France awards 576 MW in oversubscribed onshore wind tender

10/10/2019 12:59 Wind

news

Projects with a combined capacity of 576 MW were successful in the fourth call of tenders for onshore wind power capacity in France, the government said on Tuesday.

The tender targeted 500 MW of capacity and is a series of a six-step procurement initiative that will support France in adding 3 GW of onshore wind through 500-MW auctions. As many as 20 schemes were awarded in the fourth round, the Ministry for the Ecological and Inclusive Transition announced.

 

The average price of the winning projects stood at EUR 66.5 (USD 73.01) per MWh, which represents an increase from the EUR 63/MWh in the previous such tender. The successful projects will be awarded 20-year feed-in premium contracts.

 

Most of the awarded capacity will be installed in the Hauts-de-France region in northern France, while the largest project, with a capacity of 111 MW, is located in the Marne department of Grand Est region.

 

France aims to lift the share of renewables generation in its total production to 40% by end-2030 from 20% at end-2018. Its multi-annual energy programme calls for between 21.8 GW and 26 GW of installed onshore wind capacity by end-2023.

Source: renewablesnow.com

Daily (13.11.2019): British spot gas price spiked by 6.5% on Tuesday on higher gas-for-power demand

13/11/2019 11:31:00

Oil prices nudged down on Tuesday on no new details after Donald Trump’s speech about the China-U.S. trade negotiations Meanwhile, concerns regarding slower economic growth and weaker oil demand still kept prices under pressure. Brent crude fell by 0.2% to $62.06 a barrel, while WTI futures edged 0.1% lower at $56.80 a barrel.

<READ MORE

France's EDF says no damage found so far at Cruas nuclear plant after earthquake

13/11/2019 09:08:00

Checks carried out by French utility EDF at its Cruas nuclear power plant have revealed no anomalies so far, a company executive said on Tuesday, after it extended outages at three of the facility’s reactors until Nov. 15.

READ MORE

E.ON to purchase 3TWh of clean energy annually from RWE Renewables

13/11/2019 09:05:00

Global energy company E.ON has signed an agreement to purchase clean energy from RWE Renewables’ British windfarms.

READ MORE