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Daily (16.04.2024): Day ahead power contracts rocketed on Monday amid low renewables
Oil prices fell slightly on Monday as the Iranian attack on Israel appeared to be less destructive than anticipated. Brent crude decreased by 0.4% to $90.10 a barrel, while WTI crude experienced a 0.3% drop to settle at $85.41 a barrel.
read more... 16/04/2024
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EU approves €900 million French biomass scheme
The European Commission has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production, to foster the transition towards a net-zero economy in line with the Green Deal Industrial Plan.
read more... 05/04/2024
EU approves €1 billion to fund Greece's renewable initiatives
The European Union has approved €1 billion in support for two renewable energy production and storage projects in Greece, the EU Commission announced on Tuesday.
read more... 03/04/2024
Daily (02.04.2024) : Strong renewable generation weighed on European electricity spot prices on Monday
Oil prices diverged on Monday, amid geopolitical unrest in the Middle East and an upturn in manufacturing activity in China. Brent crude remained stable to slightly bearish reaching a price of $87.42. At the same time, WTI Crude increased by roughly 1 % to $83.71.
read more... 02/04/2024
Renewables meet 89% of Portugal's Q1 power demand
National grid operator Redes Energeticas Nacionais (REN) said on Monday that renewable energy plants in Portugal have covered 89% of the country's electricity consumption in the first quarter of 2024.
read more... 02/04/2024