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Daily (29.10.2019): The German spot power price skyrocketed by nearly 140% on Monday amid low wind and strong demand due to a cold spell

Oil prices lost momentum on Monday, as traders expected a rise in the U.S. crude inventories. Moreover, the outlook for the global crude demand dimmed further because of pessimistic industrial data in China, weighing on the market sentiment. Consequently, Brent crude inched down by 0.7% to $61.57 a barrel, while WTI futures dropped by 1.5% to $55.81 a barrel.

read more... 29/10/2019

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Spain's Galicia region to add 480 MW of wind in 2019

The Spanish region of Galicia will end 2019 with 480 MW of newly installed wind power provided by some 20 new wind farms that have reached the final stage of construction, according to local wind association EGA.

read more... 29/10/2019

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1.2TW: cost reductions, policy advances will drive 50% renewables growth to 2024, says IEA

Renewable sources of electricity are set for rapid growth over the next five years, which could see them match the output of the world’s coal-fired power stations for the first time ever.

read more... 28/10/2019

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EU coal power plants incurred €6.6 billion losses in 2019, study reveals

"Coal is no longer a profitable business. This is partly due to rising fuel costs, but also increasingly fierce competition from renewable energies. Low gas prices, in particular, are putting the coal business under pressure," Sriya Sundaresan, one of the study's authors, told EURACTIV.

read more... 28/10/2019

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Bulgaria's Kozloduy NPP reconnects Unit 6 to grid after planned maintenance

Bulgaria's sole nuclear power plant (NPP) Kozloduy said on Thursday that it has reconnected its 1,000 MW Unit 6 to the grid following a planned annual maintenance.

read more... 25/10/2019

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