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Daily: German forward power prices boost following firmer oil and coal
Crude oil prices declined on Friday after the U.S. oil rig number increased for the first time since December, resuming concerns of a supply glut after an output freeze plan helped drive the market to 2016 peaks and multi-week gains. Brent crude lost 24 cents at $41.30 a barrel, having boosted $1 earlier to a 2016 high of $42.54. U.S. crude for April delivery closed at $39.44 a barrel, fell 76 cents, or 1.89 percent, after soaring $1 earlier to a year peak of $41.20.
read more... 21/03/2016
Two Czech companies submit bids for Vattenfall's German coal and power activity
Two Czech companies have submitted offers for Vattenfall's loss-making lignite coal mines and related power plants in Germany, but to reach a deal the Swedish state-owned conglomerate might have to pay into covering future mothballing costs.
read more... 17/03/2016
Poland: Energa envisages EDF heating plants, more coal projects
Energa is thinking about purchasing mostly coal-fired heating plants from French utility EDF and investing in local troubled coal mining company Kompania Weglowa, Poland's No.4 utility stated on Tuesday.
read more... 16/03/2016
Three German energy giants claim a €19bn compensation for nuclear closure
German utility giants E.ON, RWE and Vattenfall and government clashed at a court hearing over the country's controversial decision to phase out all nuclear plants by 2022 aftermath the dramatic incident at Japan’s Fukushima nuclear power plant in 2011.
read more... 16/03/2016
UK firm will construct $2.5 million solar project in Kenya
A UK firm plans to construct a solar project valued at $2.5 million (£1.7m) in Kenya.
read more... 15/03/2016