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North Sea leading global offshore wind power generation
The North Sea now accounts for 90% of all global offshore wind power generation, but will soon face a challenge from China, it has emerged.
read more... 18/10/2018
Scottish Power to use 100% wind power after sale to Drax
Scottish Power will become the first major UK energy company to generate all its electricity from wind power instead of coal and gas, after selling its final gas and hydro stations to Drax.
read more... 16/10/2018
Daily (15.10.2018): The German spot power price fell by almost 21% on Friday, due to stronger wind generation and lower demand
Oil prices were slightly higher of Friday, as the impact of the Hurricane Michael left several platforms in the Gulf of Mexico inactive, contributing to a drop in the U.S. crude production. Consequently, Brent crude closed 0.2% up at $80.43 a barrel.
read more... 15/10/2018
Fortum JV bolsters Russian regional ties
Finnish energy company Fortum and local partner Rusnano have signed a cooperation agreement with the government of Kalmykia to build up to 450MW of wind power in the Russian region.
read more... 12/10/2018
Daily (10.10.2018): German day-ahead power price declined by more than 13% on Tuesday due to high wind output
Global oil prices rose slightly on Tuesday, on signs of falling crude Iranian exports, before the imposition of a new round of U.S. sanctions. Furthermore, a partial shutdown in production in the Gulf of Mexico, ahead of Hurricane Michael heading towards eastern states sustained the upward trend in prices. WTI crude oil price, the U.S. benchmark contract, gained 67 cents on Tuesday, representing a 0.9% increase, and traded at $74.96 a barrel. Meanwhile, the international benchmark Brent crude oil futures rose by 1.3% to trade at $85.00 a barrel.
read more... 10/10/2018