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US to hold first offshore wind rights sale in Gulf of Mexico next month
The United States on Thursday said the first offshore wind power auction in the Gulf of Mexico will take place next month, an industry milestone President Joe Biden discussed during a trip to highlight the administration's efforts to boost clean energy.
read more... 21/07/2023
Germany adds 60% more onshore wind power in H1 but pace seen too slow
Germany added 60% more onshore wind capacity in the first half of 2023 than a year earlier at a total of 1,565 megawatts (MW), but needs far more to reach its 2030 target, wind industry lobbies said on Tuesday.
read more... 19/07/2023
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Daily (18.07.2023): Spot electricity prices in Europe rebounded by more than 200% on Monday, amid plummeting wind and solar output
On Monday, oil prices declined for the second consecutive day as traders grew more skeptical about the resilience of China's economic rebound in the absence of government assistance. Consequently, WTI crude experienced a 1.7% drop , reaching $74.15 per barrel. At the same time, Brent crude also declined by 1.7%, settling at $78.50 per barrel.
read more... 18/07/2023
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Nordic system price settles negative for 1st time
The Nordic system price for Sunday settled negative for the first time at EUR -1.95/MWh amid strong wind power generation.
read more... 17/07/2023
Wind and solar to produce over a third of global power by 2030
Wind and solar projects are on track to account for more than a third of the world's electricity by 2030, signalling that the energy sector can achieve the change needed to meet global climate goals, a report by the Rocky Mountain Institute (RMI) said on Thursday.
read more... 17/07/2023