Solar and offshore wind capacity objectives of Spain to be lowered

16/06/2010 09:15 Renewable

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Spanish solar and offshore wind capacity targets have been reduced, though keeping the goal of deriving 20 percent of its electricity from renewable energy.

Spain cut its solar electricity objective by 14 percent, targeting to install 13.45 GW solar power by 2020, according to Renewable Energy Plan issued by the Institute for the Diversification and Saving of Energy. Spanish solar energy market boosted while the existence of encouraging government feed-in tariffs, but further cuts in incentive schemes discouraged new installations. As for the offshore wind capacity installation target, Spain has cut it by 40 percent, aiming to install 3,000 MW by 2020.

Daily (04.12.2019): Carbon price plummets to a two-week low on Tuesday amid a weak energy complex

04/12/2019 10:47:00

Crude oil prices ended on a mixed note on Tuesday, with Brent hitting its lowest level since Oct.21, while WTI prices increased for a second consecutive session. Brent decreased by 10 cents, or 0.2% to end at $60.82 a barrel, following comments from the U.S. President Trump that a trade deal with China might be delayed, feeding uncertainty over demand. WTI rose by 14 cents, or 0.3%, to close at $56.10 a barrel, extending the 1.4% gain registered on Monday.

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Albania, Kosovo agree to set up common energy market

04/12/2019 09:05:00

Kosovo’s power transmission system operator KOSTT said it has signed an agreement with its Albanian peer OST to set up a common energy market of the two neighboring countries.

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Edison to build 760MW gas-fired thermoelectric power plant in Italy

04/12/2019 09:00:00

Italy’s Edison is planning to build 760MW natural gas-powered thermoelectric power plant in Presenzano in the province of Caserta, with an investment of €370m ($408m).

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