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Repsol kicks off 264MW Spanish solar build

Valdesolar will start generating power later this year with construction slated for completion in early 2021

read more... 15/07/2020

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Daily (13.07.2020): Crude oil prices jumped by over 2% on Friday, after IEA raised its oil demand forecasts

British gas prices were bearish on Friday as strong wind output put pressure on gas-for-power demand, leaving the system oversupplied. The day-ahead gas price plunged by 8% to 12.65 p/therm. Further along the curve, the Winter 2020 delivery contract ended 1.6% lower at 34.03 p/therm. European spot power prices lost momentum on Friday, driven down by weaker demand forecasts. The price for the German day-ahead power contract plunged by 21.9% to 28.60 EUR/MWh, while the equivalent French contract settled 22.7% lower at 29.38 EUR/MWh. Meanwhile, forward electricity prices lost ground due to weaker gas prices. The price for the German power contract for delivery in 2020 traded 2.2% lower at 42.01 EUR/MWh, while the equivalent French contract settled 1.4% down at 46.94 EUR/MWh. EU carbon prices continued the upward evolution on Friday as buyers continue to increase volumes amid thin selling. The contract expiring in 2021 rose by 1.5% to 29.34 EUR/tonne.

read more... 13/07/2020

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Daily (07.07.2020): The German Cal’21 power climbed to a 20-week high on Monday, keeping the pace with EUAs above 30 Eur

Crude oil futures edged higher on Monday, supported by a string of data showing an economic recovery across the globe and amid improving OPEC+ compliance. However, oil continued to be pressured by the surging coronavirus cases. Hence, Brent crude from September delivery rose by 0.7%, or 30 cents, to settle at $43.10 a barrel. At the same time, U.S. WTI crude settled at $40.63 a barrel, up 1% day-on-day.

read more... 07/07/2020

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Germany passes ‘coal-exit’ law to phase out fossil fuels by 2038

German lawmakers have voted a roadmap for the coal-free era in the country, which includes abandoning nuclear power by 2022

read more... 06/07/2020

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New nuclear will ensure France's energy security, SFEN says

A failure to renew France's fleet of nuclear power reactors will have consequences as soon as 2030 for not only the country's energy security but also its climate targets, according to the French nuclear energy society (SFEN). Nuclear power plants, with a combined capacity of 62 GWe, currently account for more than 70% of the country's electricity generation.

read more... 03/07/2020

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