Latest news
China boosts its solar subsidies in 2012, soaring Chinese solar stocks
China has boosted subsidies for its solar industry by 7 billion yuan ($1.1 billion) in 2012 to a total of 13 billion yuan, the government said on Wednesday, move aimed to help manufacturers crippled by excess capacity and fading foreign demand.
read more... 13/12/2012
The European investment Bank to provide a 155 million euro loan to Bord Gàis
The European Investment Bank (EIB) has granted a 155 million euro loan to Irish energy company, Bord Gàis, to support the construction of six onshore wind farms, in Counties Tipperary, Clare and Kilkenny, with a total combined capacity of 141 MW.
read more... 05/12/2012
Total announces new oil discovery in North Sea
The French operator Total announces that it has made an oil discovery in the Garantiana prospect located in the Norwegian North Sea, which is expected to contain 25 million to 75 million barrels of recoverable oil and is situated 185 kilometers northwest of Bergen and 30 kilometers northeast of the Visund Field, at water depths of 384 meters.
read more... 04/12/2012
IEA: U.S. could be self-sufficient in gas by 2035
U.S. natural gas production is likely to increase by about 29% from 21.6 trillion cubic feet in 2010 to 27.9 trillion cubic feet in 2035, with shale gas accounting some 49% to about 5 trillion cubic meters of the US total natural gas production in 2035, according to the World Energy Outlook launched by the International Energy Agency. The study sustains that the U.S. holds about 1,744 trillion cubic feet of technically recoverable natural gas which is sufficient to supply the country for 90 years at current rates of production.
read more... 29/11/2012
Vestas unveils a further 3,000 jobs cut
Vestas, the Danish wind turbine maker, announced it will cut a further 3,000 jobs, planning to reduce its total headcount to 16,000 by the end of 2013.
read more... 08/11/2012