Energy transition
Cultural exchange
EEX and Powernext's agreement to share their electricity spot and derivatives markets represents groundbreaking Franco-German energy market co-operation. The CEOs of both exchanges talk to Roderick Bruce about the challenges involved and what the merged…
750 MW Welsh wind farm given go ahead
Npower Renewables, a subsidiary of German utility RWE, received permission on December 3 from the UK's Department of Energy and Climate Change to build and operate the 750 megawatt (MW) Gwynt y Mor wind farm off the coast of North Wales.
Earth Capital Partners to launch $5bn sustainability fund
Former chief executive of Man Group, Stanley Fink, is chairing an environmentally focused fund management company entitled Earth Capital Partners that aims to raise $5 billion over the next five years.
EDF reveals counter-offer for Constellation
Constellation Energy has received an unsolicited $4.5bn bid from Electricite de France (EDF) for 50% of its nuclear business.
Econcern to make €863 million investment in China
Renewables firm Econcern is to invest €863 million in four onshore wind projects in China. The total investment represents 720 megawatts of sustainable generation capacity.
Enel launches renewables arm
Italian energy company Enel launched renewables arm Enel Green Power on December 1, to expand operating power generation from renewable resources in Europe and internationally.
Vattenfall to build offshore wind farm in UK, joins forces with ScottishPower
Swedish power company Vattenfall has acquired UK wind farm Thanet Offshore Wind and has joined forces with ScottishPower for Crown Estate’s Round Three of tender bids to develop offshore wind power in the UK.
BP withdraws from CCS competition, exits UK wind power
BP Alternative Energy has just announced that it is withdrawing from the UK competition for funding for a Carbon Capture and Storage (CCS) demonstration plant, leaving just three contenders.
Renewables call for transmission build
Many US states have ambitious renewable energy targets, but billions need to be spent on transmission infrastructure if this new power is to come on line. Susan Arterian Chang looks at the challenges involved in creating the interstate transmission…
Out of gas
High US gasoline prices are causing Americans to turn to energy-efficientvehicles, a trend that could have an enormous and long-term impact ongasoline demand, some experts say. Kate Fazzini investigates
EU Commits €10 billion for carbon capture storage
The Environment Committee of the European Parliament voted yesterday in favour of introducing new carbon capture and storage technology (CCS) for large power stations built from 2015 onwards.
US bailout bill heralds eight year tax credit extension for solar energy
It was good news for the solar energy industry as it was given an eight year investment tax credit (ITC) extension in the financial bailout bill passed by US House of Representatives on 3rd October.
EDF to buy British Energy
French utility EDF has agreed to pay £12 billion for nuclear generator British Energy. EDF has also signed a memorandum of understanding with Centrica that will allow the UK utility to take a 25% stake in British Energy for £3 billion.
China displaces UK in top five countries for renewables
China has moved into the top five most attractive countries for renewables investment, knocking the UK to sixth place, according to an Ernst & Young survey. The Energy country attractiveness indices, published by E&Y every quarter, look at a country’s…
A path for renewables
Renewable energy needs to become a bigger part of the US energy mix, but there are still a number of hurdles to clear, explains Richard McMahon of the Edison Electric Institute
Powerful ambition
Backed by the financial might of Russia's Renova Group, Avelar Energy is investing in conventional and renewable energy assets across western Europe. Avelar's CEO, Igor Akhmerov, tells Roderick Bruce about his company's strategy
Romanian wind farm to be largest in Europe
European utility giant CEZ Group has bought two adjacent wind farms in Romania from Eastern European renewables developer Continental Wind Partners (CWP).
Market focus
Northern Europe’s power generation fleet is set to undergo drastic changes going into the next decade due to regulation and retirements. Point Carbon analysts Paulo Homen Cristo and Mauricio Bermudez-Neubauer outline the potential impacts these factors…