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Daily (31.08.2020): European carbon prices jumped to nearly €30 on Friday amid French nuclear outages
Oil prices ended slightly lower to flat on Friday as Hurricane Laura, which hit the U.S. Gulf Coast, caused less damage than feared on refineries, allowing infrastructure to start the recovery process. Hence, Brent crude stagnated at $45.05 a barrel, while U.S. WTI crude lost 0.2% to end at $42.97 a barrel. However, on a weekly basis, Brent and WTI rose by 1.5% and 1.6% respectively, as investors shifted their focus from the storm toward the fragile rebound in consumption amid the pandemic.
read more... 31/08/2020
Daily (28.08.2020): British near-term gas prices retreated from multi-month highs on Thursday amid ample supply, cooler temperatures
Crude oil futures ended lower on Thursday as Hurricane Laura was less catastrophic than predicted, with Gulf of Mexico production expected to recover soon. Hence, Brent crude for October delivery fell by 55 cents, or 1.2%, to settle at $45.09 a barrel. At the same time, U.S. WTI crude declined by 35 cents or 0.8% to end at $43.04 a barrel.
read more... 28/08/2020
New solar PPA, hybrid PV-wind project in Germany
Statkraft and Naturstrom AG have signed a power purchase agreement for a 50 MW solar array in Bavaria, while BayWa r.e. has announced a new solar-wind hybrid project, with 22 MW of solar capacity.
read more... 28/08/2020
EDF to restart Hunterston B-7 soon
EDF has received regulatory approval to start generating low carbon power again from Reactor 3 at Hunterston B power station in Ayrshire, Scotland. This follows a two-year inspection and investment programme. EDF also said the plant will move into the defuelling phase no later than 7 January 2022. This is subject to a further inspection in the spring of 2021 and then regulatory approval for a final six months of operation.
read more... 28/08/2020
Storm blows wind power to record 60% share of UK electricity
National Grid says new best-ever share saw turbines peak at 14.2GW of output.
read more... 28/08/2020