Articles - Past and present news from The Energy Industry Times

Fossil fuels subsidised by $10 million every minute, according to IMF

• 8 years ago (2015-05-18)
• Junior Isles

A startling new report by the International Monetary Fund (IMF) has today stated that fossil fuel companies receive some £3.4 trillion ($5.3 trillion) in subsidies each year – which is equivalent to nearly $10 million every day.

ZF to acquire Bosch Rexroth wind turbine operation

• 8 years ago (2015-05-14)

The deal provides ZF with a ready-made entry point into the industrial gears market, as well as underpinning its existing wind turbine gearbox activities - especially as the Beijing factory is aimed solely at producing wind turbine gearboxes.

Stefan Sommer, ZF CEO, said: "The acquisition of the industrial gears and turbine gearbox of Bosch Rexroth AG is an excellent supplement to our industrial technology portfolio and opens up new customer groups."

Bosch Rexroth's large gearbox business generated about $340.9 million in sales last year.

CEZ eyes central Europe assets

• 8 years ago (2015-05-13)
• Junior Isles

Czech power company CEZ says it is keeping an eye on potential investment in assets in central Europe that its Swedish and Italian rivals may sell, although it admits there are few immediate and attractive takeover targets.

Enel plans $9.9 billion capacity investment in Latin America

• 8 years ago (2015-05-11)
• Junior Isles

Italian renewable energy developer Enel Green Power has announced a $9.9 billion, 7 GW capacity addition and capital investment programme in Latin America.

Clean energy progress “falling well short” says IEA

• 8 years ago (2015-05-08)
• Junior Isles

The International Energy Agency has published its Energy Technology Perspectives 2015 (ETP 2015). The report shows that despite a few recent success stories, clean energy progress is falling well short of the levels needed to limit the global increase in temperatures to no more than 2°C.

E.On updates shareholders on reorganisation

• 8 years ago (2015-05-07)
• Junior Isles

In its annual shareholders meeting in Essen, E.On's Supervisory Board Chairman and CEO Johannes Teyssen updated shareholders on progress in dividing the company into the future E.On and a new company known as Uniper.

EU members agree market stability reserve for EU ETS

• 8 years ago (2015-05-06)
• Junior Isles

The EU-28 Member States and the European Parliament have agreed to introduce a market stability reserve in 2019 to tackle a glut of over 2 billion excess permits in the EU Emissions Trading Scheme (ETS).

Hungary confirms Paks nuclear deal with Russia

• 8 years ago (2015-05-05)
• Junior Isles

Hungary’s government has confirmed the deal for Russia's state-owned nuclear corporation Rosatom to build two new reactors at the Paks nuclear power plant (NPP).

Blackbird to build wave power plant in Guinea-Bissau

• 8 years ago (2015-05-05)
• Junior Isles

Energy firm Blackbird International, a global leader in renewable sea wave energy technology (WERPO), has announced that it will build a $500 million, 500 MW wave power plant along the coastline of Guinea-Bissau.

Japan, US miss UN climate change fund deadline

• 8 years ago (2015-05-01)
• Junior Isles

A key UN climate fund ran into difficult yesterday as major donors including Japan and the United States failed to meet a deadline for converting their pledges of climate aid into signed agreements.