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Rosatom, Framatome, GE agree to partner in tender for Bulgarian NPP project

Russian nuclear energy corporation Rosatom said on Thursday that it has signed memorandums of understanding (MoU) with France's Framatome and US-based General Electric Steam Power to submit a joint bid for taking part in the tender for construction of Belene nuclear power plant (NPP) in Bulgaria.

read more... 19/06/2020

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Daily (18.06.2020): German power spot down by 14.6% due to stronger renewable generation

A fresh outbreak of COVID-19 dragged oil prices down on Wednesday. Despite a drop in U.S. distillate stockpiles and crude inventories, Brent crude futures lost 25 cents, or 0.6%, to settle at $40.71 a barrel. West Texas Intermediate (WTI) fell by 42 cents, or 1.1% to end at 37.96 a barrel.

read more... 18/06/2020

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Iberdrola backs 49 MW of new wind via PPA with Vodafone Spain

Spanish energy giant Iberdrola SA has signed a power purchase agreement (PPA) with telecommunications operator Vodafone Espana SAU, which in part will support a 49-MW wind farm project in Spain.

read more... 18/06/2020

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The UK ‘must commit to 10GW of new nuclear to reach net zero by 2050, but costs need to fall’

A strategy without new nuclear power could put the UK Government’s net zero target at risk, according to a report

read more... 18/06/2020

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Daily (16.06.2020): NBP spot jumped by 6% on Monday amid weaker LNG supply and wind power generation

Crude oil futures turned bullish on Monday as signs of improving demand due to OPEC+ production cut agreement offset concerns that a resurgence of the virus could weigh on the global economy. Hence, Brent crude for August delivery soared by 99 cents, or 2.6%, to settle at $39.72 a barrel. At the same time, U.S. WTI crude for July delivery rose by 86 cents, or 2.4%, to end at $37.12 a barrel.

read more... 16/06/2020

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