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PGE posts 80% rise in 2019 wholesale power sales

Polish utility PGE sold 61.4 TWh of output on power exchange TGE and the balancing market in 2019, up 80% from the pervious year, the company said late on Tuesday.

read more... 01/04/2020

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'Hydrogen could meet quarter of world's energy needs – at $11 trillion cost'

A hydrogen economy powered by vast amounts of renewables could meet a quarter of the world’s energy needs by 2050 – but will need $11 trillion of spending on infrastructure and a $150bn subsidy kick-start, said BloombergNEF.

read more... 31/03/2020

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EU power prices could drop 40% on recession – Thema

Continental European power prices could fall by up to 40% to EUR 20-25/MWh on average next year should efforts to curb the coronavirus cause a global recession, said Oslo-based consultancy Thema.

read more... 30/03/2020

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World adds 60.4 GW of wind in 2019

The world installed 60.4 GW of wind power capacity in 2019, of which 70% in China, the US, the UK, India and Spain, the latest Global Wind Report by the Global Wind Energy Council (GWEC) reveals.

read more... 27/03/2020

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COVID-19 Delays Construction of 299 MW Biomass Power Plant in UK

Construction on the Tees Renewable Energy Plant (Tees REP) a 299 megawatt (MW) biomass power plant in the U.K. was suspended on March 24 due to the COVID-19 pandemic. A small number of critical maintenance staff remain onsite. MGT, the owner and operator of Tees REP, did not indicate when construction on the facility might resume.

read more... 27/03/2020

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