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Daily: German forward power soared on firmer carbon, coal prices
Brent crude jumped on Tuesday in heavy spread trading as market players focused on the alleviation of tensions between Iran and the West. Front-month Brent crude for November delivery increased by 48 cents to settle at $108.64. Meanwhile, November U.S. crude decreased by 46 cents to close at $103.13 a barrel.
read more... 25/09/2013
German industry association calls for the abolition of FiT system after re-elections
German BDI industry association wants Chancellor Angela Merkel, after re-election, to abolish the feed in tariff system that made Germany the biggest renewable energy market in Europe.
read more... 25/09/2013
Dong Energy to quadruple its offshore wind capacity by 2020
Dong Energy is aiming to have installed 6.5GW of operating offshore wind capacity in north-west Europe by the end of the decade, with an intermediate target of 3.5GW by end-2016. Dong has publicly adopted an unprecedented target of reducing its offshore wind cost of energy to €100/MW by 2020. This would correspond to at least 47% less than Germany's current feed-in tariff for offshore wind generation, which is set at EUR 190/kWh. The new 2020 benchmark target for offshore wind is to quadruple installed offshore wind capacity from its currently 1.7GW to 6.5GW in 2020.
read more... 24/09/2013
India to build an ultra mega green solar power project by 2016
The Indian government unveiled its plans to build a 4GW project near Sambhar Lake in Rajasthan, being the largest solar power plant in the world.
read more... 24/09/2013
Daily: European coal prices increase to the highest level since May
Crude oil prices declined on both sides of the Atlantic, down more than $1 per barrel on Monday, despite bullish economic data from China and Europe, as higher crude production from Iraq and a possible lessening in U.S.-Iran relations increased the supply panorama. Brent crude for November delivery eased $1.06 to settle at $108.16 per barrel, after hitting a session low of $107.76. Meanwhile, U.S. crude for November declined $1.16 to $103.59 a barrel. Brent's premium over U.S. crude settled at $4.57, little changed from Friday's close of $4.55.
read more... 24/09/2013