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Daily: British prompt gas hits one-week high on cold weather, weaker imports
Brent crude futures traded above $107 a barrel on Friday, as a cold snap in the United States boosted demand for heating oil and dragged down the country's stockpile of crude and distillates. Brent crude climbed 6 cents to $107.64 a barrel by 07:56 GMT, ending 69 cents lower in the previous session following weak manufactory activity figures from China, the world's second-largest oil consumer. Meanwhile, U.S. oil rose 24 cents to $97.56, extending gains after settling 59 cents up.
read more... 27/01/2014
China reached a new solar record in 2013
Chinese developers installed a record 12 GW of solar panels throughout the country in 2013, almost matching the total amount of solar power in operation in the United States, and it is likely that in 2014 it will exceed that record reaching 14GW of additional PV capacity. Until now, no one has ever added more than 8GW of solar power in a single year previous to 2013, and China’s record exceeded even the most optimistic estimates of a year ago.
read more... 24/01/2014
European Commission sets new 2030 climate goals
The European Union trimmed its long-term climate and energy goals on January 22, proposing less tight targets than previously amid rougher economic conditions and the necessity to curtail increasing energy costs.
read more... 24/01/2014
Eolus and Google have signed a new contract for a new wind farm
Google has signed a new agreement to buy all electricity generated from four winds farm in southern Sweden. The project will consist of 29 turbines, having a total capacity of 59 MW, and is likely to be fully operational by 2015. Eolus and Google have announced that planning permission has been granted.
read more... 23/01/2014
Npower: British energy bills set to rocket by more than £200 by 2020
British energy bills are expected to increase over £200 by 2020, unless energy efficiency measures are embraced, driven by costs of government green policies, according to a controversial report recently released by the energy supply Npower. It reiterated that households should take more initiatives to insulate their homes, cutting in such a way the bill to £1,240.
read more... 23/01/2014