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Daily (21.02.2023): European spot power prices surged on Monday as low wind output and forecasts of colder weather boosted demand

Oil prices rebounded on Monday as attention shifted back to the fundamentals of supply and demand, with Russia's output expected to decline and China's reopening boosting slightly the demand. As a result, Brent crude oil gained 1.3% day-on-day to settle at $84.07 a barrel.

read more... 21/02/2023

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Spanish power companies to denounce ‘discriminatory’ windfall tax

The multi-billion-euro windfall tax for energy firms to offset the toll of inflation on vulnerable consumers approved last year by Madrid will be denounced by the association of large Spanish power companies (Aelec) before the European Commission.

read more... 21/02/2023

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EDF snaps up one of world’s largest floating wind projects

EDF Renewables, a subsidiary of the French global energy player EDF, has announced the acquisition of an up to 10GW floating offshore project in Australia.

read more... 20/02/2023

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EU approves support for French floater

The European Commission has approved, under EU State aid rules, a French measure to support the first commercial-scale floating offshore wind farm in the country.

read more... 15/02/2023

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UK delays planning decision on Orsted's Hornsea 4 windfarm

Britain has delayed until mid July a decision on whether to grant permission for Orsted's giant Hornsea Four offshore windfarm, whose footprint on the sea floor partially overlaps that of a BP-led carbon capture project.

read more... 14/02/2023

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