Ireland to set its first geothermal energy project

08/06/2010 09:11 Renewable

news

Energy Developers GT Energy and ESB International have recently created a partnership thus making Ireland to enter the geothermal energy market.

In 2010, Ireland has reached its goal of getting 15 percent of its energy from renewable resources, targeting 40 percent by 2020. According to Padraig Hanly, the managing director of GT Energy, geothermal energy might turn into the main source to be used for the Irish power grid as most of the installed generation capacity of new projects is below 5 MW. As the Sustainable Energy Authority of Ireland has recently indicated, wind energy continued to develop, representing two thirds of the power generation deriving from renewable sources in 2009.

EDF revises 2020 forecast for French nuclear output

07/07/2020 09:16:00

EDF is revising upwards its nuclear output estimate in France for 2020, to around 315-325 terawatt-hours. In April, the French state-owned utility said it expected generation this year to be about 300 TWh, down from an initial expectation of 375-390 TWh before the coronavirus outbreak.

<READ MORE

Daily (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.

06/07/2020 10:40:00

Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.

READ MORE

Swinoujscie terminal receives 100th LNG shipment

06/07/2020 10:05:00

The Swinoujscie gas terminal in north-western Poland received its 100th liquefied natural gas cargo on Friday. The 90,000 tonnes LNG shipment came from Qatar Liquefied Gas Company Limited (Qatargas) aboard the Al-Safliya LNG tanker.

READ MORE