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 (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17:00

Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.

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Mongolia exports 32.3 million tons of coal as of first ten months

12/11/2019 10:35:00

Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.

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NTT to spend 600 billion yen on own grids for power business

12/11/2019 10:25:00

Nippon Telegraph and Telephone has decided to build its own power grids. Japan's largest telecom company plans, beginning in the year ending March 2021, to sell electricity from storage batteries at its roughly 7,300 office buildings around the country, mainly to hospitals and factories.

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