Latest news
Sweden prefers renewables to nuclear
Recently Sweden's energy minister, Anna-Karin Hatt, has announced that the government will not subsidize new nuclear power plants, favoring renewable investments. Electricity production in Sweden is dominated by nuclear power and renewables, which currently make about equal contributions to energy production- about 40%.
read more... 30/05/2013
EIB to provide 215 million euro loan for electricity and gas to Greece
The European Investment Bank (EIB) is providing two loans for a total amount of about 215 million euro having the objective to help increase energy security and support efficiency in Greece.
read more... 21/05/2013
EU’s urgent need for investments in power sector
An inquiry carried out by the House of Lords into the EU power sector concluded that European Union’s energy network needs an investment of about 1 trillion euro in the next ten years to come in a move which aims to stave off an energy crisis.
read more... 07/05/2013
BNEF: Green energy investments to triple by 2030
According to a new report offered by Bloomberg New Energy Finance, annual investments in renewable energy is likely to almost triple by 2030. Renewable energy systems will account for between 69% and 74% of all new power capacity added worldwide by 2030 due to the decrease in the cost of solar and wind energy technologies.
read more... 24/04/2013
Oil production of five main international oil companies decreased 25% since 2004
Crude oil production of Exxon, BP, Shell, Chevron and Total has fallen by 25.8% over the past twelve years, after beating an historic high in 2004 when total combined crude production reached 10.76 million barrels a day. The production has fallen despite huge growth in their investments, allowed by the significant increase in crude oil prices practiced since late 2000.
read more... 22/04/2013