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Romania restarts approach to new Cernavoda units

Romania plans to create a Strategic Coordination Committee for the project to build units 3 and 4 at the Cernavoda nuclear power plant, according to a notice in the government’s official gazette on 14 July. The notice followed another published the same day, stating that the prime minister's 2018 decision to establish a working group for the negotiation of a draft intergovernmental agreement between Romania and China for the project had been abrogated.

read more... 17/07/2020

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EDP seeks to close its coal-fired power plants in 2021

The utility is evaluating the development of green hydrogen production and energy storage projects

read more... 16/07/2020

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SGN working on world’s first offshore wind-powered hydrogen heating project

The UK gas network operator SGN has launched a project that will be world-first to employ a direct supply of offshore wind power to produce green hydrogen energy for heating.

read more... 16/07/2020

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Repsol kicks off 264MW Spanish solar build

Valdesolar will start generating power later this year with construction slated for completion in early 2021

read more... 15/07/2020

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Daily (13.07.2020): Crude oil prices jumped by over 2% on Friday, after IEA raised its oil demand forecasts

British gas prices were bearish on Friday as strong wind output put pressure on gas-for-power demand, leaving the system oversupplied. The day-ahead gas price plunged by 8% to 12.65 p/therm. Further along the curve, the Winter 2020 delivery contract ended 1.6% lower at 34.03 p/therm. European spot power prices lost momentum on Friday, driven down by weaker demand forecasts. The price for the German day-ahead power contract plunged by 21.9% to 28.60 EUR/MWh, while the equivalent French contract settled 22.7% lower at 29.38 EUR/MWh. Meanwhile, forward electricity prices lost ground due to weaker gas prices. The price for the German power contract for delivery in 2020 traded 2.2% lower at 42.01 EUR/MWh, while the equivalent French contract settled 1.4% down at 46.94 EUR/MWh. EU carbon prices continued the upward evolution on Friday as buyers continue to increase volumes amid thin selling. The contract expiring in 2021 rose by 1.5% to 29.34 EUR/tonne.

read more... 13/07/2020

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