Latest news
Britain's Octopus Energy to invest $20 billion globally in offshore wind by 2030
Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday.
read more... 25/07/2023
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Nordic system price settles negative for 1st time
The Nordic system price for Sunday settled negative for the first time at EUR -1.95/MWh amid strong wind power generation.
read more... 17/07/2023
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‘UK abandons proposed law to ban coal power generation’
The government has reportedly scrapped a plan to pass a law to ban coal power generation in Britain.
read more... 26/06/2023
Daily (12.06.2023): Strong solar generation and low demand put significant pressure on European spot power prices
Crude oil prices dipped on Friday in anticipation of U.S. Federal Reserve meeting and potential interest rate increases. Hence, Brent crude decreased by 1.5% to settle at $74.79 a barrel. At the same time, WTI Crude traded 1.6% lower at $70.17 a barrel.
read more... 12/06/2023
Spain On Track To Generate 50% Of Its Power From Renewables In 2023
Spain is on track to generate more than half of its power from renewable sources this year, the first of the top five European countries by power demand to accomplish this feat, according to Rystad Energy forecasts. Spain will reach this significant decarbonization milestone this year, with renewable-sourced generation surpassing the 50% average in 2023, beating France, Germany, Italy and the UK to this record.
read more... 08/06/2023