Many Western banks are divesting from the coal industry, nevertheless, Polish Energa fossil fuel project is funded through banks and the European Investment Bank. The main scope for Poland is to protect 80,000 jobs in national coal mines. Public opinion in the West is against the use of polluting fossil fuels. Pressure is high, like in December 2015 when Paris Agreement on climate change was promoted by U.N., society pledges to quit coal.
read more... 27/04/2017
Great challenges bring great opportunities, they say. However, according to several industry studies from top consulting firms, the utility industry is not keeping pace with other market segments in terms of digitization.
read more... 04/04/2017
Offshore Renewable Energy (ORE), based in the UK, estimated in a recent report that the offshore wind industry can bring around £2.9bn to the British economy by 2030.
read more... 30/03/2017
European Royal Dutch Shell plc, American Chevron Corp and Exxon Mobil Corp have announced the oil industry's return to the Gulf of Mexico's deep waters with greater bids in a government auction up 76 % over a year ago.
read more... 23/03/2017
Nearly 90 percent of new energy capacity added to the grid across the European Union in 2016 came from renewable sources, according to a report published by a wind industry group.
read more... 10/02/2017