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German renewables levy to rise slightly in 2020 and peak the year after – think tank

Germany's renewables levy, the EEG surcharge, is expected to rise slightly from 6.41 cents per kilowatt-hour (kWh) this year to between 6.5 and 6.7 in 2020, according to calculations by think tank Agora Energiewende*. The main reasons for the expected rise are increasing wind power capacity and a declining balance in Germany’s “green energy account”, writes Agora Energiewende.

read more... 22/08/2019

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Germany's E.on plans 440-MW wind park in Texas

A week after opening a 201-MW wind park in Texas, German utility E.on SE announced it will build an even larger one in the Lone Star State.

read more... 16/08/2019

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Germany set to have 635bcf new-build LNG regasification capacity, 31% of Europe’s capacity growth by 2023

Germany is expected to drive capacity growth in Europe’s LNG regasification industry from planned and announced (new-build) projects during the outlook period 2019 to 2023, contributing around 31% of Europe’s total growth, according to GlobalData.

read more... 16/08/2019

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Daily (15.08.2019): European spot power prices plummeted by over 21% on Wednesday, amid low demand due to a public holiday in the region and surging wind output

Crude oil prices reversed earlier gains on Wednesday, amid disappointing economic data in China and the Eurozone, particularly in Germany, worsening the crude demand outlook. A surprise increase in the U.S. crude inventories added to the bearish market sentiment. In addition, traders were focused on profit taking after Tuesday’s rise. As a result, Brent crude fell by 3% to $59.48 a barrel, while WTI futures dropped by 3.3% to $55.23 a barrel.

read more... 15/08/2019

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Germany's power export surplus narrowed 11.7% in H1 -data

Germany reduced its traditional net electricity surplus by 2.8 TWh or 11.7% in the first half of 2019 compared with the same 2018 period due to fuel and carbon price effects, industry data showed on Tuesday.

read more... 31/07/2019

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