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Daily (15.08.2019): European spot power prices plummeted by over 21% on Wednesday, amid low demand due to a public holiday in the region and surging wind output

Crude oil prices reversed earlier gains on Wednesday, amid disappointing economic data in China and the Eurozone, particularly in Germany, worsening the crude demand outlook. A surprise increase in the U.S. crude inventories added to the bearish market sentiment. In addition, traders were focused on profit taking after Tuesday’s rise. As a result, Brent crude fell by 3% to $59.48 a barrel, while WTI futures dropped by 3.3% to $55.23 a barrel.

read more... 15/08/2019

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Germany's power export surplus narrowed 11.7% in H1 -data

Germany reduced its traditional net electricity surplus by 2.8 TWh or 11.7% in the first half of 2019 compared with the same 2018 period due to fuel and carbon price effects, industry data showed on Tuesday.

read more... 31/07/2019

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German coal imports could fall 10% in 2019 in face of rising renewable power

Germany’s hard coal imports may fall for the fourth year in a row this year and by around 10% from 2018 levels, importers’ group VDKi forecast on Thursday, citing competition from renewable energy and slack demand from steelmakers.

read more... 19/07/2019

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Glennmont to buy 25% stake in Gode Wind 1 offshore windfarm

London-based fund manager Glennmont Partners has entered an agreement to acquire a 25% stake in the Gode Wind 1 offshore windfarm in Germany from Global Infrastructure Partners II (GIP II).

read more... 03/07/2019

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ERG acquires 224 MW of wind projects in Germany

Italian energy company ERG SpA said today it has closed the acquisition of a 224-MW wind power pipeline from German firm Windwaerts Energie GmbH.

read more... 28/06/2019

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