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Kvaerner: The oil industry has hit rock bottom

In the company's first quarter interim report released Monday, Norwegian Kvaerner eyes signs of a shift in the oil industry after a crisis of several years.

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German wind prices rise by one fifth

After dramatic price declines and major criticism of German onshore wind auctions, the average price saw a significant boost in the first auction since the provisional tightening of the rules for citizen projects. Solar power is thus cheaper than wind.

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