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Main aspects of British proposed power market reform
Britain proposed legislation for a major overhaul of its electricity market that will encourage investment in low-carbon types of energy to help meet legally binding emissions-reduction targets. The government faces the challenge of keeping bills affordable for consumers while ensuring intermittent renewable energy is backed up by stand-by power plants and safeguarding tax revenues from oil and gas exploration.
read more... 12/12/2012
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
Areva to build a new wind turbine factory in Scotland
French nuclear and renewables group Areva has signed a contract with the investment agency Scottish Enterprise to site one of the three new factories it is opening in Europe, in Scotland, the plant would manufacture turbines for use off the coast of the UK, each generating 5 megawatts of electricity, which could supply 6,000 homes per year and could create up to 750 jobs.
read more... 20/11/2012
Centrica to abandon UK nuclear by focusing its expansion in the US
Centrica intends to concentrate investments in the U.S., if it decides to withdraw from new nuclear power stations in the UK. It considers the prospect of higher profit margins and huge opportunities in the shale gas boom. According to senior company sources, only a remarkable change in Government policy on subsidising nuclear power would create a business case for investment.
read more... 19/11/2012
Bulgaria to sign a gas supply contract with Gazprom
According to Gazprom CEO Alexei Miller, the final investment decision on the construction of the underwater section of the South Stream gas pipeline is to be taken by the middle of November while the construction is to start at the beginning of December.
read more... 15/11/2012