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Daily: European spot power prices climb on weak wind supply outlook
Crude oil prices hiked 5 percent on Tuesday, the largest daily gain since April, as investors’ covering of short positions and a technical recovery helped to rebound the market from two-month lows. U.S. crude's West Texas Intermediate (WTI) futures rose $2.04, or 4.6 percent, to settle at $46.80 a barrel. Brent crude futures increased $2.22, or 4.8 percent, to close at $48.47.
read more... 13/07/2016
Nine offshore wind energy developers join forces to slash levelised cost of energy
Nine of the largest offshore wind developers in Europe: DONG Energy, EnBW, E.ON, Iberdrola, RWE, SSE, Statkraft, Statoil and Vattenfall have joined forces with independent company Carbon Trust to work on collaborative research, development and demonstration (RD&D) programme - the Offshore Wind Accelerator (OWA) in order to slash the levelised cost of energy from offshore wind, improve efficiency and availability of existing and future offshore wind farms.
read more... 12/07/2016
Danish gas exchange Gaspoint Nordic to join European platform Pegas
Danish gas exchange Gaspoint Nordic will join the Pegas platform this year, operated by French energy bourse Powernext. Denmark will be the first Scandinavian country on the platform.
read more... 07/07/2016
Daily: Crude oil plunges 5 % on Brexit possible implications over economy
Crude oil prices plunged nearly 5 percent on Tuesday, on investors’ concerns that Britain’s exit from the European Union would sink the economy, with energy demand incapable of absorbing the oversupply. Brent futures lost $2.14, or 4.3 percent, to settle at $47.96 a barrel, while U.S. crude declined $2.39, or 4.9 percent, to close at $46.60.
read more... 06/07/2016
EDF reiterates its support for Hinkley Point nuclear project despite Brexit
French power utility EDF on Monday reiterated its support for the development of delayed new nuclear power station at Hinkley Point in southern England, declaring that British referendum to quit the European Union will not affect its plans.
read more... 05/07/2016