News

Looking for Energy Data ?

Oil

-0.13% 78.38 USD/bbl

WTI Crude

Power

-0.63% 90.81 EUR/MWh

BE Y+1 base

Coal

-1.43% 111.37 USD/tonne

Coal ARA CIF Q+1

Natural Gas

+ 1.51% 36.5407 EUR/MWh

NBP Y+1 EUR/MWh

Green

-3.03% 70.98 EUR/tonne

CO2 EUA Dec 2024

May 8, 2024

Daily (08.05.2024): European year-ahead power prices fell by 2% on Tuesday

<p>Oil prices ended slightly down but close to equilibrium on Tuesday. The market is eagerly anticipating the possibility of a ceasefire in the Middle East, yet optimism has waned somewhat following indications that the latest proposal may have faltered. Hence, Brent crude settled at $83.16 per barrel, and WTI crude was stable at $78.38 per barrel....

May 8, 2024

Germany’s ENBW signs 12.2bcm LNG supply deal with Abu Dhabi

The deal was set to begin once Adnoc launched its Ruwais LNG terminal off the coast of the United Arab Emirates, which would be the first such liquefaction plant in the Middle East to cover its electricity needs from low-carbon sources. Germany has been looking for new sources of gas ever since Russia cut off most supplies amid the fallout from ...

May 8, 2024

EU on track to meet green electricity targets

“The EU aims to reach 1,236 GW of renewable capacity by 2030 and 72% of renewable share in total generation as proposed in the REPowerEU plan,” Ember said in its latest report on global electricity on Wednesday. “This target is achievable if annual capacity additions continue on their recent growth trajectory,” the report said. The EU contrib...

May 8, 2024

Italian power groups clash with government on solar panel curbs

Italian power groups are at loggerheads with the government over new limits on the installation of solar panels, which they say would put Rome's decarbonisation goals at risk and increase electricity costs. The country's rightwing coalition on Monday approved a ban on photovoltaic systems with modules placed on the ground in areas classified as ...

May 8, 2024

UK explores carbon transport methods

The UK Government has launched an initiative to explore new methods for transporting captured carbon dioxide (CO2), with the goal of strengthening the national carbon capture industry. This effort aims to diversify CO2 transportation options, complementing the existing pipeline network. Carbon capture technology, crucial for reducing greenhou...

May 8, 2024

TotalEnergies and Arup join forces for renewable energy growth

Arup and TotalEnergies have finalised an agreement to advance renewable energy development. Arup will engage in engineering studies and technical advisory services to support TotalEnergies’ objective of achieving 100GW of renewable energy capacity by 2030. This agreement strengthens the existing partnership between the two organisations, whic...

May 8, 2024

Serbia to get Japanese financing for Bistrica RHPP project

apan International Cooperation Agency (JICA) has agreed to help finance the construction of the 628 MW Bistrica reversible hydro power plant (RHPP) in western Serbia, with preparatory works on the project set to start in 2025, Serbian energy minister Dubravka Djedovic Handanovic said. Japan's decision to participate in the financing follows a pr...

May 8, 2024

EBRD mulls lending 50 mln euro to Bulgaria's Tenevo Solar

The European Bank for Reconstruction and Development (EBRD) said it is considering providing a 50 million euro ($53.8 million) senior secured loan to Bulgarian solar photovoltaic (PV) park developer Tenevo Solar Technologies for the construction and operation of a 238 MWp PV plant. The project, with a total cost of 161.7 million euro, and is exp...

May 8, 2024

UK invests £196m in advanced nuclear fuels plant in Cheshire

The UK Government has announced a £196m ($246m) investment to establish Europe’s first facility for producing HALEU in Capenhurst, Cheshire. The strategic move aims to diversify the uranium fuel market, currently dominated by Russia, and support the next generation of nuclear energy projects. The investment will fund the construction of a HAL...

May 8, 2024

Better Energy signs Swedish solar PPA

Better Energy has signed a PPA with Scan Global Logistics to offtake energy from a Swedish solar site. The PPA will see the global freight forwarder contribute to establishing a new solar park near Studsvik and purchase renewable energy for its Swedish offices and warehouses. Martin Andersen, global head of sustainability & ESG at Scan Global...

May 8, 2024

Dollar pushes higher; Fed speakers in focus

The U.S. dollar edged higher Wednesday, bouncing from recent weakness with a number of Fed officials set to speak. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 105.500, climbing away from last week’s roughly one-month low. More Fed speak awaits The dolla...

May 8, 2024

Soltech energises 5.8-MW solar park in Sweden

Solar energy provider Soltech Group has brought online a 5.8-MW solar park in the province of Halland, western Sweden, and is already selling electricity to the local grid. The project is owned by the company and delivered by its subsidiary Soltech Energy Solutions. According to its press release on Friday, the plant is estimated to bring revenu...

May 8, 2024

EnBW to spend EUR 40bn on renewables, grids by 2030

German utility EnBW Energie Baden-Wuerttemberg AG on Tuesday pledged to invest EUR 40 billion (USD 43m) in energy transition projects by 2030, putting a major focus on renewables and grid expansion. “This is the largest investment program in our corporate history,” chief excutive Georg Stamatelopoulos said during the company’s annual general me...

May 8, 2024

RWE reviews options for stake in high-voltage power grid Amprion

RWE , Germany's biggest electricity producer, is considering options for its minority stake in Amprion, one of Germany's four high-voltage power transmission networks, the company said on Tuesday, potentially paving the way for a sale. "In view of the high capital requirements for grid expansion, we are currently examining various options and fi...

May 8, 2024

EIA cuts 2024 world oil demand growth estimate, hikes output forecast

World oil demand this year is expected to grow less than earlier forecast and output should expand faster than previous estimates, resulting in a more balanced market, the U.S. Energy Information Administration (EIA) said on Tuesday. The agency hiked its production forecasts from regions outside the Organization of the Petroleum Exporting Countr...

May 8, 2024

Renewables provided record 30% of global electricity in 2023

Growth in solar and wind power pushed renewable generation to a record 30% of global electricity production in 2023, putting a global target to triple renewable capacity by 2030 within sight, a report by think tank Ember said. Cutting fossil fuel use and emissions in the power sector is seen as vital to meeting global climate targets. More than ...

Stay Connected to Our Newsletter

Our mission is to bring efficiency and innovation to each energy company in the world. Want to keep up to date with all our latest news and information? Enter your email below to be added to our mailing list.