Germany's renewables levy, the EEG surcharge, is expected to rise slightly from 6.41 cents per kilowatt-hour (kWh) this year to between 6.5 and 6.7 in 2020, according to calculations by think tank Agora Energiewende*. The main reasons for the expected rise are increasing wind power capacity and a declining balance in Germany’s “green energy account”, writes Agora Energiewende.
read more... 22/08/2019
Renewable energy is set to make up 65% of Ireland’s total installed capacity by 2030.
read more... 15/08/2019
Oil prices continued to climb on Friday, in response to weaker Euroilstock data, which showed a decrease in the total crude and product inventories of 16 European countries in July. Prices also drew support from OPEC supply cuts and Saudi Arabia’s commitment to bring the oil market back to balance. Hence, Brent crude rose by 2% to $58.53 a barrel. Concurrently, WTI futures surged by 3.7% to $54.50 a barrel, on lower production growth forecasts after U.S. drillers slashed the active oil rig count for a sixth straight week.
read more... 12/08/2019
Renewable energy power plants generated 29.8% of electricity in Spain in July, down from a 33.3% share in June, according to estimates by Spanish grid operator Red Electrica de Espana (REE).
read more... 07/08/2019
German renewables developer ABO Wind AG has completed the sale of a 450-MW wind and solar project portfolio in Spain and tied to the grid 5 MW of solar power capacity in Hungary.
read more... 05/08/2019