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Daily (12.10.2023): European spot electricity prices surged on Wednesday amid falling wind output and potential strikes by power workers in France
On Thursday, Oil prices fell following reports that Saudi Arabia had committed to maintaining market stability in the face of possible supply disruptions in the Middle East caused by conflicts in the region. As a result, Brent crude dropped by 2% to settle at $85.82 per barrel, while WTI crude ended at $83.49 per barrel, down 3% day-on-day.
read more... 12/10/2023
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World’s largest offshore wind farm powers UK grid for the first time
The Dogger Bank Wind Farm, set to become the world’s largest offshore wind farm, has achieved a significant milestone by producing its first power.
read more... 10/10/2023
Global electricity sector nearing ‘peak emissions’
Anew report suggests that we may soon reach the peak of global emissions from the electricity sector. Research into 78 countries by think tank Ember has shown that in the first half of 2023, CO₂ emissions from the global power industry grew by a mere 0.2%, with wind and solar capacity hitting record levels.
read more... 09/10/2023
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Norway plans resource tax on onshore wind farms
Norway will introduce a resource rent tax on onshore wind power from 2024, although existing facilities will get "generous transitional arrangements", the government said on Friday.
read more... 06/10/2023
Europe could become energy self-sufficient in $2 trillion push
Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around 2 trillion euros ($2.1 trillion) on solar, wind and other regenerative sources by 2040, according to a new study.
read more... 05/10/2023