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Aviation law reform could imperil wind energy expansion in Germany
A planned amendment of Germany's Air Traffic Act (LuftVG) could block the construction of wind parks on about one-third of the available area, putting the expansion of onshore wind energy in the country in jeopardy, according to industry association BWE.
read more... 17/08/2023
Norway floating wind farms may be profitable by 2035
Floating offshore wind turbines in Norway could prove profitable for developers as early as 2035, removing the need for government subsidies, Boston Consulting Group (BCG) said on Tuesday.
read more... 16/08/2023
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Germany economy ministry supports 'fair' distribution of wind power expansion costs
Germany's economy ministry is in favour of distributing the network costs of expanding renewable energies "fairly" among the country's federal states, a spokesperson for the ministry said on Sunday.
read more... 14/08/2023
Daily (08.08.2023): Germany recorded seven hours of negative power with a low of -9.99 EUR /MWh amid elevated wind output
Crude oil prices fell on Monday as a result of reduced demand for gasoline in the US, following the end of the summer driving season. Furthermore, the expansion of Chinese strategic oil reserves added downward pressure on prices. Thus, Brent crude dropped by 1.1% to end at $85.34 a barrel. Meanwhile, U.S. WTI crude declined by over 1% to settle at $81.94 a barrel.
read more... 08/08/2023
BP Plans To Build First Subsidy-Free Offshore Wind Farms
BP plans to build two offshore wind farms in the Irish Sea without entering government schemes for support, The Times reported on Monday, in what could be the first subsidy-free offshore wind projects ever.
read more... 08/08/2023