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Daily (12.08.2019): European spot power prices plummeted by nearly 70% on Friday due to a surge in renewables output
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
Total sells 30% stake in Trapil pipeline network for 260 mln euros
French energy group Total has agreed to sell a 30% stake in the Trapil pipeline network to crude oil storage operator Pisto SAS for 260 million euros ($289 million) as part of a broader asset sale programme.
read more... 05/08/2019
Developers of Viking Link award EUR 1.1bn worth of contracts
The developers of the 1,400-MW Viking Link interconnector between Denmark and the UK today announced they will award contracts worth a total of EUR 1.1 billion (USD 1.23bn) for the supply of cables and converter stations as part of the project.
read more... 24/07/2019
Senvion installs 546 MW of wind turbines in H1 2019
Debt-laden wind turbine maker Senvion SA has achieved 89% year-on-year growth in first-half installations by completing work on wind farms totalling 546 MW in January-June 2019.
read more... 08/07/2019
Nordex reports 2 GW of wind turbine orders in Q2
German wind turbine supplier Nordex SE has received orders for a total of 2,003,3 MW in the second quarter (Q2) of 2019, compared to the 1,089.8 MW of orders registered in the same period of 2018.
read more... 04/07/2019