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Daily (15.08.2023): European carbon prices reached a two-week high on Monday amid forecasts of a heatwave and dropping renewables generation
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023
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Italy seeks feedback on 62-GW renewables tender programme
The Italian government has opened a consultation on a new decree that seeks to introduce a new subsidy scheme for renewables and back 62 GW of projects via competitive tenders in 2024-2028.
read more... 10/08/2023
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EU risks power grid imbalance in post-2030 heat
The EU needs contingency plans to maintain power grid balance from 2030, when the share of renewables in the power mix will be much higher and the risk of summer heatwaves more frequent, an expert told Montel on Wednesday.
read more... 03/08/2023
Britain's Octopus Energy to invest $20 billion globally in offshore wind by 2030
Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday.
read more... 25/07/2023
Daily (24.07.2023): The German day-ahead power price dropped by around 27% amid strong renewables and low demand
Crude oil prices increased on Friday following the announcement made by Russia and Saudi Arabia to reduce production and exports. Hence, Brent crude hiked by 1.8% to end at $81.07 a barrel.
read more... 24/07/2023