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Nine offshore wind energy developers join forces to slash levelised cost of energy
Nine of the largest offshore wind developers in Europe: DONG Energy, EnBW, E.ON, Iberdrola, RWE, SSE, Statkraft, Statoil and Vattenfall have joined forces with independent company Carbon Trust to work on collaborative research, development and demonstration (RD&D) programme - the Offshore Wind Accelerator (OWA) in order to slash the levelised cost of energy from offshore wind, improve efficiency and availability of existing and future offshore wind farms.
read more... 12/07/2016
French EDF acquires a 80 % stake in Chinese wind energy firm
State-owned French energy giant EDF on Tuesday acquired a majority 80 percent stake in Hong Kong-based Chinese firm UPC Asia Wind Management (AWM), growing its presence on the Chinese renewable energy market.
read more... 12/07/2016
France will impose a tax on coal-fires power plants
A French government advisory committee suggested that France should up its taxes on coal-fired power plants as alternative options for France to phase out coal in favor of gas in order to reduce carbon emissions.
read more... 12/07/2016
Daily: Crude oil prices plunge at the lowest level in two-months on OPEC production rally
Crude oil prices plunged at their lowest level in two months on Monday after a study unveiled that crude oil output from the Organization of the Petroleum Exporting Countries has attained the highest level since August 2008 at 32.73 million barrels a day. West Texas Intermediate crude for August delivery lost 65 cents, or 1.4%, to settle at $44.76 a barrel on the New York Mercantile Exchange.The global benchmark Brent crude for September delivery declined 51 cents, or 1.1%, to end at $46.25 a barrel on the ICE Futures exchange in London.
read more... 12/07/2016
Germany unveils shift from renewables subsidies to auctions
Germany’s parliament adopted on July 8 an amended Renewable Energy Sources Act (EEG 2016), which replaces feed-in tariffs with competitive auctions and caps wind energy deployment to allow for the grid development to catch up.
read more... 11/07/2016