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Daily: European prompt power prices dragged down by stronger renewables output
Crude oil prices rose as much as 2 percent on Tuesday, before slashing most of their gains in post-settlement trade after figures indicating a considerable increase in U.S. crude inventories already at record high levels. Brent, the global benchmark for crude, increased by 4 cents at $36.61, after trading in the negative earlier. It had climbed 24 cents, or 0.6 percent, to settle at $36.81. WTI crude edged 14 cents up, or 0.4 percent, at $33.89 a barrel by 5:17 p.m. EST (2217 GMT). It had closed up 65 cents, or 2 percent, at $34.40 a barrel.
read more... 02/03/2016
Scottish Power envisages expanding the Cruachan hydro power station to store renewable energy
Scottish Power envisages to more than doubling the size of a hydro-electric power station built inside a mountain, helping to stock renewable energy.
read more... 01/03/2016
Engie will sell 13GW of power generation assets
French gas and power utility Engie has inked accords to sell its interests in 13GW of electricity generation capacity.
read more... 29/02/2016
Daily: European prompt power prices down, while forwards up on stronger fuel prices
Crude oil tumbled on Friday as investors took big weekly profits after a hike driven by disruption to crude supplies and gains on Wall Street from U.S. economic data. Brent crude eased 19 cents to settle at $35.10. It attained a high of $37 earlier, the highest since January 5. U.S. crude fell 29 cents at $32.78 a barrel, after raising almost $1.70 earlier.
read more... 29/02/2016
GE to build world’s largest commercial-scale biomass facility in Belgium
GE was selected by Mechelen-based Belgian Eco Energy (BEE) to build a 215MW biomass-fired power plant in Ghent, Belgium.
read more... 29/02/2016