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European Commission approves $6.7bn scheme to support electricity production
The European Commission has approved a $6.7bn (€5.7bn) French aid scheme to support renewable power generation from small solar installations located on buildings.
read more... 31/08/2021
Wind, low demand limit UK power sector CO2
Increased wind output and the lowest demand in over a year have reduced the call on fossil-fuel assets in the UK this month, putting the carbon intensity of the country's power sector on track for a significant decline despite record low nuclear generation.
read more... 25/08/2021
Daily (20.08.2021): The German and French spot power prices traded above 100 EUR/MWh due to forecasts for weaker wind generation
Concerns about demand due to the global spread of the Delta variant and a stronger dollar sent crude oil prices to their lowest levels since May. The Federal Reserve’s plans to pull back the pace of their monthly bond purchases strengthened the greenback, pressuring commodities markets on Thursday. As such, Brent oil tumbled by $1.78 or 2.6% to settle at $66.45 a barrel. The American WTI crude dropped by $1.77 or 2.7% to end at $63.69 a barrel.
read more... 20/08/2021
EU wind, solar peak at 123 GW helping to ease record spot power prices
Wind and solar power generation across EU markets peaked at 123 GW Aug. 17 amid a spell in wind that helped ease record spot power prices, grid operator data aggregated by WindEurope show.
read more... 19/08/2021
EU solar power generation hits record high
Solar power supply in the European Union during June and July rose to a record high in 2021, accounting for 10% of total electricity produced in the region, a report by independent climate think-tank Ember said on Wednesday (18 August).
read more... 18/08/2021