EDF: gas plant and wind farm officially opened in Britain

17/04/2014 10:34 Renewable

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EDF had inaugurated its West Burton combined cycle gas turbine power station and its Teesside offshore wind farm in Britain, according to company’s declaration.

The capacity of the West Burton gas plant located in Nottinghamshire is of 1.3 gigawatts, or sufficient to provide electricity to 1.5 million homes, while the capacity of the Teesside offshore wind farm sited in the northeast of the country is of 62 megawatts. Michael Fallon, British Energy Minister, and Henri Proglio, chairman and chief executive of the EDF Group, officially opened both facilities. Over the past couple of years, many gas plants have been shut down or closed temporarily by several utilities in Europe, since their profits started to drop as a result of increasing renewable energy capacity. Nevertheless, capacity in Britain is likely to reduce because nearly a fifth of Britain's old nuclear and coal generating capacity will close this decade, according to the British government.

KKR unit targeting 135-MW FRV solar project in India

22/09/2020 08:53:00

A unit of US private equity group KKR & Co (NYSE:KKR) is in advanced talks to buy the 135-MW Indian solar portfolio of Spain-based Fotowatio Renewable Ventures (FRV), the Economic Times reports.

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Daily (21.09.2020): German spot power price fell by more than 13% on stronger wind output

21/09/2020 11:25:00

A slide in oil prices was noticed on Friday, as worries about the increasing number of coronavirus infections across the world stalled oil demand. Furthermore, a potential return of oil output from Libya weighed on the oil market. However, a new tropical storm in the U.S. Gulf of Mexico limited losses. Hence, Brent crude slipped by 0.4% to $43.15 a barrel. At the same time, the American WTI dropped by 0.3% to $41.11 a barrel.

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Diesel prices fall again on the back of easing global crude oil prices

21/09/2020 09:11:00

The recent fall in transport fuel prices comes in the wake of softening of global oil prices as an extended run of Covid-19 has depressed demand and created a glut in the market.

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