Latest news
Enel investments in Spain’s energy sector at risk
Enel, Europe's second utility in terms of installed capacity, has announced recently that its future funds in Spain’s energy sector could be at risk unless the energy reform was revised. The Spanish government imposed a 7% levy on all incomes from power generation at the beginning of 2013, and approved a second wave of reforms in July.
read more... 05/08/2013
The EIB has granted Spain a €475m loan for power grid upgrade
The European Investment Bank (EIB) has granted to Spain’s Gas Natural Fenosa a 475 million euro loan for upgrading its power grid. The loan have the objective to support utility firm Gas Natural Fenosa’s four-year programme of investment in upgrading and expanding the overhead distribution network, laying underground cables and building substations.
read more... 16/07/2013
Green energy situation in Italy
The renewable energy sector in Italy is one with the highest potential in Europe, being today a leading producer of electricity from renewable sources. The solar PV capacity has seen a great success, growing 3000% over the past three years. The wind market has also seen constant high levels of investment, with the number of installations increasing by almost 40% in 2012.
read more... 03/07/2013
Scottish Power to invest 5.2 billion pounds in upgrading its power network
Energy giant ScottishPower has announced it plans to invest 5.2 billion pounds in upgrading its ageing power network. The energy firm has presented its proposals to Ofgem delineating the plans for expansion between 2015 and 2023. The investment would see more than 62 miles of power cables and 30,000 substations upgraded.
read more... 02/07/2013
UK unveils GBP 10 billion of financial guarantees for Hinkley Point nuclear reactor
The UK government has announced its initiative to encourage investment in nuclear power by offering 10 billion pounds (GBP) (15.2 billion US dollars, 11.6 billion euros) of financial guarantees to French generator EDF for the construction of a new nuclear plant at Hinkley Point.
read more... 02/07/2013