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Daily (15.08.2019): European spot power prices plummeted by over 21% on Wednesday, amid low demand due to a public holiday in the region and surging wind output
Crude oil prices reversed earlier gains on Wednesday, amid disappointing economic data in China and the Eurozone, particularly in Germany, worsening the crude demand outlook. A surprise increase in the U.S. crude inventories added to the bearish market sentiment. In addition, traders were focused on profit taking after Tuesday’s rise. As a result, Brent crude fell by 3% to $59.48 a barrel, while WTI futures dropped by 3.3% to $55.23 a barrel.
read more... 15/08/2019
Daily (05.07.2019): EU carbon prices dropped by around 1.8% on Thursday in a weaker auction
Crude oil prices declined in a thin trading due to a public holiday in the U.S. on Thursday, influenced by a smaller-than-anticipated drop in the U.S. crude inventories. Concerns of a scarce demand stoked by weaker U.S. factory orders and slower business growth in Europe also weighed on prices. However, this week’s decision on the extension of OPEC+ output cuts limited losses. Against that background, Brent crude lost 0.8% to settle at $63.30 a barrel, while WTI futures ended 0.9% lower at $56.80 a barrel.
read more... 05/07/2019
Ørsted selected to build 1.1GW offshore wind project in New Jersey
The New Jersey Board of Public Utilities (NJBPU) has selected Danish energy giant Ørsted as a preferred bidder for Ocean Wind, the first offshore wind project in the state with 1.1GW of capacity.
read more... 24/06/2019
Germany goes 47% renewable so far this year
So far this year, renewables have produced 47% of all electricity supplied to the public grid in Germany.
read more... 04/06/2019
Alpiq sells two Czech coal-fired power plants to Sev.en Energy
Swiss company Alpiq has agreed to sell its two coal-fired power plants in the Czech Republic to Sev.en Energy Group for nearly $307.15m (€280m).
read more... 20/05/2019