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French scheme to support electricity production from renewables gets EU nod
A French aid scheme to support renewable electricity production complies with EU State aid rules, the European Commission’s antitrust chief said on July 27, adding that the measure will help France achieve its renewable energy targets without unduly distorting competition and will contribute to the European objective of achieving climate neutrality by 2050.
read more... 28/07/2021
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Germany Needs To Significantly Speed Up Wind Power Installations
Even the 62-percent yearly jump in wind capacity installations in Germany in the first half of 2021 is not enough to meet the national and EU level of wind additions, wind power association BWE and VDMA engineering association said on Tuesday.
read more... 28/07/2021
Daily (27.07.2021): EUAs surged by 4.5% on Monday amid strong demand for coal-fired power production in Europe and Asia
Crude oil futures diverged to trade rather flat on Monday amid mixed signals. Forecasts that crude supply will be tight the rest of the year provide little support, while the spread of the COVID-19 Delta variant stoked fears about fuel demand, limiting gains. Hence, Brent crude rose by 0.5% to settle at $74.50 a barrel, while U.S. WTI crude lost 0.2% to close at $ 71.91 a barrel.
read more... 27/07/2021
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French grid operator’s ‘software-controlled battery experiment’ begins
A grid-scale battery energy storage system (BESS) has come online in northeastern France, which will be used by the national transmission grid operator RTE to assess the role of automated electricity storage in managing power flows.
read more... 27/07/2021
Europe to boost battery production as electric shift accelerates
As electric car sales take off and petrol engines face being phased out by 2035, Europe is looking to develop its own battery production base.
read more... 27/07/2021