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French energy law might shut down third of EDF
France's energy transition law could oblige state-controlled utility EDF to shut down around a third of its 58 nuclear reactors by 2025, the state audit office declared in its yearly report on Wednesday. The Cour des Comptes predicts that the projected reduction of the share of nuclear in French energy output to 50 percent by 2025 from over 75 percent now might lead to the closure of 17 to 20 reactors if electricity consumption and exports stay at present levels.
read more... 11/02/2016
Gamesa and Siemens discussing final terms of wind fusion
German engineering conglomerate Siemens and Spanish renewable energy group Gamesa are in final talks on a transaction to merge their wind power assets, as stated by two sources familiar with the situation on Wednesday.
read more... 11/02/2016
Daily: European electricity spot prices soar on higher consumption in France, lower wind power output
WTI crude prices declined 2 percent on Wednesday as inventories at the main U.S. delivery point at Cushing, Oklahoma touched record highs following production cuts at refineries, while Brent boosted for the first time in five days on global production reduction outlook. U.S. crude eased 49 cents, or 1.8 percent, to close at $27.45 a barrel. It soared more than $1 earlier before plunging to near 12-year lows on the EIA data. Brent crude rose 52 cents, or 1.7 percent, to settle at $30.84 a barrel. It was Brent's first increase since February 2.
read more... 11/02/2016
Danish government okays 400 MW offshore interconnection to Germany
The Danish government has given the green light to the scheduled 400 MW offshore interconnection between Germany and Denmark, declared Energinet.dk, transmission system operator in Denmark.
read more... 10/02/2016
Cyprus annuls LNG tender after two-year postponement
Cyprus' Natural Gas Public Company (DEFA) has annulled a tender for approximately 10 years supply of liquefied natural gas (LNG), after almost two years of postponements and extensions.
read more... 10/02/2016