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Daily: European spot power prices rebound amid lower renewable output
Crude oil futures declined about 2 percent on Friday as traders paid little attention to a decline in the number of U.S. rigs drilling for oil and focused instead on an oversupply and falling stock prices on Wall Street. WTI crude dropped 70 cents, or 1.5 percent, to settle at $46.05. It posted a 1.7 percent hike on the week, after last week's near 12 percent gain, the largest since 2011. Brent crude lost $1.07, or 2.1 percent, to close at $49.61 a barrel. It registered a 0.9 percent decline on the week.
read more... 07/09/2015
Finland to curtail wind power development amid high subsidies costs
Finland is planning to prune wind power developments and curb subsidy costs, restraining a boom that exceeded government expectations.
read more... 04/09/2015
Daily: European spot power prices decline on robust supply
Crude oil prices rebounded on Thursday, following gains in Wall Street equities for a second consecutive day, although U.S. crude inventories posted a weekly increase that weighted on oil outlook. Brent front-month contract rose 18 cents to settle at $50.68 a barrel. At one point during the session it had hiked above $52. U.S. crude's front-month advanced 50 cents to settle at $46.75. It hit above $48 earlier.
read more... 04/09/2015
Solar reaches 10% of peak summer power in Japan
Solar power generation made up about 10% of the peak summer electricity supplies of Japan's nine major utilities, as reported on Thursday by the Asahi newspaper.
read more... 03/09/2015
UK: Coal-fired Eggborough power plant set to close in March on high costs
Britain's coal-fired Eggborough power plant is set to close at the end of March 2016, blaming too high costs to continue running the 53-year-old power station, according to its owner declarations on Wednesday.
read more... 03/09/2015