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Debt-crippled RWE slashes investments in renewable energy business
RWE Innogy, the renewable branch of Germany’s No.2 utility RWE, plans to slash its investments in renewable energy business to 1 billion euros ($ 1.2 billion) between 2015 and 2017 amid a crisis in the power sector which has triggered an accumulated debt of 31 billion euros ($36.7 billion).
read more... 13/01/2015
Ukraine increased by 59% its gas imports from Europe in 2014
Europe increased its natural gas flows towards Ukraine by 143% year on year, or 3 billion cubic meters, to 5.1 Bcm in 2014, up from 2.1 Bcm in 2013, as reported on Monday by state-owned gas shipper UkrTransGaz. Ukraine imported European gas via Slovakia, Poland and Hungary.
read more... 06/01/2015
UK wind power breaks a new record high
Wind powered more than a quarter of British homes in 2014, according to advocacy group RenewableUK, citing statistics from National Grid.
read more... 06/01/2015
Daily: European spot power prices jump reflecting stronger heating demand amid cold spell
Crude oil prices dropped on Monday, dropping more than $1 a barrel, dragged down by market’s fears about supply glut and dipping to their lowest level since May 2009. Global benchmark Brent crude decreased $1.57 to close at $57.88. U.S. crude tumbled $1.12 to end at $53.61 a barrel, following Brent downward.
read more... 30/12/2014
Russia: Gazprom decided to purchase European partners out of South Stream pipeline
Gazprom has decided to purchase its European associates Wintershall, EDF and Eni out of the fragmented South Stream gas pipeline project, as stated by the companies on Monday.
read more... 30/12/2014