Latest news
Power from the Hinkley C nuclear generator could be too expensive
Jim Ratcliffe, the boss of one of the UK's biggest energy consumers, the chemical company Ineos, which owns the Grangemouth oil refinery in Scotland has warned that nuclear power from the Hinkley C generator, will be too costly in comparison to energy from elsewhere.
read more... 17/12/2013
Argyll Array: High costs kill off another giant offshore wind farm project
Scottish Power has decided to scrap its plans to build the £5.4bn world's largest offshore wind farm, after four years of planning, citing it as “not financially viable". Some other challenges the project is facing with is tricky ground and wave conditions and the presence of protected sharks.
read more... 16/12/2013
Vestas has been awarded a 59 MW wind contract from Swedish Eolus
Danish wind giant Vestas has been awarded a contract from Eolus Vind to provide wind turbines a mounting 59MW for four power projects in Sweden.
read more... 13/12/2013
Daily: German spot power up on colder weather, while French contract tumbles
Brent crude oil boosted on supply worries as traders were doubtful that Libyan oil exports would resume, while U.S. crude dropped after government data showed a big increase in refined oil products, showing a sluggish oil demand. Brent crude oil boosted 32 cents to settle at $109.70 a barrel, after reaching a session low of $108.62. U.S. crude futures for January delivery eased $1.07 to $97.44.
read more... 12/12/2013
Europe threatened by blackouts
Energy companies informed that Europe could face power blackouts if the economy in Europe would improve while energy provision would remain inadequate. Energy security in Europe is under menace and the area could soon be exposed to substantial power outages during this winter, due to a lack of production capacity.
read more... 11/12/2013