EDF tries to find alternatives for $17bn distribution network RTE

26/01/2015 00:36 Electricity Market


French electric utility firm Electricite de France (EDF) wants to either sell stake or choose a partial offshoot of its French distribution network Reseau de Transport d’Electricite (RTE) this year.

RTE presently employs 8,400 persons and runs more than 104,000km of power lines across France. The company aims to start official process to divide or organize parts of the unit by the end of 2015. In the meantime, EDF Renewable Energy, division of EDF Group, has commissioned the 200MW Hereford wind project in Texas, the US. Situated southeast of the town of Hereford, in Deaf Smith County, the project comprises 54 GE 1.85MW, and 50 Vestas V100 2.0MW wind turbine. Electricity produced by the plant will be sold to Electric Reliability Council of Texas (ERCOT) power market and covered by a long-term, fixed-price hedge accord for a fraction of the anticipated energy output.

Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

18/09/2020 14:15:00

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.


Nuclear essential to hydrogen future

18/09/2020 08:50:00

Untapped options for clean hydrogen - including the use of advanced modular reactors - can put the world back on the pathway to meeting the Paris climate goals, according to a new report from energy research and consultancy firm LucidCatalyst. The report says the clean energy transition from oil to hydrogen-based fuels could be achieved with a global investment of USD17 trillion, spent over 30 years from 2020 to 2050.


WindEurope seeks clear policy for offshore hybrids

18/09/2020 08:44:00

Trade body calls on EU to enable projects that connect into multiple power markets