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Siemens Energy mulls plan for exiting coal activities
Siemens Energy is working on plans to exit technologies tied to coal-fired power stations, Siemens Chief Executive Joe Kaeser told Welt am Sonntag.
read more... 28/09/2020
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Daily (25.09.2020): German power spot hiked by over 8% on Thursday due to weaker wind generation
Crude oil futures finished slightly higher on Thursday, buoyed by tighter U.S. crude supplies, while the alarming comeback of the pandemic in Europe restrained gains. Hence, Brent crude edged 0.4% higher, to settle at $41.94 a barrel. Meanwhile, U.S. WTI crude rose by 1%, to end at $40.31 a barrel.
read more... 25/09/2020
Mirova invests in 129-MWp portfolio of French PV
France’s Mirova has made a EUR-18-million (USD 21m) equity investment in compatriot Corfu Solaire that will go towards a 129-MWp portfolio of solar projects in France.
read more... 25/09/2020
Greece’s target of phasing out coal by 2028 is ‘highly optimistic’
Greece apportioned €5bn ($5.9bn) to phase-out the use of coal by 80% by 2023, to reduce the nation’s carbon footprint. These are highly optimistic targets, particularly considering the fact that back in 2015 coal-based generation formed 41.6% of the generation mix. In 2019 this reduced to 27.9%, which, by 2030, if not entirely staged out, is predicted to have a small share of less than 10%.
read more... 25/09/2020
ONGC’s Hazira plant fire may boost India's LNG imports
A fire at state-owned ONGC's Hazira gas-processing plant in Gujarat, western India, has been extinguished and the operator is making efforts to resume normal operations soon.
read more... 25/09/2020