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Daily (02.03.2017): Power curve prices in a positive territory tracking firmer fuels
Crude oil prices fell on Wednesday as record-high U.S. crude stocks lessened expectations that the market will re-equilibrate as evidence emerges that OPEC producers are complying with an agreement to slash production.
read more... 02/03/2017
Portugal’s EDP Renovaveis forecasts its EBITDA to grow by 10% this year
Portuguese wind power company EDP Renovaveis (EDPR) forecasts its earnings before interest, taxes, depreciation and amortization (EBITDA) to grow by 10% this year, after reporting weaker than expected 3% growth for 2016, to 1.17 billion euros.
read more... 01/03/2017
Ofgem mulls reduction of subsidies for small-scale power producers
Britain's energy watchdog, Ofgem proposed on Wednesday to slash subsidies to some small-scale power producers that provide back-up electricity during peak demand.
read more... 01/03/2017
German KfW agrees on 45 mln euros loan for Serbian power plant clean-up project
Germany's development bank KfW will lend 45 million euros to Serbian state-run power distributor Elektroprivreda Srbije (EPS) for a project to modernise the ash handling system at the country's largest coal-fired power plant complex.
read more... 01/03/2017
Daily (1.03.2017): German spot power contract soars 20% on changeable wind patterns
Crude oil prices lost ground on Tuesday, but continued to trade in a tight range, as concerns about swelling U.S. crude stockpiles eclipsed OPEC production reductions. U.S. crude stockpiles have boosted for seven straight weeks. Forecasts for another weekly build of 3.1 million barrels fueled worries that demand growth may not be enough to absorb the oversupply.
read more... 01/03/2017