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

Daily (17.09.2019): Oil prices jumped by nearly 15% following the attacks on Saudi oil facilities

17/09/2019 11:00:00

Crude oil prices posted its biggest daily gain in over 30 years, following the attack on Aramco crude facilities which led to a in cut Saudi Arabia’s production and intensified concerns of retaliation in the Middle East. According to the news, Aramco may take months to resume normal output volumes. As a result, Brent crude surged by 14.7% to $69.02 a barrel, while WTI futures hiked by 14.6% to $62.90 a barrel.

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Belgian capacity market will lead to oversupply – Anode

17/09/2019 09:25:00

Belgium’s plans to launch a capacity market could lead to an oversupplied system, which will hurt profitability for new and existing power plants, said Anode Energie portfolio manager Kris Voorspools.

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Ofgem gives conditional nod to 220-MW Scottish interconnector plan

17/09/2019 09:19:00

UK energy regulator Ofgem said today it has given the thumbs-up to the construction of a 220-MW high-voltage transmission line that will connect the Orkney Islands with the Scottish mainland.

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