more... 03/07/2012
Japan gives green light for feed-in-tariff scheme
Japan’s Ministry of Industry approved the introduction of feed-in-tariffs for renewable energy on 18 June, as the country shifts towards green energy in the wake of last year’s Fukushima nuclear disaster.
read more... 26/06/2012