Germany, Belgium and Denmark encourage the increase of Europe's offshore wind capacity

09/06/2017 10:13 Renewable


Germany, Denmark and Belgium joined with 25 industry giants, including Dong Energy and Siemens Gamesa, to issue a statement hoping to increase Europe's offshore wind capacity in the next decade.

In their joint statement, signed on Tuesday at Offshore Wind Energy 2017 in London, energy ministers from the three countries and chief executives from 25 companies hope to deliver a significant amount of new offshore wind power between 2020 and 2030, as it is reflected in National Strategies, where they exist. At present, Europe has around 13 GW of offshore wind capacity.


In the last two years, offshore wind costs in the Netherlands, Germany and Denmark fell by almost 50% due to technology development and are expected to decline further, becoming competitive with new conventional generation, such as gas power plants before 2030.

Daily (21.10.2020): WTI crude at its highest level in seven weeks on Tuesday amid U.S. stimulus deal hopes

21/10/2020 08:34:00

Crude oil futures rebounded on Tuesday after four sessions of losses, with WTI crude hitting its highest settlement in almost seven weeks amid expectations for a weekly decline in U.S. crude stockpiles. The resumption of U.S. stimulus negotiations added further upward momentum on the oil markets. Hence, Brent crude for December delivery rose by 54 cents, or 1.3%, to settle at $43.16 a barrel. Meanwhile, WTI crude for November delivery soared by 64 cents, or 1.6%, to end at $41.70 a barrel.


Daily (20.10.2020): Colder weather and stronger LNG prices supported front-month British gas prices at the beginning of the new week

20/10/2020 09:47:00

Crude oil futures continued to slip on Monday as the OPEC+ panel has made no new policy proposals from January 2021. Moreover, a resurgence of the coronavirus in Europe and the U.S. threatened to hinder a recovery in demand. Consequently, Brent crude slipped by 31 cents, or 0.7%, to settle at $42.62 a barrel. U.S. WTI crude ended rather flat at $40.83 a barrel.


French nuclear hits 41 GW, up 12 GW over past month

20/10/2020 09:25:00

French nuclear generation ramped up to 41 GW on Oct. 19 as more reactors returned to service after maintenance, lifting average output by 12 GW over the past four weeks, system data showed.