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German solar generation hits record levels
- 2012-05-29 22:46:07
- Junior Isles
German solar power plants produced an unprecedented 22 GW of electricity through the midday hours of Friday 25th and Saturday 26th of May, equivalent to 20 nuclear power stations running at full capacity, Norbert Allnoch, director of the Institute of the Renewable Energy Industry in Muenster has said.
North America leads CCS development
- 2012-05-29 22:44:08
- Junior Isles
Analysis by Bloomberg New Energy Finance (BNEF) estimates that the world’s first carbon capture and storage (CCS) unit will start operation in the US in 2013.
Putin prevents power privatisation plans
- 2012-05-25 06:35:50
- David Flin
President Putin of Russia has announced that the Russian Government has placed majority stocks of Federal Grid FSK and power distributor MRSK Holding on a list of assets that cannot be sold to private owners, making it unlikely that they will be part of the government’s privatisation drive in the near term.
Russian infighting puts the brakes on power privatisation
- 2012-05-24 15:07:08
- Junior Isles
Russian stocks have taken a significant hit after President Putin declared that Medvedev’s plans for privatisation in the Russian energy sector are being cancelled, reigniting worries of infighting amongst Russia’s key politicians.
SSE sees renewables profit offset poor retail performance
- 2012-05-16 23:29:32
- Junior Isles
Major UK energy company SSE has seen profits rise 2 per cent thanks to renewable generation profits offsetting falls in the retail division.
E.ON to close three gas-fired plants
- 2012-05-15 00:33:04
- Junior Isles
German utility E.ON AG intends to permanently shut down three unprofitable gas-fired power plants in southern Germany, according to media sources.
EU slump underlies shift back to coal-fired generation
- 2012-05-11 01:24:17
- Junior Isles
Europe's economic slump has depressed overall emissions and the price of carbon in the EU ETS, allowing utilities to turn back to cheap, highly polluting coal-fired generation while still meeting their emissions targets, recent figures show.
Wisconsin Public Services to spend £250 million to upgrade Wausau coal boiler
- 2012-05-08 06:23:17
- David Flin
Wisconsin Public Services Corporation (WPS) has announced that it plans to spend $250 million to upgrade a coal-fired boiler in Wausau so that it meets US Federal clean air rules.
Bolivia seizes its power grid from Red Eléctrica in nationalisation plan
- 2012-05-02 21:26:55
- Junior Isles
Bolivian president Evo Morales said he is nationalising and seizing control of the main power grid from Spanish-owned Red Eléctrica Corporaciión, which has operated most of Bolivia's electricity distribution since privatisation 15 years ago.
Germany’s natural gas transition at risk
- 2012-04-28 14:04:24
- Junior Isles
Wingas GmbH, one of Germany’s largest importers of natural gas, claims the German government needs to improve investment conditions for gas-fired power plants if it is to ensure continued energy security.
