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Spain suspends power subsidies to reduce deficit
- 2012-01-28 16:35:21
- Junior Isles
The Spanish government has suspended subsidies for new renewable energy projects as part of its efforts toward a deficit reduction strategy.
Shale glut drives down power profit margins
- 2012-01-18 04:57:32
- David Flin
A shale-gas glut has driven down electricity prices for the US power industry by around 50 per cent since 2008 and reduced investment in costlier sources of energy, according to a research report by Aneesh Prabhu, a Credit Analyst with Standard & Poor’s Financial Services LLC.
SPX and Shanghai Electric to supply cooling equipment in China
- 2012-01-05 20:08:35
- Junior Isles
North Carolina based SPX Corporation and Shanghai Electric Group Co., Ltd. (Shanghai Electric) today announced the formation of a new strategic joint venture to supply products to the power sector in China.
Gazprom and RWE project talks break down
- 2011-12-23 15:40:19
- Junior Isles
German utility RWE AG and Russian giant OAO Gazprom have ended talks aimed at creating a joint venture to build and operate power plants in Europe after failing to agree on a deal, Bloomberg reports.
Indian nuclear continues to suffer from Fukushima's political fallout
- 2011-12-18 21:27:27
- Junior Isles
Indian officials from the controversial Kudankulam nuclear plant in Tamil Nadu have said that power generation from the project is expected to take 'some time.'
German expert says UK support for nuclear will hurt renewables
- 2011-11-29 19:00:15
- Junior Isles
Jochen Flasbarth, president of the Environmental Protection Agency in Germany and adviser to the German government during its nuclear phase-out, has defended the policy and said the UK’s continuing support for nuclear will hurt its domestic wind and solar industry.
IEA report considers a pessimistic future for nuclear
- 2011-11-06 21:59:14
- Junior Isles
The Fukushima disaster might lead to a 15 per cent fall in nuclear power generation worldwide by 2035, according to a July draft of the International Energy Agency's 2011 World Energy Outlook. The report further predicts power demand could rise by 3.1 per cent a year over the same period, though.
Germany sets aside $130 billion for renewable energy
- 2011-10-21 06:07:17
- David Flin
Germany’s Kreditanstalt fur Wiederaufbau (German Development Bank, KfW) will underwrite renewable energy and energy efficiency investments in Germany with $137 billion over the next five years.
EDF opposes Constellation sale to Exelon
- 2011-10-14 06:22:47
- David Flin
In the USA, EDF said in a pre-hearing testimony with the Public Service Commission that the proposed $7.9 billion sale of Baltimore’s Constellation Energy Group to Exelon of Chicago has “serious and negative ramifications.”
UK renewables approach all time high of 10 per cent
- 2011-09-30 00:40:39
- Junior Isles
Renewable electricity contributed an all time high of 9.6 per cent of the UK's power generation mix in the second quarter of this year, statistics released by the UK Department of Energy and Climate Change have revealed.
