UK sets new wind power record amid winter storm

11/02/2020 11:01 Wind


Winter storm Ciara has helped the UK set a new wind power generation record last Saturday, when the renewable energy covered 56% of the country’s electricity demand, Kallanish Energy reports.

The storm battered Britain with heavy rain and winds of up to 100 miles per hour over the weekend.


According to data from utility Drax Group, wind power generation supplied as much as 14,880 megawatts (MW) to the national grid early Saturday. Overall on that day, wind generation from both onshore and offshore farms supplied 44.26% of the British demand, or 13,950 MW – beating the Dec. 9, 2019, record.


On Feb. 8, nuclear power accounted for an 18.40% share of demand and gas for 17.73%. Both energy sources are the backbone of power supply in a post-coal UK.


Data from the National Grid’s Electricity System Operator (ESO) showed 2019 saw the highest levels of wind and solar generation ever recorded in the UK. Great Britain’s reliance on fossil fuels hit an all-time low last year, as coal power plants were shut down.


ESO director Fintan Slye said last December the UK electricity system is “changing quickly,” towards the country’s target of net-zero emissions by 2050. National Grid is seeking carbon free operations by 2025.


Daily (07.04.2020): European year-ahead power prices soared on Monday due to an aggressive increase in carbon prices

07/04/2020 11:11:00

Oil prices started the week on a back foot after a postponement to Thursday of a meeting between OPEC and its allies aimed at reducing the excess supply of black gold on the world market. Hence, Brent crude for June delivery fell by $1.06, or 3.1%, to settle at $33.05 a barrel on ICE London. Meanwhile, U.S. WTI crude decreased by 2.26, or 8%, to end at $26.08 on NYMEX. The two benchmarks saw a recovery last Thursday and Friday due to signals of new production cuts sent by Russia and Saudi Arabia.


Prices fall in Greece's renewables tender with 503 MW awarded

07/04/2020 11:05:00

Greece has awarded 502.94 MW of wind and solar power capacity in its latest mixed renewables tender, with bids hitting as low as EUR 49.11 (USD 53.06) per MWh.


Russia To Cut 1 Million Barrels Per Day, But Under One Condition

07/04/2020 11:01:00

Russia may be willing to reduce its oil production by as much as 1 million bpd, or a little under 10 percent of its March average but only if the United States joins the cuts, Bloomberg has reported citing sources it said were familiar with the dominant sentiment in the industry.