EC clears EUR-600m solar support scheme in France

29/11/2018 09:33 Solar

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The European Commission (EC) has given the green light to a EUR-600-million (USD 677m) public support scheme in France that aims to encourage solar power generation from innovative installations.

The particular scheme is expected to support the installation of 350 MW of solar power generation capacity, either through ground mount or rooftop installations. Each project will range in capacity from 100 kW to 5 MW and will be selected through tenders organised until 2019. The winners will receive support from the country’s state budget in the form of feed-in tariffs (FiTs) or a premium on top of the market price for a period of 20 years.

 

The EC said in a statement it has determined that the measure will further support the energy and climate goals of the EU without unduly distorting competition in France or resulting in overcompensation for the beneficiaries.

 

France is pursuing a renewable energy target of 23% in gross final energy consumption by 2020.

Source: renewablesnow.com

Repsol plans 50% increase in Marcellus gas production

07/12/2018 09:18:00

Spanish oil major Repsol said Thursday its shale gas production in the Marcellus Shale play could grow by 50% by the end of 2020, Kallanish Energy learns.

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Daily (06.12.2018): Gas and power prices fell on Wednesday: low demand, warm weather and strong wind generation

06/12/2018 11:27:00

Oil prices slipped on Wednesday, as President Donald Trump expects steady crude flows. Brent crude price edged 0.8% lower to $62.08 a barrel. Meanwhile, WTI crude fell 0.7% to $52.89 a barrel, as losses were limited by potential cuts in oil production. 

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Vestas bags 106-MW wind turbine order in Greece

06/12/2018 09:09:00

Denmark’s Vestas Wind Systems A/S said today it will supply and install 106 MW of wind turbines across several sites in Greece as part of a single order from an unnamed customer.

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