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Daily (08.08.2023): Germany recorded seven hours of negative power with a low of -9.99 EUR /MWh amid elevated wind output
Crude oil prices fell on Monday as a result of reduced demand for gasoline in the US, following the end of the summer driving season. Furthermore, the expansion of Chinese strategic oil reserves added downward pressure on prices. Thus, Brent crude dropped by 1.1% to end at $85.34 a barrel. Meanwhile, U.S. WTI crude declined by over 1% to settle at $81.94 a barrel.
read more... 08/08/2023
France becomes top European power exporter on nuclear upturn
France overtook Sweden to become Europe’s biggest net power exporter in the first half of 2023, amid an increase in nuclear power availability, while Germany ramped up imports, said Montel’s EnAppSys on Friday.
read more... 07/08/2023
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Germany hails breakthrough in EU talks on power plant plans
Germany's economy minister said on Tuesday Berlin had made a "breakthrough" in its talks with the European Commission on plans for new hydrogen and gas power plants, but has yet to agree on how they will be subsidised.
read more... 02/08/2023
Germany commits to ‘blue hydrogen’ in updated national strategy
Germany’s updated hydrogen strategy, unveiled on Wednesday (26 July) places heavy emphasis on imports from Denmark and Norway while securing “blue hydrogen” production from fossil gas using CCS technology to mitigate the related emissions.
read more... 27/07/2023
German offshore wind capacity up 3.1% in H1, manufacturers demand law amendments
Germany raised installed offshore wind capacity by 3.1% to 8,385 megawatts (MW) in the first half of 2023, industry lobbies said on Tuesday, demanding better revenue guarantees to maintain a build-out pace and ensure it will reach a 30,000 MW target by 2030.
read more... 26/07/2023