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Blow to Scottish renewables as Aquamarine to downsize

  • 11 years ago (2014-12-04)
  • Junior Isles

Edinburgh-based company Aquamarine Power has launched a consultation process with staff about 'significantly downsizing' its business operation. The company, which has pioneered wave-power technology, looks set to cut its workforce from 50 to less than 20.

Siemens sells first H-Class gas turbine in Poland

  • 11 years ago (2014-12-03)
  • Junior Isles

Siemens has been awarded a contract for its advanced H-Class gas turbine in Poland. It is the first time the company will build a turnkey combined cycle plant based on the machine in Central Europe, outside of Germany.

Finland to agree joint nuclear venture with Russia

  • 11 years ago (2014-12-02)
  • Junior Isles

Finland is set to agree to proposals by Russian state-owned energy company, Rosatom, to build a nuclear power plant in the country's extreme north.

RWE rejects E.On-style split-business plan

  • 11 years ago (2014-12-01)
  • Junior Isles

Rheinisch-Wesfallsches Elektrizitatswerk (RWE), Germany's second-largest utility provider, has declined to follow the lead of E.On and split its business operation.

Pöyry awarded EPC ‘open book’ assignment

  • 11 years ago (2014-11-28)
  • Junior Isles

Panay Energy Development Corporation (PEDC), a subsidiary of Global Business Power Corporation, has awarded Pöyry the Engineering, Procurement and Construction (EPC), on an ‘open book’ basis, of the coal handling system for the 150 MW PEDC power plant extension project in Iloilo City, Panay Island, Philippines.

Renewable energy becomes Scotland’s top power source

  • 11 years ago (2014-11-27)
  • Junior Isles

Wind, hydro and other clean power sources accounted for the largest source of Scottish power in the first half of 2014. Scottish renewables, a trade body, stated that the renewable energy generated a record 10.3 TWh, whereas nuclear generation provided 7.8 TWh, coal 5.6 TWh and gas 1.4 TWh.

Stake in Coal India or ONGC to be sold in December

  • 11 years ago (2014-11-26)
  • Junior Isles

India aims to sell a stake in either Coal India Ltd. or Oil and Natural Gas Corp. (ONGC) by December 10 to kick off long-delayed government share sale plans.

Falling oil prices hit Russia hardest

  • 11 years ago (2014-11-25)
  • Junior Isles

Ahead of the next Opec conference, falling oil prices – coupled with geo-political sanctions – look set to hit Russia hard.

Ineos announces UK shale gas exploration plans

  • 11 years ago (2014-11-25)
  • Junior Isles

Following its recent acquisition of 1.866 sq. km (729 square miles) of fracking licences in Scotland, Britain’s largest chemical company, Ineos, has recently revealed a £640 million ($1.024 billion) scheme to develop its exploration operations for shale gas across the UK.

Enel sells Endesa stake

  • 11 years ago (2014-11-24)
  • Junior Isles

Italian utility Enel has raised €3.13 billion ($3.91 billion) from the sale of a large stake in its Spanish power utility Endesa to institutional and retail investors.