Latest news
Daily (09.12.2019): Brent posts a 3.1% weekly gain following OPEC decision to reduce output target
Crude oil prices soared on Friday as OPEC+ agreed in Vienna to extend output cuts by 500,000 barrels per day in early 2020. Consequently, Brent crude rallied by $1, or 1.6%, to settle at $64.39. It recorded a weekly hike of 3.1%. U.S. WTI crude rose by 77 cents, or 1.3%, to $59.20 per barrel. For the week, WTI jumped 7.3%, after a 4% rise reached on Wednesday after data indicated sharp declines in U.S. crude inventories.
read more... 09/12/2019
German gas industry targets 5 GW of power-to-gas capacity in five years
Germany’s gas industry aims to build power-to-gas capacity of five gigawatts (GW) over the next five years, and 40 GW by 2050, as it seeks to develop zero-carbon fuels for homes, factories and vehicles, industry group DVGW said on Tuesday.
read more... 27/11/2019
‘UK needs 120GW of new low carbon capacity to go net zero by 2050’
The UK’s legally-binding target to reach net zero emissions by 2050 will require more than 120GW of new low carbon capacity.
read more... 16/10/2019
Wind tender in Germany awards just 37.4% of 500-MW target
Another onshore wind tender in Germany ended with no real competition, awarding just 187 MW of capacity at the ceiling price of EUR 62 (USD 68.4m) per MWh, Germany’s Federal Network Agency announced today.
read more... 11/09/2019
SSE makes offshore plea to new UK PM
Developer asks Boris Johnson to raise 2030 development target by 10GW
read more... 29/07/2019