The newest measure of the oil industry’s falling fortunes came on Tuesday in the form of a $3.3 billion fourth-quarter loss reported by BP. [The NY Times] Germany has overtaken the UK in the rate at which it is installing wind turbines at sea, industry figures show. [The Guardian] NV Energy is proposing “grandfathering” existing… Keep reading →
Germany
Energy News Roundup: BP’s Plummeting Stock, Germany Turns To Wind & NV’s Solar Proposal
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We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: E.ON Launches Uniper, Oil Settles & NJ’s Wind Potential
By Conor O'SullivanGermany energy giant E.ON has officially separated its fossil fuel assets into a new company, dubbed Uniper. [The Guardian] Oil prices quickly gave back early gains to close lower on Monday after investor concerns about Middle East tensions gave way to a continued focus on weaknesses in global economies. [The NY Times] New Jersey is… Keep reading →
Energy News Roundup: Germany’s Nuclear Divestment, GE-Alstom Merger Close & Ivanpah’s Carbon Report
By Conor O'SullivanGermany’s planned nuclear switch-off is driving a surge in clean energy investment. [The Guardian] General Electric announced Monday that it had finalised a deal to acquire the energy assets of France’s Alstom for $10.7 billion. [Yahoo] The $2.2 billion Ivanpah Solar Electric Generating System benefited from a $1.6 billion Energy Department loan guarantee has been… Keep reading →
Energy News Roundup: GE Announces New Subsidiary, Duke Facing Fresh Legal Dispute & Growth Of Wind Power In Europe
By Conor O'SullivanGE is creating a company to house developing energy businesses which will focus on providing products and services in energy efficiency, renewable generation and storage. [The New York Times] Duke Energy is under fire in a complaint that accuses the company of being one of the worst polluters in the country. [The LA Times] Wind power is… Keep reading →
Energy News Roundup: Germany Sets New Renewables Record, Total’s Profits Dropping & Indian Startups Turning To Clean Energy
By Conor O'SullivanGermany has hit a new milestone by using solar, wind, and other sources of renewable to meet 78 percent of its energy demand for a given day. [Yahoo News] French energy giant Total recent net profits dropped 4 percent in the second quarter as higher production helped offset a steep drop in the price of oil. [ABC/AP]… Keep reading →
Energy News Roundup: IEA Slams Fossil Fuels, Gazrpom Cancel Black Sea Project & A Green City In Coal Country
By Conor O'SullivanThe world’s fossil fuel companies risk wasting billions of dollars by not taking action to combat climate change seriously, according to the chief economist of the International Energy Agency (IEA). “Fatih Birol, who will take the top job at the IEA in September and is one of the world’s most influential voices on energy, warned… Keep reading →
German Federal Minister for Economic Affairs and Energy (BMWI) Sigmar Gabriel recently touted another step towards enhancing EU energy security via regional cooperation. The Minister and 11 of his colleagues from neighboring European countries signed a political declaration meant to ensure the reliable and secure supply of electricity among those countries. Dubbed “12 electrical neighbors”… Keep reading →
How Might Clean Power Plan Impact Your Electricity Bill? German Situation May Offer Valuable Clues
By Roman KilisekThe US Energy Information Administration’s (EIA) newly released analysis of the impacts of the EPA’s proposed Clean Power Plan finds a mixture of technology, market forces and policy could result in a significant carbon emissions reductions if the rule is ultimately passed. The rule is intended to reduce CO2 emissions from existing fossil fuel power generation… Keep reading →
Higher R&D Investment in Renewable Energy Technologies Critical for Clean-Energy Innovation & Climate Action
By Roman KilisekGlobal investment in renewable energy sources in 2014 rose almost 17 percent year-on-year to $270.2 billion with investments in developing countries growing by 36 percent, finds a new UNEP Global Trends in Renewable Energy Investment 2015 report prepared by the Frankfurt School-UNEP Centre in collaboration with Bloomberg (BNEF). Overall, the research underscores the positive role… Keep reading →
Back in March it was first reported by the major German TV network ARD (Tagesschau.de) that German utility E.ON was contemplating mothballing one of the most efficient power plants in Europe, a gas-fired high-efficiency combined-cycle gas turbine (CCGT) power plant called ‘Irsching 4 and 5’ in the southern state of Bavaria – which only went… Keep reading →