Solar and offshore wind capacity objectives of Spain to be lowered

16/06/2010 09:15 Renewable

news

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 (09.07.2020): Higher Norwegian flows led to an oversupply in the British gas system on Wednesday

09/07/2020 10:55:00

Crude oil prices added momentum on Wednesday, following an increase in U.S. crude imports and a weekly decline in gasoline supplies that indicated an improvement in energy demand. Hence, Brent crude traded 0.5% higher at $43.29 a barrel. At the same time, WTI futures edged 0.7% higher at $40.90 a barrel.

<READ MORE

Equinor discovers gas, condensate in North Sea

09/07/2020 09:22:00

Proven reserves are between 3 and 10 million standard cubic meters of recoverable oil equivalent

READ MORE

‘Hydrogen is the rockstar of the energy system’

09/07/2020 09:05:00

The European Commission has pledged to support the installation of at least 6GW of renewable hydrogen electrolysers in the EU by 2024

READ MORE