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Daily (27.07.2021): EUAs surged by 4.5% on Monday amid strong demand for coal-fired power production in Europe and Asia
Crude oil futures diverged to trade rather flat on Monday amid mixed signals. Forecasts that crude supply will be tight the rest of the year provide little support, while the spread of the COVID-19 Delta variant stoked fears about fuel demand, limiting gains. Hence, Brent crude rose by 0.5% to settle at $74.50 a barrel, while U.S. WTI crude lost 0.2% to close at $ 71.91 a barrel.
read more... 27/07/2021
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French grid operator’s ‘software-controlled battery experiment’ begins
A grid-scale battery energy storage system (BESS) has come online in northeastern France, which will be used by the national transmission grid operator RTE to assess the role of automated electricity storage in managing power flows.
read more... 27/07/2021
Europe to boost battery production as electric shift accelerates
As electric car sales take off and petrol engines face being phased out by 2035, Europe is looking to develop its own battery production base.
read more... 27/07/2021
Eni to buy 1.2GW Spanish renewables portfolio
Italian energy company Eni is to buy 1200MW of Spanish wind and solar projects from Madrid-based European private equity manager Azora for an undisclosed price.
read more... 27/07/2021
Daily (26.07.2021): Spot power prices lost ground on Friday, on forecasts of stronger wind levels
Oil prices increased slightly on Friday, as signs of strengthening demand were offset by concerns over the Delta variant of the coronavirus. Hence, Brent crude gained merely 0.4% at $74.10 a barrel and WTI oil edged 0.2% higher at $72.07 a barrel.
read more... 26/07/2021