Siemens pulls out of solar business

Siemens has announced it plans to sell its loss-making solar business after a fall in profits. The German firm said due to “changed regulations, lower growth and strong price pressure in solar markets, the company’s solar energy activities have not been met”. It intends to focus its renewable energy activities on wind and hydropower instead […]

Energy price rises could cost EU buyers €9.2bn

The rise in gas and electricity prices could cost EU energy buyers an additional €9.5 billion (£7.63 billion) next year. That’s according to analysis by EnergyQuote JHA, which claims rising energy prices have affected the progress made by firms in cutting their costs through efficient measures. The report shows Dutch power consumers could have the […]

EU’s biofuel sustainability ‘questionable’

German researchers claim they have found evidence the sustainability of European-produced biodiesel set by the EU could be “questionable”. Two researchers from Friedrich Schiller University claim eight out of their 12 tests on locally produced rapeseed biodiesel failed to show the 35% greenhouse gas (GHG) emissions savings value. In most cases, the research showed it […]

UK consumers shouldn’t pay more to meet 2020 renewables target

The Renewable Energy Foundation (REF) says domestic consumers shouldn’t pay more for the EU’s renewable targets as it welcomed a new report comparing the UK’s energy and climate change policies. The study by the Department for Business, Innovation and Skills (BIS) showed the UK’s energy and climate change policies are expensive and damaging to energy-intensive […]

Siemens unveils ‘superblade’ for new offshore project

Siemens claims it has produced the world’s longest turbine blade for its second prototype of its 6MW offshore machine. The German company says it is the largest glass-fibre component cast in one piece. The 75 metre long B75 Quantam blade has a weight reduction of 25-50% compared to an identical blade made using “traditional technology.” […]

E.ON sells Bulgaria assets

German energy company E.ON has agreed to sell E.ON Bulgaria to Energy-Pro, a Czech energy company, for 113 million euros. The new owner based in North-East Bulgaria supplies a network of about 42,000 kilometres and delivers around 5.3 billion kWhr of electricity. The sale is part of E.ON’s intention to shed assets worth 15 billion […]