New solar feed-in tariffs in Germany and target for 2010

03/06/2010 14:57 Renewable

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Germany’s Parliament has consented to raise the rate of photovoltaic installations per year in 2010 to 2,500 MW – 3,500 MW from 1,100 MW – 1,700 MW per year and also abolish the tariff for ground mounted systems on crop land.

The rooftops solar systems continue to dominate the German market, with over four-fifths of the 9,000 MW of photovoltaic. Tariffs for rooftop systems are expected to be reduced by between 10% and 16%, likely to take effect July 1st if revisions accepted by parliament. The scheme of more installations above the maximum target, greater the degression rate will be kept. As for the tariffs regarding wind, biogas and others, they will be the same.

Exxon Mobil considers sale of Malaysian offshore assets for up to $3 bln

09/10/2019 14:54:00

U.S. energy giant Exxon Mobil Corp is considering a sale of its Malaysian upstream offshore assets for up to $3 billion, Bloomberg reported on Wednesday.

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Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.

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Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.

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