Latest news
Germany: Coal consumption to grow
Following the Fukushima nuclear disaster, Germany decided to phase-out nuclear power by 2022. As a result, this decision has created a loss of about 12.7 GW, and despite many investments in the renewable energy sector, the gap should be filled with coal and gas, to ensure the country's energy future.
read more... 02/10/2012
Iberdrola to sell a stake in UK power grid to reduce its debt and finance further investments
Spanish power company Iberdrola, which owns the Scottish Power, is envisaging the sale of a minor stake in its UK power grid, valued at 4.5 billion pounds ($7.3 billion), as a strategy to reduce its debt and to fund the upgrade of Scottish electricity transmission grid.
read more... 28/09/2012
Greece reveals new projects to improve gas infrastructure
The Greek National Natural Gas System Operator (DESFA) announced a new 1.7 billion Euros investment plan which aims to increase domestic and industrial usage of natural. The objective is to augment the use of gas to 100% within the next 10 years, reducing oil consumption and lignite production. For this reason DESFA has launched many new projects.
read more... 25/09/2012
Germany will stop to subsidize new fossil fuel-fired power plants
The German government announced on Monday it will not continue to incentivize the construction of new fossil fuel-fired plants by contributing up to 15% of the investment costs.
read more... 22/08/2012
Germany’s KfW Bankengruppe to invest 100 billion euro in renewable energy
Germany’s KfW Bankengruppe is facilitating renewable energy and energy efficiency investments in Germany and decided to lend 100 billion euro over the next five years. This boost is aimed to decrease investment risk and accelerate the country’s shift to renewable energy.
read more... 13/08/2012