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Daily: European spot power prices down on more wind and sun power generation
Brent crude oil settled lower on Wednesday as it emerged that a military strike against Syria would remain restricted, repressing fears of supply disruptions in the Middle East. U.S. oil lost more than $1 per barrel, as any Middle East conflict might further tighten already restrained global supplies. Brent prices for October delivery decreased 77 cents at $114.91, after trading as high as $116.09 and as low as $114.40. While U.S. crude oil for October delivery established at $107.23 a barrel, decreasing $1.31, or 1.2%.
read more... 05/09/2013
USA: Renewable energy represented 50% of new added capacity in 2012
Last year almost half of all new installed capacity in the USA was from renewable sources, in major part from wind and solar. The US has one of the largest wind power installed capacities in the world, enough to supply almost 10 million households across the country. Wind was the most popular renewable energy source in 2012 by far, accounting for 13.1GW.
read more... 04/09/2013
Daily: European power prices up on lower nuclear production
Brent futures recovered from a $2 drop early in the day, rising 35 cents to settle at $114.36 per barrel while the U.S. crude oil prices decreased 83 cents to trade at $106.82 per barrel at 1PM EST, the end of a thinly traded, holiday-shortened day. It had dropped as low as $104.21.
read more... 03/09/2013
Coal future in Europe
Because of the current low prices of coal and carbon allowances, coal has revived as an economically interesting input for power generation in Europe. The economic advantage of coal over natural gas poses major questions for the already troubled gas fired power plants, meanwhile the EU wants to see a shift from coal-fired power generation towards renewables and gas, which are emitting less greenhouse gasses into the atmosphere than power generated from coal.
read more... 03/09/2013
China to offer more subsidies for renewable energy
The National Development and Reform Commission (NDRC) said that China will increase subsidies for cleaner forms of electricity from Sept. 25, in a move that aims to help thermal power plants meet the country's tough new air pollution standards.
read more... 02/09/2013