Latest news
EIB to finance Enel Green Power projects in Romania
The European Investment Bank (EIB) would lend to Enel Green Power 200 million euros to cover in some measure investments for some wind farms in the Banat and Dobrogea regions of Romania. The 15-year loan will partially cover investments in EGP’s wind power projects, and has a pre-repayment grace period of up to two and a half years.
read more... 09/12/2013
Hinkley Point deal uncertain, once again
The European Union is likely to open an official inquiry into whether the Hinkley Point nuclear deal breaks the EU rules on competition. Britain in October signed a deal with EDF to build a nuclear plant at Hinkley Point in southwest England and became the first European country to offer a guaranteed power price over 35 years for a new nuclear project. Britain has said it is confident it will get clearance, but a formal European Commission probe could take years, throwing uncertainty over the nation's plans.
read more... 03/12/2013
UK: RWE has stopped development on the Atlantic Array offshore wind project
RWE, one of the big six energy companies in the UK, has announced the cancellation of one of the world’s largest offshore wind farms due to political rows and policy uncertainty. The wind farm in the Bristol Channel Zone would have provided clean energy for almost 1 million hoseholds and provided thousands of jobs in the construction phase.
read more... 27/11/2013
CO2 emissions at their highest level ever in 2012
According to a new research made by Global Carbon Project, a group of international scientists from the UK, Norway and Germany, global greenhouse gas emissions from burning fossil fuels reached the highest levels in human history last year and are likely to grow even further this year.
read more... 25/11/2013
UK to stop funding coal- fired power plants overseas
Ed Davey, Britain's energy secretary, has announced on Wednesday that the UK, as the US, would stop funding coal projects in developing countries. The objective is to cut greenhouse gas emissions and to encourage low-carbon development. The announcement was made at United Nations climate talks in Warsaw where the fossil fuels have been at the centre of a storm. About 90% of the Poland's electricity comes from coal, and the government has been resistant to EU calls to strengthen emissions reduction targets.
read more... 21/11/2013