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EU power prices could drop 40% on recession – Thema
Continental European power prices could fall by up to 40% to EUR 20-25/MWh on average next year should efforts to curb the coronavirus cause a global recession, said Oslo-based consultancy Thema.
read more... 30/03/2020
LNG suppliers flood market with excess spot cargoes as demand shrinks
Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.
read more... 30/03/2020
World adds 60.4 GW of wind in 2019
The world installed 60.4 GW of wind power capacity in 2019, of which 70% in China, the US, the UK, India and Spain, the latest Global Wind Report by the Global Wind Energy Council (GWEC) reveals.
read more... 27/03/2020
COVID-19 Delays Construction of 299 MW Biomass Power Plant in UK
Construction on the Tees Renewable Energy Plant (Tees REP) a 299 megawatt (MW) biomass power plant in the U.K. was suspended on March 24 due to the COVID-19 pandemic. A small number of critical maintenance staff remain onsite. MGT, the owner and operator of Tees REP, did not indicate when construction on the facility might resume.
read more... 27/03/2020
EDF to Delay Applying for UK Nuclear Plant Building Consent
LONDON - Utility EDF said on Thursday it will apply for development consent later than planned to build its Sizewell C nuclear plant in Britain due to the coronavirus crisis.
read more... 27/03/2020