Latest news
EU renewables generation makes ‘records fall like dominos’ in May
German renewables generation hit 58% throughout May, while the UK averaged 48%, new figures reveal.
read more... 05/06/2020
Daily (04.06.2020) NBP spot soared by 13.6% on Wednesday as low wind output boosted gas-for-power demand
Crude oil prices stretched gains on Wednesday, on a potential new agreement between OPEC and its allies to cut crude supplies. Nevertheless, a weekly increase in U.S crude inventories supported the bullish trend. As a result, Brent crude increased by 0.6% to $39.79 a barrel. Similarly, WTI futures traded 1.3% higher at $37.29 a barrel.
read more... 04/06/2020
Cabinet approves German offshore wind law
The German cabinet has approved the amended Wind Energy At Sea Act (WindSeeG) presented by federal minister for economic affairs and energy Peter Altmaier.
read more... 04/06/2020
EDF terminates nuclear electricity supply contracts
French utility EDF has notified three energy suppliers - Alpiq, Gazel Energie and Total Direct Energie - of the termination of their contracts under a mechanism that allows rival suppliers to buy electricity produced by EDF's nuclear power plants. The suppliers had sought to invoke the force majeure clause in their supply contracts with EDF.
read more... 04/06/2020
Total’s LNG project in Mozambique to secure $15bn
Total's planned LNG export facility in Mozambique is to receive $15 billion (267bn rand) of financing commitments from a banking consortium at a signing scheduled for June, according to South Africa's Rand Merchant Bank (RMB), one of the project's backers.
read more... 04/06/2020