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Daily: European spot power prices increase sharply on stronger demand, weaker renewables supply
Crude oil prices settled down on Monday on news of the forthcoming restart of Britain’s Buzzard oil field and as Iraq wants to be exempted from OPEC production cuts as it needs more money to fight Islamic State militants. Brent, the international benchmark for crude, lost 32 cents, or 0.6 percent, to close at $51.46 a barrel. Its session low was $50.50. U.S. West Texas Intermediate (WTI) crude declined 33 cents, or 0.7 percent, to end at $50.52.
read more... 25/10/2016
Spanish government returns to renewable power auctions, with two new sales
The Spanish government envisages to hold two renewable power auctions, with one auction for December this year and another one in January 2017, in a move to meet its European Union green power commitments.
read more... 21/10/2016
World Energy Resources Report: Global capacity of renewable energy production has doubled over the past decade
According to the report presented by World Energy Council, renewable energy generating capacity has doubled over the past decade worldwide, from 1037 GWe in 2006 to 1985 GWe by the end of 2015.
read more... 13/10/2016
General Electric Buys LM Wind Power
General Electric (GE) has unveiled it will acquire LM Wind Power, the world’s largest wind turbine blade supplier, for a total of $1.65 billion, boosting the renewable-energy business amid increasing needs for clean power.
read more... 12/10/2016
Germany set to increase green energy levy by 8% in 2017
The green energy levy in Germany (EEG), a surcharge paid by power consumers to support the transition to renewables, is expected to rise by 8 percent in 2017, despite governments efforts to slash support for renewable power.
read more... 11/10/2016