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Blow to Scottish renewables as Aquamarine to downsize
- 2014-12-04 22:22:08
- 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
- 2014-12-03 10:44:00
- 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
- 2014-12-02 13:48:48
- 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
- 2014-12-01 21:57:05
- 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.
Renewable energy becomes Scotland’s top power source
- 2014-11-27 21:48:27
- 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.
Falling oil prices hit Russia hardest
- 2014-11-25 14:23:04
- 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
- 2014-11-25 09:24:12
- 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
- 2014-11-24 16:02:22
- 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.
Japan and US pledge billions to climate fund
- 2014-11-19 11:18:42
- Junior Isles
Japan and the US made separate climate funding announcements at the G20 (Group of Twenty) summit of world leaders in Brisbane, Australia, on November 15th and 16th. The two countries pledged up to $1.5 billion and $3 billion, respectively, to the UN Green Climate Fund.
Enel to simplify Latin American operations
- 2014-11-14 10:19:23
- Junior Isles
Italian utility Enel SpA is to simplify its Latin American operations and focus on electricity distribution and renewable energy as it increases investment in the region’s growing markets.
