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CO2 EUA Dec 2024

May 10, 2024

Daily (10.05.2024): European carbon prices rose by over 2% on Thursday, driven by technical trading activity

<p>Oil prices ended slightly higher on Thursday following the disclosure of a decrease in crude oil inventories by the US government data. Hence, Brent crude slightly rose by 0.4% to $79.26 per barrel, while WTI crude reached $83.88 per barrel, gaining 0.3% day-on-day.</p><br><p>Temperatures above the normal levels and increasing wind weighed on da...

May 10, 2024

Gode Wind 3 delivers first power to German grid

The first turbine of the 253-MW Gode Wind 3 offshore wind farm project in the North Sea has been installed and feeds electricity into the German grid. The 11-MW machine was installed on April 23 around 32 km (19.88 miles) off the island of Norderney by Cadeler's installation ship Wind Osprey, project co-owner Ørsted A/S said on Wednesday. Th...

May 10, 2024

RWE eyes Swedish port as offshore wind hub for Baltic Sea pipeline

German energy group RWE AG said on Wednesday that is exploring the option of using a Swedish port as a centre for handling logistics, installation, operations and maintenance activities related to its offshore wind projects in the Baltic Sea. RWE and the Port of Karlshamn have inked a memorandum of understanding (MoU) to collaborate on the idea...

May 10, 2024

Austrian utility Energie AG targets 180 MW of renewables in Slovenia

Austrian electric utility Energie AG Oberosterreich has acquired a 29.4% stake in Slovenia-based wind and solar developer AAE Gamit amid plans to deliver over 180 MW of projects in the country, mostly wind. With this move, the Linz-headquartered utility has joined existing shareholders WIG Wietersdorfer Holding GmbH, Alpen-Adria Energie GmbH, GA...

May 10, 2024

RWE starts construction of 20-MWp solar farm in Germany

German energy group RWE AG said Friday it has initiated construction of a 20-MWp (15.7 MW AC) photovoltaic plant in the municipality of Bedburg in the northwestern German state of North Rhine-Westphalia. Set to begin delivering electricity in late summer, the solar park will generate enough power for around 5,400 households. “The plant in Be...

May 10, 2024

Eolus seeks nod for new Swedish onshore wind farm

Swedish renewables developer Eolus Vind AB announced today that it has filed an application for the construction of an onshore wind farm in western Sweden that will be capable of generating 200 GWh of electricity annually. The Marback project will be located in the municipality of Ulricehamn. It will be equipped with eight turbines of a maximum...

May 10, 2024

SSER, FuturEnergy cut 30MW Lenalea ribbon

SSE Renewables and FuturEnergy Ireland have marked completion of the 30MW Lenalea wind farm at an official opening event at the site in County Donegal, Ireland. The event was attended by local politicians, community leaders and supply chain representatives. The wind farm is a joint venture between SSE Renewables and FuturEnergy Ireland and is...

May 10, 2024

Geothermal drilling in Dettenheim, Germany receives state approval

Deutsche Erdwärme has received approval from the state mining directorate in the Freiburg regional council near Dettenheim in Karlsruhe, Germany. With plans underway to build a drilling site at the target project site, drilling work can begin by 2025. Managing Director Herbert Pohl confirmed the schedule, adding that the plan is to drill to a de...

May 10, 2024

Fossil fuels generated less than a quarter of EU’s electricity for first time in April

Fossil fuels produced less than a quarter of the EU’s electricity for the first time in April 2024, according to data from energy think tank Ember, with 23% produced from fossil fuels, surpassing the previous low of 27% in May 2023. According to Ember’s European Electricity Review, fossil fuels produced less than a third of the EU’s electricity ...

May 10, 2024

BP looks to expand EV charging unit in US after Tesla disbands Supercharger team

BP's electric charging unit is keen on expanding in the United States after electric vehicle maker Tesla disbanded its EV charging team, the oil company said on Thursday. The development comes days after Tesla CEO Elon Musk abruptly laid off employees who ran the EV charging business, but said the automaker still plans to expand the Supercharger...

May 10, 2024

Tesla to ramp up supercharger network expansion, plans thousands of new chargers

In a recent announcement, Tesla CEO Elon Musk took to social media platform X to reaffirm the company's commitment to expanding its Supercharger network. Musk's post stated, "Just to reiterate: Tesla will spend well over USD 500M expanding our Supercharger network to create thousands of NEW chargers this year. That's just on new sites and expans...

May 10, 2024

Lightsource bp plans 57-MW solar, 54-MW storage project in Ireland

Global solar developer Lightsource bp has announced a plan to build a 57-MWac solar farm with a 54-MW energy storage system in County Meath, Ireland. The UK-based firm said this week it will present its proposal to residents from the area surrounding the selected site at a community information event on May 22. The plan is to install the sola...

May 10, 2024

Austrian utility Energie AG targets 180 MW of renewables in Slovenia

May 10, 2024

Turbine manufacturers install 121GW in stellar year

Wind turbine manufacturers supplied a record amount of volume in 2023, according to Global Wind Energy Council (GWEC) market intelligence. GWEC found a total of 30 wind turbine manufacturers installed 120.7GW of new capacity last year, despite a challenging macroeconomic environment and continuing supply chain challenges. Chinese suppliers in...

May 10, 2024

First turbine goes up at Baltic Eagle

The first of a total of 50 wind turbines has been installed at the 476MW Baltic Eagle offshore wind farm, off Germany. Baltic Eagle, which is a joint venture between Iberdrola and Masdar, will work in partnership with Vestas to install the remaining wind turbines. These will be transported to the offshore construction site in the coming month...

May 10, 2024

EU tariffs on Chinese EVs could backfire, German car bosses warn

Top executives at BMW and Volkswagen warned the European Union against imposing higher import duties on electric vehicles from Chinese automakers, saying it could upend the bloc's Green Deal plan and harm automakers that import cars built in China. The European Commission, which oversees trade policy in the 27-nation European Union, launched an ...

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