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German hourly power drops to minus 50.26 euros per MWh for Sunday
German day-ahead power prices plunged as low as EUR -50.26/MWh on an hourly basis for a fourth consecutive Sunday amid low demand and high renewables feed-in.
read more... 06/04/2020
GAS – Spot contracts slump to fresh multi-year lows
Spot gas contracts on the Dutch TTF and the UK’s NBP hit fresh multi-year lows on Friday as mild temperatures and ample supply exacerbated by the coronavirus crisis weighed on the market.
read more... 06/04/2020
Hungarian minister highlights importance of nuclear energy
The coronavirus pandemic has underlined the importance of the existing Paks nuclear power plant, which accounts for about half of Hungary's electricity generation, noted János Süli. The minister responsible for the design, construction and commissioning of two new reactors at Paks said that project will maintain the country's energy security and help revive its economy in the coming years.
read more... 03/04/2020
Wind, solar secure 1.4GW in latest French tenders
The French Ministry for the Ecological and Inclusive Transition has procured approximately 750MW of wind and 630MW of ground-mounted photovoltaic capacity in its latest round of tenders.
read more... 03/04/2020
COVID-19: Iberdrola ‘will stick to 9GW expansion plan’
Renewables heavyweight Iberdrola will stick to its investment strategy to build 9GW of new capacity over the coming years and is accelerating €3.8bn in procurement orders to support the supply chain during the COVID-19 pandemic.
read more... 03/04/2020