France awards 516 MW of onshore wind in latest tender round

14/06/2019 09:07 Wind

news

The French government has selected 516 MW of winning projects in its third onshore wind tender, it announced on Wednesday.

The procurement round will facilitate the installation of 150 new wind turbines with an expected output of around 1.34 TWh per year, which will be enough to meet the demand of about 268,000 households. The machines will be powering 21 wind farms, the environment and energy ministry said on Wednesday.

 

The average bid price in the tender round stood at EUR 63 (USD 71.2) per MWh, which represents a decrease from the EUR 65.4/MWh and EUR 68.7/MWh in the first and second rounds, respectively. Winners will be awarded 20-year feed-in premium contracts.

 

France aims to cover 32% of its energy demand with renewable sources by 2030.

Source: renewablesnow.com

Daily (18.07.2019): French spot power price plunged by over 9% on Wednesday, amid stronger wind generation and falling consumption

18/07/2019 11:43:00

Crude oil prices extended losses on Wednesday, following a higher-than-expected rise in the U.S. refined product inventories. At the same time, official data also showed that U.S. crude inventories fell more than anticipated. Against that background, Brent crude traded 1.1% lower at $63.66 a barrel, while WTI futures dropped by 1.5% $56.78 a barrel.

<READ MORE

Polish LNG terminal receives 64th cargo

18/07/2019 08:20:00

Polish liquefied natural gas import facility the President Lech Kaczyński terminal in Świnoujście has received a new cargo on Tuesday, July 16.

READ MORE

France's Akuo Energy, IEL Energie sign MoU to develop wind farm in Serbia

18/07/2019 08:18:00

France's Akuo Energy and IEL Energie have signed a memorandum of understanding (MoU) with Serbia's autonomous province of Vojvodina for the construction of the Basaid wind farm, Serbian energy minister Aleksandar Antic said.

READ MORE