Polish power firms are “planning new power plants in a chaotic manner” and “not all projects make sense”, according to Mikolaj Budzanowski, the country's treasury minister.
The EU set a new record for new power generation capacity in 2011, with renewable energy infrastructure making up over 70 percent of new installations for the year, according to a report from the European Wind Energy Association (EWEA).
The European Union installed 9616 MW of wind energy in 2011, or 21 per cent of its new power capacity, the European Wind Energy Association has said.
The European Investment Bank (EIB) has agreed to provide a €1.1 million grant to enhance planning and study the feasibility of exporting geothermal electricity from Dominica to Martinique and Guadeloupe in the Caribbean.
Foster Wheeler has announced that a subsidiary of its Global Engineering and Construction Group has been awarded a project management consultancy (PMC) contract by 2Co Power (Yorkshire) Limited (2Co) for the Don Valley Power Project in Stainforth, Yorkshire, UK.
The Desertec Foundation has announced that it will construct a 2000 MW concentrating solar power (CSP) plant in Tunisia, to export electricity 600 km through a new submarine transmission line to Italy.
US coal giant Peabody Energy has hired UBS to assist in finding a buyer for its Australian Wilkie Creek coal mine, a move likely to kindle interest from several Asian nations, vying to secure coal supply for their growing fleet of power plants.
Siemens AG has earmarked over €1 billion ($1.3 billion) to expand its production of gas turbines and fend off GE as they compete for larger shares of the expanding gas turbine market.
Shares in industrial alkaline fuel cell maker AFC Energy have risen on the company’s announcement that it has started electrical power generation at AkzoNobel's Bitterfield plant in Germany.
The global carbon market value rose 4 per cent in 2011, despite the largest market, Europe, experiencing a price slump, according to analysis by Thomson Reuters Point Carbon.