Vattenfall to build an offshore wind park in Germany

22/07/2010 08:23 Renewable

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Munich municipality intends to provide its households with 100% renewable energy by 2025.

A step toward the accomplishment of this goal is the new deal between Vattenfall and the Munich municipal utility Stadtwerke München. Both companies created a joint venture for the realization of a new wind offshore project, DanTysk wind farm, which would provide more than 500.000 households with clean energy. The offshore wind park DanTysk, planned to be built 70 km west of Sylt Island, will have 80 turbines disposed on an area of 70 square kilometers, and it is scheduled to start generating by 2013. There are ongoing tenders for cabling and foundation works. Vattenfall has the majority of shares in the project, owning 51% stake. The investment decision of both partners will be announced in October this year, after feasibility studies.

Iran finds new oilfield of massive size

11/11/2019 14:10:00

Iranian President Hassan Rouhani on Sunday said a new big oilfield has been discovered in Khuzestan province in southwestern Iran.

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Daily (11.11.2019): NBP spot jumped by 7.2% on Friday due to colder weather

11/11/2019 11:08:00

Oil prices inched up on Friday despite U.S President Donald Trump not agreeing to decrease tariffs on China, but still accepting a potential deal to be struck by the end of the month. Hence, Brent crude traded 0.4% higher at $62.51 a barrel. WTI futures edged 0.2% higher at $57.24 a barrel.

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Aker BP plans early startup at Norway's Aerfugl gas field

11/11/2019 10:19:00

Oil and gas firm Aker BP will accelerate the startup of production from Norway’s Aerfugl natural gas field, the company said on Monday.

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