Renewables power in German public supply tops 40% in 2018

09/01/2019 09:16 Renewable

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Renewables were responsible for 40.4% of Germany’s net electricity production on the public grid last year and ranked as the second largest power generation source, a new report shows.

According to analysis compiled by the Fraunhofer Institute for Solar Energy Systems ISE, Germany’s renewable power plants had a combined output of about 219 TWh in 2018, or 4.3% more than in the previous year. Generation from coal and gas, meanwhile, dropped, as did hydropower due to the extremely dry summer season.

 

From April through August 2018, solar power generation per month exceed that of hard coal power plants.

Source: renewablesnow.com

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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