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Daily (17.04.2023): European forward electricity prices fell by 3% on Friday, in tandem with bearish gas, carbon markets
Crude oil prices rose slightly on Friday after the International Energy Agency (IEA) unveiled global demand will hit a record high this year on the back of a recovery in Chinese consumption. Hence, Brent crude rose by 0.3% to settle at $86.31 a barrel. U.S. WTI crude settled at $82.52 a barrel, gaining 0.4% day-on-day.
read more... 17/04/2023
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German grid firm Amprion plans to invest 22 bln euros over five years
German grid firm Amprion on Thursday said it plans to invest around 22 billion euros ($24 billion) over five years in its power transmission network, one of four in Europe's biggest economy, to make lines and cables fit for the transition to more renewable electricity.
read more... 14/04/2023
Finland's Gasum targets 7 TWh of RNG annually by 2027
Finnish state-owned energy company Gasum Oy wants to pay more attention to renewable natural gas and electricity as part of its new five-year strategy and has set itself the goal of providing 7 TWh of biogas annually to the Nordic region by 2027.
read more... 11/04/2023
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Bulgaria risks €10 billion over coal addiction
Bulgaria risks losing €10 billion as politicians continue to be reluctant to carry out reforms for the Green Transition, a move that would ensure Bulgaria continues to produce polluting and expensive electricity from coal and stays uncompetitive.
read more... 07/04/2023
Mexico snares Iberdrola power plants for $6 bln in 'new nationalization'
The Mexican government has agreed to buy 13 power plants from Spanish energy giant Iberdrola in a deal worth $6 billion, which Mexico's president hailed as a "new nationalization" of the electricity market that will amp up state control.
read more... 06/04/2023