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Daily: European power prices trade higher on higher consumption amid cold snap
Brent crude oil overturned early losses on Friday after hitting a two-month low near $105 a barrel, but remained on track to close down for the week as traders assessed the likelihood of a sustained recovery in supply from Libya.
read more... 20/01/2014
Germany plans to curb by a third the renewables subsidies by 2015
Germany’s economy minister envisages curbing the support price paid for electricity from solar and wind power generators by about a third by 2015, according to a recent draft proposal.
read more... 20/01/2014
European utilities gave up €6bn of modern gas-fired power plants in 2013
European utilities are progressively giving up on gas power generation and have shelved or closed more than 21 gigawatts (GW) of capacity last year, worth an estimated €6bn, according to a research showed on Friday, following the impact of weak coal prices and slowed economies.
read more... 17/01/2014
E.ON has started construction works of Amrumbank West wind farm
German utility company E.ON has started the construction of the Amrumbank West wind farm, a 288MW wind project in the North Sea, which will consist of 80 turbines, and should be enough to power around 300,000 households, cutting more than 740,000 metric tons of carbon emissions every year. The first foundation has been installed at the site, 37 kilometres off the island of Heligoland.
read more... 16/01/2014
Daily: European power prices drop on higher wind power supply forecast
Brent crude oil dropped towards $106 a barrel on Tuesday as Libyan supply increased and a resumption of Iranian oil shipments appeared to get closer. Recent weak U.S. economic data has also softened the outlook for fuel demand in the world's largest oil consumer.
read more... 15/01/2014