Latest news
Renewables provided third of all UK power in 2018
That’s according to a new statistical report published by the Department for Business, Energy and Industrial Strategy (BEIS), which details energy statistics from across the fourth quarter of the year and provisional annual data for the whole of 2018.
read more... 29/03/2019
Serbia's NIS, Swiss-based MET join forces in wind farm project
Switzerland-based MET Group said on Thursday its wholly-owned subsidiary MET Renewables and Serbian oil and gas group NIS have set up a joint venture for the construction of a 102 MW wind farm in northern Serbia.
read more... 22/03/2019
Ofgem backs 600MW Shetland grid link
UK energy regulator Ofgem said is it minded to approve construction of a 600MW subsea interconnector from Shetland to mainland Scotland to support renewables expansion.
read more... 20/03/2019
Daily (18.03.2019): European spot prices tumbled by over 30% on Friday due to strong renewables generation
Oil prices edged lower on Friday as rising crude U.S. weekly production and worries about global economy put pressure on the market. Brent crude slipped by 0.1% to $67.16 a barrel, while WTI futures traded 0.2% lower at $58.52 a barrel.
read more... 18/03/2019
Daily (11.03.2019): German spot power price plummeted by nearly 70% due to strong renewables output
Crude oil prices fell on Friday, weighed by downbeat U.S. job growth data. The bearish equity markets, influenced by ECB’s announcement about the continued weakness of the European economy coupled with lower Chinese exports and imports data, put more pressure on prices. Brent crude ended 0.8% down at $65.74 a barrel, while WTI futures dropped by 1% to $56.07 a barrel.
read more... 11/03/2019