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Daily (20.09.2019): NBP spot fell by nearly 3% on Thursday, as low wind and reduced French power output boosted gas-for-power demand
Crude oil prices turned bullish on Thursday, as traders started to doubt whether Saudi Arabia will be able to fulfill its pledge to restore lost production by September 30 and its capacity by November 30 after last weekend’s attack. Geopolitical risks were the main driver in the price rise, as the market await further reactions from Saudi Arabia and the U.S., which strive at building a peaceful coalition rather than engaging in a military action. A weaker U.S. dollar also supported prices. Brent crude rose by 1.3% to 64.40 USD/bbl, while WTI futures were rather steady at 58.13 USD/bbl.
read more... 20/09/2019
Encavis signs power purchase agreement for solar park in Spain
German wind and solar energy company Encavis has signed a ten-year power purchase agreement (PPA) with an undisclosed international energy company for a solar park with 300MW capacity located in Talayuela, Central Spain.
read more... 19/09/2019
Belgian capacity market will lead to oversupply – Anode
Belgium’s plans to launch a capacity market could lead to an oversupplied system, which will hurt profitability for new and existing power plants, said Anode Energie portfolio manager Kris Voorspools.
read more... 17/09/2019
Germany's Notus to add 270 MW wind capacity in Ukraine
Germany-based Notus Energy Group intends to build 270 MW of wind parks in Ukraine that will kick off operations by 2021, it said last week.
read more... 16/09/2019
US wind additions to peak at 14.6 GW in 2020 - Wood Mackenzie
The US wind industry will witness the addition of a record 14.6 GW of capacity in 2020 as developers are rushing to complete their projects ahead of the planned phase-out of the federal production tax credit (PTC), Wood Mackenzie says.
read more... 13/09/2019