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UK's National Grid ESO to run zero carbon power system by 2025

National Grid Electricity System Operator (ESO) has announced it will be able to operate a zero carbon electricity system in Britain by 2025.

read more... 02/04/2019

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Romanian coal-power complex CE Oltenia seeks EUR 100 mln loan

Romanian coal and power producer CE Oltenia is close to contracting a EUR 105 million loan from a group of six banks to pay for the Greenhouse gas emissions allowance (or carbon certificates), the president of company’s managing board Sorin Boza stated.

read more... 02/04/2019

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Renewables provided third of all UK power in 2018

That’s according to a new statistical report published by the Department for Business, Energy and Industrial Strategy (BEIS), which details energy statistics from across the fourth quarter of the year and provisional annual data for the whole of 2018.

read more... 29/03/2019

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Daily (28.03.2019): WTI futures declined by nearly 1% after unexpectedly higher U.S. crude stockpiles data

Crude oil prices lost ground on Wednesday, following EIA data which showed higher-than-anticipated crude inventories in the U.S. last week due to hampered crude cargoes traffic along the Houston Ship Channel and slower refining operations. The fall in prices was nevertheless limited by OPEC’s supply cuts and the disruption in Venezuelan exports caused by the second massive power blackout this month. Brent crude traded 0.2% down at $67.83 a barrel, while WTI futures lost 0.9 % to end at $59.41 a barrel.

read more... 28/03/2019

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SolTech Energy agrees to add 500 MW of solar in China over 5 years

SolTech Energy Sweden AB has entered into a cooperation agreement that calls for the company to build solar power plants with a combined capacity of 500 MW in China’s Jiangsu Province over a period of five years.

read more... 28/03/2019

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