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Daily (12.09.2023): German spot power surged dramatically by 44% due to the initiation of labor strikes at Chevron's LNG production facilities
Crude oil prices remained relatively steady as they appeared to have reached a point of equilibrium due to the combination of declining demand and reduced OPEC production. Hence, Brent crude traded at $90.64 a barrel. Meanwhile, U.S. WTI edged 0.3% lower at $87.29 a barrel.
read more... 12/09/2023
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Europe's solar industry warns of bankruptcy risk as prices drop
Europe's solar power industry warned on Monday of a "precarious" situation for European solar photovoltaic (PV) manufacturers as solar PV prices reached record lows.
read more... 12/09/2023
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Work starts on key German wind power energy line
Construction work has started on the long-delayed 700-kilometre (430-mile) power line that will transfer wind-generated electricity from northern to southern Germany, the economy ministry said Monday, pushed by an energy crisis.
read more... 12/09/2023
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French bank launches PPA guarantee scheme
French state-owned bank Bpifrance has launched a guarantee scheme aimed at helping industrial consumers sign up to 500 MW of cumulative long-term power purchase agreements (PPAs).
read more... 12/09/2023
Daily (11.09.2023): European carbon prices plunged to their lowest level in three months on Friday, amid abundant supply and sluggish demand
Oil prices resumed their upward trend on Friday, boosted by the low level of US crude inventories, further tightening a market already worried about supply shortages. As a result, Brent crude edged 0.8% higher at $90.65 a barrel, while WTI crude rose by 0.7% to $87.51 a barrel.
read more... 11/09/2023