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Daily: European day-ahead power prices jump amid weaker renewable output, robust fuel demand
Crude oil prices soared over $2 a barrel on Tuesday, breaking out of a month-long trading range on technical buying and industry talks as well as spurred by U.S government figures indicating that the global oversupply could ease. Brent rose by $2.67, or 5.4 percent, to settle at $51.92, breaking out of the $47 threshold it had held since early September. WTI jumped by $2.27, or 4.9 percent, to close at $48.53 a barrel.
read more... 07/10/2015
Renewables beat burning coal in the British power mix
UK generated more of its electricity from renewable sources than from burning coal for the first time in the second quarter of 2015, due to a record high from wind and solar plants.
read more... 30/09/2015
Total aims to invest $500 million per year in renewable energy
Total SA intends to invest $500 million a year in green energy, a step by Europe’s second-most important oil and gas firm to grow in biofuels and solar.
read more... 25/09/2015
Major companies join alliance searching for 100% green power
Firms counting Goldman Sachs, Walmart and Starbucks joined an alliance on Wednesday that targets to obtain 100 percent of power from renewable sources to fight against climate change.
read more... 24/09/2015
EIB agrees to invest about €7bn in renewables
The European Investment Bank has authorized approximately €7billion of new loans for investment in green energy, water infrastructure and other strategic infrastructure projects at a meeting in The Hague.
read more... 24/09/2015