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Jun 14, 2024

Daily (14.06.2024): Energy prices remained relatively stable on Thursday

Oil prices fluctuated on Thursday but managed to end slightly higher, influenced by larger-than-expected US crude reserves, weakening US inflation data, and Federal Reserve announcements that bolstered the dollar. Hence, Brent crude stood at $82.75 per barrel, while WTI crude reached $78.62....

Jun 14, 2024

Germany opens 2.1-GW solar tender, 20-MW project limit remains

Germany's Federal Network Agency has launched the second round of the tender for ground-mounted solar projects, inviting developers to submit bids for a total capacity of 2.147 GW by July 1. Although the legal changes known as Solar Package I, aimed at accelerating solar deployment, have already been approved by the German authorities, their imp...

Jun 14, 2024

Croatia launches 607-MW tender for renewables market premiums

Croatian energy market operator HROTE has issued a public tender to award market premium support to renewable energy projects with a combined capacity of 607 MW. HROTE launched the call on Wednesday and will accept submissions by June 27, 2024. The public tender follows a public call in April that aimed to collect bids for participation in th...

Jun 14, 2024

SSE wraps up Yellow River turbine installation

SSE completed turbine installation at the 101MW Yellow River onshore wind farm at Rhode in County Offaly, Ireland. This latest project milestone for Yellow River has been reached on the eve of tomorrow’s Global Wind Day (Saturday 15 June), the annual worldwide celebration of the power and possibilities of wind energy that takes place every 15 Ju...

Jun 14, 2024

Renault on par with Chinese on EV assembly time

Renault can match the production speed of the most competitive Chinese electric-vehicle makers with the new Renault 5 small EV, the company’s head of industrial strategy said at the 2024 Automotive News Europe Congress. Renault has said it will take nine hours to build the Renault 5 when it goes into production later this summer in its Douai, F...

Jun 14, 2024

e Dollar just lower; euro set for sharp weekly loss on political turmoil

The U.S. dollar slipped marginally Friday, while the euro also fell, heading for a sharp weekly loss amid political turmoil in the region. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.125. Dollar edges lower Despite these small losses, the dollar is ...

Jun 14, 2024

French far-right National Rally to request EU power market exit

“I want to go to the European Commission to negotiate an exemption from the European electricity market, to get out of price-setting rules and allow France to go back to a French electricity price,” he said on French television channel BFMTV on Friday. Last Sunday, French president Emmanuel Macron called a snap parliamentary election after Nati...

Jun 14, 2024

Russia boosts oil revenues as shipping and trading network grows

Russian oil exporters are charging more for their oil in major market India than at any time since the war in Ukraine started as a growing number of shippers and intermediaries take part in the trade, weakening the impact of Western sanctions on Moscow. The exporters have had to offer deep discounts to encourage shipping companies and traders to...

Jun 14, 2024

Octopus pushes for quicker grid connections

Octopus Energy has stressed the urgency of streamlining the connection process to meet ambitious net zero targets in the UK. The energy company has released a detailed report advocating for quicker grid connections for green energy projects in the UK. The report addresses concerns over delays in connecting renewable energy sources to the nati...

Jun 14, 2024

EUR 20M cross-border fund announced to support geothermal in Ireland

The Special EU Programmes Body (SEUPB) has announced a new EUR 20 million (£17.3 million) from the PEACEPLUS programme for geothermal energy research and development. The funding has been awarded to the Geothermal Energy Momentum on the Island of Ireland (GEMINI), a multi-partner project made up of 14 organizations from both sides of the border. ...

Jun 14, 2024

Everfuel eyes up to 2 GW of green hydrogen production in Denmark

Danish green hydrogen company Everfuel has submitted a project proposal for the phased development of up to 2 GW of green hydrogen production capacity at the Revsing Energy Park under development by the municipality of Vejen, Denmark. If included by the municipality, the so-called Frigg project is set to become Everfuel’s first large-scale produ...

Jun 14, 2024

Nuclearelectrica to lend 169 mln euro for Cernavoda NPP expansion

Nuclearelectrica, the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said it plans to lend up to 841 million lei ($182.59 million/168.97 million euro) to its fully-owned subsidiary EnergoNuclear to finance the development of Units 3 and 4 power plant. Nuclearelectrica proposed to its shareholders to approve the loan, which will ...

Jun 14, 2024

SSE Pacifico and partners to develop floating offshore wind plant in Japan

SSE Pacifico and its consortium partners have secured public funding for a 30MW floating offshore wind demonstration project offshore Akita Prefecture, Japan. The project, which will be situated in waters up to 400m deep, will be one of the deepest offshore wind developments globally. SSE Pacifico president Dai Karasawa stated: “We’re delight...

Jun 14, 2024

Energoatom carries out maintenance on three Ukrainian nuclear reactors

Energoatom, the Ukrainian state-run energy company, has carried out pre-winter maintenance on three of nine nuclear reactors at two of its nuclear power plants (NPPs). After Russian missile attacks destroyed most of its thermal power plants and at least two hydropower stations, Ukraine now relies mainly on three NPPs for electricity. Its four...

Jun 14, 2024

Goldbeck Solar und EBRD investieren in solaren Wiederaufbau in der Ukraine

Goldbeck Solar wird in der Ukraine Photovoltaikanlagen mit einer Leistung von 500 Megawatt errichten. Dazu hat das Unternehmen mit der EBRD ein Joint Venture gegründet. Der Projektierer Goldbeck Solar und die Europäische Bank für Wiederaufbau und Entwicklung EBRD haben ein gemeinschaftliches Unternehmen gegründet. Die Goldbeck Solar Investment U...

Jun 14, 2024

RES wins municipal approval for 24-turbine Swedish wind farm

UK-based RES Group has secured authorisation for the construction of a 24-turbine wind farm in the Vasternorrland County of northern Sweden. The approval was granted by the Ange municipal council, the British developer said on Monday and explained that the positive decision greenlights the selected location of the proposed wind farm. The next st...

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