Latest news
China ranks first among top renewables energy investment sites
China currently offers the greatest opportunities in the world for renewable energy investment, while India has the strongest potential for conventional power investors, according to a report released by analysts at PA Consulting - ‘Mapping Energy Investment Potential Around the World’.
read more... 26/06/2013
Daily: German year-ahead power contract hits an eight-year low
Brent crude futures traded below $101 a barrel on Monday, hit by a stronger dollar and worries about passive growth in demand for oil in the United States and China. Meanwhile, Brent crude dropped 25 cents at $100.66 a barrel by 02:41 GMT on Monday and U.S. oil slipped 9 cents to $93.60 a barrel.
read more... 25/06/2013
ENEL to sell its Marcinelle power plant in Belgium to Gazprom
Italy's Enel SpA has decided to sell its Marcinelle power plant in Belgium to Russia's OAO Gazprom, for 227 million euro on a cash and debt free basis, as the biggest Russian company intends to enhance its presence in Europe's power production sector where it supplies 25% of gas requirements.
read more... 24/06/2013
UK: Electricity prices to double in the next years to come in comparison to those in Germany
A new report offered by bank Credit Suisse stated that UK electricity prices could almost twice those in Germany in the next three years because of the impact of a new tax intended at supporting renewable power production. The report showed that wholesale prices could increase in comparison to those in Germany by 85% in 2016-17 and would maintain the trend in general for the next 7- 10 years.
read more... 24/06/2013
EIA: Natural gas demand to slow by 2018
The IEA has currently released a new report according to which the natural gas demand for power generation will slow in the next five years because of a decline in EU demand and problems in the Middle East and Africa with upstream production boost.
read more... 21/06/2013