Rheinisch-Wesfallsches Elektrizitatswerk (RWE), Germany's second-largest utility provider, has declined to follow the lead of E.On and split its business operation.
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.
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.
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.
An auction for solar PV projects in Brazil is attracting bids, which are among the lowest in the world.
The European Union’s environment agency says its greenhouse gas emissions fell by nearly two per cent last year, putting the bloc very close to reaching its emissions target for 2020.
The European Union has voted to back the UK’s plan to guarantee the price of power from Hinkley Point C, the country’s first new nuclear project in decades.
Daniel Benes, Chairman and Chief Executive of Czech utility CEZ AS, has said that Brussels’ approval of the contract for difference (CFD) at the planned Hinkley Point C nuclear power plant in the UK “without question” establishes a European-wide precedent that could make other envisaged nuclear power projects profitable.