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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.
WEO 2014 says signs of stress must not be ignored
- 2014-11-13 13:07:09
- Junior Isles
The International Energy Agency’s (IEA) World Energy Outlook 2014 (WEO-2014) launched in London yesterday has warned that current events could distract decision makers from recognising and tackling the longer-term signs of stress that are emerging in the energy system.
Russia, China deepen energy ties
- 2014-11-10 21:12:14
- Junior Isles
China and Russia deepened their energy ties with a second major deal that further reduces Russia’s reliance on Europe as its main gas off-taker. The preliminary gas-supply agreement signed in Beijing by Russian President Vladimir Putin and Chinese President Xi Jinping, would also secure 17 per cent of the gas supplies China needs by the end of the decade.
GIB to fund community-scale renewables
- 2014-11-07 11:13:54
- Junior Isles
The UK Green Investment Bank (GIB), leading global investment firm KKR, and specialist investment manager Temporis Capital LLP have announced a new £200 million lending programme for community-scale renewable energy projects in the UK.
