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Daily (07.10.2021): German and French spot power prices hovered around 300 EUR/MWh on Wednesday, due to high demand and weaker renewables generation
Oil prices lost ground on Wednesday, following a larger-than-expected rise in crude stocks in the United States. Consequently, Brent crude decreased by 1.8% to $81.08 a barrel. WTI oil fell by 1.9% to $77.43 a barrel.
read more... 07/10/2021
Repsol hikes 2030 renewables target by 60pc to 20GW
Spanish integrated firm Repsol has increased its target for installed renewable power capacity to 20GW in 2030 from a previous target of 12.7GW, with Spanish capacity accounting for about a third of projects by the end of the decade, compared with 90pc currently.
read more... 07/10/2021
Daily (05.10.2021): European electricity prices rocketed on Monday amid low renewables output, surging gas prices
Oil prices prolonged their rally, to hit a three-year high on Monday following OPEC+ decision to stick with its current output policy as demand for petroleum rebounds. Hence, Brent crude soared by $1.98, or 2.5%, to settle at $81.26 a barrel. U.S. WTI crude settled up $1.74, or 2.3%, to $77.62 a barrel.
read more... 05/10/2021
BP, Eni seek to raise $2 bln for Angola joint venture
BP and Eni are seeking to raise up to $2 billion for their emerging oil and gas joint venture in Angola as they look to reduce debt to help build up renewables businesses, banking and industry sources said.
read more... 04/10/2021
Spain taxes renewables, nuclear power plants to help consumers cope with high electricity prices
Spain has introduced a charge on the production of renewable energy power plants to mitigate the impact of soaring electricity and gas prices on consumers. A similar levy for nuclear and hydropower plants is in the pipeline.
read more... 29/09/2021